London Report: Syria fears and Vodafone deal dampen FTSE September 3, 2013 BRITAIN’S top share index fell yesterday, weighed down by telecoms giant Vodafone disappointing with the terms of a sale deal with partner Verizon and by fresh speculation about a US-led attack on Syria. Vodafone was among the most heavily traded stocks at three times its daily average. It fell five per cent, knocking 20 points [...]
New York Report: Manufacturing data keeps US market rising September 3, 2013 US STOCKS rose yesterday but were far off session highs after top Republicans voiced support for US President Barack Obama’s call for military strikes against Syria. The S&P 500 rose more than one per cent in early trading after Obama sought congressional authorisation before taking military action, a move seen likely to shelve any strike [...]
Why Britain’s 4G roll-out could give mobile trading a performance boost September 3, 2013 But the implications of taking positions on the move have yet to reach their logical conclusion COMPETITION has arrived in the UK’s 4G market, promising superfast download speeds on the move. Previously monopolised by the operator EE, O2 and Vodafone have just rolled out 4G mobile internet connections to their customers in London, with O2 [...]
Pitfalls to avoid when trading on the go September 3, 2013 Annabel Palmer on the risk and rewards associated with mobile trades TECHNOLOGIES that enable investors to trade CFDs from a sun lounger in Laguna Beach, or execute spread-bets from the Chamonix pistes, now have such a wide appeal that mobile trading accounts for a striking 34 per cent of CMC Markets’s turnover. Having a fully functioning trading [...]
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 [...]