Why an England Euro 2016 defeat will wipe billions off stock markets June 9, 2016 After a disappointing 2014 World Cup, the nation is eagerly awaiting the start of Euro 2016. With a 100 per cent record in the qualifiers, and currently priced at 8/1 fourth favourites, England are quietly confident that they can at least emulate their semi-final appearance 20 years ago. But it shouldn’t only be football fanatics [...]
Survival of the fittest: Why clever collaboration with other parts of the market will change the game for platforms and investors June 9, 2016 Demand in the crowdfunding sector has grown on a huge scale in recent years. Total transaction volumes increased by 85 times between 2012 and 2015, from £3.9m to £332m, according to Nesta. But the industry still has a long way to go. How platforms have developed in recent years, in line with increasing demand and [...]
At the close: FTSE 100 makes it four positive days on the bounce as commodity prices climb June 8, 2016 A rebound in commodity prices gave a boost to the resources and energy heavy FTSE 100 today, moving it ahead of European markets. The index rose by 16.99 points, or 0.3 per cent, to 6,285.21 points, making today its fourth positive session on the bounce. Oil prices continued their recent rally, climbing to their highest price in around eight months. [...]
Before the bell: What you need to know before the US market open June 8, 2016 Mixed data out of China is giving economists and experts hope the country is headed for a soft landing, while Hillary Clinton has given her first speech as the presumptive Democratic presidential nominee. Here's what you need to know before the US open at 14:30 London time. US stock futures are looking up ahead of the open. The [...]
Recently listed CMC Markets lures in the traders to boost its profits; as chief executive Cruddas waves away Brexit “scare mongering” June 8, 2016 Recently listed CMC Markets proved it was quite a catch for traders in its results for its year ended in March, with trading activity significantly increasing. The figures The derivatives dealer revealed that its profit before tax had grown to £53.4m, up 23 per cent on the prior year's £43.5m. Meanwhile, net operating profit increased [...]
Sadiq Khan won’t improve life for London’s renters by wrapping buy-to-let landlords in red tape June 8, 2016 A “referendum on housing.” That was how Sadiq Khan described the London mayoral contest. Access to housing that Londoners can afford is certainly critical to the future success of the capital, and at the heart of the mayor’s plans are substantial reforms to private rented property. As the voice of private landlords, we welcome debate about [...]
At the close: Gushing oil pushes the FTSE 100 higher as miners slip after recent gains June 7, 2016 The FTSE 100 managed a modest rise today, falling back from much bigger gains directly after the open. The blue-chip index added 0.2 per cent to close at 6,284.53. The initial burst came as a result of Royal Dutch Shell earmarking 10 per cent of its oil and gas production assets for sale, which would result in the [...]
Price conscious, sceptical and socially responsible: Wealth managers face millennial challenge June 7, 2016 Wealth managers should target the growing number of millennial investors, a new report has advised. Millennials, defined as those born between 1980 and 2000, currently account for 10 per cent of global private wealth, according to the Boston Consulting Group. This proportion is forecast to increase to 16 per cent by 2020. Read more: The City’s philanthropic heritage [...]
Before the bell: What you need to know before the US market open June 7, 2016 Markets are still cheering Yellen all but taking the June interest rate hike off the table and the Associated Press has called the US Democratic presidential nomination for Hillary Clinton ahead of today's primaries across the country. Here's what you need to know before the market open at 14:30 London time. Markets are still riding the wave [...]
BP Marsh & Partners profits almost double as well-selected investments continue to deliver June 7, 2016 BP Marsh & Partners appears to have laid its stakes wisely, as the specialist venture capital provider announced today that its profits had almost doubled in its year to the end of January. The figures Profits before tax at the company grew to £10.7m, up 81.3 per cent compared with £5.9m the year before. Meanwhile, the company's net asset value [...]