Woodford Equity Income Fund’s administrator threatened with legal action as investors face further losses By Daily Mail City & Finance Reporter Published: 21:51 BST, 5 June 2020 | Updated: 21:51 BST, 5 June 2020 The reputation of the firm overseeing Neil Woodford’s failed fund took another battering as investors faced further losses and threatened it … Read more
Let’s say hurrah for £5,000 handbags, handmade Swiss watches and trainers at £630 a pair. Demand for luxury goods was merely put on pause by the pandemic, and has now been rekindled. Or so you would conclude from the rebound in the share prices of companies that make and sell these and other objects of … Read more
PUNT OF THE WEEK: Cloud computing specialist Gamma Communications looks set for a lockdown boost By Daily Mail City & Finance Reporter Published: 21:51 BST, 5 June 2020 | Updated: 21:51 BST, 5 June 2020 In demand: Tech firm Gamma Communications specialises in ‘cloud’ products What is it? Tech firm Gamma Communications specialises in ‘cloud’ products … Read more
The choice of Richard Hughes as next chairman of the Office for Budget Responsibility will be a critical one for the Boris Johnson era. Covid-19 had turned Britain’s budgetary verities on their head. In wartime, extraordinary levels of borrowing and debt are acceptable, as predecessor Robert Chote intelligently pointed out in Commons testimony at the … Read more
Investors in HSBC face backlash over bank’s controversial decision to back China on Hong Kong laws By Lucy White For The Daily Mail Published: 21:51 BST, 5 June 2020 | Updated: 21:51 BST, 5 June 2020 HSBC investors are under fire for their silence over the bank’s decision to back controversial laws imposed by China … Read more
TR PROPERTY INVESTMENT TRUST: Invests both in physical property and shares in firms operating in the industry By Daily Mail City & Finance Reporter Published: 21:51 BST, 5 June 2020 | Updated: 21:51 BST, 5 June 2020 What is it? This trust is a little different from some property funds, as it invests both in physical … Read more
Stock markets around the world soar to three month highs after US unemployment falls By Hugo Duncan for the Daily Mail Published: 21:51 BST, 5 June 2020 | Updated: 21:51 BST, 5 June 2020 Stock markets around the world soared to three month highs as the US jobs market sprang back into life. As President … Read more
Barclays in £1.6bn court showdown: Financier Amanda Staveley to accuse bank of deceit claiming she lost out on fees during the banking crisis By Tom Witherow For The Daily Mail Published: 21:50 BST, 5 June 2020 | Updated: 21:50 BST, 5 June 2020 High-flying financier Amanda Staveley will accuse Barclays bank of deceit at the … Read more
Bentley axes 1,000 jobs – a quarter of its workforce – as UK car industry feels pain of Covid-19 lockdown By Daily Mail City & Finance Reporter Published: 21:50 BST, 5 June 2020 | Updated: 21:50 BST, 5 June 2020 Bentley is cutting a quarter of its workforce – taking job losses in the car … Read more
Regulator puts a stop to pension switch fees amid fears of a mis-selling scandal By Daily Mail City & Finance Reporter Published: 21:50 BST, 5 June 2020 | Updated: 21:50 BST, 5 June 2020 The Financial Conduct Authority has banned lucrative incentives pocketed by financial advisers The City regulator has banned lucrative incentives pocketed by … Read more
The executive chairman of JD Sports has sold £13.3million of shares as part of his ‘family’s financial planning’. Peter Cowgill made the sale of 1.98m shares yesterday at a price of 671.7p. The company insisted the reasons had nothing to do with the performance of the business and that he retained a holding worth £43.5million. … Read more
George Floyd‘s girlfriend who sobbed over his golden casket during his fiery memorial service says they had plans to open a restaurant together called Convict Kitchen – as she reveals the last thing she said to him the day before he died was ‘I love you’. Courteney Ross, 44, was pictured in a somber moment on … Read more
She was the Bachelor franchise’s only black lead in the series – since the series began in 2002. And Rachel Lindsay spoke out about how the franchise needs to change because ‘at this point, it’s embarrassing to be affiliated with it,’ she said in the Friday episode of AfterBuzz TV’s Bachelor A.M. With Kelsey Meyer. … Read more