Hints and tips:
...Even if you still want to take a punt on active management in a bid to beat the stock market, you’re likely to be holding a decent chunk of your portfolio in trackers....
...(the holding company of BLP), and Tom will sit with me on the fifth floor and help me analyze and set priorities....
...Housebuilder Berkeley has faced shareholder rebellions over the reappointment of Adrian Li, a non-executive director targeted for holding too many directorships or so-called overboarding....
Schroders’ CEO, Peter Harrison, is the new chairman of the IA, the UK trade body
...No danger of that with the IA’s report on executive pay. Damp flannel rather than a chastising whip is levelled at fat cats....
...Liontrust’s global income fund had previously sat in the IA UK Equity Income sector, hence its greater weighting to the UK....
...Charity begins at work Interdealer broker BGC is holding its annual charity day. This splendid event commemorates lives lost in terrorist attacks on the World Trade Center in 2001....
...From their June 16 note — first, a translation of the assets and liabilities which banks are holding at amortised cost into fair value (Click chart to enlarge): Figure 5 shows that, if banks were to measure...
...“The current IAS 19 accounting requirement usually flatters the earnings of companies with large pension schemes,” said Neil Dawson, an analyst at Citi....
...Tech news from around the web: Social shopping site Groupon has launched ‘Reserve’ – a select premium service, according to PC Mag....
...Whilst existing member state market yields are higher than the coupon under the scheme, investors holding the partial protection certificate will enjoy a degree of credit protection provided by EFSF bond...
...Now, even with that IAS paragraph and the IDW statement, some banks will inevitably argue that their Greek holdings aren’t impaired....
...Related links: Banks don’t just have an asset problem… - FT Alphaville A smooth IASB and an impairment change – FT Alphaville Good news for banks, IAS 39 edition – FT Alphaville...
...The latest revised bids from GIP and MAG have fallen more than £200m short of the target, however, in the range of £1.36-£1.4bn....
...Both GIP and Citi have held abortive talks with the MAG/Borealis team about joining forces to present a single common bid....
...MAG, which is owned by the 10 local authorities of Greater Manchester, has teamed up with Borealis, the Canadian infrastructure fund, which will be lead equity investor, and the Greater Manchester Pension...
...HBOS is the UK’s biggest savings institition ia seen by analysts as too important to the health of the financial system to run into difficulty....
...“In the past quarter alone, IA’s client base has grown by 25 per cent,” the company says in a statement....
...However, underlying operating profits, stripping out the effects of IAS 39 accounting of forward power sales, rose from £773m to £905m. Basic earnings per share rose from 22.4p to 27.1p....
...The fusion of the GMG assets, Emap’s B2B magazines and Apax’s Incisive Media magazines will see the Guardian’s famously liberal women’s pages under the same ultimate ownership as the not-very PC lads’ mag...
...A three-way split – consumer mags, radio and business – also makes some sense....
...It must be only a matter of time before IAS 16 turns into a plot line. Bond villains have been driven by less dastardly motives....
...- While three hedge fund “titans” took home more than $1bn last year – with the top 25 earners, ranked by Alpha magazine, raking in more than $14bn, the mag also has a nifty little function that allows...
...Mike Matthew, former head of magazine group IPC, in keeping with IPC’s men’s mag Loaded, puts it a little less elegantly: “She is the blonde bombshell with brass balls.”...
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