Eurozone unemployment falls to lowest since 2009 as strong growth run continues October 31, 2017 Unemployment in the Eurozone fell to its lowest in almost nine years in September as the bloc continued its strong run of economic growth. The proportion of the labour force out of work fell to 8.9 per cent, one percentage point lower than a year ago and the lowest since January 2009, according to the [...]
Why cutting through noise is a sound investment strategy October 31, 2017 | City Talk Noise is the enemy of information – a premise that is especially true for investing. Cutting through the noise and listening to what matters is critical for those who want to invest with clarity and not be distracted by sounds which are irrelevant to their objective. Business TV channels, financial publications and online news and [...]
The investment decision that haunts us most October 31, 2017 | City Talk With the clocks going back this Sunday we got to talking about the one hour from our lives we would want to have over again if we could. From there, it was but a short jump to the single investment decision we wish we could take back or, given Halloween is just around the corner, [...]
Ada Health lands €40m from Len Blavatnik, Amazon Alexa creator William Tunstall-Pedoe and Google business chief Philip Schindler’s June Fund October 31, 2017 The company behind a healthcare app which can help diagnose symptoms has landed a multi-million pound round of funding from investors, who include a top Google executive, the man who created Amazon's Alexa voice assistant and one of Britain's richest billionaires. London and Berlin based Ada Health has raised €40m (£35.2m) to grow the business [...]
Royal Mail share price has dropped five per cent: Here’s why October 31, 2017 Royal Mail’s share price dropped by five per cent this morning, after being downgraded by a major bank. The stock dropped as low as 370p, from yesterday’s closing price of 389.7p, after Credit Suisse changed its rating on the beleaguered postal service company from neutral to underperform, with a target price of 325p. “We expect [...]
Burberry share price dips as Christopher Bailey says he will step down October 31, 2017 Shares in Burberry fell today after Christopher Bailey, its chief creative officer who also acted as the fashion brand’s chief executive until earlier this year, will leave the company by the end of 2018. Shares fell as much as three per cent after it announced Bailey has decided to pursue other projects after 17 years [...]
Rise of the robots: 600k construction jobs could be lost to automation by 2040 October 31, 2017 More than half a million jobs in the construction industry could be lost as a result of the rise of robots. The so-called fourth industrial bringing with it technology such as robotics, autonomous vehicles, the Internet of Things and artificial intelligence, which could replace jobs done by humans. Read more: Four in five retail jobs [...]
Plus500 share price: Trading platform scores higher revenue and user numbers October 31, 2017 Trading platform Plus500’s shares jumped over four per cent this morning after it revealed another bumper quarter. The figures The CFD trading service increased revenue in the three months to the end of September by 50 per cent, bringing in $116.5m (£88.2m). Over the first nine months of the year, revenue was up 29 per [...]
The way businesses are adopting technology is totally spooking staff, Microsoft study finds October 31, 2017 Businesses could be facing a major challenge when it comes to adopting new technology: people. Workers are feeling fear of technology and are worried about its effect on their job, according to new research from Microsoft, and that could put British businesses digital transformations at risk. Introducing new technology in the workplace is making the [...]
Don’t let the bitcoin bubble blind you to the wonders of smart ledger technology October 31, 2017 Last Monday, 500 people attended the Long Finance Digital Currency Educational Trade Fair. They were excited about Initial Token Offerings (ITOs) and Initial Coin Offerings (ICOs), and heard pitches for new cryptocurrency-based tokens and coins for investment. Cryptocurrency capitalisation has risen from circa $50bn at the beginning of 2017 to over $170bn now. ITOs and [...]