Manchester City owners City Football Group receive £265m investment from Chinese consortium December 1, 2015 City Football Group (CFG), the owner of Manchester City, has received a £265m investment from Chinese institutional investors, valuing the company at £2bn. Led by state-backed media and sport investment company China Media Capital Holdings (CMC), the Chinese consortium will take a 13 per cent shareholding in the company, following six months of negotiations. Read more: Xi Jingping visits Manchester [...]
Bank of England stress tests: RBS and Standard Chartered flagged for “capital inadequacies” as Bank warns new capital requirements could be introduced next year December 1, 2015 British banks could be required to bolster their capital reserves by billions of pounds as soon as next year, the Bank of England said this morning, as it revealed that two of the country’s largest lenders had narrowly avoided failing its latest round of stress tests. The Bank is actively considering raising the so-called countercyclical buffer, [...]
COP21 and how to profit from tougher environmental regulation: Investors buy shares in companies which make the world cleaner, greener and safer after the Paris climate talks December 1, 2015 As global leaders meet this week in Paris at the United Nations climate conference, there’s only one industry welcoming the prospect of greater regulation – the firms which help people comply with the rules. This latest round of climate talks, known as COP21, involves 160 countries debating ways to tackle climate change. While the [...]
The Fed will clear things up for Aberdeen and co. November 30, 2015 Aberdeen Asset Management boss Martin Gilbert was in a bullish mood yesterday, insisting that his firm posted "a great set of numbers considering emerging markets are so out of fashion”. Emerging markets did, indeed, fall out of fashion earlier in the year – largely accounting for the £12.7bn worth of outflows that Aberdeen racked up [...]
George Osborne’s Big Red Book is securing UK prosperity while Maoism gathers dust November 30, 2015 George Osborne set out last week how this government is fulfilling its manifesto promises: delivering financial security on the back of economic growth, and national security in an uncertain world. Coupled with plans to make markets work better for families and firms – like increasing competition so bills come down – he spoke to the [...]
Euro-dollar trader? Look elsewhere this week November 30, 2015 With the euro tumbling nearly 950 points since mid-October, how much further can euro-dollar drop? Some say to $1.0450, others parity. We don’t disagree with either of these outlooks and the FXCM SSI index shows that retail traders are still net long the euro-dollar. As it’s a contrarian indicator, it suggests we should remain net [...]
China dominates sentiment in listless market – eToro Tips & Picks November 30, 2015 If there are no unexpected developments in the Middle East or any other major news events, the next few days are likely to be reasonably quiet for the US and European markets. Investors seem to be watching and waiting ahead of Friday’s US non-farm payrolls report and Janet Yellen’s speech. Even if the markets [...]
China’s yuan clinches membership of the International Monetary Fund’s special drawing rights basket November 30, 2015 In a much expected move, the International Monetary Fund (IMF) has included China's currency, the yuan or RMB, in its elite currency basket. The yuan joins the yen, pound sterling, US dollar and euro in the IMF's special drawing rights – which acts as the IMF's own currency. While the move has little immediate practical significance, it is [...]
COP21 Paris climate summit: “Climate responsibility” will not come for free November 28, 2015 If you expect the 21st UN Climate Summit to deliver an ambitious and globally binding climate agreement, prepare to be disappointed. In research done by Simon Herr at the the School of Economics and Political Science at the University of St Gallen, it is shown that previous summits such as Copenhagen in 2009 failed for [...]
At the close: FTSE 100 index closes lower on miners November 27, 2015 The FTSE 100 closed down today, led lower by miners after having made gains yesterday. The UK's top blue-chip index closed 0.28 per cent down, at 6,375 points, led lower by Anglo American and Glencore, after negative data from China was released showing that Chinese industrial profits fell 4.6 per cent in October. Miners, other than BHP Billiton, yesterday led [...]