Car production will improve this fiscal year, says battery maker Panasonic June 1, 2022 Car production is expected to improve this fiscal year, according to battery maker Panasonic. The Osaka-based giant – who makes batteries for marquees such as Tesla – said its total revenue derived from the automotive market will increase from 14 to 19 per cent, with operating profit growing by 16.6m yen (£101.9m). “We will be [...]
Can Bitcoin carry May’s strong finish into June? June 1, 2022 A strong start to the week for Bitcoin continues this morning, with the largest cryptocurrency holding roughly flat at around $31,500.
Bitcoin price up as crypto market rally continues May 31, 2022 It’s been a strong start to the week in the crypto markets, with the price of Bitcoin again rising above $31,000 after nine weeks of losses.
Crypto markets pick up as China eases lockdowns May 30, 2022 Bitcoin yesterday extended its streak of declining weekly returns to a record nine weeks, with the price of the largest cryptocurrency closing the week at just above the $29k mark. Previously, Bitcoin had never gone through more than six weeks in a row without a positive return. However, in contrast to recent weekly closes, Bitcoin [...]
Scottish Mortgage Investment Trust: buying opportunity? May 27, 2022 Scottish Mortgage (LON: SMT) shares are still up 77% over the past five years, despite recent falls. And as central banks make increasingly hawkish noises, its share price is now trading at a 12.7% discount to net asset value. However, this could represent a FTSE 100 buying opportunity. Scottish Mortgage Manager Tom Slater recently told investors that ‘in retrospect, it [...]
Even in these dark times, remember Bitcoin could still bring some light to the world May 27, 2022 Jason Deane reflects on a bad week for the world, but offers uplifting positivity where a future can be helped with Bitcoin.
Altcoins drop as JPMorgan holds Bitcoin price assessment May 26, 2022 The price of Bitcoin remains flat this morning, with low trading volume suggesting there is still indecision among investors.
Cineworld, ASOS and Boohoo: The 10 most shorted LSE stocks and the City fund managers that go after them May 25, 2022 Cineworld Group, the world’s second-largest cinema chain, is currently the most shorted UK listed company, according to the most up-to-date London Stock Exchange data. Some 8.2 per cent of its stock was held short by five investment firms, with New Holland Capital LLC holding the largest short position with 2.4 per cent of the company’s [...]
Crypto markets stable as investor sentiment recovers from recent lows May 25, 2022 The markets appear to have taken a breather so far this week, with Bitcoin stabilising somewhat in the $28,000-30,500 range.
City Moves: Who’s switching jobs in the Square Mile this week? May 25, 2022 City A.M.’s Millie Turner provides a roundup of the most important hires and job moves across the City, every morning. Email citymoves@cityam.com to be featured. BDO Accountancy and business advisory firm BDO has bolstered its audit practice with a new partner, who joins from EY. Rida Rahmani brings more than 15 years of experience to the international audit team. “Rida’s experience of working with clients but also her [...]