Pound continues losing streak as Boris Johnson plants foot inside Number 10 June 17, 2019 The pound continued to slide against the euro today, following six straight weeks of falls, as it looked increasingly likely that Brexiter Boris Johnson would become Britain’s next PM. Read more: Tory leadership race: Matt Hancock backs Boris Johnson Sterling had fallen 0.4 per cent against the single currency shortly after 5pm UK time to [...]
Women in Financial Trading June 17, 2019 | Sponsored Finance has always, at all levels, been a predominantly male populated field. But this is changing. As the equal opportunity mantra continues to inspire them, more and more women are joining the party, seeking to reap from the lucrative world that is financial trading. But why are women flocking to finance? The major catalyst, in [...]
Autotrading : The future of online investments June 17, 2019 | Sponsored In today’s fast paced world, Autotrading became a convenient way for traders to take advantage of the markets’ volatility, while investing a minimal amount of their time. Many investors and traders are taking advantage of the multiple solutions available online. These online trading solutions can benefit novice and more experienced traders depending on their background [...]
US interest rates and gold: what’s next for global markets? June 17, 2019 | City Talk This week’s main focus across financial markets is likely to be the US interest rate decision on Wednesday evening (19:00 BST). There is unlikely to be any actual change to interest rates but, as usual, traders will be watching out for clues about the Federal Reserve’s sentiment on the state of the economy and future [...]
Reabold shares soar on discovery of massive gas field June 17, 2019 Reabold Resources has found what could be Britain’s largest onshore gas field, it said today, sending shares skywards. The small London-listed explorer said it estimates the West Newton site near Hull could contain 189bn cubic feet of gas. This would make it the biggest discovery of hydrocarbons onshore since 1973, the company said. “The results [...]
Why the Square Mile must break its silence on China June 17, 2019 If timing is everything, London’s stock exchange tie-up with China has been a disaster from the start. It is now four years since the plan was first revealed under the Sino-philic leadership of David Cameron and his chancellor George Osborne. Read more: London-Shanghai Stock Connect finally launches Yet the summer of 2015 also brought a [...]
Shanghai-London stock market connection finally launched June 17, 2019 The long-awaited London-Shanghai Stock Connect that links the two markets has been launched today, letting UK and Chinese companies sell shares on each others’ stock markets in a pioneering scheme. Read more: HSBC confirms it is exploring Chinese listing via new London-Shanghai link It marks the first time any foreign company will be able to [...]
Hargreaves Lansdown raised concerns about suspended Woodford fund as early as 2017 June 16, 2019 Hargreaves Lansdown raised concerns about the performance of the Woodford Equity Income Fund more than two years ago, but continued to recommend it to its customers. The investment adviser was also selling millions of pounds in stock in the fund, according to analysis by the Sunday Times. The Woodford Equity Income fund was frozen earlier [...]
SFO drops probe into how it handled ENRC investigation June 16, 2019 The Serious Fraud Office is dropping an inquiry into its handling of an investigation into former London-listed miner ENRC. Sir David Calvert-Smith has been asked to abandon his work after being appointed to head the independent inquiry last year, the Sunday Times reported. The SFO dropped the inquiry after ENRC decided to sue it for [...]
Jeremy Hunt slams Corbyn’s ‘pathetic’ response to oil tanker attack blamed on Iran June 15, 2019 The foreign secretary Jeremy Hunt has branded Jeremy Corbyn “pathetic” after the Labour leader said there was no credible evidence that Iran attacked two oil tankers in the Gulf of Oman. Corbyn accused the government of increasing the threat of war after the foreign office said it was “almost certain” the Iranian military were behind [...]