SUCCESSION – Making a Plan

US equity Indices slumped on Tuesday as traders await inflation data that could add to fears of higher interest rates pushing the economy into a recession. S&P 500 and Nasdaq 100 futures were in the green this week, but European contracts dipped. The S&P 500 Index pushed lower in the afternoon to close down 0.9%, clocking its…

Britan’s Most Valuable Tech Firm’s £24.3 Billion Takeover in Jeopardy What seemed to be the biggest major takeover of a UK company since leaving the European Union by the Japanese internet firm Softbank Group has been placed into doubt. The deal for the largest tech firm in the UK, Arm Holdings for £24.3 billion (29…

In the US the S&P 500 Index closed up 0.3%, with all 11 of the major industry groups rising, led by the energy and real estate sectors. The Nasdaq 100 Index climbed 0.3% as yields steadied above 3% and the Dollar fluctuated. The blue-chip Dow Jones Industrial Average rose 0.2%. After a blistering rally from…

UK government have confirmed QROPS ban on public sector and civil service pensions, but there is still time to act! Workers in the UK’s civil service and public services hoping to retire overseas via a QROPS have had their hopes dashed by a government ban on unfunded defined pension transfers. UK Chancellor George Osborne has announced…

Investors are likely to be feeling discomfort at the moment. Markets are on a rollercoaster ride with the S&P and the Nasdaq posting their worst returns in the past few weeks since the beginning of the pandemic. Wall Street saw wild swings in equity prices, with indices down 4% at one stage – only to…

US stocks posted a fifth straight losing week, their longest streak of declines in more than a decade, after a strong jobs report on Friday added fuel to concerns about surging inflation. The benchmark S&P 500 Index closed down 0.6% to bring its weekly loss to 0.2%. It hasn’t fallen for five straight weeks since 2011….