Updated: Fri, 21st Apr. 07:09:25
(ShareCast News) - The president of the World Bank has told Theresa May that cutting the UK's aid budget could lead to an increase in conflict, terrorism and migration and would damage Britain's international reputation. In a strongly worded response to reports that the government was considering dropping its commitment to devote 0.7% of national income to aid each year, Jim Kim said the money the UK provided was vital not just for developing countries but for the future of the world. - Guardian
Tata Steel could pay more than £500m into its UK pension scheme as part of a deal with regulators that involves the Pension Protection Fund taking a stake in the business. The Indian-owned company needs to find a solution to its pension scheme to secure the future of its UK operations, which employs 8,000 workers and includes the Port Talbot steelworks in south Wales. Tata Steel is trying to hive off its historic liabilities before merging its European steel operations with German company ThyssenKrupp. - Guardian
Pay for chief executives at Britain's biggest companies is on the decline as a fresh wave of shareholder activism appears to be driving restraint. Analysis of the first 40 blue-chip businesses to publish their remuneration reports has revealed that 42.5pc of their bosses did not get a salary increase this year. Consultancy PwC examined remuneration documents of the FTSE 100 businesses to get a snapshot of how pay policy is shaping up. - Telegraph
The Bank of England is moving further away from its hopes to see more women in top jobs, with Mark Carney's former adviser Jenny Scott the latest senior female executive to leave the Bank. Ms Scott, who was an adviser to the governor for a year before becoming the Bank's executive director of communications in 2014, is leaving at a sensitive time for the central bank, which has faced fresh criticism over its lack of senior female staff following a string of exits. - Telegraph
Christine Lagarde has called on countries to pull together in the fight against a damaging retreat into protectionism amid mounting evidence that a global trade war is already under way. The managing director of the International Monetary Fund said there had been a worrying increase in the number of trade violations over the past two years and described the apparent breakdown in relations between countries as "an issue that needs to be addressed". -The Times
BT will be forced to open up its broadband network to rivals, making it cheaper and easier for them to build competing fibre networks to homes, under plans set out by Ofcom yesterday. In a move designed to boost competition and offer consumers faster and cheaper internet access, including full fibre connections to their living rooms, the industry regulator said new rules would be introduced next year. - The Times
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They say “breaking up is hard to do” but in financial market break-ups spinoffs can be very profitable and give companies a new lease of life.
A spinoff is the creation of an independent company or in some cases more than one company through the sale or distribution of new shares of an existing listed company to shareholders holding the parent company at a certain date.
Three years ago I came up with the concept for a investment-focused podcast for the ShareTalk website I work on, called Conkers' Corner after my Twitter handle of @conkers3, and five months ago the first recording was made. Below are some of the lessons I have learned or have been reinforced during these years.
The concept of Conkers' Corner is very simple yet extremely educational and beneficial for all: the participants in the podcasts and interviews since I started in May 2016 have included shrewd investors/traders, ISA millionaires, high net worth individuals, business leaders, CEOs, highly respected fund managers and investment writers.
There’s a great debate in the financial industry about which type of analysis produces the best results for traders - is it better to be a technical trader or to rely on the fundamentals?
Is there a common ground between the two? We’ve all heard the phrase All roads lead to Rome. In this article we’ll explore whether this applies to the financial markets.
Graham Spooner, investment research analyst at the Share Centre, picks three top shares among the most popular purchases by equities clients in the last seven days.