Dobson stepping down as Schroders chairman

City grandee Michael Dobson is stepping down as chairman of Schroders, ending a two-decade reign at the helm of the FTSE 100 investment manager that counts the Queen among its clients. In a note in Schroders’ annual report published on Friday, Mr Dobs...

Bank of England keeps rates at nearly zero and says could expand asset purchases if necessary

The Bank of England voted unanimously to keep interest rates at 0.1% and maintain its £200 billion program of buying UK government bond and sterling non-financial investment-grade corporate bond purchases. "Regarding the impact of asset purchases, gilt yields fell significantly following the previous week's special MPC meeting and the commencement of additional gilt purchase operations from 20 March. If needed, the MPC can expand asset purchases further," the central bank said.

Markets Now – Wednesday 25th March 2020

Money market funds saw record inflows in March as risk assets collapsed. Systematic/HF selling is well advanced, but equities remain vulnerable to LO/Retail capitulation and are losing the bid from buybacks amid a worsening earnings and macro outlook....

Stocks – Europe Pushes Higher on Stimulus Agreement

European stock markets pushed firmly higher Wednesday, with investors breathing a sign of relief that U.S. policymakers have managed to come together to deliver a massive rescue package to bolster the country’s beleaguered economy. Shares in German co...

FirstFT: Today’s top stories 

FT subscribers can  click here to receive FirstFT every day by email. The Trump administration and congressional leaders struggled to reach a deal on fiscal stimulus measures worth nearly $2tn to help ...

European stocks drop about 4% at the open

European stocks opened with heavy losses on Monday, with the German DAX dropping 4.5%. It came after a weekend in which coronavirus cases spread in the U.S. and Europe with the shorthanded U.S. Senate failing to advance a stimulus package. German Chan...

Shell/dividends: holding on for now

A FTSE 100 company announcing cost-cutting measures is hardly surprising right now. Adjusting to a tremendous collapse in the Brent crude oil price — down by almost half in just one month — tests the mettle of all oil producers. “Shell has weathered ...

Investors braced for big dividend cuts

Investors are braced for savage cuts in dividends across the FTSE 350 as companies hoard cash to see them through the coronavirus crisis. On Monday, a further wave of dividend suspensions and cancellation of buybacks were announced by companies scramb...

“A budget is telling your money where to go instead of wondering where it went”

Dave Ramsey
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