ECONOMIST VIEWS: ARE YOU CONCERNED BY THE DOWNWARD REVISIONS? December 22, 2010 HOWARD ARCHER | IHS GLOBAL INSIGHT While disappointing, it does not fundamentally change the picture that economic activity held up well in the third quarter after robust growth in the second quarter. PHILIP SHAW | INVESTEC Well the broad picture remains the same, which is that GDP growth was impressively robust over the second quarter [...]
Whatever you want to invest in, there’s an ETF available December 22, 2010 IN THE United States, there is an exchange-traded fund (ETF) for everything you ever wanted to trade and plenty more that you had never even considered. While the likes of ophthalmology and nanotech ETFs have not yet made it across the pond, European investors should certainly be satisfied with the range of ETF products on [...]
Spain: better to be safe than sorry December 22, 2010 IT IS still too soon to say whether the Spanish government’s austerity budget will be enough to calm the markets and quell fears that an economy twice the size of Greece, Ireland and Portugal combined will need a bailout. But even if the legislation does resolve Spain’s problems, exchange-traded fund (ETF) investors with exposure to [...]
LISTED PRODUCT NEWS December 22, 2010 DB X-TRACKERS LISTS GLOBAL SECTOR ETFS Deutsche Bank’s ETF division db x-trackers yesterday announced that it had launched 10 global equity sector-based ETFs, listed on the London Stock Exchange (LSE). All 10 products will track the various MSCI?World sector indices, which give access to developed world equity sectors. This launch enhances db x-trackers’ offering of [...]
THE TIPSTER December 22, 2010 Although BSkyB and News Corp have been in the news recently because of political upheavals, the big decision has been announced and News Corp has received EC approval for a £7.8bn buyout of BSkyB. BSkyB’s shares have already jumped in response to the news, confirming investor approval. Along with strong promotions such as three months [...]
Banks give FTSE a boost as pre-Christmas rally continues December 22, 2010 BRITAIN’S leading share index pushed higher yesterday, supported by gains from banks as reports China is ready to buy Portuguese bonds eased European debt concerns. At the close, the FTSE 100 was up 31.69 points, or 0.5 per cent, at 5,983.49, edging ever closer towards the 6,000 level last seen in June 2008. The blue [...]
Bullish mood helps to drive Wall St up December 22, 2010 THE S&P 500 rose yesterday to its highest level since the collapse of Lehman Brothers, led by bank stocks that have leapfrogged other sectors in December. The banks – epicentre of the credit crisis two years ago – led indexes higher as a December run helped keep the market’s year-end rally afloat. The KBW Bank [...]
Mouchel says no to £119m takeover bid December 22, 2010 SUPPORT services group Mouchel has rebuffed a £119m takeover approach from building company Costain. Mouchel, which was the target of an unsuccessful takeover attempt by former rival VT Group last year, said Costain’s 105.8p per share proposal significantly undervalued the business. Costain , which made its approach on 2 December, said Mouchel rejected the all-share [...]
The UK will pay for US net neutrality rules December 22, 2010 THE US Federal Communications Commission (FCC) announced on Tuesday that it would enforce the controversial principle of net neutrality in the US. The issue of whether or not it has the legal mandate for this statement will no doubt bring on a multitude of lawsuits, as Republican federal communications commissioner Robert McDowell said over the [...]
Catlin reveals losses for New Zealand quake December 22, 2010 PROPERTY and casualty insurer Catlin published its losses linked to the New Zealand earthquake yesterday, which were $10m (£6.5m) more than previously thought. The Lloyd’s of London insurer said the quake in September leaves it exposed to around $45m of claims, net of reinsurance – $10m more than the group’s earlier figures. The firm said [...]
