Pinewood upbeat as the cameras get rolling again May 12, 2010 FILM studio Pinewood Shepperton said yesterday its second-half would be stronger than the first because of a delayed start to the shooting of some films. The firm, which has provided its studios for British classics such as the Bond films and the Carry On series, expects overall revenue for 2010 in line with market forecasts. [...]
Bank of New York Mellon outlines its disappointment at lawsuit from Cuomo May 12, 2010 BANK of New York Mellon is “disappointed” that New York attorney general Andrew Cuomo sued its Ivy Asset Management unit, claiming it kept clients in the dark about investing with Bernard Madoff, BNY Mellon’s chief financial officer said at a conference yesterday. The bank cooperated fully with Cuomo’s office and was disappointed the attorney general [...]
BEST OF THE BROKERS May 12, 2010 ENTERPRISE INNS Citi retains its “sell” rating on Enterprise Inns. Its negative view comes despite recent interim results which it concedes put the pub company slightly ahead of its expectations. But despite a positive market reaction, Citi warns that consensus numbers are likely to fall modestly to reflect higher interest costs. TUI TRAVEL Credit Suisse [...]
CITY MOVES | WHO’S SWITCHING JOBS May 12, 2010 Matrix Group The financial services business has appointed Tiraneh Tehranchian as its new head of risk. Tehranchian joins from Man Global Strategies, part of Man Investments, where she has held the position of head of risk for the past five years. Prior to that, she was a risk manager at Abbey National Treasury Services and [...]
SPITALFIELDS MARKET: SEEKING OZ CLARKE OF THE REAL ALE SCENE May 12, 2010 REMEMBER that cushy job as a caretaker of a desert island that caused such a stir when it was advertised a year or so back? Well, The Capitalist might just have discovered an even more covetable role – at least for the beer-loving socialites of the City. Old Spitalfields Market is looking for someone to [...]
Fixed income ETFs or futures: the big debate May 12, 2010 WITH a sovereign debt crisis threatening to bubble over and corporate bonds regaining their popularity as companies strengthen their balance sheets, fixed income has once again returned to the forefront of investors’ minds as an alternative trade to equities. Traditionally, traders would turn either to the futures markets or to fixed income funds as a [...]
Access Islamic finance in the UK with an ETF May 12, 2010 THE last two years have shaken traditional western forms of finance to the core. Lax regulation combined with complex trading products proved to be a lethal cocktail and governments across the developed world are now picking up the bill for hefty bailouts. But should investors be looking at other financial models to invest their cash? [...]
THE TIPSTER May 12, 2010 ALTHOUGH the arrival of a new government did not see the FTSE 100 break immediately higher, there are nonetheless some clear suggestions in the markets that the cyclical UK-listed stocks are starting to gain favour at the expense of their defensive counterparts. In this case, any utilities stocks could find themselves coming under sustained pressure [...]
LISTED PRODUCT NEWS May 12, 2010 LEVERAGE YOUR RETURNS Seven new leveraged ETFs were launched by db x-trackers this week. Three of the ETFs will track daily leveraged short indices, while four will track leveraged long indices. The three short ETFs provide two times daily inverse exposure to leading G7 stock markets including Germany’s Dax, the Euro STOXX 50 and the [...]
Ash cloud dispersal boosts aerospace stocks while Tories spur defence firms May 12, 2010 AEROSPACE and defence stocks helped drive Britain’s top share index higher yesterday with investors relieved over the formation of a new British government. The FTSE 100 index closed up 49.24 points, or 0.9 per cent, at 5,383.45, having fallen one per cent on Tuesday. Rolls Royce, Cobham and BAE Systems helped boost the blue chips, [...]
