Tense

Published on 29-05-2020 13:45:38

It’s tense out there today.

President Trump’s throwing his weight – slamming social media companies, fanning the flames of riots in Minneapolis and escalating a Cold War with China – all in the space of 24 hours.

China, meanwhile, is doing some weight-throwing itself. Markets have reacted to it all by petering out after yesterday’s gains.

As lockdowns start to loosen from Croatia to Australia, being unable to go digital is putting companies in intensive care. Cases in point: Rolls-Royce, Nissan and Renault, while Virgin Media and those selling 250-year-old Cognac adapt to the times. But the Premier League boardroom must be tense – matches are restarting with virtual crowd cheers. Might empty stadia hand TV companies even more influence over sport?

Tension is present in every corner of the UK. HMRC clashes with General Electric to the tune of £1bn, the government silences its scientists on Cummings, and Brexit negotiations turn sour once again.

With the number of companies reporting gender pay gap data halving since last year, fears and tensions also rise over the pandemic’s impact on gender equality. In banking, things look glum for bellwether mortgage lender Nationwide as profits slip 44%, and Royal Bank of Canada reveals that credit loss provisions are up 600%.

Fancy a flutter to ease the mood? The world’s biggest gambling group, Flutter, gets £812m of fresh capital, while property investors are wondering whether to stick or twist. China, meanwhile, is betting on REITs to boost growth.

And for those putting their money on a ’V’-shaped recovery, an investment trust such as Seneca Global Income & Growth Trust might be a great call, highlighted in our review today.

And finally, the London Stock Exchange will have a new website next Monday. Email issuerservices@lseg.com to get your log-ins and make sure that you’re telling your story to millions of investors.

Have a great weekend and sleep well.

Perhaps on the most environmentally friendly bed ever made?

The Stream Team

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