Turkish lira plummets to record low August 9, 2018 The Turkish lira plunged to a record low today against the US dollar as investors questioned the ability of the Erdogan regime to stop a deepening currency crisis. One dollar bought as much as 5.5678 lira in evening trading, as the troubled Turkish currency fell by almost five per cent in the course of the [...]
Cineworld helped by US ticket sales August 9, 2018 | City Talk Cineworld shares are in demand for the company reported a solid set of first-half numbers. The announcement today includes the numbers from Regal Entertainment – which Cineworld acquired earlier this year. Revenue and adjusted earnings jumped by 252.4% and 284.7% respectively, and on a pro-forma basis revenue jumped by 10.8%, while earnings rose by 14.1%. [...]
LBX Special Announcement 7th August: Nano hits the UK Market August 7, 2018 A relatively new cryptocurrency is about to become available to trade in British Pounds for the first time. Nano, which will be listed on London Block Exchange (LBX) in August, is an interesting coin, solving two major issues associated with traditional cryptocurrency – lengthy transaction times and associated transfer fees. In a nutshell, Nano uses [...]
RBS declares first dividend in a decade August 3, 2018 | City Talk RBS declared an interim dividend of 2p, pending the settlement with the US Department of Justice (DoJ). This announcement was a pleasant surprise, and projects a positive image about the firm’s financial health. The UK government is a majority shareholder in the bank, and the dividend will be welcomed by Westminster, but the pay-out will [...]
How the new CFD measures will affect traders August 2, 2018 | City Talk Wednesday 1 August marked a significant day for traders as the new measures around contracts for difference (CFDs) were implemented by the European Securities and Markets Authority (ESMA). While the decision has created much noise in the industry, traders want to know how this impacts their ability to trade on the financial markets. Here, we [...]
5 things you need to know before trading on cryptocurrencies July 31, 2018 | City Talk Bitcoin, mining, blockchain, ledgers, oracles and wallets. The technical names that describe various components of this technology can prove intimidating. With that in mind, here are five things you should be aware of before trading cryptocurrencies, and why spread betting or contracts for difference (CFDs) products could be a sensible introduction. Cryptocurrencies: the basics Cryptocurrencies [...]
Sky post a solid set of figures July 26, 2018 | City Talk Sky revealed a solid set of full-year results as earnings jumped by 9 per cent and like-for-like (LFL) revenue rose by 5 per cent. Average revenue per user held steady at £45. The company had a strong finish to the year as it added 20,000 new customers in the UK and Ireland. In the final three [...]
ITV unveils new strategy, warns on advertising July 25, 2018 | City Talk When Carolyn McCall left Easyjet, she may well have felt that turning ITVaround would probably be an easier job than turning a budget airline into a household name. This may prove to be easier said than done and the sharp fall in profits that we saw at the beginning of the year will only have [...]
‘Natural income’ vs ‘decumulation’: what’s the best way to take income from my investments? July 23, 2018 | City Talk The goal of many investors is to build a portfolio that can generate sufficient income to replace traditional sources, but this isn’t as straightforward as it may seem. It is essential to understand the different methods of extracting money from your investments. How money is withdrawn can dramatically affect the length of time until that [...]
Elon Musk’s fall should bring our stratospheric expectations down to earth July 20, 2018 Stop what you’re doing, everyone. Elon Musk – serial entrepreneur, space crusader, and cult figure to climate progressives – has given us the one thing we never expected to see from him: an apology. The Tesla founder had little choice. While the world was celebrating the miraculous rescue of the 12 boys and their football [...]