Londoners spend an entire working week commuting – every year September 11, 2015 Think your commute to work is miserably long? It’s when you add it all up that it really gets depressing, as new figures show that Londoners spend an entire working week commuting – every year. The capital’s workers spend 107 hours every year travelling, making it by far the worst commute in the country, according [...]
All eyes on Fed after BoE leaves rates unchanged September 11, 2015 INVESTORS are turning their attention to the Federal Reserve, after the Bank of England left interest rates unchanged yesterday, saying that the threat to the world economy from China’s stock-market slump did not signal a slowdown for Britain. The Monetary Policy Committee (MPC) voted 8-1 to keep rates unchanged at a record-low 0.5 per cent, broadly [...]
Why the Fed should stick to its guns: The case for raising interest rates this month September 10, 2015 The Bank of England Monetary Policy Committee (MPC) held rates at 0.5 per cent yesterday for the 78th meeting in a row – no surprise about that. Ian McCafferty remains the lone hawk voting for an immediate rise. The rest of the Committee members are sticking to the line that we’ll need to [...]
Occupy London protesters take on the Feds over iPhone surveillance claims during St Paul’s siege September 9, 2015 Meanwhile in the City, Occupy London’s protesters are taking on the Feds, with lawyers for the group demanding to know whether police used anti-terrorism powers to interfere with the hippies’ Macbooks and iPhones during their siege of St Paul's. Matthew Varnham, director of Legal Observers, claims that the revolutionaries “faced various technical issues with [...]
Notion that Rickie Fowler is the most overrated golfer on the PGA Tour is nonsense September 9, 2015 America's Rickie Fowler topped a poll of the most overrated golfers on the PGA Tour in May – what a load of nonsense. In the same week as that insulting poll he went on to beat Sergio Garcia and Kevin Kisner in a play-off to claim the Players Championship at Sawgrass in the most [...]
Sell in May and go away: Advice to bank on? September 8, 2015 AFTER global equities tumbled this summer over fears of a Chinese slow-down and in anticipation of a Fed rate hike, investors might have done well to heed the advice of one old City adage: “Sell in May and go away, don’t come back till St Leger Day.” The saying urges investors to sell off UK [...]
Why China is still weighing on the US Fed – eToro Tips & Picks September 7, 2015 China moved to stem the heavy selling that has dominated the last few weeks yesterday. However, the move failed to calm markets, with Chinese indices falling yet again. The further selling came as the Chinese government also downgraded the country’s 2014 growth rate estimate to 7.3 per cent. Many, however, believe the actual growth [...]
Rickie Fowler rallies as Henrik Stenson falters at Deutsche Bank Open September 7, 2015 America’s Rickie Fowler instigated a comeback in the latter stages of the final round to win the Deutsche Bank Open by a single stroke in Boston last night. Fowler trailed Sweden’s overnight leader Henrik Stenson by two shots with five holes to play but sank a tricky birdie putt on the 14th, and was flawless [...]
As a Federal Reserve interest rate hike creeps closer, should we remain relaxed about the consequences? September 6, 2015 Andrea Cicione, head of strategy at Lombard Street Research, says Yes. We can’t imagine investors feeling relaxed, with a series of Fed hikes looming, but past tightening cycles have generally been benign for US stocks. During the last nine episodes, price to earnings multiples have fallen by an average 4.2x, but in seven, earnings per [...]
Absolute power: Africa, opera and Oktoberfest with Entrade founder Julien Uhlig September 6, 2015 When I meet Julien Uhlig, he’s in the middle of liaising with the Globe Theatre. They used to have a poster of him from when he sung at the opening of the theatre in 1997, he explains. While in London, he’s keen to get hold of it, if they’ve “still got it lying around”. [...]