rupture

United Furniture owner 'disappeared' after laying off 2,700 workers: sources

United Furniture owner ‘disappeared’ after laying off 2,700 workers: sources

The owner of United Furniture Industries – who last week fired 2,700 workers by text and email while they slept – disappeared after arguing with the company’s board and bankers over whether to file for bankruptcy, The Post has learned. David Belford, a wealthy businessman from Ohio, has remained a mum since the layoffs of …

United Furniture owner ‘disappeared’ after laying off 2,700 workers: sources Read More »

Investment: Active or Passive?

Investment: Active or Passive?

The merits of active and passive investing have been debated for years. On average, 35% of active equity funds outperformed their passive counterpart in the 12 months ending June this year, according to Morningstar’s Asset/Liability Barometer, which tracks the performance of 30,000 European-domiciled funds managing €7 billion (£6 billion) in assets. Active and passive: the …

Investment: Active or Passive? Read More »