LISTED PRODUCT NEWS September 8, 2010 WORLD’S FIRST EURO HIGH YIELD BOND ETF BlackRock’s exchange-traded funds (ETF)?platform iShares has launched the world’s first Euro High Yield Bond ETF. The fund tracks the performance of the Markit iBoxx Euro Liquid Corporates Index. The index uses multiple pricing sources for inclusion and is based on an average of the classifications allocated to each [...]
THE TIPSTER September 8, 2010 BELEAGUERED oil and gas giant BP, which yesterday published a report into the Macondo oil well disaster, received a boost after ratings agency Fitch upgraded it to A status. Will the upgrade offer sufficient impetus for the global energy firm to break its August high of 438p? WorldSpreads offers a spread of 414.4-415.4p. Weakness in [...]
BP and energy peers propel the FTSE while banks drag September 8, 2010 EENERGY stocks led by BP pushed Britain’s top shares higher yesterday, outpacing falls in banks that were weighed down by European recovery concerns. The FTSE 100 closed up 21.92 points, or 0.4 per cent, at 5,429.74, after breaking a seven-session winning streak to close down 0.6 per cent on Tuesday at 5,407.82. Meanwhile the FTSE [...]
Wall Street closes up on light trading September 8, 2010 US stocks rose yesterday as investors latched onto positive news out of Europe in the latest in a string of low-volume sessions suggesting little confidence in market direction. Bank stocks recovered from Tuesday’s losses, with JPMorgan up 2.2 per cent and the BKW bank index up 1.7 per cent. A successful Portuguese debt offering as [...]
British MBAs look to broaden their horizons overseas September 8, 2010 MANY British people choosing to take an MBA stay in this country, or head to one of the big American schools. There is no doubt that they are prestigious, but in a world that is increasingly tilting to the East, might there be better ways to spend your money? At most British business schools around [...]
GMAT matters, but it’s not the only way to show a business school your talents September 8, 2010 FOR those wanting to take an MBA, sitting the GMAT is something of a rite of passage. The test – whose full name is the Graduate Management Admission Test – has been the gold standard for MBA students since it was launched in 1953. Now it is to undergo its biggest change yet when it [...]
INTEGRATED REASONING September 8, 2010 Q.WHAT IS THE CHANGE? A.From June 2012 the GMAT will include a 30-minute “integrated reasoning” section. The GMAT will still be three-and-a-half hours long, and the new section replaces one of the two essays in the Analytical Writing Assessment – there will now be just one essay. The Verbal and Quantitative sections remain unchanged Q.WHAT [...]
The MBA takes you from the battlefield to the boardroom September 8, 2010 NEXT month the government will announce a comprehensive spending review in which thousands of military personnel are expected to lose their jobs. Some estimates say that 16,000 will find themselves on civvie street. Many high-fliers will no doubt be attracted by the City, and the City is sure to be interested in disciplined, talented people [...]
FTSE’s winning streak comes to an end after Barclays and mining shares sink September 7, 2010 BRITAIN’S top share index fell from a four-month closing high and ended a seven-session winning run yesterday, led lower by Barclays after management changes and miners on concerns over Australia’s tax plan. In positive news, Invensys climbed 7.4 per cent, with traders citing a newspaper report that the engineering group is a takeover target. An [...]
US market falls as fears on European banks weigh September 7, 2010 US stocks fell in very light volume yesterday as investors seized on renewed concerns about European banks as a reason to sell shares after strong gains last week. Banks, energy companies and chipmakers were the biggest decliners. Trading was among the lightest of the year, with 6.07bn shares traded on the NYSE, Nasdaq and Amex [...]