Crest on test
Article Abstract:
The UK stock exchange has introduced a new electronic system for share settlements called Crest. There is concern that the system may not be fully implemented on schedule in April 1997. The system could also be affected by large volumes of share trading following the flotations of major building societies such as the Halifax later in 1997. Shareholders who retain certificates tend to be charged more by stockbrokers than those who use nominee accounts. Most investors may move away from holding share certificates for cost reasons.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1997
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Equities: the new paradigm or teetering on the edge?
Article Abstract:
The FTSE-100 index has dropped from its peak, but stock prices still appear expensive in terms of PE ratios. The London Stock Exchange PE ratio appears to be linked to macroeconomic factors. High PE ratios may be justified if sustained and rapid economic growth is forecast. The United Kingdom does not appear likely to be moving into a period when interest rates and inflation will be low. The money supply is growing rapidly compared to the US, Germany and Japan. Stock prices could see a correction in the year from Aug 1998.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1998
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