Let’s reform our ugly company tax system and start rewarding long-term investors July 11, 2019 There’s an old saying that if you laid all the economists in the world end to end, they still wouldn’t reach a conclusion. But even so, most of them would agree that Britain’s economy doesn’t invest enough. We’re wedded to short-term consumer demand rather than investing in long-term growth like those sensible Germans. And the [...]
Banks can cope with no-deal Brexit but risks remain, says BoE July 11, 2019 The UK financial system is strong enough to cope with a severe global slowdown and a “worst-case” disorderly Brexit simultaneously, the Bank of England has said. Read more: No-deal Brexit fears have increased, Bank of England governor warns Yet it warned that an increasingly likely no-deal scenario posed “material risks of economic disruption” and would [...]
Oil prices rise as stormy weather hits production July 10, 2019 Oil prices climbed higher today, passing the $65 per barrel mark for the first time in a week, as markets reacted to lower-than-expected US crude stocks and a brewing storm. International standard Brent crude had added more than 2.7 per cent by the mid-afternoon, while WTI, the US measure, was up nearly 2.8 per cent [...]
US stock markets hit record highs as Fed chair hints at rate cuts July 10, 2019 Chairman of the US Federal Reserve Jay Powell has boosted the market’s expectations that the first interest rate cut in ten years will come this month with a gloomy testimony to a congressional committee. Read more: Fed holds interest rates but hints at future cuts In a prepared statement Powell said “trade tensions and concerns [...]
Accounting Cashflows and the Quirk of “Factoring” July 10, 2019 | City Talk Creditor factoring delays payments to creditors to fund a company’s operations; often it is used as a last resort to manage liquidity problems.
Germany flogs bonds at fresh record-low yields as demand for safety surges July 10, 2019 Germany has sold medium-term government bonds at new record-low yields and cut interest payouts completely as investors rush to buy safe assets amid a slowing global economy. Read more: Germany and Portugal sell 10-year bonds at lowest ever yields Figures from the German finance ministry show it today sold 10-year Bunds with a yield of [...]
Crispin Odey backs higher price for Acacia ahead of Barrick bid July 10, 2019 Barrick Gold faced pressure today as reports emerged that a major shareholder will reject any bid for Acacia Mining below 271p per share. It comes as a blow to the Canadian miner, which is mulling a 196p per share bid for the company. Read more: Deadline extended for Barrick’s Acacia bid An assessment by SRK [...]
UK economic growth beats expectations but contraction worries remain July 10, 2019 The UK economy expanded by 0.3 per cent in the three months to the end of May, official statistics have shown, beating analysts’ expectations of just 0.1 per cent growth. Read more: UK service sector ‘close to stagnation’ as economy slows The better-than-predicted growth, shown in data released today by the Office for National Statistics [...]
Investors forecast returns of 10.7% – millennials expect more July 10, 2019 | City Talk Investors expect total annual returns of 10.7 per cent over the next five years, according to a major new global study. Regionally, returns expectations were highest in the Americas, at 12.4 per cent. In Asia, investors expect 11.5 per cent and the figure was lowest in Europe at 9.0 per cent. The returns include growth [...]
Ocado, Dunelm and Superdry show there’s always winners & losers in retail July 10, 2019 | City Talk It’s not all doom and gloom in retail. Whilst we have certainly seen a downturn on the high street, there are winners as well as losers. Next shares are among the best performers on the FTSE in 2019, up 30% so far. And they’re not alone in outperforming the market despite the trouble on the [...]