14 years of returns: history’s lesson for investors March 29, 2019 | City Talk The temptation among investors is to stick to what you know. That is no bad thing. It is a strategy championed by successful investment pioneers such as Warren Buffett, a famous devotee of stocks. It can work, when the market is rising and you have picked the right asset. However, it’s also important for investors [...]
UK growth sluggish as consumer spending keeps economy afloat March 29, 2019 Britain’s economy grew by just 0.2 per cent in the final quarter of last year compared to the quarter before, figures released today have confirmed, giving it the third-slowest growth rate out of the G7 countries in 2018. The economy was boosted by British consumers spending more than they earned for a ninth consecutive quarter, [...]
Numis sees revenues plunge amid Brexit uncertainty and lower share prices March 29, 2019 London-based stockbroker Numis has warned shareholders today that it expects to deliver revenue approximately 26 per cent lower in the first half of 2019 than it did in the same period a year before. Read more: Numis warns of Brexit hit to trading performance In a trading statement released this morning the company, which is [...]
Lyft valued at $24bn as it prices shares at $72 ahead of New York float March 28, 2019 Ride-hailing app Lyft has priced its initial public offering (IPO) at $72 per share ahead of its float on the Nasdaq tomorrow, giving it a valuation of more than $24bn (£18.4bn). The pricing is at the top end of the firm’s target range, which Lyft increased earlier this week in a sign of strong investor [...]
Tesco boss accuses business rates system of ‘killing’ retailers March 28, 2019 The chief executive of Tesco, Dave Lewis, has harshly criticised the UK’s business rates system, saying it has become “a rising tax on investment” in a speech today. Lewis said that increasing business rates have come as retailers are squeezed by online competitors, and called for an online sales levy. He brushed off criticism that this [...]
Labour plans to nationalise industries will cause ‘profound harm’ to UK economy, says CBI chief March 28, 2019 Labour party plans to renationalise key industries such as rail would cause "profound harm to the economy", the UK's largest business group has said. Carolyn Fairbairn, the head of the Confederation of British Industry (CBI), said the party's plans to bring rail, utilities and public services would "hurt the very people they are intended to help and [...]
US economic growth unexpectedly slows in final quarter March 28, 2019 America’s economic output grew more slowly than previously expected in the final quarter of 2018, at an annual rate of 2.2 per cent, figures released today showed. The 2.2 per cent figure, which amounts to 0.55 per cent GDP growth in the final quarter compared to the previous quarter, was 0.4 percentage points lower than the [...]
Oil prices rise as US president Donald Trump asks Opec to push them down March 28, 2019 Oil prices rose this afternoon after US President Donald Trump called on Opec to increase exports, saying prices were getting too high. International standard Brent crude was trading down to $66.55 at around 1.20pm this afternoon. Read more: Oil prices give back gains after hitting 2019 highs But after a Trump tweet ten minutes later, [...]
Liz Truss urges colleagues to back May’s deal and says UK should slash red tape March 28, 2019 Chief secretary to the Treasury Liz Truss called on her colleagues in the Conservative party to support Theresa May's Brexit deal today, while painting a picture of a post-European Union Britain with less “red tape” and a new regulatory system. The Treasury number two also used a speech to the British Chambers of Commerce (BCC) [...]
Eurozone economic sentiment dips as UK confidence grows March 28, 2019 Economic sentiment in the European Union and the eurozone fell this month, while confidence in the UK jumped 1.6 points. Sentiment in the euro area dropped by 0.7 points to 105.5 and in the EU sentiment fell by 0.4 points to 105, according to the European Commission’s latest business and consumer survey. Read more: Draghi [...]