INVESTORS’ GLOSSARY March 10, 2010 TIME DECAY This refers to the ratio of the price of a covered warrant relative to its time to expiry. A covered warrant is referred to as a wasted asset, which means its value deteriorates over time. For example, a covered warrant entitles the holder to purchase stock at a specified price (strike price) on [...]
LISTED PRODUCT NEWS March 10, 2010 DEUTSCHE OFFERS INDONESIA ETF Deutsche Bank’s ETF division db x-trackers has launched the world’s first UCITS III-compliant China and Indonesia ETFs. Listed in Singapore, the China ETF tracks the CSI 300, which replicates the performance of A-shares that are listed on the Shanghai and Shenzhen indexes. DB x-trackers is scheduled to launch the Indonesia ETF, [...]
Companies need to do more to bring women to the boardroom March 10, 2010 KATHRYN Bigelow’s Oscar triumph was certainly timely, the filmmaker becoming the first female recipient of the Best Director gong on the eve of International Women’s Day, Monday’s global celebration of women’s achievements. However, there are few signs that Bigelow represents a growing vanguard of women filmmakers, her industry being just one more in which the [...]
CAREERS CLINIC March 10, 2010 MICHAEL MORAN DIRECTOR, FAIRPLACE I’ve got a job interview coming up that I’m quite nervous about. What can I do in advance to improve my chances? The way you prepare for an interview is just as important as the way you perform when you’re actually there, and if you just turn up having only vaguely [...]
A haunting tale of cat and mouse as a child takes on a serial killer March 10, 2010 BLACKLANDS BY BELINDA BAUER Corgi, £7.99 by Zoe Strimpel EXMOOR dripped with dirty bracken, rough, colourless grass, prickly gorse, and last year’s heather, so black it looked as if wet fire had swept across the landscape, taking the trees with it and leaving the moor cold and exposed to face the winter unprotected. Drizzle dissolved [...]
OUT OF OFFICE March 10, 2010 LONDON ASSURANCE AT THE NATIONAL Dion Boucicault, the Irish genius of London theatre in the mid-19th century, wrote the hilarious London Assurance in 1841, creating in Sir Harcourt and Lady Spanker two of the great comic roles of the English stage. Starring Simon Russell Beale and Fiona Shaw at the?NT, the action concerns love and [...]
Cracking eggs for Easter March 10, 2010 FLORAL EGG, COCOMAYA The chic Mayfair chocolate shop has come up with a rather eccentric egg, with a glittery surface decorated with a chocolate medallion embossed with the face of a Roman emperor and three little white marzipan rosettes, all nestled in a straw nest. The milk chocolate is rich and silky with a bit [...]
Barclays on hunt to buy US banks March 9, 2010 BARCLAYS is seeking to buy a large US retail bank in a bid to bolster its high street presence in the US, bringing it in line with the booming performance of its investment banking division Barclays Capital. Antony Jenkins, chief executive of global retail banking, is heading up an internal team charged with building on [...]
Break even or else, says soccer boss March 9, 2010 IVAN GAZIDIS, the chief executive of Arsenal, has told City A.M. he is firmly behind Europe-wide proposals to force all football clubs to break even. Clubs would have to balance the books over a three-year rolling cycle, starting in 2012, under so-called financial fair play rules discussed by leading sides and European governing body Uefa [...]
Shell in £2bn bid for Arrow March 9, 2010 ROYAL Dutch Shell and PetroChina will attempt to take control of one of Australia’s most promising oil companies in an audacious £2bn bid. The companies will jointly bid for Brisbane-based Arrow Energy, which holds the largest fuel reserves in Australia. Shell already owns 30 per cent of Arrow’s assets after snapping them up in a [...]
