Florida: the key to a valuable holiday home investment September 23, 2014 Although recent weeks have seen sterling weaken against the dollar there is still potential for great returns when searching for a holiday home in the Sunshine State. Kelly Cutchin, Moneycorp U.S. country manager, shares an insight into the property market and tips for those considering property investment in Florida: “The most popular locations for British [...]
Deutsche Bank cannot rely on this trading rebound – Bottom Line October 29, 2014 Trading revenues were once the mainstay of many an investment bank, and made up the glamorous end of the City. It is always the traders who get the public’s attention. Who ever complains about City brokers or City auditors? But we might just be seeing the last hurrah for this powerful breed. Earlier this [...]
Under the bonnet: Key themes for emerging markets this year January 12, 2015 Dollar strength and plunging oil will have a big impact MUCH of the growth the global economy has seen since the financial crisis has emanated from emerging markets. But many analysts expect this narrative to change in 2015, with growth momentum shifting to developed markets like the US. Late last year, Fitch revised down its [...]
Forex rigging scandal: RBS, UBS, HSBC, JP Morgan and Citi set for lawsuit storm after £2bn FCA fine November 12, 2014 Funds, companies and other traders hurt by banks manipulating the foreign exchange markets could make claims totalling many billions of pounds, lawyers said yesterday. Five banks were fined a total of £2bn by the UK’s Financial Conduct Authority and the US Commodity Futures Trading Commission authorities because their traders fiddled key currency benchmarks. But the [...]
Protect your profit margins with a forex specialist October 15, 2014 Exporters could lose out as a result of the strength of the pound this year. In July British retail giants Burberry warned that sterling’s strength would have a “material impact”, and could knock as much as £55m from their profits. Dealing with currency exchange fluctuations effectively is a key element of the working day for [...]
Which were the best and worst investments of 2014? December 22, 2014 This year low interest rates have seen investors who bet on traditional investments receive returns tantamount to chickenfeed. Perhaps we should have given up before we'd all even started? Perhaps not. Investors who plumped for chocolate, property, the US dollar and Aim-listed company Fitbug would have watched as their money practically grew on trees. Conversely, [...]
A little slice of paradise for less August 27, 2014 The thought of breaking free from the morning commute and escaping to a peaceful overseas hideaway is something we’ve all thought about. With an increasing number of airports serving routes to remote European destinations, it’s becoming easier to board a short-haul flight from the city and be transported to a tranquil town or village [...]
Save money on your international transfers October 1, 2014 Moving money abroad in a digital world should be one of the easiest things you can do, especially with the cost savings you would expect a global marketplace to offer, yet choosing the wrong service to send your funds overseas, can leave you paying more than you’d expect. Most people head straight to their bank [...]
Burberry profits vulnerable to forex as revenue rises amid digital growth October 14, 2014 Fashion house Burberry has enjoyed a rise in underlying revenue of 14 per cent to £1.1bn for the first half. Burberry cheerfully reported a strong performance across all regions and continued digital growth. Retail sales climbed 15 per cent to £748m, with double-digit growth in Asia Pacific and the Americas. Chief executive officer Christopher Bailey [...]
Great exchange rates, low fees and hassle-free money transfers September 5, 2014 Whether you’re buying property overseas, your business trades internationally or you need to make regular payments abroad, use City AM International Payments, provided by Moneycorp. Open an account now TOP REASONS TO USE CITY A.M. INTERNATIONAL PAYMENTS Bank-beating exchange rates – Save up to £4,000 on a transfer of £100,000 With City [...]