Breaking news
ALEX BRUMMER: Coronavirus threat could hurt the global economy and trigger more monetary easing By Alex Brummer for the Daily Mail Published: 21:51 BST, 29 January 2020 | Updated: 22:03 BST, 29 January 2020 The chunky £150billion or so wiped off European share prices this week as the threat of the coronavirus loomed into view … Read more
Savers who placed their trust in Neil Woodford’s fund management empire, many on the recommendation of broker Hargreaves Lansdown (HL), now know the scale of the damage done. The wind-up of the better, more liquid part of the portfolio will result in heavy losses. The best that can be expected is the return of 59p … Read more
ALEX BRUMMER: Reasons to be cheerful as Britain bounces back after three years of Brexit uncertainty By Alex Brummer for the Daily Mail Published: 21:51 BST, 24 January 2020 | Updated: 21:51 BST, 24 January 2020 After the sound and fury of the last three-and-a-half years, the Brexit bill became law this week when it … Read more
The recently posted offer document by £30billion mining giant Anglo-American for the purchase of Sirius Minerals reads like any other. The buyer underlines the generosity of its bid noting the big 34.1 per cent premium to the price on the day of the announced deal, and an even bigger uplift of 61.7 per cent if the … Read more
The folly of serial sell-offs: Doing the splits can leave the mother ship vulnerable, says ALEX BRUMMER By Alex Brummer for the Daily Mail Published: 21:51 GMT, 16 January 2020 | Updated: 21:51 GMT, 16 January 2020 At first blush, there looks to be very little in common at FTSE 100 quoted firms ABF, Pearson … Read more
The drumbeat for a cut in interest rates is building, with money markets betting on a reduction as soon as January 30 when the Monetary Policy Committee meets. Some 62 per cent of traders have placed deals which point to a quarter of a percentage point cut in the bank rate to 0.5 per cent. This … Read more
The former chief executive of Persimmon, Jeff Fairburn, and his successor David Jenkinson, will never be able to fully escape the stain of their fat cat bonuses. After a City row over Fairburn’s original payout of more than £100million, it was reduced to £82million (over two years) and Jenkinson received £43.2million. The final insult was … Read more
ALEX BRUMMER: For London’s insurance market the Australian conflagration is a real and present danger By Alex Brummer City Editor For The Daily Mail Published: 23:00 BST, 2 January 2020 | Updated: 08:30 BST, 3 January 2020 Mark Carney has been banging on about climate change since the autumn of 2015. Among sceptics, his speech … Read more
There is a terrific scene at the movie The Big Short, based on Michael Lewis’s brilliant book on the financial crisis, where the director Adam McKay imagines a different ending. Instead of the Wall Street bankers who caused the crash escaping to their luxury Florida villas and yachts, the FBI arrives on the trading floors … Read more
Among the big undeclared losers from overseas takeovers are Britain’s taxpayers. The nation’s research universities, supported by public funds, are the source of dozens of commercial spin-offs, the result of work done in labs and research institutes. When the companies fall into overseas hands, the UK corporate tax base is eroded and the patents and … Read more