Archive for the ‘Investment Companies’ Category

Big job cuts in FS April 19th, 2008

Financial Services, and in particular the Banking sector is likely to experience a bout of significant job cuts that will impact both the London and Worldwide job markets. Earlier this week Merrill Lynch announced that it will cut 4,000 jobs with Citigroup quickly following suit, declaring that it expected to cut around 25,000 posts over the next few months. (more…)

Tags: ,
Posted in Banks, General Finance, Investment Companies, Top Stories | No Comments »



  • Selection from Glossary

    • Warrants
      Warrants give the owner the right, but not the obligation, to buy shares in the issuing company at a future date for a predetermined price. The price of a warrant is linked to the underlying share, and will rise and fall in line with the share price, although due to the level of gearing, with greater volatility. Warrants do not have any voting or dividend rights. If the share price is above the exercise price, the warrant will be exercised i.e. the shares will be purchased and a profit made. If the share price is below the exercise price or you are ‘out of the money', the warrant is worthless.