Matthew Jukes picks his favourite 2014 vintage Bordeaux wines before they hit the market.
Anyone with assets is now fair game for increasingly desperate bankers and their apologists, says Tim Price.
The post Monetary policy: You can’t fight a fire by burning down the house in advance was first published on MoneyWeek.
It's hard not to admire the audacity of the Hatton Garden jewel heist.
Including a one-bedroom flat in Chelsea, a farm with more than 120 acres in Carmarthenshire and a Grade II-listed Regency house near Norwich.
Miner turned businessman, David Lenigas has people worried in England's southeast over his plans to drill for oil.
The post How David Lenigas struck oil in Gatwick and became ‘Britain’s JR’ was first published on MoneyWeek.
The US Federal Reserve has made $2.5trn of government debt vanish, says Bill Bonner.
A patient, disciplined approach to trading is vital, says John C Burford. One false move can devastate your account.
The post I waited for the perfect signal – and I got my reward was first published on MoneyWeek.
Majestic's planned takeover of online rival Naked Wines is a good example of the pitfalls lurking in company balance sheets. Bengt Saelensminde explains.
The post Majestic Wines just paid £70m for a business with almost no assets. Here’s why was first published on MoneyWeek.
Most investors are taught to expect higher returns from riskier investments. But as Piper Terrett explains, that's not always the case.
The post Making higher risk investments doesn’t always bring greater rewards was first published on MoneyWeek.
While Hillary Clinton's foreign policy credentials are impressive, where she stands in domestic terms is rather less clear.
David Cameron set out to battle claims of Tory negativity by promising voters the 'good life'.
Shell’s £47bn bid for BG suggests the oil sector is set for another round of major deals. But investors should avoid getting carried away, says John Stepek.
Declining liquidity in US Treasuries – the global 'safe-haven' asset – could have unpredictable consequences.
Japan's benchmark index, the Nikkei 225, has hit a peak last seen in April 2000.
Switzerland has become the first country to sell ten-year government bonds with a negative interest rate.
The probability of a Greek exit from the eurozone is higher now than it ever was. John Stepek explains why, and looks at what's likely to happen next.
The post Is Greece set to exit the eurozone? It’s getting more likely by the day was first published on MoneyWeek.
That Italy appears to be able to generate cyclical growth is good news for the eurozone.
Russia's annual budget shows that Moscow is finally facing up to the country’s mounting fiscal problems.
The Conservatives have announced that they would extend the Right to Buy council houses at up to a 50% discount to tenants of housing associations.
The post Election controversy of the week: Cameron’s Right to Buy was first published on MoneyWeek.
The FTSE 100 slipped back once more yesterday, falling 0.5% to close at 7,060.
On this day in 1961, US troops landed in the Bay of Pigs on the south coast of Cuba in what would become a major embarrassment for America.
Trade data from China announced this week was weaker than expected, with exports falling by 15% year-on-year in March.
IMF chief Christine Lagarde warned that governments had failed to deal with longstanding issues.
General elections can have a big impact on investments, says David Thornton. And that's especially true for Aim-listed stocks.
Nokia is in talks to buy French telecoms firm Alcatel-Lucent for €15.6m, which would make it the second-biggest telecom equipment provider.
We can't hope to reduce the national debt through fiddling with taxes, says Merryn Somerset Webb. Only cuts to state spending can do that.
The post Everyone wants to raise taxes on someone – it won’t work was first published on MoneyWeek.
None of the political parties are seriously committed to cutting spending, says Merryn Somerset Webb. That's going to lead us into trouble.
All the political parties are rolling out policy after policy that will directly hurt the City. But these attacks will damage the UK, says Matthew Lynn. Finance is one of our most successful industries.
The post The City needs to regain its political voice – or we’ll all be worse off was first published on MoneyWeek.
Bruce Stout explains to Merryn Somerset Webb why emerging markets may be a better bet for profits and dividends than traditional defensive stocks.
The post Bruce Stout: Hunting for growth in a deflationary world was first published on MoneyWeek.
How, exactly, would you short Rolex or Philippe Patek ? They're privately owned.
I came on here to comment on the misspelling of Colombia in the printed version, but I'm happy to see the error was spotted and has already been corrected on-line.
I realise the availability of cheap credit (and other artificial props) has a significant bearing on the housing bubble BUT so to does the supply - demand imbalance.
Tackling the major cause of the rapidly rising Population of the UK should, all else remaining equal, improve upon the current supply - demand imbalance; and that can't be tackled without first leaving the straight-jacket of the EU.
The present uncontrolled rate of population growth is the cause of many stretched infra-structure problems; nevermind the problems, present and potential, of multiculturalism.
One of the worst policies of the election so far may well be the 'Right to Buy.
But the best policy is to have a fair and unbiased Referendum ASAP on our continued membership of the EU. Only UKIP can deliver that...
butter spreads very good in the gold wrapper
Spelling not looking to good today
If the SNP want for Scotland to remain in the EU then they are supportive of fascism and totalitarianism; is that policy enough?
There are about 100k non-doms. Some do employ people, some don't, but they all do at a minimum eat, drink, travel and live somewhere which equals spend. Some are here by incidence and some by planning. Just looking at £90k tax per head on half my estimated non-doms, ignore the spend/services bought, and any employees - that's £4.5bn in tax you do not have if they bugger off. So said non-doms move off to one of those other "terrible" places around the world, taking their spend and employees with them.....which comes to more than £4.5bn I believe. Probably not a surprise, but there are several other European countries that offer tax deals and breaks. Trashing a pole position product is not something I would recommend.
I am an Angel customer of Naked Wines, have been for 6 years
or so. What drew me and many others to Rowan’s formula was the fun of being
able to try new wines from new producers that were simply too small to make it with
the big boys, and the knowledge that in doing so we were supporting small
artisan businesses (the producers and also Naked Wines themselves). Some of the
wines are splendid, some are not, but I am prepared to live with that to
encourage and promote enterprise, fair-play to producers, and ensure there
remains some competition against the global purchasing power and bullying of
the supermarkets. I imagine most Naked Wines customers also have milk delivered
J. So I wonder how
things will work out now that a larger organisation with its own recent reputation
for aggression towards suppliers has taken over. Majestic aren’t Tesco for
sure, but they are a big player in the industry. I suspect many of us will be watching
closely in the coming months and wondering if our monthly interest free loan to
Naked Wine’s working capital fund is still delivering the upstream benefits, or
if we’re just pre-paying for a supermarket account.
Now how many of you clever clogs wrote the same BS about the iPod, the iPhone, the iPad, the MacBook Airs? People don't need any of this stuff. But they buy it... all the time! Nobody needs the watch or the new Macbook I hear you say... well, do like Davydh and use a 1980's Ericsson brick to make phone calls... it works for him. And, Android watches? Really? Are you not even ashamed of mentioning it? It is very likely that Apple has managed to sell more Apple Watches in a single day than the number of Android Wear smartwatches sold in an entire year (ALL makers of Android watches combined). Dear me, dear me...
I have to say I am very sceptical re the claim that Apple watches are going to 'brutally disrupt' the luxury watch brands. I can see how some of the ones at the lower end of the luxury scale may suffer but I just don't see it happening to the Patek/Rolex/Omega end of the market. There is a growing middle class in China that will provide ample growth for these companies for years to come and the Apple watch will just not provide the status statement that e.g. a glitzy Rolex does. The Chinese are obsessed with their image and appearing to have made it and be rich is very important, which is where a flash watch comes in. Case in point: I was in Galeries Lafayette last Saturday and popped into the Omega area. There were four sales desks, every single person sat at one of these desks and seriously looking to buy something was Chinese, and get this, three of the four desks were manned by Chinese salespeople.
The core problem that affects all house building in the UK is a lack of effective control by the planning authority, who are largely at the mercy of the major house builders who have no interest in building sufficient houses to cause a drop in the cost of new build. What is needed is to take a look at how housing development is handled in most northern European countries where it is the local authority that buys the agricultural land, installs the infrastructure of roads, drainage etc. and sells off the plots of land to developers. That way they can determine what goes into a plot and individuals can buy a plot to build a single house, or a local builder can buy a few plots. Special plots can be reserved for specific developments such as sheltered housing.
Handing power back to local authorities will support local businesses, gives consumers the chance to build a house to their specifications and most importantly, provides a valuable revenue stream for cash strapped local authorities. Breaking the effective cartel of the national house builders could give our house building a massive boost and give the local planning authority proactive control over what is built and where.
Not sure how the last paragraph is irony - the opposite of irony surely.
There is nothing new here and that is no criticism of the writer. He is reporting the same arguments, jibes, posturing rehashed by the players on a daily basis. Yanis Varoufakis being Gerry Seinfeld to Wolfgang Schauble's Jack Dee.
We cry out for leadership. That's why some of us admire Putin, not because we necessarily agree with him but he gives you the sense that he pitches up at work everyday and starts his day with the line, 'Right folks, this is what we are going to do.....'
Really we have to do away with all forms of social engineering. For everyone lucky enough to have social housing there are plenty more in need looking at them with envy. Whenever there is a have there is a have not too. There is plenty of room for corruption and cronyism too. Friends somehow get extra points on the waiting list, etc.
My proposal is to do away with all the thousands upon thousands of pages of tax legislation, abolish the lot. Get rid of all the other free market distortions too. Replace it all with a land tax. The government gets to divy up each years expenditure between all the landowners. Those who wish to sell land will get a true market value for it and what it can produce.
If NIMBYs don't want THEIR green belt built on they can all pitch in and buy it. Inheritance tax etc is dealt with instantly. Someone inherits a country pile and can't keep up with it? Sell it with the land and associated tax burden with it.
It's from a Survation Poll for the Scottish Daily Record my ignorant friend.
The poll of 1,011 Scots was carried out by research consultants Survation for the Daily Record newspaper.
Scots now prefer David Cameron as Prime Minister to Mr Miliband
Your quite right. Still a large multiplier.
You can buy the coins more cheaply on https://roolo.io a new peer to peer bitcoin exchange.
(disclaimer, I am CTO of Roolo and more than a little partial)
you are a factor of 10 out. 100x10,000= 1,000,000
Yes, give me 15 minutes and I'll have some fancy graphs without any credible sources as well.
Just another desperate attempt by the DM to mislead the public, as always. Good source though. Your picture suits you well :)
Its a ridiculous system. I am nowhere near the LTA either, but if I carry on paying into a pension scheme until retirement then I will be. If I want the higher LTA then I have to stop paying in - and then there is no chance of hitting even the lower LTA!!
I would like to save for my retirement, because I don't fancy living on whatever the state can afford to give me, but they don't make it easy to either plan ahead or save.
Why shouldn't non-doms play by the same rules as other British long-term residents? No other country has such absurd colonial-era laws, so why shouldn't the wealthiest residents be prevented from such tax-avoidance wheezes when the country has a £1 trillion debt load to service and pay down?
I'm nowhere near the lifetime allowance now, but if returns and inflation increase I could be. Is it still worth paying savings into a pension even if we could get stung by a big tax charge in future?
I always enjoy your thoughts and great articles, but I cannot but think that you are wrong over apple. From a fundamentals point, apple is the iphone company. Much of the market is already saturated with phones - and unnecessary watches - no matter how slick - I believe are about to prove that apple does not always get things right. Alastair also makes the very valid point that any upside is probably priced in.
On a technicals basis, I suspect John Burford would soon call for a short position in a few weeks time. And sorry Dominic, on a timing basis, John's record is far better than yours. Could I please request that John adds to the debate in his blog?
Cheer up Bruce lol
"But try contacting a financial services company you are not a customer of and ask to open an account – say an Isa… the ream of paperwork you have to go through is extraordinary, "
Obviously he has an agenda and I don't completely disagree with it but this is complete and utter hyperbolic rubbish. I've opened, and I know others have too, lots of accounts with lots of banks and BSs including branch, postal and online accounts - including new institutions with e.g., a TSB current account last year that was up and running with Internet access the same day and a debit within the week - and they've been able to verify my identity and address using electronic means. They were using credit reference agencies for the most part but Newcastle BS claimed to check other databases domestic and foreign, too (in addition to the usual it asked for a passport number). I've not had any problems and have definitely not had had to deal with reams of paperwork. From what I can gather the people who do have problems have problems with the current system are those who have recently moved address, but
I say this to Messrs Cameron and Osborne: By all means implement Right to Buy on Housing Association properties, but only if you roll out the policy to include all people currently renting in the private sector. Pretty quickly the housing market would produce the correction this country needs.
When Bengt says something is going to double, it means it's much more likely to halve.
Dearie, dearie me ... are we all really this superficial? Me, I take pride in my watch never costing more than £10. I'll just stick to valuing businesses on their fundamentals &, if you want a tech stock, Google is better value.
Hello Ian Lufkin
....I mean Bengt LOL!
The question is not whether a fan base will like the look of the their products.
The question is to how much of the hype is already in the price.
All food for thought, but should not be regarded as advice, Bengt was very careful not to mention any timescale, or the road to the stockmarket doubling, which might be a crash then double from there. Keep taking the pills.
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