Herd and illusory superiority bias: Why even seasoned investors succumb August 17, 2021 The herd bias phenomenon or the ‘bandwagon effect’ will be familiar to most long-time investors. It leads people to make investment decisions based on the belief that ‘everyone’s doing it’. This type of behaviour is part of human nature, though, in the context of markets, it is usually associated with novice retail investors who aren’t [...]
How to mix… The perfect New Orleans Sazerac August 17, 2021 August is hurricane season in New Orleans, a time when oppressive heat and torrential showers mean it’s foolish to do much more than sit on your balcony with a frosty drink and watch the world pass by. The extremity of London’s weather in recent weeks, from floods to heatwaves, put me in mind of the [...]
British student evacuated from Afghanistan after ‘danger holiday’ August 17, 2021 A 21 year-old British student who travelled to Afghanistan on holiday has said he has now been evacuated. In a Facebook post on Tuesday, Miles Routledge said he had landed in Dubai after previously staying at a United Nations safe house in Kabul. He posted a video appearing to be inside a military aircraft and [...]
London loses out: BHP slashes dual nationality – CityAM : CityAM August 17, 2021 The FTSE 100 is set to lose its biggest company as miner BHP ditches its Anglo-Australian dual structure in favour of listing on Sydney’s stock market. The news comes as the blue chip company announced it would exit the petroleum business through a merger with Australia’s Woodside Petroleum, in a deal which will see Woodside [...]
Britain 2030: Reviving the industrial spirit along the River Thames August 17, 2021 Snaking inland from the dark of the North Sea, the River Thames has for centuries been the very lifeblood of London. In the 17th and 18th centuries, it was the Thames that put the capital right at the heart of Britain’s global empire, turning it into the modern, thriving metropolis it is today. Travel just [...]
Six children and one parent injured after Tesla collides with pedestrians in British public school car park August 17, 2021 Six school children and a parent have been taken to hospital after they were hit by a Tesla car in the school car park of Ardingly College in West Sussex. One of the children was reportedly flown to hospital with serious injuries after the incident involving a blue Tesla Inc Model 3 car, during a [...]
‘We just have to leave’: Queen’s Brian May to ditch London after flooding August 17, 2021 Queen guitarist Brian May is set to depart London after nearly two decades following flood damage to his Kensington mansion. The music icon called the capital a “brutal” place to live after the basement of his £7m home was flooded, ruining many of his and wife Anita Dobson’s childhood photo albums and memorabilia. “The funny [...]
Westminster parking wardens threaten with strike action after rejecting pay offer August 17, 2021 Traffic wardens enforcing parking in the streets of Westminster are threatening with strike action as they reject their employer’s latest pay offer. Union workers unanimously turned down NSL’s offer to increase their wages by an extra 21p per hour under a three-year deal. The modest increase would result in a loss in income in real [...]
Just Eat posts revenue surge of 52 per cent but struggles to turn a profit in fight for market share August 17, 2021 Strong demand for food delivery amid the last of the Covid restrictions persisted in the first half of the year and boosted Just Eat Takeaway’s revenue, but efforts to increase its share of the crowded market impacted profitability. Revenue in the first six months of the year grew to €2.6 bn (£2.2bn) – a 52 [...]
BHP confirms Woodside merger, after shareholders bag $15bn payday August 17, 2021 Energy giant BHP has posted a record final dividend of $2 per share, which has raked in a $15bn payday for its shareholders in the past year. In a set of upbeat financials, BHP pulled in $25.9bn in profit from its operations in the year to 30 June, up from $14.4bn last year. The profit [...]
