Portugal bond auction dominates markets January 12, 2011 European markets were today putting Portugal under the microscope as the ailing euro zone member launched its first debt auction of the year. The country – desperately trying to avoid a bailout from the European Union and IMF – is tapping bond investors for around €1.24bn. All eyes are on the auction which is key [...]
FTSE left lower as investor confidence knocked January 27, 2011 The FTSE lost traction this afternoon after a credit rating cut on Japan knocked investor confidence from the market open, and poor results from fashion chain H&M saw retailers sold. The FTSE 100 closed down 0.07 per cent or 4.13 per cent at 5,965.08 with miners giving up earlier gains to allow steady asset management [...]
FTSE left lower as investor confidence knocked January 27, 2011 The FTSE lost traction this afternoon after a credit rating cut on Japan knocked investor confidence from the market open, and poor results from fashion chain H&M saw retailers sold. The FTSE 100 closed down 0.07 per cent or 4.13 per cent at 5,965.08 with miners giving up earlier gains to allow steady asset management [...]
BEST OF THE BROKERS December 15, 2010 HMV Deutsche Bank rates the retailer “hold” with a target price of 45p. The broker has cut its profit forecast by 20 per cent after a gloomy set of results last week, and sees an eight per cent drop in like-for-like sales in the second half of the year. It has concerns about the focus [...]
PERSONAL FINANCE NEWS November 25, 2010 TRYING TO TIME THE MARKET IS COSTLY Research commissioned by Barclays Wealth has revealed that investors’ habit of chasing performance is costing more than one percentage point a year in returns. The study, which analysed fund flows between 1992 and 2009, discovered that market timing decisions by retail investors (when investing in equity mutual funds) [...]
PERSONAL FINANCE NEWS November 25, 2010 TRYING TO TIME THE MARKET IS COSTLY Research commissioned by Barclays Wealth has revealed that investors’ habit of chasing performance is costing more than one percentage point a year in returns. The study, which analysed fund flows between 1992 and 2009, discovered that market timing decisions by retail investors (when investing in equity mutual funds) [...]
Ocado losses narrow after shaky float February 1, 2011 ONLINE grocery delivery company Ocado yesterday said its losses had narrowed in 2010 – after it weathered the storm following a controversial stock market float. The internet retailer halved its pre-tax loss to £12.2m. Meanwhile it made pre-tax profit of £300,000 for the final quarter – the first profit it has recorded. Ocado chief executive [...]
HSBC chair set to quit bank soon May 23, 2010 STEPHEN Green is set to step down as executive chairman of HSBC as part of a massive overhaul of its management structure. Former Goldman Sachs banker John Thornton is understood to have been lined up to succeed Green. The firm will break from tradition by making the chairman a non-executive role. The move is part [...]
HSBC chair set to quit bank soon May 23, 2010 STEPHEN Green is set to step down as executive chairman of HSBC as part of a massive overhaul of its management structure. Former Goldman Sachs banker John Thornton is understood to have been lined up to succeed Green. The firm will break from tradition by making the chairman a non-executive role. The move is part [...]
For the Brics, adolescence could prove to be difficult February 16, 2011 WHEN the idea of a Bric fund – an equity fund focused on Brazil, Russia, India and China – first took off in the mid-noughties, they were all the rage with investors. Goldman Sachs predicted 2050 would be the year when the Brics became the world’s leading economies, and today they are heading resolutely in [...]