Bitcoin price (BTC) just climbed above the “critical” $11,000 level March 2, 2018 Bitcoin has climbed back above the “critical” $11,000 level this morning. The cryptocurrency has been trading around the $10,000 mark for the past month with just a few breaks above $11,000. “This is a critical area as traders have failed to break above the $11k mark and we will be watching the price action closely,” [...]
BNP Paribas Asset Management funds arm has ditched tobacco investments across all its active strategies March 1, 2018 BNP Paribas Asset Management has decided to ditch tobacco investments across all of its actively managed vehicles. The ban, which was already in place across BNP’s sustainable funds, will join the exclusions of “controversial weapons” and asbestos. The investment management business, part of major bank BNP Paribas, had €569bn in assets under management at the [...]
Retail job losses could number 15,000 as industry strains under cost pressures March 1, 2018 At least 15,000 retail sector jobs have either been slashed this year or are now at risk as household names sink into administration, according to calculations by City A.M. Toys R Us and Maplin went into administration yesterday, putting more than 5,500 jobs in doubt. The double-whammy for the industry comes after fashion chain East [...]
What is the cost of care? February 28, 2018 The number of people who require social care in later life is rising. What is the best way to prepare for this possibility and how can the costs be met? Nearly half of people in independent care homes fund it themselves at the same time local authorities are struggling to meet demand for care. How [...]
AA share price jumps on insurance guru board pick February 28, 2018 AA shares roared this morning after breakdown giant appointed an insurance heavyweight to its board. Cathryn Riley, currently the chair of AA’s insurance broker, is to become a non-executive director with immediate effect. Riley is Aviva’s former chief operations officer and a non-exec at the likes of Equitable Life and insurance underwriter Chubb. Previously, she [...]
Pious attacks on the finance sector are socially destructive February 28, 2018 Attacks on the financial sector are commonplace. The Pope, the Archbishop of Canterbury, and Jeremy Corbyn have all been critical of modern finance while demanding a financial sector that serves the “real economy”. Of course, religion and finance have always been uncomfortable bedfellows, and the extreme left now has a clear preference for a centrally [...]
The Steeda Q500 Enforcer review: Meet the UK’s best modified Mustang February 26, 2018 Ford hit the jackpot with the 1965 Mustang. It offered sporty styling, an upwardly-mobile image and enough power for the interstate highway, all for just $2,368. Detroit churned out more than a million in the first 18 months, and the Mustang quickly became part of America’s popular culture – eulogised in songs such as Wilson [...]
Goldman Sachs hit by multi-million pound Aberdeen Standard Life shun February 26, 2018 Investment banking behemoth Goldman Sachs has missed out on a multi-million pound payday after being spurned by Standard Life Aberdeen. On Friday Standard Life Aberdeen sold its insurance arm to zombie specialist Phoenix in a deal worth £3.24bn. Jettisoning its insurance operations completed what Standard Life Aberdeen bosses Martin Gilbert and Keith Skeoch called the [...]
Warren Buffett annual letter: Berkshire Hathaway just made a record profit thanks to US tax changes February 24, 2018 Berkshire Hathaway, the business headed up by legendary investor Warren Buffett, today reported a record annual profit after Donald Trump’s tax changes boosted its earnings by more than $29bn (£21bn). The figures The company’s full-year earnings shot up 87 per cent to $44.9bn, though Buffett admitted only $36bn came from Berkshire’s operations. Operating profit fell [...]
NRA boycott: Companies like Delta, Hertz and Chubb have ditched the National Rifle Association (NRA) February 24, 2018 A number of companies have cut ties with the US National Rifle Association (NRA) as outrage bubbles up following a deadly high school shooting in Florida. More than a dozen firms including Delta Airlines have ended their corporate partnerships with the controversial organisation as pressure builds from supporters of gun control, led on Twitter by [...]