How to Read the Financial Pages

A Simple Guide to the Way Money Works and the Jargon

By: Michael Brett

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Product code: 11054
ISBN: 0712662596
428 pages
Format: Pb
Published by: Random House, 2003, 5th edition

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How to Read the Financial Pages - front page cover image

Description of How to Read the Financial Pages

An updated edition of the business bestseller written for the layman - which City firms buy as well.

- What are stock markets, currency markets, commodities markets? How do they operate?

- What are derivatives, and why is the financial world getting steamed up about them? Could they cause a financial system crash?

- What is meant by insider dealing? Why is it illegal?

- Who are the main players in the world of money? What do stock brokers, market makers, merchant bankers and underwriters do?

- What sparked the boardroom pay and perks explosion? Are shareholders benefiting too?

Stripping away the mystique from the world of investment and finance, How to Read the Financial Pages is a layman's guide to reading and understanding the financial press and the markets and events it covers. Assuming no financial knowledge, Michael Brett provides a valuable explanation of the workings of the financial world - from money markets to commodity markets, privatisation to takeover bids. With an extensive glossary of financial terms - what is a traded option, a leveraged buy out or a hedge fund? - this book will help you through the financial columns to a better comprehension of the language of markets and money.

This new 5th edition is comprehensively revised and updated.

How to Read the Financial Pages - Chapter headings

Introduction

1. First principles

2. Money flows and the money men

3. Companies and their accounts

4. The investment ratios

5. Refining the figurework

6. Equities and the Stock Exchange

7. What moves share prices?
a: In 'normal' times
b: In the crash of '87

8. Stockmarket launches

9. Issuing more shares - and buying shares back

10. Bidders, victims and lawmakers

11. Venture Capital and Leveraged Buy-outs

12. Pay, perks and reverse capitalism

13. Government bonds and company bonds

14. Banks, borrowers and bad debts

15. The money markets

16. Foreign exchange and the Euro

17. International Money: the euromarkets

18. Financial derivatives and commodities

19. Insurance and Lloyd's after the troubles

20. Commercial property and market crashes

21. Savings, pooled investments and tax shelters

22. Supervising the City

23. Print and the internet: the financial pages

Tailpiece: How to read between the lines

Glossary and index