Insights from the UK and beyond
The Extel Survey Awards 2009 are taking place today in Guildhall, London. The survey, which has taken place every year since 1974, captures the views of all sides of the investment community on their counterparts and produces rankings for brokers, quoted companies and individuals.
A record 261,000 votes have been received this year, with around 1,500 fund management firms, 172 brokerage houses and 400 quoted companies taking part.
The Organisation of the Petroleum Exporting Countries agreed on Wednesday to make its deepest output cut ever to counter slumping demand and falling oil prices.Β The output cut has been received with cautious optimism by analysts.
Some say that the price of oil will fall further, while others say $40 a barrel was the lowest it will go.