Friends Provident (FP), the parent company of Friends Provident International, saw net losses of £541m ($1 billion) in 2008; more than five times its 2007 loss of £108m. FP has already cut 10% of its workforce in an effort to reduce costs.
Obviously, those results are not the news investors and portfolio holders are happy to [...]
Posts Tagged ‘2008’
Friends Provident 2008 Results
Berkshire Hathaway Annual Letter for 2008
I just came back from a 3 day week-end and am catching up on work and my reading. This means I haven’t taken the time (yet) to read Warren Buffet’s 2008 letter to Berkshire Hathaway’s shareholder. It sure is on my to-do list and I’m going to tackle it over this week.
One thing for sure, [...]
Economist Article Weekly – Hedge Fund in 2008
With the recent “credit crisis”, many are losing faith in the markets. Should we start panicking and invest in our good safe bonds and blue-chips as in the past, or should we look back on our former presumptions on the financial black-swan of 2007?
This week extract from my Economist reading is time for pruning article. [...]