Bitcoin prices (BTC) climbed to a fresh high after CME Group announced plans for bitcoin futures October 31, 2017 Bitcoin prices have jumped to a new record high after CME Group announced plans to launch bitcoin futures by the end of the year. The cryptocurrency rose 4.26 per cent to $6,382.88 after the announcement, according to CoinDesk’s aggregate index, topping its previous high over the weekend of just over $6,300. The new bitcoin futures [...]
How the gambling industry reacted to the launch of the government’s consultation on fixed odds betting terminals (FOBTs) October 31, 2017 The long-awaited government review into the gambling industry finally kicked off today, as a new consultation was launched by the department of digital, culture, media and sport (DCMS) into possible measures to deal with problem gambling. Despite rumours that the chancellor was intervening to reduce the damage to the treasury’s coffers, it looks as if [...]
Rugby World Cup 2023: South Africa recommended ahead of Ireland to host the tournament October 31, 2017 South Africa has been recommended as host for the 2023 Rugby World Cup ahead of Ireland and France by the tournament’s organising board. Ireland had been the bookmakers’ favourites to win the right to stage the tournament for the first time, but Rugby World Cup Limited judged South Africa’s bid to come closest to fulfilling [...]
Live: FCA boss Andrew Bailey confirms details of second RBS-GRG investigation during intense Treasury committee grilling October 31, 2017 The Financial Conduct Authority’s second investigation into RBS’ small business unit could lead to enforcement, the City watchdog’s boss has said. Andrew Bailey came under fire from the Treasury Select Committee chair Nicky Morgan this morning for the FCA’s handling of its first report, claiming that many victims had lost their home, and their mental [...]
The currency hedging conundrum October 31, 2017 British savers have benefited from diversifying their investments away from UK shores in the quest for lower risk and better returns. Those who have held US equities for the past five years – rather than the FTSE – have enjoyed returns that are 40 per cent better in local currency terms, but 80 per cent [...]
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 [...]
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 [...]