MoneyWeek2 min read
Mobile-merger Misdial
The planned £15bn merger between Vodafone and Three could be derailed after the competition watchdog said it intends to launch a major investigation into the deal, says Daniel Binns on Sky News. The Competition and Markets Authority (CMA) has already
MoneyWeek3 min read
Best Of The Financial Columnists
Joseph Sternberg The Wall Street Journal Last Tuesday, Sweden’s central bank asked taxpayers for a $4.1bn cash injection to “make good the losses” the Riksbank has experienced due to quantitative-easing (QE) policies, says Joseph Sternberg. The effec
MoneyWeek2 min read
Tesla Parks Mass-market Car
Tesla’s stock has slumped on reports the group has jettisoned a “long-promised plan to offer an inexpensive electric car” to “drive its expansion in the mass market”, says The Times. The move, which CEO Elon Musk has denied, represents a “dramatic ch
MoneyWeek2 min read
Money Talks
“Did I use that leverage to my advantage? Yes… in the 11th hour [I said]: ‘You know, that’s a lovely offer of $9m. But I need one more to make it ten…’ To receive an eight-figure offer, for a woman, is huge. Sometimes women don’t like to talk about t
MoneyWeek1 min read
Activist Watch
Disney successfully defeated a boardroom coup led by activist investor Nelson Peltz after securing enough votes to re-elect all 12 of its board members at a shareholders’ meeting, says The Guardian. In a high-profile proxy battle with Disney, Peltz h
MoneyWeek2 min readPopular Culture & Media Studies
Book In The News… The Twitter Trials
Jack Dorsey, Elon Musk and the $44 billion Fight for Twitter’s Soul Kurt Wagner Hodder & Stoughton, £20 Even at its peak, social-media platform Twitter (now rebranded X) had a much smaller user base than its rival, Facebook. But with Twitter being th
MoneyWeek1 min read
Short Positions... Revolt Over Pay At Abrdn
■ Adviser Glass Lewis (GL) is urging Abrdn’s shareholders to vote against the asset management group’s pay report at the annual meeting on 24 April, says the Financial Times. Glass Lewis objects to new chief financial officer Jason Windsor’s £675,000
MoneyWeek1 min read
MoneyWeek
Editor: Andrew Van Sickle Markets editor: Alexander Rankine Comment editor: Stuart Watkins Politics editor: Emily Hohler Wealth editor: Chris Carter Shares editor: Matthew Partridge Senior digital editor: Kalpana Fitzpatrick Writer/editorial assistan
MoneyWeek2 min read
The Kindly Old Billionaire Who Blurted Out Insider Tips
Joe Lewis (pictured), the 87-year-old British billionaire whose family owns Tottenham Hotspur football club, will avoid being sent to prison for insider trading, says the Financial Times. A federal judge in the US agreed to a £5m fine and three years
MoneyWeek1 min readInternational Relations
Tories Don’t Believe In Trade
spectator.co.uk Brexit should have offered Britain the chance to “move nimbly”, striking trade deals worldwide, says Damien Phillips. Instead, “trade has simply become another arena for showcasing the shortcomings of our politicians”. There have bee
MoneyWeek1 min read
The Twenties Are Roaring
awealthofcommonsense.com It’s been four years since Covid struck, and the US economy is roaring, says Ben Carlson. Net worth, stocks and house prices sit at all-time highs. “Call it a bubble if you want, but the artificial-intelligence revolution is
MoneyWeek6 min read
News
Lofty ambitions: Blackstone president Jon Gray is playing “a dangerous game”, says Jonathan Guilford on Breakingviews. The asset manager is offering to pay a 25% premium to Apartment Income Reit’s closing share price as of last Friday to take the US
MoneyWeek2 min readWorld
Guru Watch
The “engine of global growth is in Asia”, says Francisco García Paramés, the Spanish fund manager who has been one of the eurozone’s leading proponents of value investing over the past three decades. Europe is stagnant, while “moderate growth” in the
MoneyWeek2 min read
I Wish I Knew What PPP Was, But I’m Too Embarrassed To Ask
Purchasing power parity (PPP) attempts to measure the absolute purchasing power of country’s currency, to indicate how over- or undervalued one currency is relative to another. and to help compare economic data between countries. It does this by comp
MoneyWeek1 min readCrime & Violence
Expect A Blizzard Of Climate Litigation
In a “landmark” decision, the European Court of Human Rights (ECHR) has effectively ruled that “weak government climate policies violate fundamental human rights”, says Ajit Niranjan in The Guardian. Specifically, it found that Switzerland had violat
MoneyWeek2 min read
Use Your Allowances
Welcome to the 2024-2025 tax year – and a whole new set of allowances to help you save tax-efficiently using private pensions. This is the second successive tax year in which the new higher annual allowance for pension contributions applies, bringing
MoneyWeek1 min read
News In Brief... Councils Bite Apple
● Almost half of savers under the age of 35 have considered reducing pension contributions owing to the cost-of-living crisis, new research reveals. The number of young people reducing their savings has worried advisers, who point out that the long-t
MoneyWeek3 min read
Film Of The Week
Directed by Barry Ronan Channel Four It’s been barely 18 months since Boris Johnson stepped out of Downing Street for the last time and just over nine months since he resigned as an MP. But with the polls suggesting that the Conservatives are in a fa
MoneyWeek1 min read
Start Your Isa Saving Early
The new tax year has dawned, and with it your new individual savings account (Isa) allowance. You can now invest another £20,000 into stocks and shares Isas, innovative finance Isas and cash Isas. If you have a lifetime Isa, you can deposit another £
MoneyWeek2 min read
City Talk
● “It would be mean-spirited not to wish” Superdry’s CEO and co-founder Julian Dunkerton (pictured) well as the clothing retailer bids to revive its fortunes by cutting costs and raising new equity, says Simon English in the Evening Standard. But Sup
MoneyWeek2 min readInvestments & Securities
Pick Up Some Bargains In Britain
“I have a location that clearly seems to be undervalued,” says Wael Sawan, chief executive of Shell. The oil boss sent shock waves through the City with comments that “all options” are on the table as the FTSE 100’s biggest company looks to close a p
MoneyWeek2 min read
Pets Are The Path To Penury
If you own a pet, you will know that vet bills have soared in recent years. But did you know it may be due to big companies ripping you off? The Competition and Markets Authority (CMA) is planning an investigation into veterinary fees after it found
MoneyWeek1 min readFinance & Money Management
Viewpoint
“Higher interest rates have yet to hurt the... stockmarket, [but] commercial real estate (CRE) is a... different story... Urban office buildings [in the US have been] changing hands at 75% discounts to their last sales... Newmark, a real-estate advis
MoneyWeek10 min read
The Industry At The Heart Of Global Technology
The semiconductor industry is a catch-all term for the broad range of companies that design, manufacture and sell microchips. Microchips, or chips, are a collection of switches controlled by electrical pulses. These switches are printed onto a board
MoneyWeek3 min read
Crossword
In a recent match, neither North-South found the excellent (and making) Six Diamonds. Instead, the ubiquitous Three Notrumps required instructional Avoidance Play technique. There was a – hard to find – winning defence. West led a Spade to East’s Kin
MoneyWeek3 min read
The Tories Stare Into The Abyss
The Tories hope that an improved economy will restore support ahead of the general election, despite polls showing the party is blamed for the “lingering cost-of-living crisis”, says Sam Fleming in the Financial Times. Responses to an Ipsos poll sugg
MoneyWeek2 min read
Property
Dillions Vineyard, Staplefield, Haywards Heath. A renovated Grade II-listed farmhouse with a detached one-bedroom annexe and grounds that include a circular pond. It has beamed ceilings, an inglenook fireplace and a country kitchen with an Aga. 6 bed
MoneyWeek1 min read
The Other Precious Metal Is Starting To Motor
US dollars per troy ounce Silver is close to a three-year high. At $28 per ounce this week, the precious metal hasn’t been this expensive since May 2021. Overshadowed by new record highs in gold, the silver rally has been driven by similar factors, s
MoneyWeek1 min read
US Small Caps In Bargain Bin
US “small-cap stocks are suffering their worst run of performance relative to large companies in more than 20 years”, says George Steer in the Financial Times. The Russell 2000 index of small and mid-sized firms has gained 24% this decade, compared w
MoneyWeek2 min readInternational Relations
Xi And Putin Cosy Up
China and Russia “doubled down” on their strengthening alliance at a meeting this week between Russian foreign minister Sergey Lavrov and Chinese leader Xi Jinping, say Austin Ramzy and Ann Simmons in The Wall Street Journal. They pledged their “shar
…Or Discover Something New