The architect of the UK’s governance standards for private businesses has criticised the government’s plans to extend some of the most stringent regulations for larger listed companies to their unlisted counterparts, claiming the changes would have a “significant negative impact”. Sir James Wates, chair of the Wates Group, one of the UK’s largest family-owned construction
Investing
Whether you are interested in buying a home to use as a primary residence or an investment property, it’s possible that the property is currently occupied by tenants. If that’s the case, there are a few things you should consider before deciding to go through with the purchase. Read on for a quick introduction to
Starbucks coffee shop logo seen at one of their stores. Stephen Zenner | LightRocket | Getty Images Wall Street is gearing up for the busiest week of earnings season. Several stock market heavyweights are lining up to release their second-quarter prints, and analysts are taking note. The stocks mentioned in this article have just
The writer is a principal research scientist at MIT and cofounder of the MIT Initiative on the Digital Economy While some of us under lockdown churned through streaming services and sourdough starters, others decided to use the time for a little self-improvement — taking up Dutch or Danish, Swahili or Esperanto. Duolingo, the free app
Welcome to the working week. Holiday season might be subdued this year because of coronavirus, but earnings season feels much the same as ever and this week we are in full swing with a particular focus on tech and banking companies. More of that below. July 2021 has shaped up as rocket month. But we’re
In financial and managerial accounting, inherent risk is defined as the possibility of incorrect or misleading information in accounting statements resulting from something other than the failure of controls. Incidents of inherent risk are most common where accountants have to use a larger than normal amount of judgment and approximation, or where complex financial instruments
The single largest bet on Chinese tech by SoftBank’s Vision Fund is now $4bn in the red as Beijing punishes ride-hailing group Didi Chuxing for alleged data security lapses on the back of its blockbuster New York listing. The Vision Fund’s 20.1 per cent stake in the taxi app, for which it paid $11.8bn in
This article picked by a teacher with suggested questions is part of the Financial Times free schools access programme. Details/registration here. Specification: AQA Component 1, Section 3.1.1.3: The Prime Minister and Cabinet Edexcel Component 2, Section 3.3.2: The Prime Minister and the Cabinet Background: what you need to know This article presents an overview of the
The percentage of large-cap stocks in a diversified investment portfolio depends on an investor’s investment goals, risk tolerance, and time horizon. Diversification Diversification of an investment portfolio consists of spreading investments out into different equities or into different asset classes, such as stocks and bonds. Diversification is enhanced by holding some investments that have a
Ninja Van, a logistics group that has used motorcycles, boats and even water buffaloes to deliver 1.7m parcels every day across south-east Asia, is considering an initial public offering as early as next year after being valued at $1bn. Backed by Facebook co-founder Eduardo Saverin’s B Capital, Ninja Van’s growth in revenue and orders has
As Wendy Sherman, US deputy secretary of state, prepared to fly to China this weekend, Beijing imposed sanctions on seven Americans, in a tit-for-tat blow that illustrated the dismal state of US-China relations. US officials said the move, a retaliation to Washington slapping sanctions on seven Chinese officials in Hong Kong, would not give Beijing
What Is an M&A Strategy? Transforming a small business into a large one, or scaling a business, occurs in one of two ways. Companies can grow their revenues and profits from within by cultivating and growing demand for their products and services, or they can acquire other companies. Key Takeaways An M&A strategy is one
In this article CYDY Young chemist working with chemical substances during scientific experiment in laboratory. skynesher | E+ | Getty Images Company: CytoDyn Inc. (CYDY) Business: CytoDyn is a late-stage biotechnology company. The company focuses on developing treatments for multiple therapeutic indications based on leronlimab, a novel humanized monoclonal antibody targeting the CCR5 receptor. Its
For the past 232 years, residents of Dulwich, a leafy neighbourhood in south-east London, have tolerated without complaint what is now the capital’s only toll road. A more recent move to restrict traffic in the area, however, has provoked bitter debate. Dulwich was one of 89 areas across England that installed car-free zones last year.
The lending businesses of large US banks are doubling down on wealthier customers, as well-to-do Americans borrow to buy second homes, invest in the stock market and potentially lighten their tax bills. The combined value of loans made by the wealth management arms of JPMorgan Chase, Bank of America, Citigroup and Morgan Stanley surpassed $600bn
Although Canada does not receive the same kudos for innovation and technological development as the United States, it punches above its weight when it comes to emerging financial technology (fintech) companies. Here’s a look at five Canadian fintech companies that are making a name for themselves by providing innovative financial solutions for customers: Payfirma, Quandl,
US state authorities have opened a new front in the regulatory crackdown on the cryptocurrency business, taking aim at BlockFi, a company that has raised $14.7bn by offering interest-bearing crypto accounts. In recent days Texas, New Jersey and Alabama have alleged the accounts amounted to an unregistered offering of securities. New Jersey ordered the company
Record-breaking temperatures in countries across the world have dominated the headlines in recent years. Last month, searing heat in North America resulted in a Canadian record temperature of 49.6C in Lytton, British Columbia. Last year, Siberia experienced unprecedented temperatures of 38C inside the Arctic Circle. In 2019, heat records were smashed across Europe. The UK,
Restaurant stocks have served up gains this week after U.S. Census Bureau data revealed that the industry’s total sales topped $70.6 billion in June, up 2.3% from May’s sales volume and 6.6% above February 2020’s pre-pandemic sales figure of $66.2 billion. It marks the fifth solid gain in the past six months, raising hopes that
In this article SPCE Virgin Galactic CEO George Whitesides CNBC | Michael Sheetz George Whitesides, the former CEO of Virgin Galactic, will fly on the company’s next spaceflight test, CNBC has learned. Sir Richard Branson made the announcement at a party on July 11 in Las Cruces, New Mexico — following his own spaceflight —
China has imposed sanctions on former US commerce secretary Wilbur Ross and six Americans involved with human rights institutions in retaliation for a similar move by Washington against Chinese officials in Hong Kong. The Chinese foreign ministry said that in addition to the sanctions on Ross, who served in the Trump administration, it was targeting
In 2009, then boss of Fendi Michael Burke sat down with Virgil Abloh and Kanye West over lunch at Settimio all’Arancio, a small Mediterranean restaurant nestled behind the fashion brand’s headquarters in Rome. Burke, an LVMH veteran who is now chief executive of Louis Vuitton and chair of Tiffany, was working alongside Karl Lagerfeld at
Imagine two millionaires in a room and assume that their net worth was exactly $1 million including all investments, estates, and assets. Neither person had anything hidden and both were happily married. The only difference between the two was their age. One millionaire was 65 years old while the other was 30. Looking outside of
Phoenix Suns basketball star Chris Paul, UK health secretary Sajid Javid and US Olympic gymnast Kara Eaker have something in common: they have all tested positive for coronavirus despite being fully vaccinated. No vaccine is 100 per cent effective, so what scientists call “breakthrough infections” were always expected. In most cases, the symptoms are mild.
California will strengthen the security of the debit cards it uses to issue unemployment insurance and other benefits following a wave of fraud, according to an announcement from the state’s Employment Development Department. The state agency plans to work with Bank of America to start rolling out chip-enabled debit cards to new claimants, as well
Business groups, food industry executives and farming leaders on Friday voiced scepticism over UK government plans to allow some critical workers to avoid self-isolation, warning that the updated guidance will not solve problems with staffing shortages. Ministers confirmed on Thursday that some workers within 16 sectors, including the emergency services and transport would be able
Investment bankers are typically the highest-paid workers in the finance industry—high salaries are most prevalent even among younger employees. The starting salary for the typical investment banker exceeds that of most other finance positions, but working in this field has its challenges. Aspiring finance professionals may wish to examine whether a career in investment banking
Eurozone businesses are reporting the fastest expansion in over two decades, fueling hopes of a rapid rebound this summer despite the spread of the Delta variant. IHS Markit’s flash composite purchasing managers’ index — based on a survey of eurozone businesses — rose to 60.6 in July, up from 59.5 in June. The rise indicates
All the answers here are linked in some way. Once you’ve spotted the link, any you didn’t know the first time around should become easier. © Getty Images Which musical, with music by Marvin Hamlisch, was the longest running in Broadway history until it was overtaken by Cats (above) in 1997? What’s the two-word name
In times of market trouble, investors look for ways to limit their exposure while not foregoing returns entirely. While one could choose plain cash, the real rate of cash is negative; with inflation chipping away at value, a cash holding actually declines in value over time. Far better than choosing cash in these situations may