Strategic asset allocation or how I learned to stop worrying and love dispersion August 10, 2021 For decades, strategic asset allocation has been considered the driving force behind investment portfolio returns. But the old adage that allocation determines 90 per cent of performance is rapidly becoming outdated. During 2020 and 2021, we have seen how the world of investing is shifting from one in which declining interest rates drive beta performance [...]
Used car sales double as chip shortages deplete new model stocks August 10, 2021 The number of used cars changing hands doubled in the second quarter as stock shortages forced some people to turn to second hand models. According to the Society of Motor Manufacturers and Traders (SMMT), 2,167,504 used models were bought in the last period, up 108 per cent on 2020. The number sold was also up [...]
Derwent London snaps up Bloomsbury buildings as return to office builds August 10, 2021 Property giant Derwent London has announced the acquisition of five buildings around Bloomsbury and Marylebone as demand for new office space starts to rebound. Derwent London exchanged contracts for two properties totalling 182,100 sq ft located in the so-called knowledge quarter around University College London for £214.6m. The freehold office building at 250 Euston Road [...]
Oil prices rebound after nursing heavy losses August 10, 2021 Oil prices recovered ground this morning after suffering sharp losses yesterday amid concerns surging Covid cases in China will hit global oil demand. Global benchmarks WTI and Brent Crude added 1.31 per cent and 1.04 per cent to reach $67.35 and £69.76 respectively. Yesterday, oil prices shed over four per cent at the height of [...]
Delivery Hero to expand in Germany after Deliveroo investment August 10, 2021 Berlin-based company Delivery Hero has announced that it is to rollout its food and grocery delivery services in more German cities this autumn. The move comes after it announced buying a 5.9 per cent stake in rival delivery company Deliveroo. Delivery Hero was originally founded in Berlin a decade ago, but three years ago ceased [...]
Britain 2030: Can the tech success story continue? August 10, 2021 As the pandemic continues to wreak havoc across the UK economy, one plucky industry has continued its upward march unabashed. In an understated but significant milestone last month, the British tech sector welcomed its 100th unicorn — a private company valued at $1bn or more — becoming the first country in Europe to do so. [...]
Lockdowns will cost Australia’s economy £530m per week, say UBS economists August 10, 2021 Australia’s “zero Covid” approach will cost AU$1bn (£530m) per week to the country’s economy, as its three most populous states are currently in lockdown due to a surge in the delta variant. Economists at the UBS bank have said the cumulative economic cost of the current lockdown in New South Wales will be of AU$25bn [...]
Sen Richard Shelby, 87, puts screws on US Crypto yet the market is green as he just united the whole industry to fight! August 10, 2021 Greetings from Mallorca where I’m trying to holiday whilst I contemplate my advancing years – soon to be scoring my half century. Meanwhile ageism is alive and well in the US as millennials scream at the top of their lungs that the boomers and their parents are screwing Crypto. Seriously though they might have a [...]
Londoners pay highest average inheritance tax bill in UK at over £270k August 10, 2021 Londoners pay on average the highest inheritance tax bill in the UK, according to latest official government figures. Data from HMRC shows residents in the capital paid an average of £271,820 in inheritance tax on their estates in 2018/19 upon death. Meanwhile, UK residents paid an average of £209,502 in inheritance tax in the same [...]
PCR test problems: Complaints soar as drop boxes overflow August 10, 2021 Covid PCR supplier Randox is to resolve issues with its test sample drop-off boxes as photos emerge of them overflowing and long result wait times are reported. The move comes as people posted photos online of full drop boxes in Sutton and Hampstead on the weekend. The swarms of samples are expected to increase as [...]
