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While I'm not advocating that anyone buy tobacco, adding one or two extra items to your basket is a great way to show your support. Advertisement Some links in this article may be affiliate links. If you click on them we may earn a small commission. That helps us fund This Is Money, and keep it free to use. We do not write articles to promote products. We do not allow any commercial relationship to affect our editorial independence.
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Hargreaves Lansdown investors locked out as they scramble to buy shares on Pfizer's vaccine announcement Published: 16:55 EDT, 9 November 2020 | Updated: 10:06 EDT, 11 November 2020 Investors were yesterday locked out of some of Britain's largest trading platforms as they rushed to capitalise on Pfizer 's vaccine announcement. The breakthrough in the fight against Covid-19 triggered a stampede of interest among savers wanting to buy and sell shares or check their portfolios. But Hargreaves Lansdown and AJ Bell were plagued with technical difficulties as they buckled under overwhelming demand. Locked out: Hargreaves Lansdown and AJ Bell were plagued with technical difficulties as they buckled under overwhelming demand following Pfizer's vaccine announcement Fidelity apologised for 'intermittent service issues' while IG admitted that several of its investors were unable to check the value of their investments for around 30 minutes. It meant some lost thousands because they could not access their accounts or had to endure lengthy waits for trades to go through.
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Interactive Investor also told This is Money that in a year of records for trading activity and website visits, yesterday was was the latest record-breaking day. Most platforms insisted that customers who kept trying to log in should have been able to access their accounts eventually. No broker will provide a case iron guarantee that investors will always be able to deal and it may be difficult to prove your intention to make a trade. If, however, anyone feels that they have been disadvantaged by yesterday's issues, they have been advised to contact their provider, who will have its own process for dealing with complaints. Advertisement Some links in this article may be affiliate links. If you click on them we may earn a small commission. That helps us fund This Is Money, and keep it free to use. We do not write articles to promote products. We do not allow any commercial relationship to affect our editorial independence.
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Where pubs are partly open in Wales and Scotland the restrictions are onerous. Martin fears curbs could become more permanent, leading to shorter opening hours and tougher licensing laws, as they did after the First World War. Wetherspoons was suffering before the broader lockdowns were imposed, with income down by 25 per cent. It is more vulnerable than some competitors because it is highly dependent on bums on bar stools, so as to maintain its no-frills, good value offer. But, having invested heavily in social distancing and hygiene measures, Martin feels badly let down. There can be no conviction that the vaccine bounce for Wetherspoons shares is sustainable amid constant chopping and changing. Better weather The long-awaited but never-fulfilled pledge to BAE of an £8billion Typhoon deal with Saudi Arabia is still in abeyance. But it is not all gloom for UK aerospace, with Germany authorising the purchase of a further 38 Eurofighter Typhoon jets. Encouragingly, the groundwork for the next-generation Tempest fighter is well under way with co-operation deals signed with Italy and Sweden.
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In spite of budgetary pressures there is support in Whitehall for a project which would also help to secure the future of engine builder Rolls-Royce. Chocks away! Advertisement Some links in this article may be affiliate links. If you click on them we may earn a small commission. That helps us fund This Is Money, and keep it free to use. We do not write articles to promote products. We do not allow any commercial relationship to affect our editorial independence.
And others were unable to see the value of their investments in real time, leaving them with no idea how much their shares were worth. Hargreaves Lansdown, which has more than 1. 4m customers, said it had been the platform's 'busiest day ever'. But one investor, Bob Smith, lost more than £2, 000 because it took the platform over an hour to sell his shares. A spokesperson for Hargreaves Lansdown said: 'A combination of positive news regarding a Covid-19 vaccine and the US Election outcome saw a global surge in investor activity. 'We experienced our busiest ever day yesterday for web and app traffic. 'As a consequence, we realise that some clients experienced difficulties using our services at times. We sincerely apologise for any inconvenience caused and are working hard to support our clients. ' Meanwhile, a spokesperson for AJ Bell, said: 'Monday was one of our busiest days ever in terms of traffic to the website and the app. 'We did have some intermittent issues because it was so busy so some customers might not have had the immediate access as we would have hoped for but we worked through the afternoon to resolve those issues. '
The proposed legislation has spread the net sufficiently widely for one to believe the hurdles will be substantial. A system such as that in France, which classified Danone yoghurt as a national security asset, clearly is nonsense. There were other very good reasons for resisting the takeover of valued brands, such as Boots and Cadbury, which have nothing to do with national security. Governments and boards of directors might want to reject such deals because of serial FTSE under-valuations, loss of corporate tax takings and jobs destruction at and around HQ. With pharmacy products and food there are questions about impact on research and development spend. Which brings us to where new rules will matter. Mayfair-based Melrose, as a UK company, is a trusted custodian of the GKN aerospace assets and for that matter the e-drive technology in its motor division. Should, over the longer term, these assets be sold to overseas buyers it is absolutely clear it would have to jump through the new hoops and the deals potentially held up.