Notícies i Política

MoneyWeek Issue 981

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.

United Kingdom
Dennis Publishing UK
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51 Números

en aquest número

3 min.
from the executive editor...

“It’s quite possible that by the end of 2020 we’ll have forgotten Iran. Remember North Korea?” It’s the start of another year and once again politics looms large in the minds of investors. At this point in 2019, it was “hard Brexit” (not to mention the spectre of a Jeremy Corbyn-led Labour government). This year, it’s an escalation in the temperature of the conflict between Iran and the US. We look at what the latter could mean for markets and investors on page 4 (we also look at the political fallout on page 13 and delve into the workings of Iran’s economy on page 16). It’s worth remembering that geopolitics often doesn’t have the market impact that people fear. It’s easy to overreact, particularly when headline-writers have an incentive to grab our…

1 min.
good week for:

Fortnite was the highest-earning video game of 2019, despite a 25% fall in revenue from 2018. The first-person-shooter brought in $1.8bn. The total revenue of “free to play” games – which make money by selling in-game items to players – rose by 6% to $87.1bn, says Digital Trends. Scottish singer Lewis Capaldi (pictured) was the UK’s biggest-selling musician of 2019, reports the BBC. His single Someone You Love was streamed (played online) 228 million times and his album sold 640,000 copies across all formats, with 250,000 physical copies – either CD or vinyl –sold. The UK charts are now calculated as a combination of streaming, downloading and physical sales, with 600 streams being equivalent to one download.…

5 min.
threat of war shakes the world

It took just three days of 2020 for optimistic financial markets to run into “harsh reality”, says The Financial Times. Equities had made impressive gains in 2019, with the US S&P 500 index rising by more than a quarter and Britain’s FTSE 100 climbing by 12%. Investors were looking forward to more. But America’s assassination of Qasem Soleimani, a key Iranian general, prompted “a reassessment of risk” and sent investors scurrying into safe-haven assets. After Iran’s retaliatory strike on USairbases in Iraq on Wednesday there were growing fears that a series of tit-for-tat strikes could spin out of control, ultimately causing a war between Washington and Tehran. Markets reassess the outlook Oil prices rose 4% following the US attack, eclipsing $70 per barrel on Monday before falling back; a 1.5% bounce, which also…

1 min.
golden days for the yellow metal

“These are golden days for gold,” writes Arthur Sullivan for Deutsche Welle. Renewed global uncertainty helped the yellow metal to a seven-year high this week in dollar terms, with the price climbing to around $1,600 an ounce. In sterling terms, that is more than £1,195 per ounce. Gold gained 20% in dollar terms last year. Geopolitical risks make this traditional safe haven look appealing, while macroeconomic factors also bode well for the yellow metal, says Elliot Smith on CNBC. Persistently negative interest rates on major government bonds have reduced the opportunity cost of holding gold, an asset that also pays no income. The price is also likely to be supported by ongoing central bank purchases, as the likes of Turkey, Russia and China look to reduce their reliance on the US…

1 min.
ex-nissan boss flees japan

Japanese prosecutors are outwardly furious that former Nissan boss Carlos Ghosn (pictured), who was awaiting trial on charges of financial misconduct, “skipped a $9m bail bond and popped up in Lebanon”, says Pete Sweeney for Breakingviews. But privately they are likely to celebrate that Ghosn’s escape brings to an end “a mutually embarrassing diplomatic affair”. The case has “stung” diplomatic relations between Japan and France, which see both Nissan and Renault “as important components of industrial strategy”. With Ghosn out of reach of Japan’s authorities the controversy can now be put to rest, and everyone “can get back to work”. Before his arrest Ghosn “was chairman of the world’s second-biggest carmaker – the Renault-Nissan-Mitsubishi alliance – and had helped rescue Nissan from failure in 1999”, says Jasper Jolly in The Guardian. Without…

11 min.
... and what they’ve picked for the year ahead

Shares Begbies Traynor, the UK’s largest insolvency practitioner by volume, derives two-thirds of its revenue from countercyclical activities. That makes it a valuable hedge against a weak economy, but a 29% jump in profits in the six months to the end of October shows that it doesn’t need a recession to perform well (88p). Anet 20% of households switched to British Gas in November thanks to a focus on cheaper tariffs, which may herald the start of a turnaround for owner Centrica. In any case, on a2020 price/earnings ratio of 9.5 the shares look so “beaten up” that the risk-reward ratio is favourable (90.5p). Premium chocolatier Hotel Chocolat is delivering “tasty growth” in its digital operations and is preparing to take a bite out of the huge US and Japanese gifting…