LISTED PRODUCT NEWS April 21, 2010 FIRST LISTING FOR RBS’S ETC PLATFORM Standard Commodities, the Royal Bank of Scotland’s exchange-traded commodities (ETC) platform, launched its first product on the Frankfurt Xetra stock exchange this week. Its physical gold ETC gives investors exposure to the performance of the London gold market fix price and the ETC is denominated in euros. The ETC [...]
Lower commodity prices and concerns over Greek debt weigh on FTSE stocks April 21, 2010 BRITAIN’S top share index ended down yesterday as lower commodity prices hit miners and oil stocks and concerns over Greece’s debt returned to haunt banks, though positive broker comment boosted food retailers. The FTSE 100 index closed down 60.26 points, or 1 per cent, at 5,723.43, giving back Tuesday’s one per cent gain. “Equity sentiment [...]
Poor forecasts from drug firms leave Wall St flat April 21, 2010 US stocks finished little changed yesterday as disappointing outlooks from healthcare companies offset strong earnings from Morgan Stanley and Apple. Healthcare stocks took a beating after both Abbott Laboratories and Gilead cut profit forecasts. Both Abbott and Gilead cited the impact of costs from US healthcare reform in their outlooks. The two represented a setback [...]
Beauty parades are no way to recruit April 21, 2010 THERE is some very bizarre behaviour going on,” says David Sims, professor of organisational behaviour at Cass Business School in London. He has heard of one HR department that threw away any applications written in blue ink, not because anybody believed there was anything wrong with those candidates, but just as a way of whittling [...]
CAREERS CLINIC April 21, 2010 I have been asked to mentor somebody, but I am really unsure about what it entails. How do I go about it and what should I expect? The first time I was asked to mentor a young aspiring person I asked the old-fashioned question: why should I, when no-one had done that for me? But [...]
Rebound in oil prices and strong bank results give FTSE a one per cent boost April 20, 2010 RECOVERING oil prices fuelled a one per cent rise in energy stocks and banks also gained to push Britain’s top share index one per cent higher by yesterday’s close. The FTSE 100 index ended up 55.78 points at 5,783.69, having closed down 0.3 per cent on Monday. The index is up 6.9 per cent this [...]
Apple and Yahoo lift US stocks with strong results April 20, 2010 US stocks rose yesterday as oil prices lifted energy shares and investors were upbeat about the overall profits recovery, even as some high-profile results fell short of lofty expectations. Goldman Sachs earnings trounced forecasts, but its stock slipped 2.1 per cent to $159.98. UK regulators launched a probe into alleged fraud by the company, adding [...]
How to find alpha even in a storm April 20, 2010 ABSOLUTE return funds claim to offer the Holy Grail of fund management, by delivering positive returns regardless of whether markets rise or fall. It’s a great pitch, and there has been a spate of new launches. But is absolute return really that fabulous? Absolute return funds work differently to conventional “relative return” funds, where the [...]
With a global fund, the world is your oyster April 20, 2010 TRADITIONALLY, British institutional investors have been interested mostly in regional funds, leveraging local knowledge to bring returns. But there are signs that global funds – which cover all sectors and regions – are growing in popularity. Data from Lipper, the fund management research firm, shows that 16 and 20 global equity funds available to UK [...]
SALISBURY LIVES ON IN BRITAIN PLC April 20, 2010 DICK TURPIN MANAGING DIRECTOR, ARTEMIS WHOEVER wins the election, one thing is clear. The UK economy is in dire straits. Amid the abundance of analysis, the billions here and there, one simple statistic makes sense to me. The UK government is spending £4 for every £3 of revenue. And as even Errol Flynn discovered, reconciling [...]
