Most stocks markets were in the red last week and the FTSE 350’s 3pc fall should not have come as a shock to Telegraph Fantasy Fund Managers. It is the final week of the game and volatility is high, players will have to keep their wits about them. A handful of […]
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Why B&Q-owner Kingfisher can fix your fantasy fund
Thursday September 25 Smiths Group full-year results This industrial conglomerate ha cancelled its first-half dividend, withdrew earnings guidance and also put the long-awaited spin-off of its Medical division on hold earlier this year. Despite this, shares in Smiths Group have done pretty well, rallying 80pc from March lows. July’s trading update also […]
The buyout brigade leaves sorry saga for others to fix
He is investing around £100m in a share placing for a near-20pc stake and will also become chairman of the company started by his father, Sidney, 70 years ago. Saga has been battered by the Covid crisis. In March, it was forced to cancel all its cruises but a stronger […]
Why splitting up the Big Four will not fix shoddy audits
Mid-tier firms may even be forced to endure the expense and distraction of splitting their own audit operations from their consulting divisions. BDO and Grant Thornton, the two biggest challenger firms, are already making preparations for ringfencing to ensure they can credibly compete with the Big Four on auditor independence. […]
Philippines set to fix airstrip on South China Sea island
MANILA — Philippines on Tuesday said it completed the construction of a beaching ramp on Thitu Island in the South China Sea, allowing it to proceed with runway repairs. The development bolsters Manila’s maritime defense position amid ramped-up efforts by Beijing to assert its expansive territorial claims in the South […]
US cannot fix China in one day, says ex-diplomat in Hong Kong
WASHINGTON — The U.S. is making too many decisions on China too fast, preventing Washington from obtaining the policy goals it seeks, says Kurt Tong, a former U.S. consul general to Hong Kong. Tong spoke with Nikkei after U.S. President Donald Trump’s decision to start stripping Hong Kong’s special privileges […]