Mainland property developers surge as major Chinese cities prepare to alter land auction system
China Resources Land, Country Garden led gainers in Hong Kong as major cities to limit land sales to three times in 2021
Move seen as positive to lowering acquisition cost, improving margins and gearing for stressed developers
Merchants Trust turns defensive to protect dividend yield record
Rotating towards telecoms and housing-related stocks
Simon Gergel of Merchants Trust
The Merchants Trust shifted its exposure away from cyclical stocks towards more defensive sectors in 2020 in an effort to help sustain its 38-year dividend growth record, amid growing retail investor interest for the investment company.
Merchants, which currently offers a dividend yield of 6.1%, has been adding to telecoms, tobacco and housing-related stocks at the expense of holdings in sectors where it will take some time for dividends.
To continue reading.
Upgrade
Investment Week helps enlightened investment professionals to grow revenues and manage risk by reading the market more astutely via this industry leading title.
the pentagon says it s because there isn t a proper long-term detention facility in afghanistan. about 200 people are taking part in the peaceful protest against the killings in a neighboring province. u.s. defense secretary leon panetta is on his second day of his visit to afghanistan. around the time he was scheduled to arrive, an afghan national stole a vehicle and drove it on to the runway. the car crashed into a ditch. the driver later died. nato says panetta was never in danger. myanmar state television broadcast a campaign speech by pro democracy lead yee yeer ann sue chi. she called for reforms and media freedom, but they say some criticisms of the ruling punta were censored. the broadcast marks the first time myanmar s government has aired a speech by su chi. world business today starts right now. good morning. from cnn london, i m nina dos santos. and welcome to world business today. the top stories this thursday, march 15th. and also great for britain.
journalist from the daily telegraph joins us from kabul with the latest. what s happening today, and could this escalate? well, it seems to have already escalated. today s protests seem to be more violent and more furious than yesterday. there are several hundred people on the eastern side of kabul trying to get into the city center. they ve burned shops. there are reports that shots have been fired in the air to try to stop them. there are also protests in the eastern city of jie lal bad, where a dr. told us that one person has been shot dead and ten wounded. so it is escalating already. ben farmer from the uk s daily telegraph. thank you. kevin rudd has resigned as australia s foreign minister. he made the announcement as a hastily convened press conference in washington. he told them he would not be involved in a, quote, stealth attack on a prime minister. there had been speculation that rudd was trying to challenge julia gillard for leadership amid reports she w
reporting that the materials used in the bombs that went off on tuesday are similar to those that went off in attacks against diplomat diploma diplomats. bangkok says an iranian man threw grenades as he tried to flee only injuring themselves. he is facing criminal charges. the iranian government denies any link to the bombings. china s presumptive leader in waiting says he wants the u.s. and china to work together to find a better trade balance. xi jinping met with president obama in washington. he is expected to succeed hu jintao as china s president next year. world business today starts right now. good morning from cnn london. welcome to world business today. greece gets a slap on the wrist. the government still hasn t done enough to qualify for a new multibillion dollar bailout. the debt crisis dampens s europe s largest economy, germany. france is still expected to grow in the fourth quarter. and why twitter won t be going towards an ipo. supposing you re not