After the Nvidelity comes the Huangover. Jensen Huang joins long list who confused boardroom and bedroom
Rate decision announcement from the Bank of England January 30, 2020 | City Talk For many investors the outcome was too close to call, and therefore offered potential heightened currency volatility. Foreign exchange markets had attributed a 50/50 chance of an interest rate cut, leaving the pound with a burden of uncertainty in the run up to the decision. It also meant it traded with a softer tone over [...]
Brexit: how did we get here? January 30, 2020 | City Talk How did the Brexit timeline lead us here, what impact has it had on the pound and how can the resulting foreign exchange risks be mitigated? The UK began preparations to withdraw from the European Union back in June of 2016. The process has had an undeniable impact on the volatility of the exchange market [...]
Bank of England avoids interest rate cut as Mark Carney bows out January 30, 2020 The Bank of England has held off from an interest rate cut despite a surge in expectations that it would reduce rates for the first time in four years. Today’s decision came even as the Bank slashed its long-term growth forecasts for the UK economy to account for Brexit disruption and Britain’s productivity crisis. Read [...]
Brexit day: what happens on 31 January 2020? January 30, 2020 | City Talk Brexit day on 31 January marks the end of the UK’s membership of the European Union and the start of the “transition period”. After three previous departure dates came and went (20 March 2019, 12 April 2019 and 31 October 2019), it’s the one we all expect to actually happen. The transition – or “implementation” [...]
Centamin shares on the rise as gold production grows January 30, 2020 Centamin’s shares rose over five per cent today as the gold miner’s fourth quarter results vindicated its decision to resist a takeover offer from mining giant Endeavour. Gold production from the firm’s flagship Sukari mine rose eight per cent year on year to 148,387 ounces for the last quarter. Full year gold production rose two [...]
Oil prices fall again as coronavirus continues to weigh on demand January 30, 2020 Oil prices fell again today after a brief respite on Wednesday as the worsening coronavirus outbreak continued to take its toll on economies. Brent crude fell two per cent to $57.68, whilst West Texas Intermediate showed a similar decline to $52.32. The renewed fall came after a Brent crude rallied by 0.5 per cent yesterday, [...]
Shell’s final quarter profit halves amid oil price slump January 30, 2020 Shell saw its final quarter income halve as the continued slump in global oil prices knocked the company’s full year profits. The figures Shell’s full year income attributable to shareholders for 2019 was $16.5bn (£12.7bn), a 23 per cent fall from last years $21.4bn. In the final quarter, shareholder income fell 48 per cent from [...]
FTSE 100 back in the red as coronavirus surpasses Sars outbreak January 30, 2020 The FTSE 100 fell sharply in early trading today as European stocks sank into the red after the number of coronavirus cases surpassed the total for the Sars outbreak in the early 2000s. Coronavirus has now killed 170 while the number of infections has risen to 7,700. There were around 5,200 cases of Sars, which [...]
Trade tensions the biggest threat to markets in 2020, say traders January 30, 2020 Traders are worried about the impact international trade tensions will have on the markets in 2020, but only see Brexit as a minor concern, a new survey from JP Morgan has found. Despite the “phase one” deal between the US and China lessening tensions, 50 per cent of the 650 online traders surveyed by JP [...]
Households paying too much to support UK electricity networks January 30, 2020 Consumers have paid more than they should have to support the UK’s electricity networks, according to a new paper from the National Audit Office (NAO). Each year around one fifth of a typical household’s annual electricity bill – £130 – goes towards the running and maintenance of the UK’s power networks, which transports electricity to [...]