Nationwide UK house price index: Annual growth rate picked up in October November 1, 2017 The annual rate of house price growth rose to 2.5 per cent in October, from 2.3 per cent in September, according to the latest Nationwide house price index. Prices went up 0.2 per cent on a monthly basis, down slightly from 0.4 per cent growth in the previous month. Nationwide’s chief economist Robert Gardner said: [...]
Kano, the innovative coding and computer kit startup, raises $28m from Marc Benioff, Stanford’s VC arm, Index Ventures, LocalGlobe and more November 1, 2017 An innovative tech company that creates computer kits for kids to help teach them how to code has raised fresh investment. Kano has landed $28m in a series B round from a string of well-known investors, including Salesforce entrepreneur Marc Benioff and the venture fund of Stanford University’s engineering department, one of the most prestigious [...]
European stocks stand up to terrorism November 1, 2017 | City Talk London. Manchester. Brussels. Paris. Nice. Copenhagen. Stockholm. Normandy. These are just a few of the European cities struck by terrorists in recent years. Attacks are sadly becoming increasingly frequent, and whenever they occur, people speculate about the potential market and economic impact. It is impossible to know where or when terrorists will strike next, but [...]
Think locally, invest globally: Why Brexit isn’t the calamity some fear November 1, 2017 | City Talk 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 [...]
Positive surprise as protectionism fears not bearing out November 1, 2017 | City Talk Despite Trump election and Brexit, free trade appears to be growing stronger Investors who worried that recent protectionist sentiment would slow free trade can breathe easier. Over the last 18+ months, Brexit, Donald Trump’s election, nationalist sentiment in Europe and other developments sparked investor fear of protectionism and trade wars. Yet free trade remains alive [...]
Control Brexit and nationalism concerns by investing globally November 1, 2017 | City Talk As UK investors await the final Brexit plans, it may be time to consider the benefits of geographic diversification. What a difference a year makes. Last June, as Brits voted to leave the EU, many viewed it as a time to shed UK assets. Sterling fell to multi-decade lows versus the dollar and other currencies. [...]
Control Brexit and nationalism concerns by investing globally November 1, 2017 | City Talk As UK investors await the final Brexit plans, it may be time to consider the benefits of geographic diversification. What a difference a year makes. Last June, as Brits voted to leave the EU, many viewed it as a time to shed UK assets. Sterling fell to multi-decade lows versus the dollar and other currencies. [...]
Positive surprise as protectionism fears not bearing out November 1, 2017 | City Talk Despite Trump election and Brexit, free trade appears to be growing stronger Investors who worried that recent protectionist sentiment would slow free trade can breathe easier. Over the last 18+ months, Brexit, Donald Trump’s election, nationalist sentiment in Europe and other developments sparked investor fear of protectionism and trade wars. Yet free trade remains alive [...]
Fintech startup MarketInvoice is getting into small business lending and taking on big banks November 1, 2017 One of the UK’s most well-known startups is taking on the big banks with a move into lending for small business, a market worth £35bn a year. MarketInvoice is expanding from peer-to-peer invoice financing into short-term loans of between £10k and £100k. Read more: Investec and Banco Sabadell are backing hot UK fintech startup Bud [...]
Catalonia tries to avoid repeating history, but Spain has economic reality on its side November 1, 2017 Karl Marx famously wrote: “History repeats itself, first as tragedy, second as farce”. The phrase might well have been coined with Catalonia in mind. Generalissimo Franco began a military coup against the elected Spanish government in the Canary Islands in 1936. The battle spread across Spain, and Catalonia was the last redoubt of the Republic [...]