Meet Blenheim Forge, the blacksmiths supplying quality kitchen knives to London’s top chefs June 10, 2019 TUCKED away in a railway arch beneath Peckham train station lies a workshop. Here, the blacksmiths of Blenheim Forge toil away making kitchen knives. But these are not just any old blades. These are handcrafted Japanese-style knives – and the cheapest model starts at £160. There’s no better endorsement for a product than knowing who [...]
FCA under scrutiny from MPs after Woodford suspension June 10, 2019 The City regulator has come under scrutiny from MPs over the suspension of Neil Woodford’s flagship fund. Nicky Morgan MP, chair of the treasury committee, wrote to the Financial Conduct Authority (FCA) today regarding last week’s suspension. Investors are unable to trade or withdraw money from the Woodford Equity Income Fund after it was frozen [...]
Would you want to be trained by an AI? June 7, 2019 By 2025, five billion people will be connected to each other through four billion smartphones and 50bn other devices. This will produce new data at unimaginable rates. Add in exponential growth in artificial intelligence (AI) – which is predicted to generate 1.7MB of data for every person every second by this time next year – [...]
Fund spotlight: UK Buffettology Fund June 7, 2019 | City Talk by Dzmitry Lipski from interactive investor. interactive investor’s analysts give an update and view on the UK Buffettology Fund. Warren Buffett’s recipe for success looks simple but few have successfully managed to replicate it. His well-known ‘Business Perspective Investing’ principles are hard to follow consistently and require patience, discipline and an ability to look at an investment like you [...]
The world needs minds of all kinds, so neurodiversity is crucial to business success June 7, 2019 Being on the neurodivergent spectrum is often perceived as a weakness. But given that those with neurodiverse brains are some of the world’s most creative, productive, and forward-thinking people, this is something that should instead be embraced as a real opportunity. An Acas study estimates that one in seven people is neurodivergent, which simply [...]
Ex-City minister slams FCA after Woodford suspension June 7, 2019 Former City minister Lord Myners slammed the financial regulator for failing to act on signs that Neil Woodford’s flagship fund was in trouble. Myners said the Financial Conduct Authority “should have been awake” to issues at the Woodford Equity Income Fund. The former star trader’s fund was suspended this week following a surge in investor [...]
Retail fund sales bounce back after six months of outflows June 6, 2019 The fund market returned to positive net retail sales for the first time in six months in April as investor confidence bounced back. Sales reached £2.2bn as savers embraced ISA season, with sales that can be directly traced back to an ISA wrapper hitting £826m. Read more: Brexit chaos sparks fifth consecutive month of fund [...]
India: Enormous advantage for UK investors June 6, 2019 | City Talk By Rodney Hobson from interactive investor. There are lots of reasons to invest in India now. Our international columnist runs through them here. Rodney Hobson is an experienced financial writer and commentator who has held senior editorial positions on publications and websites in the UK and Asia, including Business News Editor on The Times and Editor of Shares [...]
Rolls-Royce offloads one-third of its pension scheme to Legal & General in landmark £4.6bn deal June 6, 2019 Rolls-Royce has handed over responsibility for £4.6bn of its pension scheme to Legal & General, in a record-breaking deal. The FTSE 100 engine manufacturer has offloaded responsibility for paying the pensions of its 33,000 pensions scheme members. The scheme has a total of 76,000 members. Read more: Rolls-Royce among firms kicked off government’s late payment [...]
What’s gone so wrong for Neil Woodford? June 5, 2019 In the not-so-distant past, Neil Woodford was a bit of hero, beaming among the failed fund managers who had blindly bought into the tech boom of 2000. But sometimes stars fall. Or in Woodford’s case, they implode. News that Britain’s most famous fund manager has blocked withdrawals from his flagship fund may have left us stunned, but it’s [...]
