Can you afford to be out of the stock market this summer? May 8, 2019 By Jemma Jackson from interactive investor. With lots of potential banana skins for financial markets around, we discuss investment tactics for the warmer months ahead. The days when the City was swapped for Ascot, Wimbledon, Henley and Lords en masse are long gone, and whether senior trader, private investor, or anything in between, we are [...]
ECB stimulus measures underwhelms investors disappointed by lack of rate cut March 12, 2020 The European Central Bank has unveiled a fresh stimulus package to help fight the economic impact of the coronavirus pandemic , but markets were left dismayed as the ECB unexpectedly stopped short of an interest rate cut. With millions of European citizens under lockdown and equities across the continent in freefall, the ECB had come [...]
Global stock markets dragged down as recession warning lights flash August 28, 2019 US stock markets have opened lower as a recession warning light continues to flash over the American economy. Read more: Sterling could hit 35-year low on no-deal Brexit worries They followed their European counterparts, which were also affected by news that UK Prime Minister Boris Johnson is set to suspend parliament in what critics are [...]
China exempts some US goods from further tariffs ahead of talks September 11, 2019 China has exempted 16 US products from additional tariffs, its finance ministry said this morning, in a sign of good will ahead of high-level talks this month and next. Read more: Return of US-China trade talks pushes up Asian markets Products such as animal feed, fish meal, some anti-cancer drugs and lubricants will be exempt [...]
Timetable set for Neil Woodford fund repayments December 13, 2019 Administrators have finalised details for the winding up of Neil Woodford’s Equity Income Fund (WEIF), the suspension of which triggered a scandal that led to the collapse of his investment empire. In a letter to investors today, Link Fund Solutions said the process of winding up the fund will begin on 18 January. The final [...]
Pets at Home becomes latest retailer to return business rates relief December 4, 2020 Pets at Home has joined the Covid repayment train and joins some of the UK’s biggest retailers in handing back millions of pounds in business rates relief. In March, all retail, hospitality and leisure businesses in England were given a business rates holiday for 12 months. But after a bumper year of sales on the [...]
Energy giants’ stocks rise after oil prices soar on Saudi attack September 16, 2019 A major terrorist attack which wiped out half of Saudi oil production and sent oil prices soaring by record amounts has pushed up London’s energy companies this morning. BP and Shell led the FTSE 100 risers in early trading after an attack by Yemen’s Houthis knocked out half of Saudi Arabia’s supply, of 5 per [...]
Sterling soars as exit poll predicts huge Tory majority December 12, 2019 Sterling skyrocketed nearly two per cent as the exit poll predicted a huge Tory majority of 86 seats, the largest for the Conservatives since the days of Margaret Thatcher. The pound briefly hit as high as $1.35, reaching a level last seen in May 2018, which put the currency on course for its biggest one [...]
City Moves for 27 September – Who’s switching jobs at Rowan Dartington, CRH and Equals Group? September 27, 2019 Today’s City Moves includes Dartington, CRH and Equals Group Rowan Dartington Fiona Richards has been appointed chief operating officer (COO) of wealth management firm Rowan Dartington. Fiona will be responsible for driving operational efficiencies and the development and execution of the firm’s strategic priorities. Fiona comes to the firm with 20 years’ diversified experience in [...]
Pearson share price drops as weak print sales hurt profit September 26, 2019 Pearson’s share price dived over 14 per cent this morning as it warned that profits will fall to the bottom of its guidance range this year. The education publishing brand said “weaker than expected” sales in its US higher education courseware division mean adjusted operating profit will hit £590m, far off the £640m it had [...]