Danone stays on track despite falling Chinese birth rate and Moroccan protests April 17, 2019 Evian-owner Danone confirmed its outlook for 2019 this morning as the firm said it was investing in products that cater to alternative diets. Danone, which is the world’s largest yoghurt maker, said it was pouring cash into growing segments of the yoghurt market including plant-based, probiotic and low-sugar alternatives. Read more: Danone hit by Morocco consumer [...]
Brexit to place ‘considerable demands’ on City watchdog the FCA April 17, 2019 Brexit will continue to place “considerable demands” on the City watchdog, it said today as the regulator unveiled its plan for the coming year. The Financial Conduct Authority (FCA) unveiled its business plan for 2019-20 and said Britain’s departure from the EU would continue to dominate its attention. Read more: Government provides £200m for small [...]
Climate change protesters threaten to disrupt London Tube to cause chaos for commuters April 17, 2019 Climate change activists vowed to target London’s Tube services today as part of a protest that has led to 300 arrests across the capital. Read more: Climate protesters attack Shell HQ as London blockades continue Extinction Rebellion protesters plan to disrupt the London Underground and London bus services today after bringing traffic to a standstill [...]
The socialism delusion ensures the survival of this toxic ideology April 17, 2019 Soscialism was declared dead after the collapse of the Soviet Union and the eastern bloc states in the early 1990s. Now, it is experiencing a renaissance in many western countries. Jeremy Corbyn proudly describes himself as a socialist. John McDonnell embraces Marxism as being, as he put it at a 200th birthday celebration for Karl [...]
Extraordinary? It’s business as usual in Trump’s White House April 17, 2019 Donald Trump is probably the most extraordinary individual to ever be President of the United States. But his presidency is actually rather ordinary. This is not to argue that Trump is an ordinary President – far from it. In almost everything he says and does, how he projects himself in speeches, tweets and meetings with [...]
DEBATE: Does Alibaba boss Jack Ma deserve the criticism for backing the ‘996’ working week? April 17, 2019 Does Alibaba boss Jack Ma deserve the criticism for backing the ‘996’ working week? Becci Gould, associate director at Kin&Co, says YES. I would challenge Jack Ma’s backing of working from 9am to 9pm, six days a week, not just from a mental health standpoint, but also from a business performance perspective. According to the [...]
Britain is more optimistic about Brexit than gloomy economic forecasts suggest April 17, 2019 The International Monetary Fund (IMF) is up to its usual tricks. Last week, it predicted a two-year recession in the UK in the event of a no-deal Brexit. Even in the main forecast, involving a mild Brexit, GDP was projected to grow by only 1.2 per cent this year and 1.4 per cent in 2020. These [...]
Scandal-hit Gam funds to be liquidated this summer April 17, 2019 Embattled Swiss asset manager Gam Investments reported net outflows in the first quarter as it confirmed that the liquidation of funds connected to a scandal at the firm would be completed this summer. Net outflows were SFr 2.1bn (£1.6bn) in the first three months of the year, while assets under management increased from SFr 132.2bn [...]
Quilter assets under management increase despite market challenges April 17, 2019 Wealth management firm Quilter announced that assets under management rose 5.1 per cent in the first three months of 2019 despite a “challenging” market environment. Assets under management jumped from £109.3bn at the end of December last year to £114.9bn at the end of March 2019, the company announced in a first quarter update this [...]
The fault in default funds: Why you might not be getting the most out of your workplace pension scheme April 17, 2019 There is no denying that auto-enrolment is paving the way for the British population to have a half-decent savings pot in retirement. According to recent figures from the Office for National Statistics, 76 per cent of UK employees were members of a workplace pension scheme in 2018, up slightly from the 73 per cent enrolled [...]