Copper prices are eyeing up their biggest weekly rally in 35 years following Donald Trump’s pledge to boost infrastructure spending November 11, 2016 Copper prices are eyeing their biggest weekly rally in 35 years today following US president-elect Donald Trump's commitment earlier this week to boost infrastructure spending. Three-month copper on the London Metal Exchange was trading up 3.5 per cent to $5,601 per tonne, a level it hasn't reached since mid-2015, and up more than $700 since [...]
The new bridge to China heralds the start of a golden age for UK fintech November 11, 2016 Over the past few years I’ve witnessed first-hand the UK’s fintech sector emerge as the world’s dominant hub – over traditional technology centres such as Silicon Valley, New York, Israel, Singapore, and Hong Kong. There is no question that more technology innovation and value creation in financial services comes from the UK than anywhere else [...]
Hammond vows “constructive” relationship with Trump but falls short of supporting his policies November 10, 2016 Philip Hammond has said Britain will have a "constructive" relationship with the US under Donald Trump, but gave warnings that he did not agree with the President-elect's plans to slap tariffs on foreign goods. The chancellor, speaking to the BBC this morning, said that he hopes talks will still be helpful, but indicated he would [...]
Donald Trump’s ambiguous trade policy is a massive opportunity for Britain to catalyse the creation of a new Prosperity Zone November 10, 2016 Much ink has been expended on what a Donald Trump presidency will mean for trade. He has promised at various times in his campaign to slap 45 per cent tariffs on China and Mexico, to pull the US out of Nafta and the WTO, and has railed against the TransPacific Partnership. Naturally many people have assumed [...]
US Presidential Election 2016: Bitcoin jumps four per cent as Donald Trump wins over Hillary Clinton November 9, 2016 The bitcoin price has surged almost four per cent so far this morning, as Hillary Clinton conceded the presidency to her Republican rival Donald Trump. The price of a single bitcoin has reached $737.07, according to exchange Bitstamp. The currency steadily rose as election officials began counting votes last night. It has risen from a [...]
City Moves for 9 November 2016 | Who’s switching jobs November 9, 2016 Velocity Composites Velocity Composites, a supplier of composite material and consumable kits to the aerospace industry, has appointed Alan Kershaw as chief financial officer. Alan has over 25 years' experience of shaping and leading the finance functions of companies, both privately and publicly held. Alan joins Velocity Composites after serving as finance director for Ultrasis, an international provider [...]
Costly coal and lower US steel prices leave ArcelorMittal braced for weak fourth quarter November 8, 2016 The world's largest steelmaker, ArcelorMittal, has warned low US steel prices and a recent rally in the price of coal will weigh on its profits in the fourth quarter. The figures Earnings before interest, tax, depreciation and amortisation (Ebitda) rose 40 per cent to $1.9bn (£1.5bn) at the global steelmaker in the quarter ended 30 September. However, [...]
Trump versus Hillary: How to make money whoever wins the US presidency November 8, 2016 This presidential campaign has been nothing if not unpredictable. Less than a fortnight ago, a victory for Hillary Clinton looked all but certain. Then it emerged that the FBI was investigating a new set of emails connected with her private server. Now, she has been cleared, but Donald Trump is arguing that her latest exoneration [...]
Britain is embracing free trade just as the world turns to protectionism November 7, 2016 In pointed contrast to President Obama, Donald Trump has promised Britain that it will be at the front of the queue for a free trade deal should he triumph in today’s presidential election. Yet whether a President Trump, or indeed a President Clinton, would be minded to expend political capital on any trade deal has been thrown [...]
Chinese firm to offer £90m for walkie-talkie maker Sepura November 7, 2016 Walkie-Talkie maker Sepura will reportedly receive a £90m takeover bid from Chinese company Hytera Communications. The Chinese telecoms giant is expected to offer more than 25p a share for the business in the coming weeks, according to the Sunday Times. The move would come just months after a series of profit warnings led Sepura to [...]