The post-trade space is facing a revolution following Mifid June 17, 2009 IN THE fast and exciting world of trading it is all too easy to overlook the importance of the necessary but rather administrative post-trade activities, of which clearing and settlement are the most important. But these play a vital role in the functioning of the European securities markets. And the European clearing and settlement space [...]
A bloated BBC could hamper a recovery in media May 28, 2009 THERE was a rare spot of good news for the media industry this week. Firstly, Goldman Sachs turned positive on the industry, upping its target price for Daily Mail and General Trust to 346p and for Trinity Mirror to 88p. It also added ITV to its conviction buy list, a move which Bank of America [...]
A bloated BBC could hamper a recovery in media May 28, 2009 THERE was a rare spot of good news for the media industry this week. Firstly, Goldman Sachs turned positive on the industry, upping its target price for Daily Mail and General Trust to 346p and for Trinity Mirror to 88p. It also added ITV to its conviction buy list, a move which Bank of America [...]
YES, RECOVERY WILL BE LONG AND HARD June 28, 2009 JANE FOLEYRESEARCH DIRECTOR, FOREX.COM HAVING rallied between March and early June on the expectation that the global economic downturn could be in the process of bottoming, the market is displaying a reluctance to extend risk. The reason is clear – economic data may have improved, but they are not yet sufficiently strong to confirm that [...]
CITY BOYS COME UP TRUMPS FOR SIR ALAN’S NEWEST APPRENTICE June 8, 2009 BEADY-eyed Apprentice followers may have noticed a bevy of City boys getting behind the camera last night for a cameo on the final episode of the show. Pelham PR’s Gavin Davis, Alisdair Haythornthwaite and Alex Walters appeared on screen, with Funsho Allu from insurer AIG and freelance hack Jack Dyson, to advise winner Yasmina on [...]
Sterling’s long decline comes to an end May 27, 2009 IT may seem strange given the dire state of Britain’s public finances but sterling is starting to regain some of its strength, especially against the dollar. Yesterday the pound rose above $1.60 for the first time in seven months, boosted by better services sector sentiment and mortgage approvals. Sterling is now trading well above its [...]
WHAT THE OTHER PAPERS SAY THIS MORNING June 3, 2009 FINANCIAL TIMES BANKRUPTCIES SET TO RISEThe number of corporate bankruptcies is set to surge by 35 per cent this year, turning the world economy into a “burial ground” for businesses, according to a study by Euler Hermes, the credit insurer. In a study published today the Paris-based unit of Allianz, says the rate of corporate [...]
WHAT THE OTHER PAPERS SAY THIS MORNING June 3, 2009 FINANCIAL TIMES BANKRUPTCIES SET TO RISEThe number of corporate bankruptcies is set to surge by 35 per cent this year, turning the world economy into a “burial ground” for businesses, according to a study by Euler Hermes, the credit insurer. In a study published today the Paris-based unit of Allianz, says the rate of corporate [...]
THE GLOOMY NEWS ISN’T ALL OVER YET May 25, 2009 THERE was a little corrective activity in the middle of last week, but the story this quarter for the S&P 500 has been positive: the index has notched up gains of over 11 per cent. But we shouldn’t start getting too excited just yet. The S&P’s gains sit uncomfortably with the gloomy rhetoric that is [...]
THE GLOOMY NEWS ISN’T ALL OVER YET May 25, 2009 THERE was a little corrective activity in the middle of last week, but the story this quarter for the S&P 500 has been positive: the index has notched up gains of over 11 per cent. But we shouldn’t start getting too excited just yet. The S&P’s gains sit uncomfortably with the gloomy rhetoric that is [...]