Before the bell: What you need to know before the US market open June 13, 2016 China's decelerating economy is causing fresh concern across international markets and the International Monetary Fund isn't helping. Here's what you need to know before the US market opens at 14:30 London time. The US market is pointing heavily south ahead of the open. The S&P 500 is down by 0.31 per cent in the pre-market. The Nasdaq [...]
Tennis star Andy Murray serves up three more investments via Seedrs June 13, 2016 Tennis star and former Wimbledon champ Andy Murray has announced three more investments in British startups, made via the crowdfunding platform Seedrs. Murray, who lost to rival Novak Djokovic in the final of the French Open last weekend, has invested in Beeline, Dog Tracker Nano and blow LTD. The size of the investments has not been disclosed. Beeline is [...]
Fintech helps to push foreign direct investment in UK financial services sector to highest level since 2006 June 13, 2016 Foreign investors can't get enough of the UK's financial services market, with a report out today discovering that fintech has helped push foreign direct investment (FDI) to its highest level since 2006. The research by professional services firm EY discovered that, in 2015, there were 94 FDI projects in the UK's financial services sector, which in turn generated 8,138 [...]
Week ahead: Investors watch BoE and sterling as EU vote nears June 13, 2016 Brexit braying and the Bank of England’s interest rate decision will be closely followed by investors this week. Ahead of the BoE’s announcement on Thursday we’ll hear from the US Federal reserve, and though markets are not expecting a move from either, investors will be paying close attention to the language used by policy makers. [...]
Why crowdfunders need to focus on finding the best deal for investors rather than offering the highest valuation for companies seeking finance June 10, 2016 In Britain, small to medium-sized enterprises (SMEs) account for 99.9 per cent of the nation’s private sector businesses, employing 15.6m people and boasting a combined annual turnover of £1.8 trillion. Worryingly, however, despite their importance to the British economy, more than half of these SMEs will fail within the first five years of establishment, with insufficient capital [...]
Pension freedoms haven’t inspired people to shop around for better deals, as charity slams proposed exit charge cap for being too high June 10, 2016 Critics of the pensions freedoms worried it would lead to pensioners going on shopping sprees for Lamborghinis. However, research out today suggests they should have been more concerned about them not shopping around for the best pensions deal. The study by Citizens Advice discovered that seven out of ten people who have dipped into their pensions pot since [...]
At the close: FTSE falls as miners give up gains June 9, 2016 The FTSE 100 lost ground today as miners slumped. A fall in the oil price, as well as disappointing numbers out of China, meant the blue-chip index snapped its four-day winning streak. The FTSE finished at 6,231.89, down by 1.1 per cent. The FTSE 100 had risen in its previous four sessions. US stocks also dragged as investors worried [...]
Before the bell: What you need to know before the US market open June 9, 2016 South Korea has unexpectedly cut its interest rates, while New Zealand's central bank remains on hold. In China consumer prices rose less than expected, muting economist hopes that the economy is stabilising earlier in the week. Here's what you need to know before the US markets open at 2:30pm London time. US futures are pointing downwards. The S&P is [...]
Classic cars are becoming one of the UK’s best investments – but which ones should you be buying? June 9, 2016 With equities currently more volatile than Sarah Wollaston's views on the EU, and gold all over the place, it's no wonder an increasing number of people is turning to classic cars as an investment. New research suggests one in five people are now considering splashing out on a vintage set of wheels. And British marques [...]
Why an England Euro 2016 defeat will wipe billions off stock markets June 9, 2016 After a disappointing 2014 World Cup, the nation is eagerly awaiting the start of Euro 2016. With a 100 per cent record in the qualifiers, and currently priced at 8/1 fourth favourites, England are quietly confident that they can at least emulate their semi-final appearance 20 years ago. But it shouldn’t only be football fanatics [...]