BEST OF THE BROKERS March 31, 2010 ERICSSON Evolution Securities advises investors to “sell” Ericsson because the mobile company’s pricing power is limited by operators. Evolution points out that consolidation has not stemmed industry price pressure and the knock-on effects limit revenue leaving Ericsson trading on what it considers an unjustified premium. ABCAM Investec ups Abcam’s target to 1,350p from 1,051p and [...]
CITY MOVES | WHO’S SWITCHING JOBS March 31, 2010 RBC Wealth Management The wealth manager, part of the Royal Bank of Canada, has appointed Sarah Macdonald as a director, focusing on UK entrepreneurial clients. Macdonald has worked for over a decade in the financial services industry at both Barclays Wealth and Morgan Stanley. She specialises in advising high net worth clients on asset management [...]
Providers make a dash for share of ETC market March 31, 2010 WHEN it was announced at the end of last year that investment vehicles traded on exchanges, mostly in the form of index-tracking funds, had passed the $1 trillion mark globally, it was a sign that listed products were growing in popularity. But while exchange-traded funds (ETFs) have made their mark already here in Europe, it [...]
INVESTORS’ GLOSSARY March 31, 2010 ARBITRAGEUR You may have heard the term arbitrageur – it is a type of trader who tries to benefit from price inefficiencies in the market. An arbitrage trade requires executing two trades simultaneously that off-set each other. This allows the trader to capture the “risk-free” profits. For example, an arbitrageur may look at a stock [...]
LISTED PRODUCT NEWS March 31, 2010 RBS OFFERS MORE INDICES RBS has recently launched two new covered call warrants on the German Dax stock index and the South African FTSE/JSE top 40. The Dax index is a good way to trade the global economic recovery due to the number of manufacturing companies that are included in the Dax. Likewise, the FTSE [...]
THE TIPSTER March 31, 2010 SATELLITE communications provider Inmarsat was one of the worst performers on the FTSE 100 on Tuesday after hopes faded that its largest shareholder, Harbinger Capital, will be able to afford a takeover. After rising to a high of 797p earlier this year, this pullback could push the stock as low as 650p if any more [...]
Mything in action March 31, 2010 Film CLASH OF THE TITANS Cert: 12A THE first action blockbuster of the Spring is no classic, but as forgettable, brain-dead holiday entertainment it just about gets the job done. Starring man-of-the-moment Sam Worthington (Avatar, Terminator Salvation) as Greek demi-god Perseus, it’s a remake of the 1981 film that was chiefly notable for its stop-motion [...]
ALSO OUT THIS WEEK March 31, 2010 FILM HOW TO TRAIN YOUR DRAGON High-quality animated family fun about a Viking boy and his dragon. REMEMBER ME R-Patz (Twilight’s Robert Pattinson, if you’re not a teenage girl) moves into romantic drama. PCYCHO Re-release time for the film that gave us the phrase, “the shower scene from Psycho”. DVD 2012 The world comes to [...]
ON IN LONDON March 31, 2010 FILM: Scouting Book for Boys Thomas Turgoose, who made his name as the young star of This Is England, proves his star credentials in this imaginative, whimsical story about the dramas and trials of teenage life. THEATRE: London Assurance Simon Russell Beale is at his comic finest as the Victorian fop Sir Harcourt Courtley in [...]
Chocolatey alternatives March 31, 2010 Chocolate scotch egg Don’t worry, there’s no meat involved here. As it happens, Fortnum & Mason invented the scotch egg, and has made this chocolate version – with a vanilla fondant centre – to celebrate. £15 www.fortunmandmason.com Chocolate pie chart Aussie chocolatiers Matt & Mary have produced the perfect gift for those who spend their [...]
