Currency vs money – The choice you didn’t know you had November 6, 2018 Modern crypto projects face a series of obstacles ranging from plain operational issues to core conceptual principles by which the currency should be made. The most obvious and practical way of creating a digital currency is by getting to the root of the conventional currencies and connecting this virtual entity to real and valuable goods, [...]
Asda, Morrisons and Sainsbury’s to cut price of unleaded petrol by 2p November 6, 2018 Supermarket giants Asda, Morrisons and Sainsbury's are locked in a pricing war after all three pledged to cut the price of fuel by 2p. The war was triggered by Asda's decision to cut the price of its unleaded fuel by 2p to 122.7p per litre. Rivals Morrisons and Sainsbury's announced soon after that they too would shave [...]
Pound hits two-week high as markets grow optimistic over Brexit deal November 6, 2018 The pound hit a two-week high today as the markets expressed optimism that a Brexit deal is close. Sterling rose as high as 1.308 against the dollar this morning, its highest since 18 October, following a report from The Times that the EU was set to agree to compromise over the thorny issue of the Irish [...]
Bitcoin scam: Blue-tick Twitter accounts hacked to push bitcoin scams under Elon Musk’s name November 6, 2018 Verified Twitter accounts were hacked yesterday by scammers who masqueraded as billionaire Elon Musk in an attempt to persuade users to part with bitcoins. Fashion firm Matalan, film distributor Pathe UK and Panthoen Books, a publishing house, were all hacked by scammers who proceeded to use promoted tweets to send their adverts out far and [...]
Truce or dare: A Trump stunt, or the end of the US-China trade war? November 6, 2018 Last Thursday, Donald Trump took to Twitter to tell the world that trade talks with Chinese President Xi Jinping were “moving along nicely”. His words prompted a rise in Asian stock markets; the Shanghai Composite index climbed by almost 2.7 per cent during trading on Friday, and the Hang Seng surged by about 4.2 per cent, [...]
Which way for markets? It’s all about the midterms November 6, 2018 Americans will cast their vote in the US midterm elections today, and the results will set the tone for stock markets around the world. All 435 seats in the House of Representatives are up for grabs, while 35 of the 100 Senate seats will be on offer too. The big picture result will centre around [...]
The UK remains ahead of the game in Europe’s tech sector November 6, 2018 The UK has continued to lead the way for funding activity in the European technology sector, both in terms of startups attracting investment and UK-based investors fuelling the continent’s exciting new talent. British startups secured almost a quarter of all early-stage tech investment in Europe in the last three years, according to new figures revealed [...]
UK plcs produce record-breaking profits after revenue soars beyond £2 trillion mark November 5, 2018 Profits at the UK’s publicly listed companies jumped nearly 14 per cent in the third quarter of the year, pushing total profits over the last 12 months to a record £217.9bn. UK plc pre-tax profits rose from £143bn in the same measure a year earlier. The previous record was set in 2012. Revenues over the [...]
How has the US stock market performed around midterm elections? November 2, 2018 | City Talk After a torrid October for stock markets, there is concern among investors that the US equity market could yet have further to fall, with a combination of macroeconomic factors and political tensions clouding the outlook. The latest political event on the agenda is the US mid term elections, which could define the remainder of Donald [...]
FTSE 100 roundup: Today’s winners and losers November 2, 2018 The FTSE 100 lost ground today, with the index down 8.05 points at 7,106.61 shortly before the market close. Markets globally reacted positively to suggestions that the US and China may be coming towards a deal to end their recent trade war. However, looking at the week just gone, it appears that the FTSE 100 [...]