6 h. ago SJP investment boss warns US risk profile has 'fundamentally changed'

St James's Place has cut exposure to US stocks within its £16.4billion Polaris 4 fund as the wealth manager becomes increasingly wary of the world's biggest market.

Events

2 w. ago It’s also a ‘new era’ for share prices in the defence sector

Nato’s spending splurge has made Babcock hot – a sign fundamental change in dull income defence stocks is happening It’s a miracle. Babcock International, the defence contractor with a specialism in kitting out the UK’s nuclear submarines, has emerged from the depths. After about half a decade in which the story was mostly about cost overruns, acquisition indigestion, accounting woes, pension deficits and too much debt, Babcock is suddenly back in the FTSE 100 index and is a hot stock. The share price has more than doubled this year.Of course it’s not really a miracle because the performance is easily explained. A fix-the-basics strategy was started in 2020 under ex-Cobham boss David Lockwood and has worked. The last of the badly performing major contracts – to build first-of-a-kind Type 31 frigates for the Royal Navy – is no longer spitting out provisions. Continue reading...

Politics

2 w. ago ‘This is a fight for life’: climate expert on tipping points, doomerism and using wealth as a shield

Economic assumptions about risks of the climate crisis are no longer relevant, says the communications expert Genevieve GuentherClimate breakdown can be observed across many continuous, incremental changes such as soaring carbon dioxide levels, rising seas and heating oceans. The numbers creep up year after year, fuelled by human-caused greenhouse gas emissions.But scientists have also identified at least 16 “tipping points” – thresholds where a tiny shift could cause fundamental parts of the Earth system to change dramatically, irreversibly and with potentially devastating effects. These shifts can interact with each other and create feedback loops that heat the planet further or disrupt weather patterns, with unknown but potentially catastrophic consequences for life on Earth. It is possible some tipping points may already have been passed. Continue reading...

Economics

3 w. ago Pilot of ‘transformative’ minimum income proposed after Scottish election

Charities, campaigners and academics call for ‘fundamental change to the social contract’

Politics

3 w. ago Starmer facing challenge to intervene on assisted dying vote after more than 50 Labour MPs demand Commons delay

Exclusive: The dramatic late intervention comes in a letter to Leader of the House Lucy Powell from Labour MPs warning that there has not been sufficient scrutiny of a bill which will ‘fundamentally change’ healthcare

Politics

last month Chadwick encouraged by female participation in motorsport before Le Mans debut

Briton to race in LMP2 class for French IDEC team‘In the next decade we’ll see a huge transition’Jamie Chadwick believes motor racing is undergoing a fundamental change in female participation, a transition the British driver has played a central role in. Chadwick is committed to taking it even further as she prepares to compete for the first time in the endurance classic, the Le Mans 24 Hours, this weekend.The 27-year-old has long been an advocate of promoting women in motorsport, including founding her own female karting championship, and is convinced the motor racing landscape is finally beginning to change. Continue reading...

Politics