Crystal ball time: We asked the experts what’s in store for 2018 for stocks, bonds, currencies and economics January 3, 2018 At the start of 2017 investors might have been forgiven for expecting a more predictable year ahead. If they were, they were sorely disappointed by a year of intrigue – and yet asset prices kept rising, despite the drama. We asked the experts to dust off their crystal balls once more to see what lies [...]
UK Prime Minister Theresa May heads to Wokingham to promote stamp duty holiday for first-time buyers January 3, 2018 The Prime Minister will today head to Wokingham to promote her government’s decision to cut stamp duty for first-time buyers. In the Autumn Budget, Philip Hammond scrapped stamp duty for first-time buyers purchasing homes worth up to £300,000. In London, first-time buyers also receive a stamp duty holiday for the first £300,000 on purchases worth [...]
David Moyes lauds West Ham’s refusal to accept anything other than victory as West Ham boost survival hopes January 2, 2018 West Ham boss David Moyes heaped praise on his side and their refusal to accept anything other than victory after a dramatic 2-1 win over relegation rivals West Brom lifted them out of the Premier League drop zone. The Hammers prevailed courtesy of a 94th-minute strike from striker Andy Carroll, who steered home Marko Arnautovic’s [...]
Hargreaves Lansdown boots 296 investment trusts off its books as they fail to comply with new Priips regulation January 2, 2018 Investment platform Hargreaves Lansdown was forced to knock a number of investment companies off its books as trading began after the New Year, as they failed to comply with a new piece of regulation. The catchily named Packaged Retail and Insurance-based Investment Products (Priips) regulation, which came into force on 1 January 2018, forces all [...]
Chris Tremlett: Ashes finale would be right time to blood rookie leg-spinner Mason Crane January 2, 2018 If England wish to keep going around in circles then they should persevere with Moeen Ali in his current role, but if they want to progress and thrive on the subcontinent and in Australia then they need a main spinner. Hopefully that will be Mason Crane. It has been a nightmare tour for Moeen, who [...]
Bitcoin at $50,000? Here’s what analysts say will happen to cryptocurrencies in 2018 January 2, 2018 Bitcoin had a shaky start to the year after a spectacular rise in 2017, so what does 2018 hold for the cryptocurrency? Dennis de Jong, the managing director at UFX, said despite the blip over the Christmas period, there “really isn’t a roof on how high bitcoin can climb in 2018”. “Given the unexpected speed [...]
Ryanair is preparing for a “hard Brexit” by applying for a UK licence January 2, 2018 Ryanair has applied for a UK licence to protect its operations in the event of a “hard Brexit”. The budget airline has applied for a UK Air Operator’s Certificate (AOC) which may be necessary to continue its UK domestic flights if no Brexit deal is agreed. Chief executive Michael O’Leary has previously said voters were [...]
Former UBS trader says bank ordered him to discuss Libor rate as he contests FCA ban January 2, 2018 A former UBS trader barred from financial markets for his part in the Libor fixing scandal has today started an appeal against the Financial Conduct Authority’s (FCA) ban, saying the Swiss investment bank bears the responsibility. Arif Hussein will argue the fixing of Libor (the London Interbank Offered Rate) by other colleagues was the responsibility [...]
This Tube map shows average salaries near each London Underground station January 2, 2018 A new London Tube map reveals which stations have the highest paid jobs around them, with Barbican the top Tube stop for average salaries. Average salaries near the Barbican top £52,000, followed by Monument at £51,222, and Bank and Cannon Street, both at £51,217. Job search engine Adzuna compiled the map by analysing average advertised [...]
Compass CEO Richard Cousins and family killed in plane crash: The City pays tribute January 2, 2018 Tributes have been paid to the FTSE 100 chief executive who was killed alongside his family in a New Year’s Eve plane crash. Richard Cousins, 58, the outgoing CEO of the world’s largest catering firm, Compass Group, died in a seaplane crash near Sydney Harbour on 31 December 2017. Also killed were Cousins’s two sons [...]