Wall St plunges as fears of a fresh slump weigh May 13, 2010 US stocks fell yesterday as downbeat comments on the economy from tech company Cisco Systems and retail chain Kohl’s cast doubt on the strength of the US recovery. Cisco’s warnings about a still weak labour market and Kohl’s saying it was unconvinced a recovery was at hand underscored the downbeat mood among investors alreadly rattled [...]
What Clegg and Cameron will mean for your finances May 13, 2010 WHEN David Cameron and Nick Clegg stepped into 10 Downing Street together on Wednesday evening, it heralded a new era in British politics and a strong commitment to tackle Britain’s public finances. Unfortunately for those keeping a close eye on their money, their plans to get the country’s debts in order are going to have [...]
PERSONAL FINANCE NEWS May 13, 2010 POST OFFICE HAS NEW GROWTH BOND The Post Office has just launched a new growth bond, which offers one-, two- and three-year terms and with rates up to 4.10 per cent AER. The Growth Bond Issue 12 has a minimum opening deposit of £500 and a maximum of £1m. But additional deposits aren’t allowed and [...]
Kings of the pension world May 13, 2010 WHEN two people go into business together there’s always the potential that rivalry or a squabble could tear the whole project apart – just think of the Ambani brothers’ public spat in India. But in contrast to this are Robert Gardner and Dawid Konotey-Ahulu, the co-founders of Redington, an independent pensions advisory firm. Not only [...]
There is more to banking than just cash May 13, 2010 THE wealth management industry doesn’t seem like a natural fit for an entrepreneur. After years of building a business from scratch, why would you leave your hard-earned cash with a manager? But the industry is starting to directly target entrepreneurs and is actually tailoring packages solely for their needs. For example, Vestra Wealth set up [...]
Q&A: DATA SECURITY May 13, 2010 Q. I am a small business and all of the information I need is located on computers. How can I be sure it is safe? A. There are three main rules that every business should follow when thinking about making sure that all of their data is secure, says William Beer, PricewaterhouseCoopers’ director of OneSecurity. [...]
Fixed income ETFs or futures: the big debate May 12, 2010 WITH a sovereign debt crisis threatening to bubble over and corporate bonds regaining their popularity as companies strengthen their balance sheets, fixed income has once again returned to the forefront of investors’ minds as an alternative trade to equities. Traditionally, traders would turn either to the futures markets or to fixed income funds as a [...]
Access Islamic finance in the UK with an ETF May 12, 2010 THE last two years have shaken traditional western forms of finance to the core. Lax regulation combined with complex trading products proved to be a lethal cocktail and governments across the developed world are now picking up the bill for hefty bailouts. But should investors be looking at other financial models to invest their cash? [...]
THE TIPSTER May 12, 2010 ALTHOUGH the arrival of a new government did not see the FTSE 100 break immediately higher, there are nonetheless some clear suggestions in the markets that the cyclical UK-listed stocks are starting to gain favour at the expense of their defensive counterparts. In this case, any utilities stocks could find themselves coming under sustained pressure [...]
LISTED PRODUCT NEWS May 12, 2010 LEVERAGE YOUR RETURNS Seven new leveraged ETFs were launched by db x-trackers this week. Three of the ETFs will track daily leveraged short indices, while four will track leveraged long indices. The three short ETFs provide two times daily inverse exposure to leading G7 stock markets including Germany’s Dax, the Euro STOXX 50 and the [...]
