Notícies i Política
MoneyWeek

MoneyWeek Issue 953

There's a reason MoneyWeek is Britain's best-selling financial magazine. We exist to help you ground your portfolio so that it keeps your money safe during rough patches and growing in the good times. We don't just look at how to maximise your returns and limit your losses, we also like to look at how you can keep more of the money you've made. Week-in, week-out we'll guide you through the financial world as it changes, alerting you to all the opportunities to profit and dangers to avoid, as they appear. Income strategies, rising-star companies, the best funds and trusts, clever ways to preserve your wealth during market turmoil... you will get the best ideas from the sharpest financial minds and investing professionals in Britain.

País:
United Kingdom
Idioma:
English
Editor:
Dennis Publishing UK
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51 Números

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3 min.
from the editor-in-chief...

“When a company such as Facebook calls to be regulated, we should count our spoons” I went to watch one of the graduation ceremonies in St Andrews earlier this week. It’s a superb university. The traditions were fabulous: every student becomes a graduate at the moment of being tapped on the head with a cap that might or might not be made from the seat of John Knox’s breeches. The academics were charming. There was however, as is always the way in a scene of British perfection, a tiny underlying tension: gowngate. Like most universities, St Andrews has an official supplier of its gowns. Like many others it has been challenged by an upstart selling cheaper ones. St Andrews reckons Churchill Gowns, an Australian website, is guilty of pretending theirs are both…

2 min.
injustice of the week

While cycling home from work in 2015, Robert Hazeldean collided with Gemma Brushett, who had walked out in front of him while looking at her phone. Both were knocked unconscious, with Brushett suffering a minor head injury; she sued for damages. Hazeldean represented himself in court and, crucially, failed to put in a counter-claim as he didn’t like “claim culture”. It was an expensive mistake. Last week the judge found that both parties were equally at fault, and ordered Hazeldean to pay Brushett £4,161.79 in damages. Not only that, he would be liable for Brushett’s costs of around £100,000 – an amount Hazeldean says is likely to bankrupt him. An online campaign to raise funds has so far raised £57,000, achieving more than double the original £21,300 “goal”. Good week for: Visitors…

5 min.
gold is poised for a new bull market

For an asset often dismissed as a “barbarous relic”, gold is doing pretty well, says Randall Forsyth in Barron’s. It has hit a six-year high, breaching the $1,400 an ounce level not seen since August 2013. This marks a breakout from a trading range it has been stuck in since 2013, when it had fallen back from the record peak above $1,900 it reached in 2011. What’s more, because the dollar has been strong in recent years, gold is looking even better when priced in other currencies. Trading around £1,127 early this week, gold is now within striking distance of its £1,178 per ounce sterling all-time high. As Charlie Morris of Halkin Services notes, it has now made all-time highs in Australian dollars – reaching A$2,000 an ounce this week –…

1 min.
head east for income growth

“It isn’t just the sun that rises in the east”, says Ian Cowie in The Sunday Times. Dividend payouts are also on the up. Asia was once characterised by stingy yields, says Daniel Leussink on Reuters. Yet the median percentage of company earnings paid out in dividends rose to 33% in Asia-Pacific at the end of last year, comparable to the 34% ratio in the US and above Europe’s 27%. Many companies in Asia have become more mature, so cash generation and distributions are on the rise, Mike Kerley of the Henderson Far East Income trust told Cowie. Dividend payments in the region have grown by 221% over the past decade, far greater than the global average of 120% and Britain’s 89%. The top contributors to that growth have been South…

1 min.
viewpoint

“If the tech giants were normal firms they would be delivering dividends into my pension fund… They aren’t… The five FAANGs have collectively paid out just £47.8bn since 2014, all from Apple, on a combined market cap of £2.4trn. Russ Mould at AJ Bell says: ‘That is barely half the £91bn that the FTSE 100 is forecast by analysts to pay out this year alone. In addition, the five firms expected to be the biggest dividend payers in cash terms — BP, BAT, HSBC, GlaxoSmithKline and Shell — have paid dividends with a value of £151bn since 2014’... the big tech firms do run share buy-backs... but that’s of little help if you are seeking income. There is already a £1trn funding deficit in public sector pensions. The pension deficit…

2 min.
“fresh madness” in bonds

Reading financial markets is sometimes as frustrating as trying to divine the future from tea leaves, writes Eshe Nelson in Quartz. Not this time. Plunging bond yields are sending an unambiguous distress call as investors fret about everything from a weaker global economy and the trade war to Middle Eastern geopolitics and low inflation. The amount of negative-yielding corporate and government debt surpassed $13trn last week, a new record, eclipsing the previous high of in mid-2016. Many market commentators predicted then that a secular bull market in bonds that started in 1982 had run its course. Yet negative yields are back with a vengeance. John Ainger on Bloomberg notes that Germany’s entire $850bn bond market looks poised to yield nothing at all. Yields on the country’s ten-year government bond are at…