Asset manager H20 says redemptions are falling after it was hit by a wave of outflows June 26, 2019 Under fire asset management firm H20 said today that there had been “substantial inflows” of funds in recent days and redemptions had fallen to five times less than they were at their peak last Friday. The firm had been hit by a wave of clients withdrawing their money after the Financial Times last week questioned [...]
Hong Kong horse racing betting tips: Punters should put faith in Godspeed for Ho and Hall June 26, 2019 FORMER Hong Kong champion apprentice Vincent Ho looks set for an afternoon to remember at Happy Valley. The talented 29-year-old has already surpassed his best ever total of winners in the territory with 52 victories and rode his third local Group winner on Sunday, when partnering Rise High in the Group Three Premier Plate at [...]
Hong Kong horse racing betting tips: Bullish Brother set to Cruz to victory at Valley June 26, 2019 HONG Kong racing returns to Happy Valley this afternoon after a week of respite to allow the grass to grow. Local racing fans weren’t short of excitement last week though, with Royal Ascot televised live throughout the territory. The Hong Kong Jockey Club had devised a worldwide betting pool which saw tote pools from ten [...]
The world’s most ethical luxury swimwear brand partners with the City A.M. Club June 26, 2019 One of the City A.M. Club’s partners is an ethical swimwear brand that’s changing the way people consume fashion. Naeco uses innovative techniques to turn plastic waste into quality clothing, helping to save our oceans as well as make us look great on our holidays. Members of the Club receive an incredible 25 per cent [...]
Bunzl shares dip on slowed growth in the second quarter June 26, 2019 Shares in workplace supplies company Bunzl dipped 1.3 per cent today after it said revenue growth in the second quarter had eased from 1.5 per cent to one per cent, due to a slight slowdown in its biggest market, the US. However Bunzl also said it expects group revenue for the half year to rise [...]
Oil price rises on lower US stockpiles June 26, 2019 Oil prices jumped today on the back of news that US crude inventories had fallen by more than expected. International benchmark Brent crude was up 1.2 per cent to $65.87 per barrel, after reaching highs of $66.24 earlier in the day. Read more: It’s no mystery who is behind the Gulf of Oman attack, or [...]
Nicky Morgan: Asset managers should expect more scrutiny after Woodford scandal June 26, 2019 The chair of the Treasury Committee, Nicky Morgan, has said she expects the asset management sector to face more oversight after Neil Woodford’s flagship fund was suspended earlier this month. Morgan said that her committee would get behind increased scrutiny from the Financial Conduct Authority in the wake of the scandal. Read more: FCA chief [...]
HSBC boss criticised over Chinese socialism claim June 26, 2019 MPs have hit back at claims from HSBC’s chief executive that China’s communist government has “served its people really well.” John Flint, chief executive of the international bank, yesterday said the economic success of the Far East powerhouse should make Western democracies reassess their opposition to centrally-planned socialist economies. Flint was reported as saying that [...]
Ethical clothing move by Asos aligns with views of eco-conscious June 26, 2019 Fast fashion is an increasingly hot topic as consumers become more environmentally aware, conscious about the impact of their shopping habits and look to reduce waste. Despite this, environmentally positive changes have been slow or non-existent, such as the recent rejection of the 1p fast fashion tax by government that would have raised money for [...]
US ambassador says letting Huawei access the UK’s 5G network would be like ‘letting a kleptomaniac into your house’ June 25, 2019 US ambassador Woody Johnson took an apparent swipe at Chinese tech firm Huawei today, saying that inviting the company into key sectors of the UK’s economy would be “like letting a kleptomaniac into your house”. “If we let untrustworthy countries in the heart of our economies, and infrastructure, what could they do? We have to [...]