Mobile trading apps close the gap with desktop alternative September 3, 2013 But while the technology is advancing rapidly, more sophisticated traders should be aware of the limitations THE DAYS when traders were confined to their home computer terminal are over. Mobile applications, in the past offering little more than price updates, are increasingly allowing traders to perform many of the most sophisticated trading tasks on smartphones [...]
Social traders are betting on the wisdom of global crowds September 3, 2013 But some doubt how influential the newest trading trend will be THE FIELDS of social networking and trading are beginning to collide, threatening to change the way retail traders operate. A few weeks ago, legendary investor Carl Icahn tweeted that Apple was “extremely undervalued”, stating that his company Icahn Enterprises held a large position in [...]
Any Other Business – 04/09 September 3, 2013 There was some lively banter in City spinners Maitlands’ Upper St Martin’s Lane offices yesterday, where payday loan company Wonga was presenting its results. It appears that Wonga boss Errol Damelin (pictured) has grand ambitions for his firm, and The Capitalist hears that the chief executive repeatedly compared Wonga to tech giants like Amazon, Google [...]
Eggsclusive: We use the Walkie Scorchie light beam to fry an egg September 3, 2013 The developers of the Walkie Scorchie skyscraper – aka 20 Fenchurch Street – had hoped their building would be known for its striking design and its blue chip clients. But instead City A.M. has revealed how the building has begun emitting a curious ray of light, started melting cars, set a carpet on fire and cracked [...]
US manufacturing PMI misses in August September 3, 2013 US manufacturing is growing a little slower, according to fresh data from Markit. The manufacturing purchasing managers' index (PMI) is down from 53.7 to 53.1, analysts had expected a rise to 54.0 Any number above 50 implies an expansion, so that result means that the pace of expansion has slowed PMI a bit. Now we [...]
Wonga profits up by over a third as it offers Church of England tech support September 3, 2013 Payday lender Wonga has reported a net profit after tax increase of 36 per cent to £62.5m, which the firm said "showed expansion and growth across its business." The company is now expanding internationally, as its total lent rises from £707.5m to £1.2bn in the same period. Wonga now employs over 500 staff in five [...]
Russian embassy reports no damage in Damascus after missile detection September 3, 2013 The Russian Defence Ministry announced detection of two ballistic "objects" fired towards the Eastern Mediterranean early this morning, according to the RIA News Agency. That report has now been denied by the Russian embassy in Syria, which has stated that there is no sign of a missile attack or explosions in Damascus after ballistic launches [...]
Merkel seeks to soothe German voters as elections loom September 3, 2013 German chancellor Angela Merkel is in full PR mode as federal elections approach. They're scheduled for 22 September. Merkel stressed that the last four years were "good ones" for Germany, and that debt reduction had been a "sensational success". She declared that her goal is to further reduce joblessness. Seeking to allay fears that Germany [...]
UK construction sector growing at fastest pace since September 2007 September 3, 2013 The UK's construction sector is now growing at its fastest pace since September 2007, according to new purchasing managers' index data. That's despite forecasts that the rate of expansion would slow down this August, from 57.0 to 56.9. Instead we saw a rise to 59.1. Not sure what is hotter; the pavement around the Walkie [...]
Monetary policy debates rage on as UK’s economy heats up September 3, 2013 The UK's economy is heating up – but economists haven't stopped disagreeing with each other. The monetary policy debates are as fierce as ever. Andrew Sentance, senior economic adviser at PwC and ex-Monetary Policy Committee (MPC) member has argued for a rate hike in the Telegraph. If the recovery does gather momentum in the UK, [...]