NewsNasdaq Soars After Trump Announces Iran Sanctions
Remarks by President Donald Trump, who suggested that the US and Iran were refraining from further military action, resulted in US stocks posting solid gains after overnight losses. The Nasdaq soared to a new record close that day, while the Dow Jones Industrial Average and S&P 500 finished close to their own peaks. Every sector […]Jaguar Land Rover Return To Profits For Second Half Of 2019
Jaguar Land Rover has announced profits for 2019/2020; due to increased sales in China in the last three months of the year. The Midlands-based company forecast losses for the year, based on a £90mn shortfall for the same quarter in the previous year, however, buoyant sales in China from September 2019 gave the Tata-owned carmaker […]Is The High Street Any Closer To Embracing Cryptocurrency?
Do you remember when paying by check was the only alternative to cash? The way we work and spend has changed dramatically in even the last two or three years, but has the high street finally seen the light and begun to embrace bitcoin and other cryptocurrencies? Will 2020 finally be the year the high […]Should We Expect A Stable Pound To Euro Exchange Rate In 2020?
Last year the pound to euro exchange rate saw a lot of turbulence as political events, such as Brexit negotiations, provided a barometer for the exchange rate. Although, according to financial experts, British sterling ended 2019 on a ‘firm note’, the exchange rate is expected to continue to be volatile and highly influenced by political […]Controversial Brazilian Mining Bill Moves Closer To Law
A controversial plan introduced by Brazil’s President, Jair Bolsonaro, that would see the country’s native reservations opened up to commercial exploitation, will soon be formally introduced to the legislature, opening the door to a potential resources boom in South America. Relaxed Laws The bill aims to relax laws across a whole range of industries, including […]UK Energy Sector To Face Heavier Regulations In 2020
The UK’s energy market regulator, OFGEM, has announced recently that investor returns on income will be cut to help reduce household bills across the country. The move comes after mounting pressure for the regulator to not only help keep prices low on gas and electricity for consumers but also to help the sector meet the government’s […]More House Of Fraser Stores To Close In 2020
Sports Direct, the new owner of struggling fashion retailer House of Fraser, has announced that it will close more high street stores in 2020 after it deemed a number of unprofitable stores ‘unsustainable’ in the long term. House Of Fraser Sale House of Fraser, which was bought by Sports Direct owner Mike Ashley after it […]£2.8bn Taken Out Of Property Funds In UK In Past Year
UK property funds have taken a massive hit over the past 12 months as many investors have sold up. The two main reasons for this are underperforming UK high streets and Brexit worries. This news was announced in the week ending 6 December, following news that the M&G property fund was suspended following withdrawals of […]Daily Mail’s Parent Company Buys Out The ‘i’ Newspaper
The parent company of the British newspaper The Daily Mail has begun the process of purchasing the i newspaper for £49.6m from JPI Media. DMGT (Daily Mail & General Trust), a multinational conglomerate who own a number of British newspapers made a bid for the newspaper, which was initially started as a sister paper to […]PayPal Announces $4 Billion Acquisition Of Honey
PayPal, the online payments company, has announced its most significant attempt to date to evolve its current offerings beyond its core payments business model. The San Jose-based company is purchasing Honey, the e-commerce company, for a reported $4 billion. Largest Purchase The acquisition is the largest in the history of PayPal. The online payments company […]Older Posts