Hands up all FDs and treasurers who think it’s a good idea to put about a sixth of your spare corporate cash into an asset that generates no yield, costs a lot of money just to hold, and which has generated a compound annual return since 1980 of minus 5.9%. No, we didn’t think so. Strange then the fuss – especially from the one-time party of business, the Tories – over Chancellor Gordon Brown’s decision to flog more than half our gold reserves. We did think it odd, however, that Brown should have alerted the bullion market as to his intentions, thereby queering his own pitch. He might have been better off turning the lot into naff jewellery and selling it on the QVC shopping channel.
View our archived webinar, including Oracle and a host of ‘Fast Data’ experts, to discover how financial professionals can help create a Fast Data business
Reinmoeller, professor of strategic management at Cranfield School of Management, has proposed an Eight Actions Model to help organisations increase margin and perform ahead of market expectations
When thinking about Iran as a potential market it’s important to go in with open eyes. This means being aware of some of the myths as well as being clear on the challenges
Third of UK companies with defined benefit pensions schemes are paying out more from their scheme in pensions than is being received in contributions