Trading platform IG’s boss steps down amid regulatory uncertainty September 27, 2018 Online trading platform IG’s chief executive, Peter Hetherington, is set to stand down immediately, as European regulations begin to bite. Hetherington’s three-year tenure as group chief executive draws to a close today, though he will stay on to help manage the search for a successor at the spread betting platform. Chief financial officer Paul [...]
Crypto giant Bitmain reveals all in prospectus for Hong Kong IPO September 26, 2018 Bitcoin mining giant Bitmain published information about its books for the first time today, in a regulatory filing which also confirmed its intention to pursue a public listing on the Hong Kong stock exchange. The statements revealed some heady growth for the world's largest mining firm as profits soared to $742.7m (£563.3m) in the first half [...]
Funding Circle cuts price range for IPO with valuation set for £1.5bn September 26, 2018 Peer-to-peer lending platform Funding Circle has cut the price range for its initial public offering (IPO), according to a bookrunner on the deal. The London-based fintech firm had set a price range of 420p to 530p per share but it has now tightened the range to 440p to 460p per share. Books are set to [...]
Oil price rally cools but war of words intensifies as Iran and Trump exchange jibes September 26, 2018 The oil price rally has cooled off after the US said it would ensure the market was well supplied before imposing sanctions on Iran and Donald Trump continued his attacks on Opec. Brent Crude Oil dropped to $81.62 per barrel on Wednesday from a four-year high of $82.55 the previous day – WTI Crude [...]
Google partially u-turns on cryptocurrency ad ban September 26, 2018 Tech giant Google has partially u-turned on a decision to ban cryptocurrency related advertising. In an effort to protect consumers from the high risk of fraudulent marketing related to crypto-currencies, Google earlier this year said it would ban all advertising promoting cryptocurrencies and crypto firms. But now it has rowed back on the ban, [...]
Debate: Are British high street banks a good opportunity for investors at the moment? September 26, 2018 Debate: Are British high street banks a good opportunity for investors at the moment? Yes – Richard Buxton is chief executive and a fund manager at Old Mutual Global Investors. As a long-term investor in UK banks, the most recent reporting season came as a welcome relief. The litany of conduct charges and regulatory [...]
At long last, economists appreciate that private debt was the catalyst for the crisis September 26, 2018 This month saw the tenth anniversary of the collapse of Lehman Brothers, a collapse which precipitated one of the only two global financial crises of the past 150 years. The late 2000s and early 1930s were the only periods in time when capitalism itself has trembled on the edge of the precipice. It was [...]
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 [...]