FUND MANAGEMENT NEWS April 20, 2010 MORNINGSTAR RATES NEW FUNDS Fund information company Morningstar has just assigned ratings to four funds available for sale in the UK. GLG’s Japan CoreAlpha Equity fund receives an elite rating thanks to the experience of fund managers Stephen Harker and Neil Edwards who are “talented stock pickers who have put their long experience to excellent [...]
Sterling will not suffer further in hung parliament April 20, 2010 CLEGGMANIA appears to have grabbed Britain – or at least its front pages – in the wake of last week’s first televised debate. Polls yesterday put Nick Clegg’s Liberal Democrats just two points behind the Conservatives and four points ahead of Labour. The prospect of a hung parliament is becoming a real possibility, even if [...]
Swedes should act to weaken krona April 20, 2010 AFTER rushing to cut interest rates at the peak of the financial crisis, the next challenge for central bankers is when to start the tightening cycle. The National Bank of Australia has already taken the plunge and hiked rates twice this year, while last month Sweden’s central bank signalled it would raise interest rates in [...]
JOBLESS DATA TO INDICATE US PROSPECTS April 20, 2010 BORIS SCHLOSSBERG DIRECTOR OF CURRENCY RESEARCH, GFT LAST Friday’s surprise announcement by the SEC that it will be pursuing fraud charges against Goldman Sachs rocked capital markets across the world. With news that other European governments are now considering litigation, the Goldman Sachs saga could drag on for weeks and cast a negative pall on [...]
THE TIPSTER April 20, 2010 ASIAN currencies continue to attract investors. With risk appetite picking up, the appeal of high-yielding currencies has increased. Earlier this week the central bank of India raised its benchmark interest rate for the second time in a month. The technical outlook for sterling-Indian rupee is weak. The next target on the downside is the 2009 [...]
Find a holiday idyll with no flying required April 20, 2010 IT’S finally started: deluges of volcano-friendly holidays. Yesterday our inboxes were indundated with ways to get round the awful ash cloud. Certainly, if your far-flung trip has been postponed, holidaying in Britain need not be a trial. The UK?is packed with idyllic places to stay, from the cosy and rustic and the majestic and palatial, [...]
Volcanic ash is a chance to practice Zen April 20, 2010 DR JO PERKINS PSYCHOLOGIST AT ORBIT CONSULTING COPING with this kind of frustration does depend on the personal situation. But broadly, be very careful not to get caught up in the hype and general mood. Yes, it is very stressful. But sit down and get a pen and paper and get things in perspective – [...]
OUT OF OFFICE April 20, 2010 THE REAL THING BY STOPPARD Toby Stephens, Fenella Woolgar and Hattie Morahan are starring in Tom Stoppard’s razor sharp comedy, which opens tonight at the Old Vic. Full of Stoppard’s usual verbal pyrotechnics, the play examines the complex nature of love, creativity and reality. It tells the story of Henry, a successful playwright who finds [...]
Beauty and the Beast April 20, 2010 IN TODAY’S list of the “world’s most popular goals” by goal-setting website 43 things, 19,131 people said that their goal was to “go on a road trip with no predetermined destination”. The pure pleasure of driving minus a defined objective came in first, before losing weight, falling in love and ceasing to procrastinate. It’s imperfect [...]
Goldman profit almost doubles April 20, 2010 US banking giant Goldamn Sachs has seen its profit for the first quarter of 2010 almost double. The bank’s net earnings hit $3.46bn (£2.25bn) for the three months to March – compared with $1.8bn a year ago. Goldman also revealed that it paid its employees will receive a £3.6bn bonus pot. The results beat Wall [...]
