Exclusive: Energy crisis is a ‘state of emergency’ and the Government has to act now, warns So Energy August 11, 2022 The Government is running out of time to tackle rising household energy bills ahead of winter, warned Simon Oscroft, co-founder of So Energy.
Zurich posts highest first-half profits since 2008 financial crash August 11, 2022 Swiss insurance company Zurich today posted its highest first-half profits since the financial crash of 2008 and its second highest profits ever. The insurer said its business operating profits increased 25 per cent compared to last year to long-term highs of $3.393bn. The uptick in Zurich’s profits, which saw it second best results ever, came [...]
Profits at M&G plunge to £182m as market turbulence hits August 11, 2022 Investor M&G reported its profits had slumped by nearly half in the first six months of the year after it was rocked by “adverse market movements” and soaring inflation.
High gas prices are here to stay reveals Investec, as price cap predictions hit £5,000 August 11, 2022 Higher gas prices, including in the summer when demand is supposed to be at its lowest, are a long-term trend argued asset manager Investec.
Lack of social mobility in UK’s professional services sector threatens country’s growth August 11, 2022 The lack of social mobility in the UK’s financial and professional services sector poses a major threat to Britain’s “competitiveness and productivity,” the head of the Law Society has warned. The Law Society president’s warning comes after a new report from the City of London Socio-Economic Diversity Taskforce showed those from working class backgrounds are [...]
Monster energy bill increases threaten to be a ‘pub killer’ as bosses urge ministers for business price cap August 11, 2022 Publicans have called on ministers to introduce an energy price rise cap for venues amid pleas that bill hikes threaten to “be a pub killer.” The British Institute of Innkeeping (BII) said the majority of its members were experiencing a minimum 300 per cent increase in energy costs, all while venues attempt to recover from [...]
Axiom founder sentenced to 14 years in prison over £100m ‘no win, no fee’ investment fraud August 11, 2022 The founder of a Cayman Islands headquartered fund, that bankrolled ‘no win, no fee’ lawsuits, has been jailed for 14 years for using millions in investors cash to finance his own extravagant spending habits. Axiom Legal Financing Fund founder Timothy Schools was today sentenced to 14 years in prison at a hearing at Southwark Crown [...]
Why bargain hunters should be shopping in Europe, not the US August 11, 2022 Value stocks in Europe are the “unloved of the unloved”, but they have actually offered more growth than growth stocks. Here, three charts tell the story. The value investor has become something of an endangered species over the last decade, pushed to the side-lines of a market fixated on seeking never-ending growth in areas such [...]
Four charts that make the case for value investing August 11, 2022 The more the world changes, the more value investing remains a compelling investment strategy. Here’s why “Plus ça change, plus c’est la même chose”. Or, in English: “The more things change, the more they stay the same”. Nowhere is this more true than in the realm of value investing. Throughout history, humankind has faced profound [...]
Are we on the cusp of the next Bitcoin bull run? August 11, 2022 Nigel Green says he would not be surprised for Bitcoin to hit $70,000 this year, and surpass the all-time high of $68,000.
