UK: FEAR OVER DOT.COMS VOICED BY CBI CHIEF
Article Abstract:
Established businesses in the UK are encountering problems using the stock market to raise cash due to the current mania surrounding so-called dot.com stocks, claimed Confederation of British Industry (CBI) chief, Digby Jones, on 8 March 2000. A number of pharmaceuticals, telecom and Internet stocks are taking the place of stocks in the traditional markets of brewing in the FTSE-100 index. However, Mr Jones believes that investors would be wise not to shun excellent businesses which were not in the FTSE-100 index, saying that making a decision on an investment founded purely on the index may lead to an ideal growth opportunity being missed.
Publication Name: The Independent
Subject: Retail industry
ISSN: 0951-9467
Year: 2000
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UK: FSA WARNING TO HEDGE FUNDS
Article Abstract:
The Financial Services Authority (FSA) chairman warned on 3 May 2000 that direct regulation would be imposed on hedge funds if they did not adhere to new voluntary codes being recommended to ensure that problems on the scale of the Asian crisis do not occur again. Speculative investors will not be allowed to exert their power to impair small economies around the world, Howard Davies warned. Mr Davies also called on the highly leveraged institutions (HLIs) to demonstrate that they were willing to adhere to proposals laid down by the Financial Stability Forum, the international group studying the role of the funds and which is chaired by the FSA chief.
Publication Name: The Independent
Subject: Retail industry
ISSN: 0951-9467
Year: 2000
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UK: PLEA TO TREASURY OVER MFR
Article Abstract:
Minimum funding requirement (MFR) reforms were urged by the Treasury Committee of MPs on 25 May 2000 in order to reduce existing and future gilts market pressures. The MFR is causing growth in demand for long-term gilts among pension funds during a period of diminishing supply. The MPs also want the Treasury to reveal sooner rather than later how gilt issuance will be affected by the GB[pound] 22.5bn gleaned by the third-generation mobile phone licence auction. There has been a decline in the cash generated via gilts by the government over the past three years and supply would shrink further with the money obtained from the auction.
Publication Name: The Independent
Subject: Retail industry
ISSN: 0951-9467
Year: 2000
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