UK, eurozone factories bounce back; US-China tensions rise over TikTok – business live | The Guardian – on August 3, 2020 at 11:24 am

UK factory output at three-year high, Eurozone output highest since April 2018 – PMI surveysGold hits new record high of $1,984.66 an ounceTikTok reportedly relocating to London as Microsoft confirms acquisition plansHSBC steps up 35,000 job cuts amid Covid-19 profit plunge 12.24pm BST Another company has fallen victim to the Covid-19 pandemic: The sports and gym firm DW Sports has gone into administration, putting 1,700 jobs at risk, writes my colleague Mark Sweney.The group, which was founded by former Wigan Athletic owner Dave Whelan, operates 73 gyms and 75 retail stores across the UK. The company, which said its e-commerce website will cease trading immediately, announced plans to shut 25 of its stores last month as the coronavirus lockdown wiped out its income. Related: DW Sports goes into administration, putting 1,700 jobs at risk 12.20pm BST Investors could be forced to give up to six months’ notice before being allowed to pull their money out of property funds, under proposals from the City regulator, the Financial Conduct Authority.At the moment, investors in open-ended property funds can buy and sell units frequently, often daily. But the underlying properties in which these funds invest cannot be bought and sold at the same speed. This creates a liquidity mismatch, the FCA explained. We think that our proposals will help further our consumer protection objective by reducing the number of fund suspensions, preventing unsuitable purchases of funds, and by increasing product efficiency for fund managers.‘We want open-ended funds to provide a structure through which investors can safely invest in less liquid assets which offer attractive expected returns and at the same time supports investment that benefits the wider economy. Continue reading…

Another company has fallen victim to the Covid-19 pandemic: The sports and gym firm DW Sports has gone into administration, putting 1,700 jobs at risk, writes my colleague Mark Sweney.

The group, which was founded by former Wigan Athletic owner Dave Whelan, operates 73 gyms and 75 retail stores across the UK. The company, which said its e-commerce website will cease trading immediately, announced plans to shut 25 of its stores last month as the coronavirus lockdown wiped out its income.

Related: DW Sports goes into administration, putting 1,700 jobs at risk

Investors could be forced to give up to six months’ notice before being allowed to pull their money out of property funds, under proposals from the City regulator, the Financial Conduct Authority.

At the moment, investors in open-ended property funds can buy and sell units frequently, often daily. But the underlying properties in which these funds invest cannot be bought and sold at the same speed. This creates a liquidity mismatch, the FCA explained.

We think that our proposals will help further our consumer protection objective by reducing the number of fund suspensions, preventing unsuitable purchases of funds, and by increasing product efficiency for fund managers.

‘We want open-ended funds to provide a structure through which investors can safely invest in less liquid assets which offer attractive expected returns and at the same time supports investment that benefits the wider economy.

Continue reading…


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What Are
Geo-Poli-
Cyber™ Risks?

What Is Geo-Poli-Cyber™?

MLi Group created the terms Poli-Cyber™ and Geo-Poli-Cyber™ (GPC™) in 2012 and 2013 based on the philosophy that if you cannot identify and name the threat, you cannot mitigate that threat.

Geo-Poli-Cyber™ attacks are political, ideological, terrorist, extremist, ‘religious’, and/or geo-politically motivated.

More Sinister Than Financial Motivations

Geo-Poli-Cyber™ attacks are significantly different from financially motivated cyber-attacks in damage, scale, magnitude as well as in risk mitigation strategies and solutions.

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