New Delhi: Economic disruptions caused by the coronavirus pandemic may have warranted several compliance and financial reporting relaxations, but experts and officials cautioned on Sunday that relaxing the mandatory closure of trading window for 'insiders' might go against the interest of investors. There has been demand from promoters and others classified as insiders with regard to stock market trading that this restriction should also be relaxed as capital markets regulator has eased the timelines for filing of financial results for listed companies. Under the Sebi's Prohibition of Insider Trading Regulations, "Trading restriction period shall be made applicable from the end of every quarter till 48 hours after the declaration of financial results. The gap between clearance of accounts by audit committee and board meeting should be as narrow as possible and preferably on the same day to avoid leakage of material information.” Accordingly, the trading window closure for … [Read more...] about Relaxing trading window closure for ‘insiders’ may go against investors’ interest, say experts
Free market capitalism
Miliband's Treasury team, under Balls, has cited a YouGov poll which has found that 81% believe that politicians who say household incomes have grown faster than price rises, as George Osborne claimed last month, are "out of touch". But they were stung by a Guardian/ICM poll on Tuesday showing that 40% of voters had confidence in the Tory chancellor and the prime minister's ability to handle the economy, up from just 28% in June. Shadow chancellor Ed Balls and Miliband were well behind on 24% despite enjoying a five-point jump in their own rating over the same period. … [Read more...] about Ed Miliband to attack coalition over ‘cost of living crisis’ in UK
Hype talks, but money walks. The early euphoria in the cannabis stock market has been replaced by a major dose of paranoia. All cannabis stocks have tanked, with an average 50% wipeout in value right across Canada and the US in the last year. Major players such as Aurora Cannabis took the biggest hit, with its shares falling from US$12.83 in March 2019 to US$2 today. Another bud behemoth, Tilray, has also had its share price slashed by 80%, from over US$81 to US$16 within a year. Other cannabis giants including Aphria lost 60% of their paper value in 2019, while Canopy Growth sank by 54%. Financing has dried up for the new industry, and small-scale retail investors – often young professionals investing via smartphone apps – have lost large sums of money. None of this is to assert that Canada’s policy has been a failure. If we compare it to the UK cannabis industry, where illegally trafficked children have been found enslaved in abandoned buildings growing cannabis for … [Read more...] about Stoners cheered when Canada legalised cannabis. How did it go so wrong?
I’m just disappointed (though by no means surprised) that so many think this is a problem of branding or superficial marketing. It isn’t the name that’s the problem; it’s the damage caused to the integrity of conservatism (the philosophy) by the antics of Conservatism (the political party). If the party did much more of what it says on the tin, the doubts about honesty, trust and appeal would dissolve as its reputation would be enhanced by probity and authenticity. Good grief, the party can’t even get its own members to believe its own manifesto pledges any more - this won’t be solved by a name-concealer or a bit of political camouflage. Plastic surgery can’t heal a broken heart. … [Read more...] about Do the Tories have any claim to be the Workers’ party?
After lunch at the Alpine cafe in the capital Douglas, we see the ruins of Peel Castle. The next day we visited Laxey Wheel (the largest working waterwheel in the world) and climbed the mountain of Snaefell, from which on a clear day you can see the six kingdoms. … [Read more...] about Writer embarks on year-long mission to explore UK’s greatest towns & cities