Npower apologises to customers over billing process December 3, 2013 Npower will be apologising to its 5.4m domestic customers for problems associated with its billing process. In November, figures from the regulator Ofgem found that Npower was receiving five times more complaints than the highest performing energy company. The company has promised to correct issues over setting up accounts and billing as well as promising [...]
A data-driven Fed could well taper in December December 2, 2013 But whenever the QE wind-down begins, a dramatic pull-back for equities will not necessarily follow In a data-heavy week for the US, investors will scrutinise consumer sentiment, revised GDP figures, and the crucial non-farm payroll report on Friday for signs that the Federal Reserve could judge the US economy ready for the start of tapering [...]
How to select the most appropriate broker for your FX trading needs December 2, 2013 FOR THOSE starting out in forex trading, one of the first challenges is selecting a forex broker. This can prove to be a daunting task but, like any other product or service, it is generally the best combination of price value and quality of service that leads to the final selection. Here are some points [...]
CNBC Comment: Why US equities could stay strong December 2, 2013 THE US stock markets are flying high. Last week, the S&P 500 saw gains for the eighth consecutive week. But will it continue? I was reading the most recent Barclays Global Macro Survey, and thought I’d share a few of its main findings with you. While it is no surprise that the possibility of the [...]
DailyFX: Analyst picks December 2, 2013 CURRENCY STRATEGIST CHRIS VECCHIO My pick: Stay long sterling-yen Expertise: Fundamental and technical analysis Average time frame of trades: A few hours to a few weeks The sterling-yen long from net ¥160.80 remains in play and, after considerable upside over the past few days, I have moved up my trailing stop. Previously, it was held [...]
City Mo Bro competition comes to an end December 2, 2013 Well, the day you've all been waiting for has come – it's the day of judgement for our City Mo Bro competition. Put down your tash wax, put away the combs – the winner is Steven Farley (second from the right, below) of Majedie Asset Management. We would like to particularly commend Steven's use of [...]
US construction spending increases and manufacturing growth speeds up December 2, 2013 More data to bolster the view that economic activity in the US is picking up more quickly than expected: the manufacturing sector grew in November for the sixth month in a row, according to the Institute of Supply Management. Its manufacturing survey index rose to 57.3, up from 56.4 in October – the highest reading [...]
Wanted to make a fortune from 2000 to 2013? Tobacco and alcohol would have been your best bet December 2, 2013 If you could go back to the start of the century and make a few choice investments to make a fortune by Christmas 2013, what would you have bought? According to Hardman & Co the best return on your investment would have been tobacco followed distantly by alcohol. Since 1 January 2000 capital returns for [...]
US manufacturing rebounds to ten-month high December 2, 2013 Manufacturing outlook in the US is rosier, with business conditions growing more solid, as Markit's headline purchasing managers' index number was at its highest since January in November – rising to 54.7, from 51.8 in October. New orders were also at their highest since January, with the output index at its highest since March 2012. [...]
Five reasons delivery drones won’t take off December 2, 2013 The news is buzzing with hopes for Amazon's drone-based delivery service – Prime Air. But skies in the UK will remain quieter for the time-being. Here's why. 1. Regulation John Moreland, a spokesperson for the Unmanned Aerial Vehicles Systems Association (UAVS) says that regulator fears over drone technology still hold back development. The Civil Aviation [...]