News & Media
Market update
What a traumatic period we are going through! It seems that Angela Merkel will take the eurozone to the brink . She has spoken in favour of a fiscal union in recent weeks, so maybe this will eventually allow her to agree to Eurobonds. Fear ...
Recent results from De la Rue, Mitie and ICAP
De la Rue's shares have outperformed substantially over the last year. In its interim results it said it was benefiting from a contract to print money for South Sudan, the world's newest country. Following the problems last year with produ ...
Economic and Market Overview
Paul Wharton spoke at a lunch for our clients on 17 November, and said that 9-10% growth rates are continuing in China in India, but emerging market inflation rates show little sign of moderating. In the US, the Chicago PMI (Purchasing Man ...
Chemring profits warning
Shares in the military equipment maker fell sharply when it warned on profits because of an unexpected delay to a contract. The overall backdrop is one of reduced defence spending, as part of debt reduction in a number of countries. The ...
Swap-based ETFs riskier than physical ETFs
Swap-based exchange traded funds (ETFs) use investor cash to create collateral. It offers the return earned from the collateral to a counterparty, in exchange for a payment equal to the return on the securities that it wishes to track. ...
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