Ardevora’s Jeremy Lang has pinned the high volume of double-digit share price falls in recent weeks on the fallout from management running firms with only a “narrow margin of error”, while explaining why he has avoided the businesses that have been hit particularly hard.
Texas and Louisiana are slowly edging towards calm after Hurricane Harvey battered the Gulf Coast, leaving devastation in its wake. As the states prepare for recovery, the insurance and reinsurance industries have kicked into overdrive. Insurers likely to feel the harshest sting are those
European stock markets dropped across the board Monday, with so-called risk assets rattled after North Korea conducted a nuclear bomb test and was said to be preparing for a possible launch of another intercontinental ballistic missile. The Stoxx Europe 600 index SXXP, -0.52% fell 0.5% to close
The U.S. dollar was little changed on Friday and for the week, amid choppy trade that saw the currency recover from a short-lived downdraft following weaker-than-expected jobs report. The closely watched jobs report showed that the U.S. economy added 156,000 jobs last month, while
Nationwide Building Society has admitted that some of its longest-standing insurance customers are being charged more than double the rates new customers are asked to pay. The building society is the latest of many firms to confess to a rip-off known as “price differentiation”,