US tech stocks tumble after data centre setback sparks investor concerns Tech US tech stocks fell on Wednesday after news that software company Oracle had lost a key backer for its data centre project, reigniting investors’ concerns about AI companies’ spending. The tech-heavy Nasdaq dropped 1.8 per cent to $22,693.32 (£ 17,975.06), finishing at its lowest level since late November, while Oracle fell 5.4 per cent to [...]
Oaktree Capital co-founder voice doubts that macroeconomic fears caused gold’s rally Howard Marks, co-founder of investment firm Oaktree Capital, has voiced his scepticism over gold’s rallying run, believing economic conditions have not caused the surge and there is “no intelligent way to assess the intrinsic value”. Speaking on The Master Investor podcast with Wilfred Frost, Marks attributed the precious metal’s long standing run to popularity, believing [...]
‘IPO jungle drums starting to beat’: City grandees eye autumn flurry Markets Global equities climbed to a record high on Wednesday, aided by yet another day in the green for the FTSE 100 that has sparked a rare bout of optimism among City grandees that life could be breathed into the Square Mile’s beleaguered IPO market this autumn. Stock markets in London, New York and across Europe [...]
FTSE 100 passes 9,000 points for first time July 15, 2025 The FTSE 100 hit another all-time high on Tuesday, sailing past the 9,000-point barrier for the first time ever despite continued uncertainty around tariffs acting as anchor on other major stock markets. London’s blue-chip equities index hit 9,016.98 points in early trades, taking its overall gains for the year up 10.3 per cent. Its constituents [...]
UK suffers second highest fall in wealth of any major economy in 2024 June 19, 2025 Average wealth in Britain fell the second most of any major economy in 2024, according to a closely followed global study, piling fresh scrutiny on the country’s battle to stem an exodus of its wealthiest residents and kickstart its flagging economy. According to UBS’s annual Wealth Report, mean household wealth in Britain fell 3.6 per [...]
GoDaddy recovers from huge loss as revenue jumps May 14, 2025 The European arm of GoDaddy, the US internet domain registry and web hosting company, has returned to the black after recovering from a loss of almost $70m (£52.6m). The Nottingham-headquartered division has reported a pre-tax profit of $4.2m (£3.15m) for 2024 after having slumped to a loss of $68.2m (51.2m) in 2023. New accounts filed [...]
Why investors should keep calm and ignore the noise – even when markets are volatile April 8, 2025 Camilla Esmund, senior manager, interactive investor – the UK’s second largest investment platform for retail investors This is not financial advice and is for educational purposes only —– To quote Kobe Bryant: “Never get bored of the basics.” It’s a phrase that resonates with many areas of our lives. We’re now into the new financial [...]
European stagnation showing up in company results as continent falls behind US rivals February 19, 2024 According to analysis from Liberum, S&P 500 listed firms who have reported results for the fourth quarter have seen revenue growth of 3.7 per cent year-on-year.