A £1-share with a $50-billion plan

A £1-share with a $50-billion plan

It takes a magnifying glass to locate the Isle of Man on a map, however, in the financial industry at least, the tiny speck of land in the Irish Sea is proving to be an increasingly serious contender. Last year, this island of 80,000 inhabitants achieved 10% GDP growth, mostly on the back of its burgeoning financial industry. Finance companies have to pay a flat 10% tax on profits, and thanks to its semi-independent status, the Isle of Man does not fall under the scope of bureaucratic European finance legislation.

Watching trees grow has never been so interesting…or profitable

Watching trees grow has never been so interesting…or profitable

Forests have long been considered a steady, yet boring investment. But recently, an upturn in timber prices has led to a renaissance in timber shares. However, none of this was felt at Highland Timber plc, a tiny English forest company listed on London's AIM market. Ever since the mid-1990s, the share price has only ever gone downward. That is, until a few months ago.