Man Group buys GNI for £100m

Outlook: Liffe/CME

WHEN IS an alliance not an alliance? When it is a strategic partnership. In announcing yesterday's link-up with the Chicago Mercantile Exchange, Brian Williamson, the chairman of Liffe, London's embattled futures exchange, knew full well that it would be construed in some quarters as a panic reaction to the Chicago Board of Trade's link-up with Liffe's arch-rival Eurex.

Keep your options open

In the terrifying world of derivative speculation, there is a safety net.

HOW WARRANTS WORK

Warrants are the right to buy ordinary shares at a fixed price on fixed dates. Warrants generally command a premium over the ordinary share price, showing how much this has to rise to make the warrants worth exercising.

Rogue London trader loses $8m

A FAILED $8m bet by a City of London dealer caused the collapse of a long-standing United States financial institution, it emerged yesterday.

City's foreign banks lost pounds 2.5bn in turmoil

FOREIGN BANKS and securities dealers based in London racked up losses totalling pounds 2.5bn following autumn's turmoil in the financial markets, according to official figures released yesterday, writes Lea Paterson.

Slowdown hits chemicals sales

SHARES IN Albright & Wilson, the specialty chemicals group, fell 10 per cent to a low of 97.5p yesterday after the company reported a 9 per cent fall in pre-tax profits to pounds 27.7m for the six months to 30 June.

Croda expands

Croda expands

Book Review: Something absurd in the City

Thanks to the collapse of Barings Bank, just about everybody has heard of "derivatives", the often exotically named financial instruments that get their name from the fact that they are "derived" from underlying assets, such as shares, bonds, commodities and currencies.

We must adopt US rules, says struggling standards committee

The International Accounting Standards Committee, with its tiny staff and modest offices in London's Fleet Street, has long been seen as a peripheral body. However, last month its secretary-general, the former director-general of fair trading Sir Bryan Carsberg, made a significant announcement. The IASC plans to adopt US guidelines on derivatives and other financial instruments as an interim measure while it works with national standard-setters on a harmonised standard.

SFA expels two former Dillon Read men

Two former employees of Dillon Read Securities, including a compliance officer who tricked his employer into paying for part of his house extension, have been expelled from the Securities and Futures Authority's register of managers.

Their profits are yours too

Alex Kiam explains what financial institutions really do with all the money we invest with them
Latest stories from i100
SPONSORED FEATURES
Career Services

Day In a Page

A
Independent Travel
Pompeii, Capri & the Bay of Naples
Seven Cities of Italy
Burgundy, the River Rhone & Provence
Prague, Budapest and Vienna
Lake Garda
Minoan Crete and Santorini
Prices correct as of 15 May 2015
A groundbreaking study of 'Britain's Atlantis' long buried at the bottom of the North Sea could revolutionise how we see our prehistoric past

Britain's Atlantis

Scientific study beneath North Sea could revolutionise how we see the past
The Queen has 'done and said nothing that anybody will remember,' says Starkey

The Queen has 'done and said nothing that anybody will remember'

David Starkey's assessment
Oliver Sacks said his life has been 'an enormous privilege and adventure'

'An enormous privilege and adventure'

Oliver Sacks writing about his life
'Gibraltar is British, and it is going to stay British forever'

'Gibraltar is British, and it is going to stay British forever'

The Rock's Chief Minister hits back at Spanish government's 'lies'
Britain is still addicted to 'dirty coal'

Britain still addicted to 'dirty' coal

Biggest energy suppliers are more dependent on fossil fuel than a decade ago
Orthorexia nervosa: How becoming obsessed with healthy eating can lead to malnutrition

Orthorexia nervosa

How becoming obsessed with healthy eating can lead to malnutrition
Lady Chatterley is not obscene, says TV director

Lady Chatterley’s Lover

Director Jed Mercurio on why DH Lawrence's novel 'is not an obscene story'
Farmers in tropical forests are training ants to kill off bigger pests

Set a pest to catch a pest

Farmers in tropical forests are training ants to kill off bigger pests
Mexico: A culture that celebrates darkness as an essential part of life

The dark side of Mexico

A culture that celebrates darkness as an essential part of life
Being sexually assaulted was not your fault, Chrissie Hynde. Don't tell other victims it was theirs

Being sexually assaulted was not your fault, Chrissie Hynde

Please don't tell other victims it was theirs
A nap a day could save your life - and here's why

A nap a day could save your life

A midday nap is 'associated with reduced blood pressure'
If men are so obsessed by sex, why do they clam up when confronted with the grisly realities?

If men are so obsessed by sex...

...why do they clam up when confronted with the grisly realities?
The comedy titans of Avalon on their attempt to save BBC3

Jon Thoday and Richard Allen-Turner

The comedy titans of Avalon on their attempt to save BBC3
The bathing machine is back... but with a difference

Rolling in the deep

The bathing machine is back but with a difference
Part-privatised tests, new age limits, driverless cars: Tories plot motoring revolution

Conservatives plot a motoring revolution

Draft report reveals biggest reform to regulations since driving test introduced in 1935