Gilt prices on course to fall as UK public debt threatens credit rating May 25, 2009 MARKETS were rattled last Thursday when ratings agency Standard & Poor’s announced that it had downgraded its outlook on Britain’s AAA credit rating to “negative” from “stable” for the first time since October 1993. Lower credit ratings result in higher borrowing costs because the borrower is considered more likely to default on its debt. If [...]
Nikkei to be dragged down by demand slump May 25, 2009 THINGS can’t get any worse for Japan, it seems. That at least is the view held by the Bank of Japan, which upgraded its assessment of the economy for the first time in three years, despite a record economic contraction in the first quarter of 2009. GDP data released last Thursday showed that the Japanese [...]
Uncertainty over dividend payments could see defensive shares back on top May 25, 2009 MARKS & Spencer was hit by shareholder anger last week after it confirmed a widely flagged decision to slash its dividend payout to shareholders by one third. It saw its shares dive to the bottom of the FTSE 100, wiping 8 per cent off the share price in just one day. The price has continued [...]
US economic data in focus to pull US markets up May 25, 2009 WALL Street may feel more pressure this week unless a raft of economic data, including consumer confidence, home sales and gross domestic product (GDP), restores the optimism that had driven a two-month rally before fading last week. Investors cited the potential bankruptcy of General Motors as a concern, as further job losses could imperil the [...]
SPOTLIGHT ON SMALL CAPS May 25, 2009 THE greatest bugbear of the year for Aim investors, at least on the face of it, has been the exodus of companies from the junior market as more and more are forced to delist amid the economic turmoil. But as the number of firms on Aim continues to fall back, many small cap experts are [...]
SPOTLIGHT ON SMALL CAPS May 25, 2009 THE greatest bugbear of the year for Aim investors, at least on the face of it, has been the exodus of companies from the junior market as more and more are forced to delist amid the economic turmoil. But as the number of firms on Aim continues to fall back, many small cap experts are [...]
Week of gains set back by S&P UK outlook downgrade May 21, 2009 A CUT in the UK’s ratings outlook from agency Standard & Poor’s weighed on the FTSE 100 yesterday, with weakness in heavyweight oils, miners and banks contributing to a 2.8 per cent slide by close of play. The index ended 122.94 points lower at 4,345.47, its biggest daily fall since 27 March, having closed 13.84 [...]
Investors fear US echoing UK woes May 21, 2009 US stocks slid in a broad sell-off yesterday as investors, concerned about the US fiscal condition, exited dollar denominated assets across the board. Markets came under severe selling pressure as a result of an outlook downgrade for the UK’s triple-A credit rating heightened fears that the United States, with its increasing budget deficit and weakened economy, could [...]
Mix of ethics and business is boosting CFA’s appeal May 20, 2009 AT a time of mass job cuts, it is no surprise that City workers are trying to make themselves more attractive to employers. One increasingly popular way to do this is to take the Chartered Financial Analyst (CFA) qualification, a globally-recognised certificate for those working in investment management and financial analysis. According to figures released on [...]
ETHICS AND PROFESSIONAL STANDARDS THE CFA CODE May 20, 2009 Members of CFA Institute (including charterholders and candidates for the CFA designation) are obliged to adhere to a code of conduct designed to instill a high level of ethical and professional standards in the financial services industry. They must: • Act with integrity, competence, diligence, respect, and in an ethical manner with the public, clients, prospective [...]