A clever bank meets an unsophisticated customer with a huge pile of cash. The customer and the cash part company. Did the bank do anything wrong? Simon Wilson investigates.
The FTSE 100 saw a sharp rise yesterday after the Bank of England cut interest rates to 0.25% and extended its quantitative easing programme. The index closed up 1.6% at 6,740.
Reinvested dividends are crucial to long-term returns, so sterling’s plunge is good news.
With tepid economic growth and a strong dollar, US stocks may struggle. But they are unlikely to slide.
A power struggle between the shambolic, corrupt regime of South Africa’s President Jacob Zuma and the country’s finance minister, Pravin Gordhan, means a volatile few months for the rand.
A monthly survey of global fund managers suggests they are holding more cash than at any time since September 11 2001. John Stepek looks at what’s going on.
The no-frills airline was a rare success in a cut-throat business, but headwinds are building fast, says Ben Judge.
The death of King Bhumibol Adulyadej of Thailand could deepen the country’s political divide and knock a post-coup recovery off course.
Samsung’s handling of the Galaxy Note 7 fiasco has been a disaster for the company, says Ben Judge.
William Hill is in talks with Canada’s Amaya, owner of PokerStars – the world’s largest online poker business – about a £5bn merger. But is it a good idea?
It’s been a poor year for initial public offerings – the value of flotations in the first three quarters of 2016 totalled $82.5bn worldwide, compared with $190bn at this stage in 2014 and $123bn in 2015.
Investment trusts are cheap for a reason – but not one that should stop us snapping them up. Merryn Somerset Webb talks to fund manager Nick Greenwood.