Gross redemption yield (GRY) is an inaccurate and inappropriate measure of bond value because it rejects the concept that a longer investment and coupon re-investment term equates to a riskier investment and should therefore attract higher rates of return.
In the past year, there have been several major aviation incidents. Randhir Bilkhu considers the risks to airline insurance and the factors affecting profitability
Adrian Waddingham CBE, co-founder of Barnett Waddingham, explains to Richard Purcell and Jessica Elkin how a positive approach has unlocked a career full of opportunities