Gold, the Federal Reserve, and the dollar – what’s driving up precious metal prices? March 19, 2019 Gold has been making a comeback. After a long period with little activity last year, the precious metal’s value has risen as stock markets have struggled and fallen. Combine the volatility of equities with the increase in geopolitical fears, and many investors are re-evaluating whether to increase the amount of gold in their portfolios. The [...]
Andover fire burns revenue at Ocado March 19, 2019 Ocado’s Andover factory fire will hurt first quarter sales, the retailer warned today, adding that it will continue to impact sales in the months to come. The three-day blaze destroyed one of Ocado’s flagship robotic distribution centres and sent shares down 12 per cent in early February. Today the firm revealed revenue grew 11.2 per [...]
Asset management firm Miton boosts fund manager pay by 71 per cent March 18, 2019 Boutique asset management firm Miton boosted fund manager pay by 71 per cent last year, the London-headquartered company announced today. Fund managers saw their bonuses and rewards pay soar to £5.8m in 2018, while employees saw fixed compensation, including salaries, pensions and national insurance payments, rise by three per cent to a total of £6.9m. Read [...]
New Zealand mosque shooting: At least 49 dead, 20 injured after ‘terrorist attack’ March 15, 2019 New Zealand has been placed on its highest security threat level after a gunman killed 49 people and wounded more than 20 at two mosques in Christchurch. In an act condemned as terrorism by Prime Minister Jacinda Ardern, an attacker broadcast online live footage of the assault after publishing a so-called manifesto in which he [...]
Just Group leads FTSE fallers after revealing £400m fundraising plans March 14, 2019 Retirement services firm Just Group has seen shares fall 11 per cent today after revealing plans to raise almost £400m to comply with new capital requirement rules as it unveiled a heavy loss before tax in 2018. The firm said it plans a debt offering of £300m and will raise a further £80m from an equity [...]
Businesses fear political threats and cyber attacks in uncertain risk environment March 14, 2019 More than three quarters of general counsels and board members view the risk landscape as having become significantly more complex in the last three years, with political risk cited as the number one risk facing businesses and technological risk a close second. A survey by law firm Clyde & Co and professional network organisation Winmark [...]
Donald Trump’s former campaign chairman Paul Manafort sentenced to a further three and half years in prison March 13, 2019 Donald Trump’s former campaign chairman Paul Manafort has been sentenced to a further three and half years in prison after pleading guilty to two counts of conspiracy. Manafort was handed a sentence of six years and one month after admitting to two charges related to money laundering, illegal foreign lobbying in Ukraine and attempted witness [...]
Dixons Carphone hit with £30m fine for mis-selling mobile phone insurance March 13, 2019 Dixons Carphone has been fined £29.1m for historic mis-selling of mobile phone insurance. The Financial Conduct Authority (FCA) issued the penalty for behaviour between December 2008 and June 2015 at Dixons’ subsidiary, Geek Squad. Read more: Games and TV boost helps offset mobile phone slump at Dixons Carphone Geek Squad staff were trained to recommend [...]
Horse Racing Betting Tips: Delta will have to Work hard but can land Russell Another RSA Chase March 12, 2019 EVEN though the RSA Insurance Novices’ Chase (2.10pm) remains a tough test for a novice, it’s not quite the brutal one it used to be. There are only 12 declared runners for this afternoon’s renewal and the monster- sized fields seem to be a thing of the past. In fact, in four of the last [...]
Britain’s trade gap widens as exports to EU fall March 12, 2019 The UK’s trade deficit in goods and services widened by £1.3bn to reach £10.4bn in the three months to January as exports of cars and fuels fell, the Office for National Statistics (ONS) has said. Britain’s trade in goods deficit widened by £1.6bn with EU countries and £0.8bn with non-EU countries to reach a total of £38bn, the [...]