Boohoo in vogue after outlook raised September 26, 2018 | City Talk Boohoo had an impressive six months as revenue and pre-tax profit jumped by 50 per cent and 22 per cent respectively. The group saw strong demand for their brands at home and abroad, as the UK registered a 43 per cent rise in sales and the international division posted a 62 per cent rise in revenue. The overseas [...]
Exploring the stablecoins based on gold September 25, 2018 The rise of Bitcoin has opened a plethora of new and exciting opportunities in cryptocurrency. The future of cryptocurrency may very well rely on the fusion between traditional stable stores of value such as gold and silver to eliminate volatility. A number of emerging projects allow investors the opportunity to participate in what is effectively [...]
Crypto A.M. shines its spotlight on The Aziza Project September 25, 2018 The Aziza Project is not your average crypto venture. This is not a technology play aiming to raise funds to develop an idea, it’s a project laden with tangible business. The Aziza Project comprises a team with blue-chip backgrounds, the navigation of securities legislation and a $500m asset backing their token, the Aziza Coin. The [...]
Louis Dreyfus announces sudden exit of chief executive and head of finance September 25, 2018 Commodities giant Louis Dreyfus has announced the sudden resignation of both its chief executive and head of finance. Gonzalo Ramirez Martiarena has stepped down after three years as chief executive of the agricultural goods company in order to pursue other opportunities and will be replaced by chief strategy officer Ian McIntosh with immediate effect. Read [...]
Moments move markets September 25, 2018 | City Talk The last 30 years have been one of extraordinary change in terms of how financial markets and the global economy have evolved. When I first started in the City all the way back in 1988 as a “wet behind the ears” trainee trader, the City of London was a very different place. From chattering [...]
Patchy regulation prevents the world from reaping the full benefits of the markets September 25, 2018 Ten years ago today, the world woke to the news that yet another bank had collapsed. Washington Mutual was the latest casualty in what became the worst financial crisis since the Great Depression. Those events have cast a long shadow. Governments, businesses, and households have had to tackle the legacy of that crisis. As [...]
What’s Next? Questions remain over autumn results after retailer’s summer boost September 25, 2018 | City Talk There’s been no shortage of negative headlines surrounding UK retail in recent weeks with the woes of the sector hitting some high profile names in recent months including House of Fraser, Moss Bros last week, and John Lewis surprising the markets in reporting huge drops in profits. Earlier this year Next warned that trading conditions [...]
Why broadening your definition of risk might prove beneficial September 24, 2018 | City Talk Risk. Many financial commentators and industry professionals agree it is one of the most important considerations for any investor. In our review of financial media, we see near-constant coverage of it—particularly the risk of loss. Commentary often dwells on the potential for current events to drive equity market declines, warning risks lurk. We, too, [...]
Crypto-craze: Why a third of London investors back digital currencies September 24, 2018 Londoners are twice as likely to invest in cryptocurrency than the rest of the country, new research has found. A total of 30 per cent of London investors are planning to invest in digital currencies in the near future compared to 13 per cent nationwide, according to a survey by Rathbone Investment Management. Read more: Regulate 'Wild [...]
Oil prices hit four-year high after Opec defy Trump’s calls for production boost September 24, 2018 Oil prices have hit a four-year high after Opec ruled out a production increase and analysts predicted it would continue to rise towards $100 per barrel. Brent Crude Oil reached $81.17 per barrel, up more than 2 per cent, on Monday – its highest since 2014 – after Saudi Arabia and Russia led the way [...]