Articles
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3 weeks ago |
thetimes.com | Patrick Hosking
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3 weeks ago |
thetimes.com | Patrick Hosking
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4 weeks ago |
thetimes.com | Patrick Hosking
A quirk of the date on which Rathbones charges its clients led to the wealth manager missing out on an estimated £3 million of fees last month as President Trump dropped his “liberation day” tariffs bombshell. Rathbones charges some clients fees based on the size of their portfolios on March 31 but more than half are charged, unusually, according to their balances on April 4. The tariffs announcement on April 2 came between the two dates and sent share prices plunging.
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1 month ago |
thetimes.com | Patrick Hosking
Warren Buffett was magisterially dismissive when asked at the weekend about the recent turmoil in the share market. It was, he said, “really nothing”. The venerated 94-year-old stockpicker has for years preached the virtues of patience and the dangers of being unduly swayed by the short-term noise and gyrations in markets. That philosophy has paid off over the past month. The selling frenzy triggered by President Trump’s “liberation day” tariff threats on April 2 has now been entirely reversed.
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1 month ago |
thetimes.com | Patrick Hosking
The Church of England is threatening to sell its shares in the fast-food chain McDonald’s unless it engages more with church concerns about modern-day slavery. Dame Sara Thornton, a consultant on anti-slavery to the asset manager that runs £3.4 billion of church money, has rebuked the restaurants business for weak management practices, excessive worker hours and failing to address its concerns.
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