Feb 10
Mind your eye with 3i. That was the hot message beamed to dealing rooms just before the close as shares of the struggling private equity investor rose 4.1p to 196.8p.
Rumours have been rife of late that something is cooking at Europes biggest listed buy-out group, and buyers yesterday were keen to respond to gossip that cash-rich rival Electra Private Equity (11p better at 1675p) could be lining up a knock-out cash offer.
3i continues to trade at a 30pc-plus discount to net asset value. Its shareholders have been dissatisfied for quite some time by the managements strategy.
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Feb 06
IntroductionThe Eurozone crisis has been dominating the headlines for much of the last year. As a result of the escalation of the crisis, issuers of bonds have recently been asking how their euro-denominated bonds might be impacted by the Eurozone crisis, and in particular the departure of one or more Eurozone member states from the currency union. As the answer will depend on the particular circumstances of the transaction and the circumstances of any withdrawal from the euro, such as whether there is a complete break-up of the euro and the type of legislation that is passed to deal with the issue, it is too early to give a definitive answer as we simply do not yet know what will happen.
ScopeThis briefing aims to provide some guidance on the question whether a specific type of bonds which are expressed to be payable in euro will be re-denominated into a new currency.
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Feb 05
Highest budget deficits – Ireland, Japan, UK and US
10 Year Bond Yields
- Greece and Ireland seem to have the relationship you might expect deficit close to 10% of GDP causing bond yields to rise.
- But, in the case of Spain and Portugal, bond yields are high given their relatively modest budget deficit.
- By contrast, UK, US and Japan have very high budget deficits yet they have very low bond yields.
Firstly, as well as looking at annual budget deficit, it is important to also consider total levels of debt. For example,a budget deficit is more of a problem if your debt to GDP ratio is already over 100% of GDP. Bu
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Feb 03
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Jan 27
Since I started this blog in 2007, I’ve spend a lot of time and energy writing about the dangers of irresponsible credit card use. I fought many personal battles with those little pieces of plastic and while I’m still wary (with good reason), credit CAN be used responsibly. In many cases, you may actually be better off paying with credit over debit. There are a lot of ways that credit cards come out on top.
If you sign up for the right card, you can earn anywhere from 1-5% back on your purchases. Best choice in my opinion? The Discover More Card.
Virtually every airline has at least one credit card. Cardholders can rack up frequent flyer miles at varying rates. Many, like the Southwest Airlines Rapid Rewards® Card from Chase offer a substantial signup bonus to get you started on your way to a free airline ticket. The
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Jan 27
Your utility bills are likely to be one of the biggest expenditures you need to think about when setting your household budget, so it is important that you know in advance how you are going to pay them. One option is to set up a direct payment method or subscription, so that the bills are automatically paid at the correct time. This can be something to think about when you are looking for good credit card offers.
For example, if you set up a regular bill payment on your credit card, you can be safe in the knowledge that your payment will never be late. Plus, if you get a credit card that has additional benefits, such as an interest free period or cash back on your expenditure, using your card regularly can help you to access these add-on options. Read more…
Jan 22
The Financial Brand looked at hundreds of bank and credit union videos produced in 2011. Here are 15 of the best. (Please note: This article embeds YouTube videos.)
Financial Institution: DnB, Norway Title: Good Morning Mrs. Clooney
This spot is like a 30-second version of “The Hangover” for women. You wake up in a hotel room. You’ve obviously had a rough night. You look down at this ginormous rock on your ring finger. You’re married? You weren’t yesterday. You pick a wedding dress off the floor. Before you can think “What have I done???” none other than George Clooney steps out of the bathroom for real, in the flesh. “I like your
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