The fall in sterling has given the UK’s cosmetic surgery sector a facelift October 14, 2016 While the still-falling value of sterling has worried many sectors of the UK's economy, the cosmetic surgery industry has received a veritable lift from the weaker pound. Cosmetic surgery clinics are booming off the back of the Brexit vote and subsequent currency hit, as plastic surgery tourism to UK clinics has been made "considerably more [...]
Sterling is all over the place today October 14, 2016 The pound spent the morning lurching wildly around as threatening comments from European jostled with a rather more soothing tone from Bank of England governor Mark Carney. Although sterling fell as low as $1.2171, as the morning wore on it rose to $1.2240, 0.1 per cent down against the dollar. Meanwhile, it headed into positive [...]
Marmite peace settlement sends Tesco to the top of the FTSE 100 October 14, 2016 Good news about the black stuff has sent the FTSE 100 climbing higher in this morning's trading. Or, to be more precise, good news about the black stuffs. Because while the price of a barrel of Brent Crude oil rose 0.8 per cent to $52.42 this morning, and metals also headed north – good news for [...]
Be afraid: Market volatility and the fear index are on the rise October 14, 2016 After a surprisingly quiet summer, nerves have returned to the financial markets and volatility is on the rise. In the UK, the FTSE 100 has moved by more than 0.5 per cent on 10 of the last 13 days and sterling has suffered some chunky jolts back-and-forth, often crashing through multiple resistance points in single trading sessions. [...]
What Brexit? UK startup funding has bucked a global slowdown October 13, 2016 Cash being ploughed into the UK's tech startups has defied a global slowdown as the impact of Brexit turns out to be limited – so far, at least. Venture capital investment inched up 10 per cent to $834m in the third quarter of the year, fueled by high profile rounds for several star startups including Deliveroo and Darktrace. [...]
Float or sink? These eight companies show how London’s IPO market is giving off mixed signals October 13, 2016 Is London’s flotation market faltering, or is there cause for optimism after an EU referendum hiatus on activity? There have been mixed signals coming from the City this week. Here are some of the big stories from the initial public offering (IPO) market currently: TI Fluid Systems: OFF The Bain Capital-owned auto supplier this morning confirmed it [...]
Will the pound’s weakness continue to drive the FTSE 100? October 13, 2016 The relationship between the weak pound and a strong stock market is showing signs of fraying, analysts pointed out today, as the FTSE 100 dives even as the pound remains under pressure. Sterling has been through the ringer this week, swinging up and down on the slightest whisper of Brexit news, although today's trading has been slightly calmer, with [...]
Enquest to raise £82m as part of a financial restructuring October 13, 2016 One of the UK's largest independent oil gas producers in the North Sea said today that it wants to raise £82m through a rights issue as part of a proposed restructuring. The struggling firm Enquest announced its intention to offer more than 356.7m new shares at 23p each following the conclusion of an "extensive period of engagement and [...]
The energy celebrity that rose from the presidential debate October 13, 2016 The US has quite the penchant for creating celebrities. The manufactured stars that we already have at our disposal are never enough. Like Rice Krispie treats, you tell yourself “just one more” but there is always the next YouTube sensation—or in this case, a private citizen who manages to pique our interest, at least for a [...]
FTSE 100 drops below 7,000 as Unilever and Tesco share prices fall after Marmite row October 13, 2016 The FTSE 100 has fallen further from its record high as markets digest some shock weak trade figures from China and the US Federal Reserve looks on course to hike interest rates. The bluechip index tumbled below 7,000 points to stand down for the week after reaching a record intraday high of 7,129 on Monday. Miners, [...]