If you’re panicking about a spike in oil prices, look to history for a silver lining June 19, 2019 The tanker attacks in the Gulf of Oman have raised fears of a sharp increase in the price of oil. These are currently being offset by worries about a slowdown in the world economy and a drop in the demand for oil. But what if the conflict escalated and oil prices really did go through [...]
Oil prices rise as Trump says he is set to meet with the Chinese President Xi June 18, 2019 Oil prices rose by nearly two per cent this afternoon as markets were buoyed by hopes of an ease in US-China tensions. Markets turned upwards after US President Donald Trump said he was expecting to hold an “extended” meeting with his Chinese counterpart Xi Jingping later this month at a meeting of the Group of [...]
Financial Conduct Authority launches probe into Woodford fund suspension June 18, 2019 The Financial Conduct Authority (FCA) said today it has launched an investigation into the suspension of fund manager Neil Woodford’s flagship Equity Income fund. FCA chief executive Andrew Bailey confirmed the probe in a letter to Treasury Committee head Nicky Morgan MP. “We have opened an investigation but cannot comment any further,” Bailey said. The [...]
Fidelity bars clients from putting money into Woodford fund June 18, 2019 On of the UK’s largest investment platforms Fidelity Personal Investing has blocked its customers from putting money into the Woodford Income Focus fund. Fidelity is allowing customers to withdraw money from the £325m fund, but will not let investors buy new units, The Telegraph reported. It is a further blow to struggling fund manager Neil [...]
US shale production set to reach new highs in July June 18, 2019 US shale oil production is expected to hit record levels in July, authorities have said, as domestic production continues to weigh on international prices. The output from the country’s seven major shale formations is expected to rise by 70,000 barrels per day. Read more: Oil prices fall for second day as US-China trade war bites [...]
Oil prices fall for second day as US-China trade war bites June 18, 2019 Oil prices have fallen for a second consecutive day as global growth shows signs of being hit by the ongoing US-China trade war. Brent crude prices have fallen 0.74 per cent to $60.49 per barrel, while US West Texas Intermediate (WTI) crude dropped 0.5 per cent to $51.66. Read more: Middle East tensions push up [...]
Which stocks are in the dividend danger-zone? June 18, 2019 Dividends are one of the perks of the stock markets. While investors can opt to take dividends as cash, reinvesting them can have a powerful impact on your portfolio. According to analysis from Fidelity, if you’d invested £100 a month in the FTSE All Share index over the past 30 years and reinvested all of [...]
Is Angela Merkel to blame for Europe’s woes? June 18, 2019 Sakrileg: the German word for sacrilege – that is, the violation or misuse of what is regarded as sacred. And yes, I’m about to go there by asking if the German Chancellor, Angela Merkel, been a disaster for Europe. I’ve been wondering if Merkel’s prolonged tenure at the Federal Chancellery has been extending the region’s [...]
Foreign candidates losing interest in UK finance over Brexit, says job company June 18, 2019 Foreign talent is turning its back on the UK financial sector, new analysis has revealed, raising the possibility of staffing problems at City firms. Read more: Businesses must ramp up no-deal Brexit plans, IoD warns According to job site Indeed, interest in UK banking jobs from abroad has dropped by 12 per cent since 2015. [...]
Fires in the Gulf: How a tiny waterway worries international oil traders June 17, 2019 Oil prices soared four per cent last Thursday as observers reported seeing smoke rising from a Norwegian oil tanker off the coast of the UAE. Later, reports emerged that a second tanker, the Japanese-owned Kokuka Courageous, had also taken damage and its 21 crew were evacuated. It happened as Japanese Prime Minister Shinzo Abe was [...]