Notícies i Política

MoneyWeek Issue 984

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 editor-in-chief...

“Despite anger over high house prices, gains in the 2010s were relatively subdued” I’m spoiled for choice when it comes to topics this week. There’s the market impact of the headline-grabbing coronavirus, but Alex covers that on page 4. There’s Britain’s exit (at last!) from the European Union, which may already have happened (at least, if you’re reading this after 11pm on Friday, Ihope it has). But we’ve covered what’s next – and the investment implications – on page 28. So instead I thought I’d write about everyone’s favourite subject – house prices. What caught my eye this week was a report from Nationwide building society on how UK house prices have fared decade by decade since the 1980s. I have to admit I was surprised by the data. It turns out…

1 min.
loser of the week

Gulnara Karimova, daughter of former Uzbekistan dictator Islam Karimov, is set to lose her vast property empire as anti-corruption investigators attempt to seize her assets, The Times reports. A self-described “poet, mezzo-soprano, designer and exotic Uzbek beauty” – or “the single most hated person” in Uzbekistan, as a US cable described her – Karimova, 47, is accused of extorting more than £661m in bribes while her father was the country’s dictator. The Serious Fraud Office is looking to recover her assets in the UK, including Gorse Hill Manor, a mansion bought for £18m in 2010 that is now estimated to be worth £30m. Her other properties include an £8m home in Mayfair and a £2m apartment in Belgravia. In 2015, an Uzbek court sentenced Karimova to five years in prison for…

1 min.
good week for

In a bid to help local pubs, chancellor Sajid Javid will cut £1,000 from their business rates from April, says Michael Searles in City AM. As many as 18,000 pubs with a rateable value below £100,000 could benefit; those with a rateable value below £51,000 will get the cut on top of the one-third discount they already get. Rich Phillips, 27, from Coventry, managed to get Uber to waive a £606 fare for a journey he never took. After a ten-mile trip in the Midlands he was billed for a journey of four hours and 243 miles from Coventry to Nuneaton and on to London. Uber initially refused to revisit the matter even though Phillips provided CCTV footage showing that he was in a local pub.…

1 min.
bad week for

Criticism by an activist investor has left Barclays investment bankers with a 23% drop in their 2019 bonus pool, as chief executive Jes Staley squeezes pay to meet profitability targets, say Stephen Morris and David Crow in the Financial Times. Activist Edward Bramson, a top-five shareholder in Barclays, called the investment bank “a black box with too much leverage”, accusing it of diluting the returns of the retail and credit card units. Entertainment One, the producer of children’s cartoon Peppa Pig, has reportedly settled a copyright infringement claim brought by the songwriters behind Louise Redknapp’s (pictured) 1996 hit, Naked, says Tom Bryant in the Daily Mirror. The Naked songwriters could net £1m from backdated and future royalties to the offending track, Peppa’s Party Time.…

2 min.
fear goes viral in the markets

“From one food market to global panic”, say Emma Graham-Harrison and Michael Standaert in The Observer. The coronavirus, 2019-nCoV, which is thought to have originated in a seafood market in the Chinese city of Wuhan, has prompted a public health emergency in the world’s second-biggest economy. There are 50 million people in quarantined lockdown. Unhappy New Year News that Hong Kong will suspend cross-border trains and ferries has compounded the market panic. America’s S&P 500 fell by 1.6% on Monday, its biggest one-day drop since October, say Matt Phillips and Katie Robertson in The New York Times. The pan-European Stoxx Europe 600 index fell by 2.3%, with travel companies particularly hard hit. The Hang Seng fell by almost 3% on Wednesday, its first day of trading after the New Year holiday. Mainland…

1 min.
bond party back on – for now

Fear of the coronavirus has sent investors scrambling into safe-haven assets. At $1,582 an ounce, gold recorded its highest price since April 2013 this week. Money managers are also retreating to their habitual comfort zone: government bonds. US ten-year Treasury yields fell to a four-month low of 1.61% this week as prices rose. Germany’s ten-year Bund hit an eight-week low on -0.35%. Last year was a great one for bond investors, says Carla Fried in The New York Times. The yield on ten-year US Treasuries fell from 3.25% in late 2018 to as low as 1.45% last September. The Vanguard Total Bond Market Index gained almost 9%. A mid-year panic that recession was around the corner triggered a rush into the perceived safety of US Treasuries. Three Federal Reserve interest rate…