August’s top and bottom performing funds September 4, 2018 | City Talk The Turkish lira succumbed to a savage slump in August following a doubling of US tariffs on Turkish steel and aluminium in retaliation for the imprisonment of a pastor on terrorism charges. Concerns about the Turkish economy had been mounting for some time given President Erdogan’s increasingly autocratic rule and the appointment of his son-in-law [...]
Connected cows and smart salmon: The internet of things is taking on farming September 4, 2018 The summer heatwave has dried up any complacency that food production in the supposedly green and fertile lands of England and Wales is a relatively straightforward business. The 55,000-strong National Farmers’ Union described the months of heat as a “wake-up call” for the agricultural industry, as an emergency summit was called to address the “crippling [...]
The chart that highlights the eerie calm of the longest US bull market September 3, 2018 | City Talk Last month, the US equity market set a new record for the longest bull market (period without a 20% drop) in history. There’s not much euphoria around, but in case anyone is tempted to get carried away, allow us to offer a sobering thought… Have investors forgotten what it feels like to lose money? Equity investing [...]
Argentina to make fresh cuts in bid to save peso September 3, 2018 Argentina is expected to outline cuts today in a bid to stabilise the sliding peso. The currency's value has declined more than 50 per cent this year, and stood at 36.90 against the dollar this morning. President Mauricio Macri is also under pressure to reverse his policy of cutting farm export taxes, and a reduction in the [...]
Funding Circle confirms IPO that could value it at £2bn September 3, 2018 Small business loans platform Funding Circle this morning confirmed its intention to IPO in a move that could value it at £2bn. The firm plans to float 25 per cent of its shares to generate £300m on the London Stock Exchange, with its debut being underpinned by Danish billionaire Anders Povlsen, who has committed to [...]
Swiss bank UBS closes in on US rivals in FTSE 100 broker rankings September 3, 2018 Swiss bank UBS has closed the gap on its US rivals at the top of the FTSE 100 stockbroker ranking list for the third quarter (Q3), moving up to joint third place with 22 clients. UBS, which acts for blue chip companies such as oil major BP, mining giant BHP Billiton and consumer goods company [...]
Green Man Gaming lines up £100m London float September 2, 2018 Tech player Green Man Gaming is set to announce its intention to float this week in a listing that could be valued at £100m. The float is expected to reap rich rewards for Green Man’s backers which include lastminute.com co-founder Brent Hoberman, Zoopla boss Alex Chesterman and Moshi Monsters co-creator Michael Acton Smith. Read more: [...]
Danish billionaire to anchor £2bn float of p2p lender Funding Circle September 2, 2018 Billionaire Anders Povlsen – a stakeholder in fashion retailer Asos and City broken Numis – has agreed to anchor an up to £2bn floatation of the peer-to-peer lender Funding Circle. The Danish tycoon has agreed to buy a minimum 10 per cent of shareholding into Funding Circle during its floatation this autumn, when it plays [...]
Billionaire Anders Povlsen to back p2p lender Funding Circle IPO September 1, 2018 One of Britain's biggest landowners is set to buy a shareholding in peer-to-peer lending platform Funding Circle when it floats this Autumn. Danish billionaire Anders Povlsen who also owns stakes in fashion retailers ASOS and Zalando, will buy at least 10 per cent of the company up to a value of £1.65bn, Sky News reported. Read more: The [...]
Eurozone inflation slows in August but misses European Central Bank target August 31, 2018 Inflation in the Eurozone area slowed to two per cent this month, narrowly missing the European Central Bank (ECB) target. The drop of 0.1 per cent from 2.1 per cent in July this year has kept inflation above the ECB goal of just under two per cent. Energy is expected to have the highest annual rate this month at [...]
