UK firms warned trade with more than 40 non-EU locations will be disrupted post-Brexit, as current trade deals depend on EU membership February 13, 2017 UK firms are today being warned they might want to look further afield than the EU for areas where trade could be interrupted. The UK's current trade arrangements with over 40 locations, including South Korea, Switzerland and Mexico, are in place because of the country's EU membership, warns a report by law firm Clifford Chance and the Confederation of [...]
The Bundesbank conspiracy: Why Germany is really repatriating its gold February 13, 2017 An official announcement last week that the Bundesbank had pretty much repatriated half its gold reserves ahead of schedule has once again sent the rumour mill into overdrive. Fans of the precious metal – not shy of a good conspiracy theory – have been deliberating over the move ever since Germany detailed it back in 2013. Initially, [...]
Here are four reasons why the Russian ruble is at its strongest level against the US dollar since July 2015 February 13, 2017 One of the best performing currencies of 2016 was the Russian ruble. In fact, having edged up a further 0.5 per cent against the US dollar overnight, the currency is at its strongest level against the greenback since July 2015. But what is driving the change? The answer is a mixture of actual changes and market [...]
Russian gold miner Nordgold is delisting from the London Stock Exchange February 9, 2017 Russia's Nordgold today said it will delist from the London Stock Exchange to revamp its valuation. Owned by Russia's richest man, billionaire Alexey Mordashov, the gold miner said it has failed to increase its market capitalisation in line with rallying gold prices. Nordgold said its global depositary receipts (GDRs) were undervalued because of low trading volumes and general lack of liquidity caused [...]
The new indifference: Why markets just don’t care about political risk February 9, 2017 The market reaction to excessive political turmoil has been extraordinary over the last year. Any investor with a crystal ball would have shunned risk assets, given the traditional relationship between political uncertainty and equity market volatility. But they would have been wrong. Incredibly, markets dismissed each event with increasing disdain. There is no sign of [...]
The UK economy is gaining momentum despite Brexit fears, says the OECD February 8, 2017 UK economic growth is gaining momentum despite concerns over Britain's future EU trade deal, according to the Organisation for Economic Co-operation and Development (OECD). The composite leading indicator rose to 99.5, according to the group of richer nations, continuing a clear upward trend from July 2016, the month after the UK's referendum on EU membership. The [...]
An open and immigrant-friendly UK can stay in the top 10 as the world economy doubles in size by 2050 says a new report February 7, 2017 The world economy is set to double in size by 2050, with the UK hanging on to a spot in the top 10 if it can forge successful new trading links and an open attitude to immigration after Brexit, according to a new report. The UK will fall one place in terms of purchasing power [...]
The UK is losing out on foreign direct investment due to the uncertainty following Brexit vote February 7, 2017 The UK is losing out on foreign direct investment (FDI) due to the uncertainty following last year's Brexit vote, according to a new study by accountancy group UHY Hacker Young. The study, which looked at FDI inflows last year in 45 major economies, found the amount of investment fetched by the UK is lagging behind [...]
Russia set to miss World Athletics Championships in London after IAAF vote to extend ban from international competition February 6, 2017 Russia are set to be banned from this summer’s World Championships in London after athletics governing body the IAAF voted to extend the country’s suspension from international competition for state-sponsored doping. The IAAF unanimously opted to prolong the ban, which was initially introduced in November 2015, on the Russian Athletics Federation (RUSAF) at a council [...]
Exit the dragon: Moonpig founder Nick Jenkins rubbish tips, accurately exercising dogs and how to make a difference February 1, 2017 "My mental maths has certainly got loads better. They take your phone away so we have to do all the calculations in our heads, on the spot," says Nick Jenkins, the Dragons’ Den dragon, founder of Moonpig and businessman whose personal wealth stands at around £150m. Jenkins, who is leaving the BBC show at the end of [...]