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 [...]
Fevertree Drinks: Does 20% slump offer rare chance to buy? June 5, 2019 | City Talk By Edmond Jackson from interactive investor. It’s one of the great stock market success stories but is vulnerable to shifts in sentiment. Our companies analyst shares his thoughts after a savage sell-off in May. Following my recent review of soft drinks firm Britvic (LSE:BVIC), it is pertinent to compare the risk/reward profile of AIM-listed Fevertree (LSE:FEVR) – both as a potential [...]
Should people be allowed to dip into their pensions savings to get onto the housing ladder? June 5, 2019 James Brokenshire’s proposals risk undermining the progress that has been made through auto-enrolment
Aviva CFO to leave in latest leadership shake-up June 5, 2019 Aviva’s CFO is set to depart in the latest of a series of sweeping changes under new boss Maurice Tulloch. Tom Stoddard will quit his role as chief financial officer at the end of June, the UK insurer’s board of directors said. Read more: Aviva share price falls as it warns of ‘muted’ 2019 He [...]
Is too much talent bad for business? June 4, 2019 Looking at the result of Saturday’s Champions League final, you might be forgiven for thinking that the relationship between top talent and overall team performance is a linear one. While Tottenham are by no means a talentless side, they were beaten on the night by a Liverpool team that arguably contains a higher proportion of [...]
Wrong state pension forecasts sent to 360,000 savers after Whitehall blunder June 4, 2019 The government has admitted “significant” problems with state pension forecasts, after revealing hundreds of thousands of people have received erroneous information. Read more: Amber Rudd gives pensions dashboard project green light Three per cent of pensioners may have made financial decisions based on false information sent by the government since 2016. This amounts to about [...]
The markets a week on from the worst European election results in Tory history June 3, 2019 | City Talk While the pound begins to recover from the European election results, Bitcoin hits a new 2019 high. By Monday 27 April, the results of the European Parliament election had a clear implication for the UK: the incumbent government has lost the support of the public. It was the lowest share of the vote the Conservatives [...]
Pensions industry veteran Chris Curry to lead delivery group for dashboard scheme June 3, 2019 A Whitehall initiative designed to give savers easy access to pensions information has taken another step towards hitting the market. Read more: Amber Rudd gives pensions dashboard the go ahead The Money and Pensions Service has appointed industry veteran Chris Curry to help deliver the so called pensions dashboard. He will be tasked with forming [...]
London fintech player Worldremit raises $175m in series D funding June 3, 2019 London fintech startup Worldremit has raised $175m (£138m) in a series D funding round led by TCV, Accel and Leapfrog Investments. The cash will fund Worldremit’s plans to grab a greater share of the world remittance market, which was worth $689bn last year. Read more: Fintech startup Worldremit poaches former Paddy Power chief as its new boss [...]
Invest in green energy, urges minister, as financial risks of climate change ‘too important to ignore’ June 3, 2019 Pensions minister Guy Opperman has urged fund managers to “do the right thing” and put money into renewables. Read more: Shell switches 700,000 customers to renewables as it rebrands First Utility Speaking in London, he said pension and investment managers must take their environmental responsibilities seriously to help fight global warming. Opperman said: “The financial [...]
