http://gmpsiaprec.blogspot.com.au/2013/12/capital-stewards-unison-latest-additions.html
Robo-trading:
the superfast stockbroking strategy that affects our funds
Advocates of HFT argue that it provides additional liquidity and so narrows
the gap between buying and selling prices. Yet when market conditions turn
adverse, HFT firms can switch off their robo-traders and then liquidity
vanishes – as we saw in the “flash crash†of 6 May 2010, when the US
market fell by 9 per cent in minutes.
Barclays
assisting with investigation into currency market manipulation
Barclays has become caught up in the new investigation by global regulators
into the potential manipulation of the £3tn-a-day currency markets, in the
latest setback for bank as it attempts to clean up in its reputation in the
wake of the Libor rigging scandal.
Share Action launch
Green Light Campaign
The Green Light campaign encourages pension providers to embed
climate-awareness into their investment decisions, into dialogue with companies
and into policy advocacy.
Rupert
Murdoch’s executives fear disaster over secret recording
Media mogul Rupert Murdoch’s lieutenants fear that Exaro’s exposure of
the secret recording of him threatens the future of his entire empire.
Government
may cap management charges for private pensions
Britain may cap management fees charged by the private pension funds into
which millions of workers are being automatically enrolled
UK: Takeover Code - new
edition applied
A new edition of the City Code on Takeovers and Mergers comes into force on
the 30th September.
$3trn
investor coalition writes to 40 energy companies on stranded asset risk
Seventy global investors representing $3trn (€2.17trn) in assets have
written to 40 oil, gas and coal companies asking them to review their exposure
to carbon asset risk and outline their plans for managing them.
Shake-up on
charges made by UK asset managers
Britain’s financial watchdog will on Wednesday pledge a shake-up of the opaque way asset managers pass costs on to their clients after it uncovered “inherent flaws†in the existing system.
Advice from Colin Meech - UNISON c.meech@unison.co.uk
