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%. [...]
Quilter posts strong debut profits after growth in new client money August 8, 2018 Wealth manager Quilter reported rising profits yesterday in its first ever set of results since listing as a standalone business. Quilter, which was spun out of insurance company Old Mutual earlier this year, posted pre-tax profits of £110m in the first half of 2018, rising 16 per cent compared with the same period last year. [...]
The global financial crisis 10 years on: A timeline of the global events that shaped the crash from the credit crunch to the recession and beyond August 7, 2018 Ten years ago this week the credit crunch started to bite. Take a look back at the global events that shaped one of the biggest recessions in history. Early tremors: February to June 2007 Early signs of trouble build, but are mostly missed. The giant Freddie Mac, also know as the Federal Home Loan Mortgage [...]
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 [...]