The fortune of billionaire hedge fund manager Crispin Odey dwindled to mere millions last year April 22, 2016 The wealth of one of the UK's best-known hedge fund managers dwindled from billions to mere millions last year, new data has shown. The heart bleeds… According to figures from the Sunday Times Rich List, the fortune of Crispin Odey – the outspoken founder of Odey Asset Management – fell £200m in 2015, from £1.1bn to £900m. But [...]
Ignore the scaremongers: Chinese capital flight is no reason to panic April 22, 2016 China's economic growth is decelerating. By our estimation, it has more than halved over the last five years. We believe that this is for the better, but many are fearful that we are on the verge of a crisis. They are pointing to recent capital flight as evidence – emerging market economic crises of the [...]
Can the rise in unemployment between December and February be blamed on the EU referendum? April 21, 2016 Jeremy Cook, chief economist at World First, says Yes. The referendum on the UK’s membership of the EU is acting as a depressant on almost all UK economic indicators at the moment, and February’s labour market report is simply the latest. That is not to say that every single piece of weakening data is as a [...]
The best new Android handsets 2016, from LG, Huawei and HTC April 20, 2016 Here's the lowdown on which Android phone to pick up right now this very second… Go. HTC 10 The HTC 10 isn’t the thinnest or lightest Android on the market. But it’s a loveable little chunkster with reassuringly expensive heft and a rounded and outrageously chamfered backside that fits nicely in the palm. It’s an [...]
Metals shine on brighter prospects for China April 20, 2016 Industrial metals shined today, helped by a renewed bout of optimism over the Chinese economy. Metal prices are tied to the outlook for the world's second biggest economy, which is the world's biggest metals consumer. They have started to climb out of a rout recently, sparked by signs that the market is recovering. Citigroup has said there's evidence [...]
The City wades in to Queen Elizabeth II’s birthday celebrations – with some right royal investment tips April 20, 2016 You may have heard, the Queen has a big birthday coming up. Her Majesty will be turning 90 on Thursday 21 April. This is a big and historic moment in the history of the nation and London’s public relations and marketing industries wouldn’t have their world famous reputation if they let an opportunity such as this [...]
Heineken share price soars as the Dutch brewer toasts first quarter sales triumph and beats analyst expectations April 20, 2016 Dutch brewer Heineken's share price has soared after the brewer swept ahead of analyst expectations in its first quarter results, where it received one-off sales boosts from the Vietnamese and Chinese New Years and an early Easter. The figures Heineken's share price jumped 4.7 per cent to an all-time high of €86.95 this morning after the lager giant reported [...]
I have no love for the EU – but leaving would only undermine the UK’s vibrant startup ecosystem April 20, 2016 They say the convert makes the strongest evangelist. As a naturalised Brit who has called London home for almost his entire working life, I feel a particular passion for the United Kingdom. I think we live in one of the greatest countries the world has ever known, and I am hugely bullish about our future. [...]
Port Talbot steelworks set to be bought by management according to reports – while unions agree pay cut ahead of sale of Tata’s Scunthorpe steel plant to Greybull Capital April 19, 2016 The troubled Port Talbot steelworks may be saved as management step up with an offer. Stuart Wilkie, managing director of Tata Strip Products UK, is reported to be leading a management buyout of the plant. Tata's decision to sell its UK operations put 4,000 jobs at Port Talbot alone at risk, and some put the total [...]
More proof Apple’s iPhone sales are stalling April 19, 2016 Have we reached peak Apple? The tech firm warned at the start of the year that its sales would slow, and now new research is out showing that has indeed come to pass. Shipments fell more than 43 per cent to 42m at the start of the year from 75m at the end of 2015, according to research [...]