Contents ▾ Fading StarTrading Opportunity?Prospects For the past year or so, Just Eat has been on a rollercoaster journey through the stock markets. When it first entered the FTSE 100 in November 2017, it did so with a valuation of £5.5bn – making it more valuable than Marks & Spencer, Morrisons and Sainsburys. Fading Star […]
The British engine manufacturer, Rolls-Royce Holdings Plc, has backed away from a joint defence project between the UK and Turkey. Rolls-Royce said on Sunday that they were scaling back efforts to join Turkey’s Kale Group in the building of the new fifth-generation fighter jets. As part of a new UK-Turkey defence deal, amounting to over […]
A recent poll of Forex strategists has predicted that Sterling could suffer a loss of around 9% of its value against the dollar in the aftermath of a no-deal Brexit. The UK is expected to leave the European Union on March 29th this year – and as yet, the country remains in a deadlock with […]
Persimmon’s share price plummeted to a one-month low last month, as the house building firm came under fire from the government about profits accrued via the Help-to-Buy scheme. The FTSE 100 firm released its full-year trading report, which showed that its pre-tax profits reached £1.09bn last year, a 13 per cent year-on-year increase. Yet despite […]
The oldest travel company in the world, the Thomas Cook Group (TCG), is looking to sell its profitable airline business in an attempt to raise some much-needed cash. The announcement comes as the company has been plagued by a poor 2018 performance and a difficult financial forecast. TCG will hope that selling their airline will […]
The Japanese brewing company Asahi has purchased Fuller’s brewery, which produces the popular London Pride bitter. Fuller’s have said they will now focus attention on their pubs and hotels business, while the historic Griffin Brewery will be preserved in its Chiswick location. About The Deal Fuller’s achieved a price of £250m for the brewing business, […]
The UK’s economy continues to decline, according to figures released by the Office for National Statistics (ONS). In the three months leading up to November, the UK economy grew by just 0.3%. This is less than the 0.4% growth seen in the three months leading up to October. Part of the poor performance of the […]
The Society of Motor Manufacturers and Traders (SMMT) has released data that has shown car production in the UK fell by nearly 20% in November. This is in comparison to the same time in 2017. The industry’s trade body commented that the weak demand in the UK and abroad is to blame for the dramatic […]
An article in the Financial Times on 1 January 2019 has highlighted the Brexit opinions of some of the leading economists in the UK. All 80 top economists polled by the newspaper felt that 2019 UK business investment and consumer spending will be affected by the uncertainty surrounding Brexit. These experts feel this will still […]
The U.K. car manufacturer Jaguar Land Rover has reported a £90 million pre-tax loss in profits with poor sales figures resulting in Q2 revenues falling to £5.6 billion, a drop of 10.9%. The recent poor sales figures and financial results have seen the car manufacturer commence a major £2.5 billion capital deployment, with the aim […]
eToro, the global investment firm, have released their own cryptocurrency wallet. It will allow traders to buy and sell a range of cryptocurrency, and also let them deposit or withdraw into fiat currency – or exchange cryptos. eToro describe the wallet as: A Multi-crypto on-chain wallet with multi-signature security The mobile app will be available […]
Amazon shares dropped almost 9% in a single day at the end of October, the most they’ve plummeted in 4 years. This came after the tech giant downgraded it’s forecasts for the holiday season ahead and missed key targets in recent earnings reports. Alphabet, Google’s parent company, also saw a share decline of approximately 2% […]
The first time you read “HODL” when researching cryptocurrencies, it causes you to stop reading. “Is it a misspelling?” Well, Yes! – at least it was mistyped originally. Now HODL has spawned a life of its own. It has evolved to represent a long-term trading strategy and philosophy for crypto investors. With the launch of their latest campaign, eToro have […]
Ferguson and Tesco share earnings Ferguson Ferguson is widely expected to achieve growth in its full-year earnings of up to 14 percent, to $4.39, with revenues expected to be up by around 8 percent to nearly $21 billion. Strong momentum in the U.S. has driven the firm’s performance, despite the introduction of higher tariffs and […]
The price of Bitcoin has started to rise again, following a blip experienced during the week commencing 8 October. This was due, in part, to share prices on Wall Street dropping. Trading in the cryptocurrency started off at £4,743.47 ($6,232.67) on 15 October and ended the day at £4,968.83 ($6252.78). Analysis Of Price Action The price […]
Many online analysts feel Bitcoin is on the verge of skyrocketing in price in the near future. Spencer Bogart, a partner with venture capital provider Blockchain Capital, says Bitcoin is: “…close to bottoming. We’re down about 70 percent from our highs, so I think that bitcoin is close to bottoming and so is the rest […]
Alibaba announces a change in leadership After near twenty years as executive chairman of one of the world’s biggest internet companies, Jack Ma has announced that he will be stepping down from Alibaba in one year. Billion $ Business The Chinese e-commerce business was co-founded in 1999 and made Mr Ma, a former English teacher, […]