This Deutsche Bank analyst thinks the pound could fall another 16 per cent against the dollar February 14, 2017 The pound's dip today may have left some investors a little shaken – but you ain't seen nothing yet, one Deutsche Bank analyst has warned. George Saravelos, the lender's global co-head of FX, said in a Bloomberg interview that the pound could fall as low as $1.05 – or another 16 per cent. "Being bearish [...]
The pound has fallen well below $1.25 on bad inflation news February 14, 2017 The pound plunged below $1.25 this morning, after disappointing figures showed inflation was weaker than expected in January. The pound fell as low as $1.2457 in mid-morning trading, 0.55 per cent down. Meanwhile, it fell 0.68 per cent against the euro, dropping to €1.1739. Inflation had been expected to hit 1.9 per cent in January, [...]
The Bundesbank conspiracy: Why Germany is really repatriating its gold February 13, 2017 An official announcement last week that the Bundesbank had pretty much repatriated half its gold reserves ahead of schedule has once again sent the rumour mill into overdrive. Fans of the precious metal – not shy of a good conspiracy theory – have been deliberating over the move ever since Germany detailed it back in 2013. Initially, [...]
British Gas is not overcharging customers – this is why February 13, 2017 | City Talk As we wrote in our article Forget the acronyms, we value investors care about the treatment of stakeholders. Not just investors but staff, customers, suppliers and regulators. Given the political, regulatory and media pressure on the so called “Big Six” energy companies, the situation at Centrica is worthy of closer examination. Are customers paying too [...]
Here are four reasons why the Russian ruble is at its strongest level against the US dollar since July 2015 February 13, 2017 One of the best performing currencies of 2016 was the Russian ruble. In fact, having edged up a further 0.5 per cent against the US dollar overnight, the currency is at its strongest level against the greenback since July 2015. But what is driving the change? The answer is a mixture of actual changes and market [...]
Opec has revealed compliance with its production cuts reached a record high, and oil prices are plunging February 13, 2017 Analysts are concerned the Organisation of the Petroleum Exporting Countries (Opec)'s production cuts won't be enough to raise crude prices. Opec today revealed it reached a record high of more than 90 per cent compliance with its planned cuts, but oil prices plunged on the news. Global benchmark Brent crude is trading down 2.13 per cent at around $55.49 a barrel while [...]
A surge in copper prices is boosting shares in London’s FTSE 100 miners February 13, 2017 Top London-listed miners' shares were given a boost this morning on the back of stronger metal prices. Mining stocks increased 1.6 per cent as London Metal Exchange three-month copper prices this morning increased about one per cent to the metal's highest price in 20 months . Shares in Glencore, Anglo American, BHP Billiton and Antofagasta climbed between 1.7 per cent [...]
The mattress startup battle’s heating up in the UK as Simba gets in bed with top City investors February 13, 2017 The battle to bring you the best night's sleep is heating up as one of several mattress startups spearheading innovation, in an industry apparently ripe for disruption, has landed new funding. Simba Sleep has tempted several top City investors into bed in a fresh £9m funding round, bringing total investment in the one-year-old startup to £17.5m. Henderson [...]
Flower delivery startup Bloom & Wild is set to blossom with millions in fresh funding February 12, 2017 An innovative London startup delivering flowers has raised millions more in fresh funding to pursue ambitious international expansion. Bloom & Wild has landed £3.75m from German media company Hubert Burda's venture arm and previous investor MMC Ventures, along with other angels. Read more: Hungry House is partnering with a startup to help takeaways deliver more The [...]
Copper prices soar to a new high on talks of a force majeure at BHP Billiton’s Escondida mine February 10, 2017 After substantial gains yesterday, London Metal Exchange copper prices have today jumped to their highest level since June 2015. Benchmark copper has risen 4.5 per cent to a session high of $6,083 a tonne. The surge came as news emerged that BHP Billiton is declaring a force majeure on shipments from its Escondida mine in Chile, which is [...]