Hints and tips:
...This time, that index, which now includes larger biotechs, has fallen 28 per cent from its peak in early September last year, and the S&P XBI, of smaller companies, has fallen 41 per cent since last November...
...The S&P 500 share index traded flat in early dealings after losing 1.8 per cent on Thursday as markets priced in rapid US interest rate rises that analysts said might slow the growth of the world’s largest...
...The S&P 500 share index slipped 1.9 per cent, having traded flat in early dealings....
...Geraldine O’Keeffe, a partner at healthcare investment firm LSP, said biotech shares had been hit by a “complete bloodbath across the board”....
...The weighty presence of tech and healthcare in the S&P 500 contrasts starkly with other global markets....
...In 2020, for example, the CFA Institute, the association for investment management professionals, estimated the cost of short-termism to S&P 500 companies at $79bn a year in forgone earnings....
...The Stoxx 600 has delivered a total return of 16 per cent this year, while the S&P 500 has returned almost 20 per cent. At first glance there are plenty of good reasons for why they are doing so well....
...Nelson Peltz: A Battle for the Future of Big Brands (WSJ) P&G vs....
...Few of the 160 wooden shelters built by local engineer F.P....
...FT BOOKS To buy any of the books reviewed in this issue at 20 per cent discount, plus p&p, call the FT ordering service on 0870 429 5884 or go to www.ft.com/bookshop CYRANO by Geraldine McCaughrean Oxford...
...Andrew Grant’s financial PR firm is advising Singapore’s PSA, the new potential bidder for P&O. It has also been hired by Severn Trent, replacing Grant’s old employer, Brunswick....
...Demos Phaidon ₤39.95, 352 pages Does for photography what Phaidon’s Vitamin P did for painting and Vitamin D for drawing....
...Rubin, Member, Office of the Chairman, Citigroup Kevin P....
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