LISTED PRODUCT NEWS September 1, 2010 MEDIA FARING WELL IN ETF LANDSCAPE Investors are ditching food and beverage sector ETFs, instead favouring media stocks, according to the latest ETF landscape survey from BlackRock. It shows that net outflows are now more than $220m year-to-date. The food and beverage sector came out faring worst with net outflows of $163.4m, followed closely by [...]
LISTED PRODUCT NEWS September 1, 2010 MEDIA FARING WELL IN ETF LANDSCAPE Investors are ditching food and beverage sector ETFs, instead favouring media stocks, according to the latest ETF landscape survey from BlackRock. It shows that net outflows are now more than $220m year-to-date. The food and beverage sector came out faring worst with net outflows of $163.4m, followed closely by [...]
… as it’s rebuffed in $1.2bn bid for oil firm Wellstream October 6, 2010 GENERAL ELECTRIC (GE) was spurned in one of its largest recent efforts to build up its industrial businesses, when British oilfield services Wellstream rejected a $1.2bn (£755m) takeover approach. News of Wellstream’s rejection came on the same day GE said it would buy Dresser, a maker of gas engines used to power oil and natural [...]
… as it’s rebuffed in $1.2bn bid for oil firm Wellstream October 6, 2010 GENERAL ELECTRIC (GE) was spurned in one of its largest recent efforts to build up its industrial businesses, when British oilfield services Wellstream rejected a $1.2bn (£755m) takeover approach. News of Wellstream’s rejection came on the same day GE said it would buy Dresser, a maker of gas engines used to power oil and natural [...]
2010’s Christmas book round-up December 1, 2010 BUSINESS AND ECONOMICS CRISIS ECONOMICS BY NOURIEL ROUBINI WITH STEPEHN MIHM Pengiuin, £25 More than just another me-too account of the crisis, Nouriel Roubini – often called Dr Doom for his Cassandra-like prophecies – gives a compelling account of the 2008 meltdown. He provides the lay reader with succinct and clearly written explanations of the [...]
Alan Johnson will be a tough political rival October 10, 2010 THE knives are already out for Alan Johnson, Labour’s new shadow chancellor, who was welcomed by his opposite number with a thinly-veiled jibe. “I haven’t come across him directly because he’s never held any economic portfolio before,” George Osborne said on learning of his appointment. Tory MPs, along with a few Labour ones, are queuing [...]
Houllier back at the helm as Villa chief September 8, 2010 GERARD HOULLIER was last night confirmed as the new manager of Aston Villa after agreeing a three-year deal. The former Liverpool boss was succeed Martin O’Neill, who resigned just five days into the start of the new season following a bust-up with owner Randy Lerner. In six years at Anfield, Houllier, 63, won the Uefa [...]
Wonder night for Spurs as Bale destroys champs Inter November 2, 2010 TOTTENHAM 3 vs INTER MILAN 1 TOTTENHAM manager Harry Redknapp joked that man of the moment Gareth Bale must be on drugs after the winger ran European champions Inter Milan ragged for the second time in a fortnight. Bale utterly terrorised arguably the world’s best right-back, Maicon, laying goals on a plate for Peter Crouch [...]
CITY WELCOMES A DOSE OF FESTIVITY AND OPTIMISM October 28, 2010 “AN EVENING of festivity and optimism” was the way in which our editor Allister Heath introduced City A.M.’s inaugural awards ceremony last night, and the evening did not fail to live up to expectations. After years of gloom-mongering and banker-bashing, what better way to acknowledge the role of the City in bringing the economy back [...]
Centaur profits down 10 per cent but recovery underway September 16, 2010 CENTAUR Media, the specialist magazine publisher behind titles such as The Lawyer and Marketing Week, yesterday reported a 10 per cent drop in pre-tax profit for the full-year to 30 June. The publisher said it had been hurt by a fall in advertising revenue but added that it had returned to growth in the second [...]