BEST OF THE BROKERS January 31, 2010 IG Group Arden has increased its target price by seven per cent to 440p. With no loss making days in the last 18 months and bad debt at under 0.1 per cent of revenue in the first half of 2010, IG’s effective risk management underlines the broker’s upgrade to “buy”. IG has strong growth prospects [...]
Longevity risk gets a new benchmark January 31, 2010 A NEW association has formed to transfer longevity and mortality-related risk to the capital markets in the same way that some of the world’s biggest perils, such as hurricanes and earthquakes, are protected against by shifting the risk to investors via catastrophe bonds. The Life and Longevity Markets Association (LLMA), made up of a consortium [...]
Retail fund sales set to smash through the £25bn mark in record-setting year January 31, 2010 RETAIL fund sales are expected to top £25bn in a year for the first time ever. Figures to be released by the Investment Management Association tomorrow will set a new record for sales. The industry surpassed the previous record sales of £17.7bn – set in 2000 – as far back as September, when sales reached [...]
Premier Foods chairman will quit after six years January 31, 2010 THE chairman of Premier Foods, Britain’s biggest food producer, will step down after six years in charge of the embattled company. David Kappler will formally announce his intention to quit at the company’s annual meeting in May. He was brought in to guide the company after it floated on the stock exchange in 2004. He [...]
Poll: private equity to face a bleak future January 31, 2010 THE private equity industry could face years in the wilderness according to an industry poll. Despite a glut of big money deals over the past week, more than two thirds of deal makers said the industry could take years to recover from the financial crisis, according to Private Equity News. Experts say private equity firms [...]
DON’T CRY FOR ME January 31, 2010 Argentina’s central bank President Martin Redrado has resigned after a standoff with the government over its plan to use $6.6bn (£4.1bn) in reserves to pay debt due this year.
Toyota finds a way to unstick pedals January 31, 2010 TOYOTA, the carmaker, has come up with a solution to fix the millions of cars it recalled because their accelerator pedals could become stuck, dealers and a US federal official have said. Word of the move came as French car maker Peugeot said it was recalling cars it built with Toyota at a plant the [...]
Boost your trading toolkit by watching moving averages January 31, 2010 FUNDAMENTAL traders have been speculating for some time about two trends: a resurgent greenback and an asset price bubble in China. And, if the technical analysis is correct, confirmation of both these moves came at the end of last week. On Wednesday, the US dollar index – which is a measure of the US dollar [...]
George Soros is wrong to say that gold hasn’t got much higher to go January 31, 2010 GEORGE Soros, often known as the man who broke the Bank of England, could find his title is about to change to the man who tried to break the gold vault. The billionaire investor spent last week at the World Economic Forum in Davos, Switzerland, where he said that gold was the “ultimate asset bubble”. [...]
THE TIPSTER January 31, 2010 FRIDAY’S upbeat house price data from the Nationwide was well received by home owners, but it might only last for the short-term. Whether the upward trend in home values can be sustained for any length of time is clearly open to debate. The prospect of rising interest rates threatens to squash demand as mortgage repayments [...]
