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MoneyWeek

MoneyWeek Issue 986

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

En aquest número

3 min.
from the executive editor...

“You might think that ‘green’ investing is trendy nonsense – but that’s irrelevant” MoneyWeek has a bit of a hippy feel to it this issue. We’ve got veganism on the cover (see page 24) and houseboats in the property spread (see page 36). We’re not the only ones. A week after Boris Johnson decided that new petrol and diesel cars will be banned in Britain from 2035 (see page 14), this week transport secretary Grant Shapps suggested it might even start in 2032. The dismayed reaction from car manufacturers tells you all you need to know about why investors need to pay attention to this stuff. Change is afoot. You might be on board with every “green” sentiment going, or you might think that a lot of it is trendy nonsense –…

1 min.
downfall of the week

“Embattled Indian tycoon” Anil Ambani has pleaded poverty after he was ordered to pay $100m as a deposit amid a dispute with a consortium of creditors, says Jonathan Browning on Bloomberg. Ambani said the value of his investments had “collapsed”, and that his “net worth [was] zero”. The lawsuit was filed by three Chinese banks looking to reclaim loans worth $925m made to Ambani’s telecoms company Reliance Communications in 2012, which they say he personally guaranteed. Ambani, whose brother Mukesh Ambani is Asia’s wealthiest man (worth $56.5bn), says he never gave such a guarantee, and that he had seen his personal fortune “dwindle” after Reliance Communications filed for bankruptcy last year. Yet the judge said that Ambani has “clearly got more assets and income than he’s letting on” and said…

1 min.
good week for

Having made history by becoming the first foreign-language film to take the best film prize at the Oscars, Parasite’s revenue is set to skyrocket, says Travis Clark in Business Insider. The South Korean film made $35m in the US, but industry estimates expect that to rise to $45m following the Academy Awards. Worldwide revenue stands at $160m, adds Kelly Kasulis in Al Jazeera. Director Bong Joon-ho (pictured) made the film on an $11m budget. Not all isbleak on the high street as homeware chain Dunelm has upgraded its expectations for annual profits after reporting strong first-half results, says Martin Strydom in The Times. Full-year pre-tax profits are set to come in at between £135m and £137m, said chief executive Nick Wilkinson, a little above “the top of the latest range of…

1 min.
bad week for

France’s consumer watchdog served Apple with a £21m fine for intentionally slowing down old iPhone models, says Jeff Parsons in Metro. The US tech giant was accused of launching a software update in 2017 that could “slow down the functioning of the iPhone 6, SE, and 7”. Unable to revert to the previous version of the operating system, many felt forced to buy a new phone. In 2017, Apple acknowledged that it did slow down some ageing models, but only to improve battery performance. A seafood salesman was found guilty on six counts after smuggling more than £53m worth of endangered eels out of the UK, says Jemma Carr in the Daily Mail. Gilbert Khoo, 66, transported more than five million critically endangered elvers from London to Hong Kong hidden underneath…

2 min.
stocks shrug off the coronavirus

“It’s still far from business as usual in the world’s second-largest economy,” says Michelle Toh on CNN. Three weeks after the coronavirus outbreak prompted the closure of factories, offices and schools in China, emergency public holiday extensions are coming to an end. Some factories have reopened with strict screening precautions and many businesses are encouraging employees to work from home. Yet others have extended leave for another week and in Hubei, the province at the centre of the outbreak, “life remains mostly at a standstill”. A global growth hit Investors have shrugged off the ongoing disruption caused by the virus. Global equities rose by 3.1% last week and have regained the bulk of coronavirus losses, notes Rupert Thompson of wealth manager Kingswood. American stocks enjoyed their best weekly gain since last June. The S&P…

1 min.
is hong kong a failed state?

Hong Kong is starting to resemble a “failed state”, says Clara Ferreira Marques on Bloomberg. There is “palpable anxiety” in the coronavirus-hit city, where a bungled official response, shortages of masks and toilet-paper panics remind me of Russia during the “chaotic summer of 1998”. A failing state is one that cannot protect its citizens, provide basic services and command the trust of its people. With the city reeling from anti-government protests, it “is ticking most of those boxes”. The city is failing to provide the safety and stability that a global financial centre needs. The contrast with Singapore is stark: the prognosis for Hong Kong’s “future as a financial hub looks poor”. Last year’s protests and a sharp decline in tourism had already pushed Hong Kong into recession, with GDP contracting 2.9%…