A CFD strategy to hedge losses in a broader portfolio June 5, 2012 RECENT falls in the FTSE 100 index, from highs of close to 6,000 in mid-March to its current position under the 5,300 mark, may have spooked some investors. However, it is possible to hedge losses in your equities. By using contracts for difference (CFDs) as part of a short-term hedging strategy, traders can minimise their [...]
ANALYST VIEWS | WAS WOLSELEY’S THIRD QUARTER TRADING PERFORMANCE IN LINE WITH EXPECTATIONS? May 29, 2012 CAROLINE DE LA SOUJEOLE SEYMOUR PIERCE As expected Wolseley’s third quarter trading performance was a mixed bag with continued high growth rates in North America and Europe still lagging: UK is still declining but the trends are improving…we leave our 2012 numbers unchanged, expecting adjusted EBIT of £647m and adjusted profit before tax of £587.3m. [...]
Wall St edges higher in last minute swing May 24, 2012 US stocks ended slightly higher in a third session marked by late day swings yesterday, but the Nasdaq fell after NetApp gave a weak revenue forecast, casting doubt on the outlook for tech spending. Major indexes were lower for much of the session, as investors found little reason to buy following three days of gains. [...]
The beautiful Balearic bubble May 24, 2012 WITH Spain poised to need a bailout, is this a foolish time to think about buying a dream home in Mallorca, Ibiza or Menorca? Not necessarily. Michael Cunnington, of MJC Associates, the Savills Agents in Mallorca, says: “The honest answer is that we still have traffic and people inquiring in the top end but buyers [...]
PTT beats Shell offer for Cove in bidding war May 23, 2012 THAI energy giant PTT yesterday trumped Shell’s offer for Cove Energy with a £1.22bn bid. The board of Cove recommended the new offer – equivalent to 240p per share – leaving Shell to decide on whether to try to outgun PTT. Cove has an 8.5 per cent stake in massive gas finds offshore northern Mozambique and [...]
PTT trumps Shell’s bid for Cove May 23, 2012 Thailand’s PTT Exploration and Production has trumped Royal Dutch Shell’s bid for Mozambique-focused explorer Cove Energy by offering £1.22bn ($1.9bn). The move shows the growing international interest in East African gas finds. Cove management said just hours ahead of a deadline for investors to accept Shell’s bid, it now backed PTT’s 240 pence per share [...]
Britain must embrace 30pc tax revolution to boost growth May 21, 2012 IT is time for Britain to make a vital choice. Our economy is stagnant, with unemployment at horrendous levels, crippled by excessive public spending and a punitive tax system. There are two options. We can either tweak the status quo – try to keep a lid on spending, reform bits of the public sector and [...]
Britain must embrace 30pc tax revolution to boost growth May 20, 2012 IT is time for Britain to make a vital choice. Our economy is stagnant, with unemployment at horrendous levels, crippled by excessive public spending and a punitive tax system. There are two options. We can either tweak the status quo – try to keep a lid on spending, reform bits of the public sector and [...]
Tax reform can drive recovery, say think tanks May 20, 2012 CUTTING and simplifying taxes would significantly boost the UK economy, according to a report released this morning that urges the government to adopt a comprehensive plan for growth. Taxes should be reduced to no more than one third of national income by the end of the decade, according to the 2020 Tax Commission, a group [...]
At last – this Tax Commission has a practical way to fix the UK system May 20, 2012 THE 2020 Tax Commission, and its final report out today, isn’t the first call for substantial reforms to create a more efficient tax system. We found 53 earlier reviews. But taxes are still dysfunctional, and the last substantial change for the better was Nigel Lawson’s 1988 Budget and its sharp cuts in marginal tax rates. [...]