Notícies i Política

MoneyWeek Issue 979/980

MoneyWeek is a weekly magazine that enables you to become a better-informed, smarter investor and enjoy the rewards of managing your money with confidence. 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.

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51 Números

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

Happy New Decade! Here come the 2020s. What will they hold for investors? We try to go some way to answering that, or at least speculating on the topic, in this special double issue. But it might be more informative to review what investments did well and which did badly in the decade that’s about to come to an end. Any such snapshot is of course flawed. On a rational basis, there’s no reason to look back from the end of the year rather than from the middle, or to choose ten years rather than 12 and ahalf. But as we all know, markets aren’t purely rational, humans have a habit of attaching significance to things like dates and if the end of the year isn’t a good time to reflect,…

1 min.
loser of the week

Cats, the film based on the West-End musical based on the book of poems by T. S. Eliot, is rumoured to have cost £230m to make, says The Guardian. That’s probably an exaggeration – The Sun reckons it cost £72m. But with a cast of big stars including Taylor Swift (pictured), Idris Elba and Judi Dench covered in CGI fur, it probably wasn’t cheap – and whatever it cost, it wasn’t money well spent. The first trailer hit the internet in July. People thought it was creepy. So the studio redid all the effects. Presumably happy with the re-styling, the film opened in cinemas last week – to a near-universal panning. The BBC gave it two stars; The Guardian, which called it a “dreadful hairball of woe”, gave it one…

1 min.
good week for

Dame Vera Lynn has emerged victorious in her legal battle against a gin company that wanted to trademark her name for its product, reports the BBC. Halewood International argued that the name is more commonly known as rhyming slang for the drink than as the name of the 102-year-old “Forces’ Sweetheart”. The court ordered it to pay £1,800 in legal costs. Darts player Fallon Sherrock (pictured) became the first woman to beat a man in a PDC World Championship darts match. Sherrock beat Ted Evetts 3-2 in her first round match at London’s Alexandra Palace, guaranteeing her prize money of at least £15,000 for reaching the last 64. The eventual winner will receive £500,000.…

1 min.
bad week for

Ex-footballer turned TV pundit Danny Murphy has lost his court case against Coutts private bank over atax-avoidance scheme that was ruled illegal by HMRC, reports The Sun. Murphy had borrowed £1m from Coutts to invest in a film scheme run by Ingenious, which promised tax breaks. He argued that Ingenious recruited investors on behalf of Coutts and that the bank was liable for their losses. The court disagreed. Eric Gilmore, co-founder and chief executive of a Silicon Valley start-up, was fired after he racked up expenses of $76,120 at strip clubs over athree-year period, says Bloomberg. Gilmore did not deny the accusations, but sued the company anyway, saying the board hadn’t followed the proper procedures. The two parties have since reached a settlement.…

3 min.
is the bull out of breath?

Stocks soared beyond expectations this year, writes Akane Otani in The Wall Street Journal, and few analysts “believe the longest-ever bull market is on its last legs”. American equities have been in an upswing since March 2009, rising more than 370% over the past decade. Wall Street sets the tone for global markets, with both the S&P 500 and MSCI All-World indices hitting all-time highs this month. Yet after a year of outsize returns, most expect a “far more modest” showing next year. The US earnings cycle turns down The year is ending on a “bullish note”, but closer analysis threatens to “deflate the bubble of optimism”, says John Authers on Bloomberg. US earnings-per-share growth has declined this year. All of the share-price gains have been driven by higher price/earnings ratios; stocks…

1 min.
sweden ditches negative interest rates

Sweden has ended its experiment with negative interest rates. The Sveriges Riksbank, the world’s oldest central bank, has raised the main interest rate from -0.25% back to zero, reports Thelocal.se. The rate had been in negative territory since 2015, but policymakers say that with inflation running at 1.8% in November it is now close enough to the 2% target for a return to zero interest rates. Sweden’s central bank was one of the pioneers in “wielding negative interest rates”, says Paul Hannon in The Wall Street Journal. The eurozone and Japan have since followed suit. Negative rates mean that commercial banks are charged for holding money in accounts at the central bank. That is supposed to encourage them to lend it out to businesses and consumers, promoting greater spending and investment in…