Think locally, invest globally: Why Brexit isn’t the calamity some fear November 1, 2017 A year after the Brexit vote, the UK has managed to avoid a bear market and recession. Still, global diversification remains a key tool for investors. Fifteen months after Brits voted to leave the EU, the UK government is slowly ploughing ahead with Brexit. Invoking Article 50 of the Lisbon Treaty in March was the [...]
Last week’s UK referendum result boosted fine wine sales to Asia June 30, 2016 The fall in sterling after last week’s Brexit vote led to a spike in fine wine sales to Asian buyers. As the pound dropped to a 31-year low, a global fine wine and spirits merchant BI generated a week’s revenue in six hours on its online trading platform. Sales to Asian buyers jumped eight times [...]
President Xi’s economic aim and the China Dream October 27, 2017 Following the opening of the 19th National People's Congress in Beijing, our chief economic strategist Gerard Lyons gave his personal view on President Xi's main speech. Our investment committee keeps fully abreast of global affairs, both in terms of the opportunities they offer and the wider implications. The Chinese NPC is a political gathering and [...]
This bank feels fine about the Brexit vote so far August 1, 2016 While June's Brexit vote gave most of the banking sector a beating, one industry giant has revealed its business is doing fine, for the time being at least. Citigroup has revealed it is yet to feel its business be seriously shaken by June's Brexit decision. A regulatory filing published today noted Citigroup had "not experienced any significant negative impact [...]
Going for gold: Transactions for bullion soar ahead of Brexit vote June 21, 2016 The flight to safe havens ahead of the EU referendum has led to a surge in transactions for gold bullion as the 23 June approaches. According to the Royal Mint there has been a 32 per cent jump in the number of transactions compared to last month, as sharp volatility on the stock markets and [...]
Sports Direct’s share price suffers as analysts say company will be hit hard by Brexit July 8, 2016 After a surprisingly healthy day of trading yesterday, Sports Direct's share price fell this morning after analysts cut the retailer's earnings per share (EPS). Liberum analysts said today that they have cut 35 per cent from Sports Direct's projected EPS in 2017, increasing to a 37 per cent reduction in 2019. Read more: Sports Direct calls its financial [...]
Oil rises for the first time in seven days as the US dollar weakens June 17, 2016 Oil snapped its biggest weekly drop in more than two months today, helped by foreign exchange rate movements. The greenback slumped 0.2 per cent to $94.407 against a basket of currencies, making the dollar-priced commodity more attractive to foreign buyers, and helping crude shrug off a sharp drop in the previous six sessions. Read more: IEA says global [...]
Worldpay shrugs off Brexit concerns as bumper earnings send shares higher August 9, 2016 Worldpay shares have nudged last year's peak today after the company reported better-than-expected earnings and declared a maiden interim dividend of 0.65p per share. The UK's largest payments processor reported a rise in first-half underlying earnings and pre-tax profit. It follows a disappointing first full year for the firm as a listed company. For the six months to [...]
Brent crude and WTI: Oil at $20 per barrel talk re-emerges June 16, 2016 An analyst has warned that oil prices could still fall to $20 per barrel within the next year — despite rising sentiment that the battered market could be starting to balance. Paul Jackson, head of research at exchange-traded-fund provider Source, told City A.M. oil bottoming at around $20 after a bubble is part of a "historical cycle that repeats [...]
Diageo’s sales fail to fizz but growth on track to meet 2017 target July 28, 2016 Smirnoff and Guinness drinks maker Diageo reported net sales growth in its full-year results today and has said it is on track to deliver on its 2017 growth plans. The figures Net sales grew 2.8 per cent at the alcoholic drinks giant, in line with expectations, though reported net sales declined three per cent as organic growth and [...]