A new fund spun out from leading firm Odey Asset Management will not charge investors performance fees. The decision follows the move by renowned fund manager Neil Woodford not to award performance bonuses to staff earlier this year. As sentiment in the industry seems to turn against fees and bonuses, digital technology is enabling investors to demand greater transparency around how the fund is actually performing. Robert Van Egghen reports.
Oil rose to its highest level in a year after Russian president Vladimir Putin said that he backed efforts for a production cap in the clearest sign yet that the country would join any global supply pact. Speaking at an energy conference in Istanbul, Mr Putin said he hoped that the OPEC producers’ group would agree on output curbs for member nations at its next ministerial meeting in November. For more, Kevin Baxter, Global Commodities Spot Editor at the Wall Street Journal, joined Share Radio.
Driverless vehicles, low carbon propulsion and high speed rail are now concrete projects that will become reality in the future. But despite the opportunities, there are potential disruptions arising from these changes. To talk more about this David Bailey, Professor of Industry at Aston Business School, joined Share Radio Morning Money.
Georgie Frost is joined on the line by Hannah Maundrell, editor of money.co.uk. Today they discuss an investigation which has found Royal Mail has been responsible for delivering fraud letters as well as the news mobile phone companies are scrapping charges for switching networks. Plus how homeowners cashing in on Airbnb could be breaching their leases. All these stories and more on The News Review.
Blockchain technology seems to be the prize many financial institutions are chasing, but why?
From big banks to Fintech startups, creating a mainstream blockchain technology is the goal. The Blockchain Summit held in London today is a further testament to this, where delegates will discuss the next steps and long term impacts.
So what's standing in the way of this technology serving the public, and do we really need it?
To find out more, Matt Cox spoke to Garrick Hileman, a monetary innovation researcher and Economic Historian at the University of Cambridge and London School of Economics.
Talk property and tech and we tend to think of perhaps being able to sell a house via an online company, but tech is changing the entire property management landscape. For example, think smart buildings, highly connected spaces you can live and work in which could allow for better management of property.
Tom Carroll, is head of EMEA corporate research at JLL, who are about to publish a major report on how technology can and is transforming real estate. He joined Share Radio to discuss the moves in this sector.
Since the vote to leave the European Union the value of the pound has fallen dramatically with some options traders speculating it may reach parity with the dollar by the end of the year.
The fall has been taken by many to be an indication of the economic damage Brexit may cause to the UK economy. But rewind to ten months ago and the consensus among analysts seemed to be that the pound was actually rather overvalued, hurting Britain's competitiveness. So is a fall in the value of sterling such a bad thing after all?
Robert Van Egghen takes a look.
As the Bank of England investigates what caused the sudden "flash crash" of Sterling on Friday, plunging 6% in value in two minutes, many are pointing fingers to algorithmic traders.
These so-called robotic automated systems have been on the rise - and now there are concerns surrounding oversight, and how to stop these crashes happening again.
Matt Cox spoke to Ken Odeluga, a Market Analyst at City Index to find out more about algorithmic traders.
A week is a long time in politics - UKIP; Fracking protesters; and the pound all got a pummeling, didn't they? Welcome to the This is Money podcast, produced in partnership with NS&I. This week, Share Radio’s Georgie Frost is joined by Editor Simon Lambert and journalist Ellie Lawrie to take a look at the week’s biggest financial stories. And we start with the speech. Which speech? Don’t be silly. Theresa May capped off the Conservative Party conference with an entreaty for the Tories to be the Peoples Party, but more importantly for our purposes, the PM gave some strong signals of protectionism and increased toughness on Business. Energy, pensions, transport – few sectors escaped her view. And we’re in no doubt about a Hard Brexit now, so how are May and Chancellor Hammond going to navigate this one? To further complicate matters is a near-perfect negative correlation between a plunging Sterling and a soaring FTSE. What are we to make of this?
We’ll also be admonishing you to get your affairs in order, that is write a will. Few things ruin a family quicker than money, and family disputes over inheritances are on the rise in this country. We want to make sure your estate is dealt with in the way you intend, without breaking up the home. We’ll also be looking at ways of spending a windfall, the hyper-hyper-inflation of the new £5 note, and … you hear that? The carols are here early, and it’s time for a look-ahead to the toys on every kids’ Christmas list this year. (Sorry, but you really ought to get started early this year, they’re not cheap).
This is Money is presented by Georgie Frost, in partnership with NS&I.