Profits at M&G plunge to £182m as market turbulence hits August 11, 2022 Investor M&G reported its profits had slumped by nearly half in the first six months of the year after it was rocked by “adverse market movements” and soaring inflation.
Why bargain hunters should be shopping in Europe, not the US August 11, 2022 | City Talk Value stocks in Europe are the “unloved of the unloved”, but they have actually offered more growth than growth stocks. Here, three charts tell the story. The value investor has become something of an endangered species over the last decade, pushed to the side-lines of a market fixated on seeking never-ending growth in areas such [...]
Four charts that make the case for value investing August 11, 2022 | City Talk The more the world changes, the more value investing remains a compelling investment strategy. Here’s why “Plus ça change, plus c’est la même chose”. Or, in English: “The more things change, the more they stay the same”. Nowhere is this more true than in the realm of value investing. Throughout history, humankind has faced profound [...]
What is happening with EUR/USD, GBP/USD and AUD/USD prior to the US CPI release August 11, 2022 | City Talk EUR/USD remains rangebound as the price rises into resistance EUR/USD has been trading within a range over the course of the past three weeks, with the price spending much of this week rising back towards the confluence of trendline and 200 simple moving average (SMA) resistance. The wider bearish trend does bring expectations of another turn lower before [...]
UK venture capital firm Arix looks to Nasdaq to rebuild portfolio after losses August 11, 2022 UK venture capital firm Arix Bioscience is looking to the US for “undervalued opportunities” in a bid to rebuild its portfolio value after losses this year. The London-listed fund has lost £25m from its portfolio value so far this year, it revealed its in half-year results yesterday, as the pandemic momentum behind acquisitions wanes. The [...]
Fluctuating copper prices result in 30 per cent revenue drop for Antofagasta August 11, 2022 Antofagasta’s revenue dropped 30 per cent to $2.5bn (£2.05bn) in the first half of 2022 as market volatility led to lower copper prices and sales while a drought persisted in Chile. The Chilean mining company reported profit before tax at $680m (£557m), a $1.1bn (£0.9bn) decline from a year before with EBITDA 47.5 per cent [...]
SoftBank set to book $34bn gain by slashing Alibaba stake August 10, 2022 Japanese investment giant SoftBank said it would book a $34.1bn gain by cutting its stake in Alibaba today as it looks to shore up its balance book after a bruising first half of the year.
New PM must push through City reform for finance to flourish, lobby groups say August 10, 2022 The new prime minister must push through a swathe of reforms to the City if the UK is to regain its place as the “world’s foremost international centre of finance”, a top lobby group warned today.
FCA to swoop on City’s asset managers over misleading ESG investment August 10, 2022 The UK’s City watchdog is poised to swoop on asset managers if they promote “misleading” sustainable investments, as it prepares to ramp up its scrutiny of the ‘environmental, social and governance’ (ESG) label.
Coinbase sheds £0.9bn in second quarter as revenues plunge amid crypto crash August 10, 2022 Crypto giant Coinbase lost $1.1bn ($0.9bn) in the second quarter of the year as revenue dropped declined during the crypto crash. $446mn (£365m) of this loss was due to an impairment charge on the exchange’s crypto and venture investments as the “crypto winter” led to plummeting cryptocurrency prices and caused widespread losses across the industry. [...]