Societe Generale is offering a warrant giving exposure to nine companies it expects to profit from the World Cup.It has chosen stocks that performed well in the run-up to at least four of the last five major football events since 1996. Stocks held within the warrant include Puma, Heineken, Adidas-Salomon and Danone, which delivered average absolute returns of 14.9 per cent over the last five football events. The warrant will double the return achieved by the stocks through leverage and expires on July 31. To limit potential losses, it expires immediately if the value of the basket falls by 30 per cent. Flow and listed sales specialist Christophe de la Celle says: “The warrant is currently trading at 1,215. It was originally issued at 1,020, which means the basket has performed well, returning 11 per cent so far, so the warrant is up 22 per cent.”
Mifid will result in legalistic and prescriptive rules, despite the FSA’s bid for a more principles based and simplified Cob handbook. This is because the FSA says it will attempt to use Mifid language in the new handbook, published next year, to avoid gold plating.
The National Association of Pension Funds is looking for volunteers to help spread the word about the benefits of pension saving.The NAPF associates and pension guides, as they will be known, are expected to be drawn mainly from recently retired industry professionals or those working part-time.The associates will either work with staff to help during […]
Only half of first-time buyers avoid paying stamp duty despite the threshold being more than doubled over the last two Budgets. The Council of Mortgage Lenders found that 50 per cent of first-time buyers and 80 per cent of all people moving pay stamp duty despite Chancellor Gordon Brown raising the threshold from 60,000 to […]
UCB Home Loans will launch two new exclusive products in partnership with some of its national accounts next week.
Ali Unwin, CTO & Fund Manager, Neptune 2016 was a weak year for technology IPOs – only 13 US venture-backed tech IPOs hit the market, in spite of fairly high public market valuations and investor appetite. Will 2017 be different, asks Neptune CTO & Fund manager Ali Unwin. Click here for article Important Information Investment risks Neptune […]
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A decade ago, I went through the pain of switching utility providers. Deterred by a catalogue of errors, it is only recently, after a house move, that I tried again. I was pleasantly surprised by how easy it was. It has made me think about how complex and expensive it is to switch in financial […]
It has never been more important to encourage saving. But advisers know only too well how challenging the complexities of the UK savings and pensions landscape make it for people. Any trends towards simplification would be welcome, but unfortunately recent developments have moved in the opposite direction. Take Isas, for example. Their simplicity has always […]
The FCA has confirmed it will consider if there needs to be better guidance around when it and the Financial Ombudsman Service can share information ahead of the FOS making its final decision. In a Complaints Commissioner final report, published on its website yesterday, commissioner Antony Townsend invited the FCA and FOS to discuss when […]