Get ready for another bout of Fedspeak when the US Federal Reserve holds interest rates this evening April 27, 2016 The US Federal Reserve will not be raising interest rates this evening. Neither will Janet Yellen – or anybody from the rate-setting Federal Open Markets Committee (FOMC) – be holding a press conference to announce the non-decision. That won't be enough to stop markets working themselves into a frenzy at around 7pm when a written [...]
Ooof: Twitter just hit a fresh all time low as it unveils Connect Tab, yet another new feature May 3, 2016 Poor old Twitter just can't catch a break these days, even with a new feature for users. The slow car crash that is Twitter just skidded to a new all time low, touching $13.90 as markets opened in New York after tumbling nearly three per cent. Shares last week tumbled under $15 for the first time since [...]
Tidjane Thiam facing a second consecutive quarterly loss at Credit Suisse May 8, 2016 Tidjane Thiam is set to come under more pressure this week when Credit Suisse reports its first-quarter results. Thiam took over as chief executive of the bank from insurance group Prudential last July. Since then, Credit Suisse's share price has plummeted by around 50 per cent to $14 (£9.70). [charts-share-price id="250"] Read more: Credit Suisse braces for bumpy road ahead The [...]
Yields on UK government debt have just hit a record low ahead of the EU referendum June 9, 2016 The price of government debt in both the UK and Germany hit record lows today, as investors rushed into safe haven assets with the EU referendum and further monetary stimulus on the horizon. The yield on the benchmark 10-year UK bonds hit 1.22 per cent this morning, the lowest since Bloomberg starting tracking the cost of debt [...]
EU referendum: Survey shows that firms will stop hiring because of vote, but only if the UK votes for Brexit May 5, 2016 Employers say that jobs will be at risk if Britain votes to leave the European Union, but few are actually cutting back on hiring in the run-up to the vote, according to a new survey by recruitment firm Reed. A clear majority – 85 per cent – of businesses said that the EU referendum had [...]
Why this boutique investment bank sees positives no matter which way the EU referendum goes May 2, 2016 It's difficult to find many investment banks feeling cheery about 2016. Global first-quarter revenues dropped to their lowest levels since 2009. Banking giants have reported double-digital percentage profit falls. And thousands of jobs have been lost. But Zeus Capital, a boutique investment bank founded in 2002, offers a success story. Albeit while operating on a [...]
It’s like Airbnb, but for lawyers: New online platform for legal market due to launch in the summer May 9, 2016 The legal eagles have soared into the sharing economy, as Lawyers On Demand has today announced that it is launching an online marketplace for legal services. Spoke will allow businesses looking to build their in-house teams or law firms looking for some extra help to hire lawyers who have some spare hours that are not currently being used for [...]
Twitter changes 140-character limit (giving investors more room to moan about stock falling to fresh lows ) May 24, 2016 Twitter has confirmed speculation that it will no longer count images, links and more within the 140-character limit on tweets, giving you plenty more room to share exactly what you're thinking. For Twitter and its investors, that may not be a good thing, as the troubled social network received another downgrade from a Wall Street analyst, sending shares to an [...]
Global investment banking fees fall 29 per cent year on year to lowest first quarter since 2009 April 4, 2016 Global investment banking fees fell 29 per cent year on year in the first quarter of 2016, according to new figures. Global fees reached $16.2bn (£11.4bn) by the end of March this year – making it the lowest first quarter since 2009, according to Thomson Reuters figures out today. Read more: Investment banking revenue plummets to [...]
UK’s newly found entrepreneurial ecosystem must be protected from Brexit negativity, says Business Growth Fund chief executive August 1, 2016 It’s difficult to imagine Stephen Welton, the chief executive of the Business Growth Fund (BGF), in a Gymbox, a company whose Twitter biography reads: “We believe that going out and working out should be one and the same thing, and that hot and sweaty exercise should be pure unadulterated entertainment.” “I don’t know if you’ve [...]