Save money on your overseas transfers and payments August 2, 2015 If you use your high street bank to make payments overseas, then you may be paying more than you bargained for There are a number of reasons people need to send money overseas. Common examples include buying and selling international property, or sending money home if you are working overseas. An increasingly connected world means [...]
Investec Comment: Managing your foreign exchange risk July 19, 2015 In the first three months of 2015, the value of the euro fell 10 per cent against sterling. Since a stronger pound makes UK exports relatively less competitive in other markets, for a company doing business in the Eurozone, such a sizeable move could have had a significant impact on their profitability. Plenty of firms [...]
Best of the Brokers for 05 August 2015 August 5, 2015 To appear in Best of the Brokers, email your research to notes@cityam.com Coca-Cola Hellenic Shore Capital expects Coca-Cola Hellenic to post strong volume growth but be hit by foreign exchange headwinds in its first-half results, due out next week. The broker kept its “sell” rating and 1,306p target price, but said a tough environment in [...]
Japan recession: Has Abenomics failed? not quite November 17, 2015 The latest data from Japan revealed that the world’s third largest economy slipped back into recession in the past quarter, at least technically. Has Prime Minister Shinzo Abe’s “three arrows” plan to revive the Japanese economy – Abenomics – failed in spectacular fashion? Well, yes and no. MIXED PICTURE Let’s start with the economy. [...]
Do new figures tell us the financial future of the UK? January 30, 2015 As average citizens, it has become rather hard to ascertain whether we should be positive about the future of the British economy or not. One morning we turn on the news or pick up the paper to see reports of an upturn in fortunes, only for this to be quashed just days later with stories [...]
Budget 2016: George Osborne’s speech in full March 16, 2016 George Osborne has just revealed the Budget for 2016. There was good news for businesses with corporation tax being sliced and business rates being reformed – but bad news for smokers and students who hate maths. Mr Deputy Speaker, Today I report on an economy set to grow faster than any other major advanced economy in [...]
What private client FX offers entrepreneurs – Investec Comment: August 9, 2015 Most businesses with vulnerability to foreign exchange risk – whether they’re exporters or have subsidiaries overseas – will have arrangements in place to mitigate their exposure to sharp currency moves. But what about you as an individual? As business owners and entrepreneurs become more globally-mobile, they are more likely to have overseas investments, or [...]
Banking pay-outs: Forex rate-rigging scandal will be bigger than Libor August 24, 2015 The foreign exchange market is the largest financial market in the world, with transactions worth $5.4 trillion taking place every day. The revelation that banks colluded to attempt to manipulate the forex market over many years makes it likely that forex claims will cost the banks more in compensation, as well as regulatory fines, than [...]
US corporate results round up January 29, 2015 Blackstone Group ASSET manager Blackstone Group reported a six per cent decline in profit in the fourth quarter of 2014. Meanwhile distributable earnings, which show actual cash available to pay dividends, rose by 38 per cent to $1.13bn (£750m), as Blackstone continued to bring in cash by selling assets. The company’s president Tony James revealed [...]
Groupon share price slips despite international billings boost from Ticket Monster February 12, 2015 Groupon performed well across the world in 2014, but it wasn't enough to please investors. The figures During the 12 months to 31 December 2014, Groupon's revenue reached $3.2bn (£2.08bn) – 24 per cent higher increase compared to the previous year. The e-coupon company's fourth quarter revenue was also pleasing, going up by [...]