CITY MOVES | WHO’S SWITCHING JOBS March 15, 2010 Universal Music Max Hole has been promoted to the position of chief operating officer at Universal Music Group International (UMGI). Hole, who will take up his new role on 1 July, is currently executive vice president of UMGI and president of the group’s Asia Pacific operations. He joined the firm in 1998 from Warner Music [...]
Captain marvel can go steady for Eddie March 15, 2010 TOP trainer Eddie Harty is backing Captain Cee Bee to justify his favouritism in his bid for Arkle glory at Cheltenham this afternoon. Harty tasted Festival success with Cee Bee two years ago when the horse romped home in the Supreme Novices’ Chase. He sat out the whole of last season with injury, but has [...]
FTSE slips on caution over banking stocks and falling commodity prices March 15, 2010 FALLING commodity prices dented miners and energy stocks and banks fell, pushing Britain’s top share index 0.6 per cent lower yesterday, with investors cautious before central bank policy meetings later in the week. The FTSE 100 index ended 31.80 down points at 5,593.85, having risen 0.5 per cent last week. Miners, sensitive to shifts in [...]
US stocks flat after third low trading day this year March 15, 2010 US STOCKS were little changed yesterday as a late rebound in financial stocks offset nagging worries the Chinese government may tighten credit, a move that could slow growth in the global economy. Banking stocks reversed late in the session after Christopher Dodd released a proposed financial regulation overhaul bill. The KBW Banks index added 0.2 [...]
Flexible hedge fund strategies perform best March 15, 2010 HEDGE FUNDS managed to post positive returns last month by capitalising on favourable fixed income and foreign exchange positions, a top hedge fund index revealed yesterday. The Credit Suisse/Tremont Hedge Fund index, which is calculated as a total return index on a monthly basis and tracks the asset-weighted average performance of more than 5,000 hedge [...]
Banker Dunguib could be a damp squib for bookies March 15, 2010 Here we are at last at the best week of the year – it feels like Christmas, birthday, and New Year’s Eve all rolled into one. But what we all want to know is who’s going to win, where’s the money going and which of the contenders have us bookies running scared? And this year [...]
Razor’s ready for a battle Royale March 15, 2010 TRAINER Nigel Twiston-Davies has warned not to write off Razor Royale for this afternoon’s jam-packed William Hill Trophy. The horse, who survived a final fence blunder to win the Racing Post Chase at Kempton a fortnight ago, is one of the front-runners for the three-mile chase, which features a bumper field on 23 runners. The [...]
THE TIPSTER March 15, 2010 AFTER hitting 29-year highs at the start of February, global raw sugar prices have since tumbled as supply in Brazil and India was stronger than expected. Prices have now fallen below 20 cents per pound, after hitting highs of 30.40 cents per pound back in February. Can the fall in prices continue? Spreadex has a [...]
This is the moment to sniff out some bargains March 15, 2010 ONE of the most lucrative strategies in the investment book is value investing, or investing in firms that appear undervalued when analysed using a certain type of fundamental analysis. For example, if a company’s share prices is lower than its dividend yield, or its book value. Famous proponents of this strategy include Warren Buffett, and [...]
‘Special One’ Jose eyes an English return March 15, 2010 CHELSEA V/S INTER MILAN JOSE MOURINHO has reiterated his desire to return to manage in England one day after stepping foot back inside Stamford Bridge last night. The Inter Milan boss returned for the first time since his shock sacking in September 2007 as he entertained the media ahead of tonight’s Champions League last-16 second [...]
