Notícies i Política

MoneyWeek Issue 985

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.

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51 Números

en aquest número

3 min.
from the executive editor...

January’s statistics on new car sales for the UK were pretty dire. New registrations fell by more than 7% on last year. There are lots of reasons for that – shifting rules on emissions, plus fewer people falling out of financing deals (and thus upgrading to new models), saw diesel sales fall by more than a third, while petrol car sales fell by near-10%. But there was one bright spot. Demand for partly or entirely electric vehicles soared. The number of new battery-powered electric vehicles hitting the roads trebled (from a low base), while sales of various hybrid types were up sharply too. Over in the US, shares in Tesla –king of the electric-car makers (for now) – went on an extraordinary run (see page 12). The share price has doubled…

1 min.
lucky escape of the week

Former stockmarket trader Navinder Sarao – nicknamed the “Hound of Hounslow” in an ironic reference to the infamous “Wolf of Wall Street” – has been sentenced to a year of home detention for triggering a brief $1trn stockmarket crash in the US in 2010, say Andy Verity and Eleanor Lawrie in the BBC. Sarao, 42, who has autism, helped to cause the “flash crash” from a bedroom in his parents’ house in west London. In 2015, he was arrested and extradited to the US to face charges. In 2016, he admitted to “spoofing” – using software to manipulate the US stockmarket by rapidly placing, then cancelling orders and profiting from the slower reactions of other algorithms. He also paid back $12.8m in profits from his trading to the US government.…

1 min.
good week for

A week after being refused a mortgage, Samantha McKay won £250,000 playing online bingo — and bought the house outright, says Katie Pearson in the Daily Mirror. McKay, 32, and her partner had been saving for 11 years, but had recently been refused by the bank. “Gobsmacked”, the couple bought a three-bed in Porthcawl, Wales, for £191,000 and a caravan for McKay’s mother for £3,000. Poems rarely pay a poet’s bills, says Elizabeth Blair in NPR. So it’s good news that a $4.5m grant – believed to be the largest-ever donation from a philanthropic institution – has made its way to the Academy of American Poets. The donation from the Andrew W. Mellon Foundation is enough to fund the Academy’s Poets Laureate Fellowship programme for three years. The Foundation was created…

1 min.
bad week for

Britain’s financial regulator has been fined by the pensions watchdog after Financial Conduct Authority (FCA) chairwoman Zahida Manzoor failed to provide enough information to the FCA’s pension scheme’s members in her annual letter, says Ben Martin in The Times. The Pensions Regulator issued the maximum £2,000 penalty. Investors betting against Tesla suffered record losses of $5.8bn in January after the stock hit anew high, says Richard Henderson in the FT. Investors who buy up short positions profit when a stock’s value falls. But the value of those positions has plunged after the recent winning streak of Elon Musk’s (pictured) firm.…

2 min.
feverish markets weigh cost of virus

China’s stockmarket has recorded its biggest daily fall in more than four years. The CSI 300 plunged by 7.9% on Monday, its first day of trading since the coronavirus (2019-nCoV ) outbreak came to dominate international headlines. Hong Kong’s Hang Seng index is down by 6.5% so far this year. The FTSE 100 has fallen 3.5% since the start of January. Gauging the damage to growth The market retreat came as more countries tightened restrictions on travel to China. The US and Australia have banned foreign nationals who have recently visited China, while Russia has closed its border. British Airways was one of several airlines to suspend direct flights to the Middle Kingdom, with some carriers cancelling routes until March. A national holiday has been extended and activity in provinces representing two-thirds of…

1 min.
investors eye new chinese stimulus

Chinese policymakers have announced new measures to contain the fallout from the coronavirus, says Bloomberg News. The People’s Bank of China (PBOC) pumped ¥1.2trn (£130bn) of extra liquidity into money markets on Monday. Banks have been told not to call in loans made to companies in Hubei, the province at the centre of the outbreak. Annualised first-quarter growth could sink as low as 4.5%; in 2019 GDP rose by 6.1%. The new stimulus is limited for now. It is aimed at keeping the financial system running and offering targeted help to affected sectors and regions, say Chang Shu and David Qu of Bloomberg Economics. But once the virus is contained authorities are likely to shift towards a more general push to revive growth. What would a new stimulus look like? Analysts are…