Archive for the ‘Finance’ Category

Fortum launches €8bn takeover offer for Uniper

Tuesday, September 26th, 2017

Finnish group secures agreement of Eon, the German utility’s biggest shareholder and former parent

‘Lower for longer’ oil price era almost over, Trafigura says

Tuesday, September 26th, 2017

Trader warns of oil crunch as rising demand strains supply and Brent nears $60 a barrel

Fortum launches €8bn offer for Uniper after securing Eon’s stake

Tuesday, September 26th, 2017

Picking a fund manager? The odds aren’t great

Tuesday, September 26th, 2017

WHO wants mediocrity? That is what a lot of people say when the subject of index-tracking, or passive fund management, comes up. They would rather choose a fund manager (an active manager in the jargon) who tries to beat the market by picking the best stocks. It does sound like a good idea.

The tricky bit is finding the right manager. The temptation is to look at past performance but fund managers rarely beat the market for long.

The average fund manager is always going to struggle to beat the market (this is a separate argument from whether markets are “efficient”). That is because the index reflects the performance of the average investor before costs. In a world dominated by professional fund managers, there aren’t enough amateurs for the professionals to beat. Even the hedge funds, those supposed “masters of the universe”, haven’t been able to do it; Warren Buffett looks…Continue reading

Picking a fund manager? The odds aren't great

Tuesday, September 26th, 2017

WHO wants mediocrity? That is what a lot of people say when the subject of index-tracking, or passive fund management, comes up. They would rather choose a fund manager (an active manager in the jargon) who tries to beat the market by picking the best stocks. It does sound like a good idea.

The tricky bit is finding the right manager. The temptation is to look at past performance but fund managers rarely beat the market for long.

The average fund manager is always going to struggle to beat the market (this is a separate argument from whether markets are “efficient”). That is because the index reflects the performance of the average investor before costs. In a world dominated by professional fund managers, there aren’t enough amateurs for the professionals to beat. Even the hedge funds, those supposed “masters of the universe”, haven’t been able to do it; Warren Buffett looks set <a…Continue reading

Online auctions of Boeing 747s reflect shifts in the air-travel industry

Tuesday, September 26th, 2017

FOR many aeroplane enthusiasts, buying a Boeing 747 is the stuff of dreams. The “Queen of the Skies” is an icon from the golden age of air travel, a period the 1960s and 1970s when the industry was at its most glamorous. And owning one would be like having a little piece of aviation history.

Last week that dream shifted slightly closer to reality, albeit only for well-heeled fans. Three Boeing 747s went up for auction on Taboo, China’s equivalent of eBay. The seller is a state court in Shenzhen, which seized the planes when Jade Cargo International, an airline, went bust in 2012. At first, state officials tried to flog the planes offline at private auctions. But after six failed attempts, they opened the sale up to public bids. Offers currently range from 122m yuan ($18.5m) to 135m yuan.

This is not the first time one of the planes has been auctioned online. Last year Concord Aerospace, a Florida-based firm which buys and sells plane parts,…Continue reading

Oil nears $60 on Turkey threat to Iraqi Kurdistan exports

Tuesday, September 26th, 2017

Prices bolstered by stronger than expected demand and Opec output reduction

European energy stocks on longest winning streak in 18 months

Tuesday, September 26th, 2017

‘Gift from Mother Nature’: Graff pays $53m for historic diamond

Tuesday, September 26th, 2017

Sasol goes cold on converting gas and coal to liquids

Tuesday, September 26th, 2017

South African company unlikely to push ahead with new $14bn plant in Louisiana

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