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Japanese stocks gain after prime minister’s resignation
Thursday 09 Sep 2021Seemingly counter-intuitively, Japanese stocks surged higher after prime minister Yoshihide Suga announced on 3 September his intention to step down with the Nikkei 225 index gaining 2% and the broader Topix index making new all-time highs. There are two reasons why investors took the news...
BA-owner’s short-haul plans could spark fresh budget airline fares battle
Thursday 02 Sep 2021The owner of British Airways is considering setting up a low-cost short-haul operation that would go into direct competition with Ryanair ( RYA ) and EasyJet ( EZJ ) and could trigger a ticket price war. Airline conglomerate International Consolidated Airlines ( IAG ) , which owns British Airways,...
Reasons why stock markets moved higher on latest Fed news
Thursday 02 Sep 2021There was no question who was centre of attention at the Jackson Hole summit of central bankers, held virtually rather than in its usual Wyoming location on 27 August. All eyes were on US Federal Reserve chair Jerome Powell and whether he would give the market any clues on the future direction of...
What investors should do after Prudential’s Jackson Life split
Thursday 02 Sep 2021Insurance giant Prudential ( PRU ) is poised for a major change as it plots the imminent demerger of its US Jackson Life business. In October 2019 Prudential spun off its fund management arm M&G ( MNG ) , crystallising a £5.6 billion valuation with investors receiving shares in both companies...
Bitcoin tops $50,000 as crypto recovery speeds up on PayPal expansion
Thursday 26 Aug 2021Bitcoin surged beyond $50,000 for the first time since May as crypto prices continued to recover from the massive sell-off three months ago. In morning trading on 23 August, the largest virtual currency had advanced nearly 2% $50,253.50, having started August below $41,700. Bitcoin topped $65,000...
Terry Smith finally dips his toe in Amazon
Thursday 26 Aug 2021Having told investors and reporters again at this year’s Fundsmith Equity (B41YBW7) annual general meeting that he was not a fan of Amazon.com, it seems Terry Smith has had a change of heart. According to regulatory filings, the Fundsmith Long/Short hedge fund – which was set up last summer to...
Could the Delta variant risk de-railing the global recovery?
Thursday 26 Aug 2021The last few weeks have seen a number of disappointing ‘soft’ data points in the US and the UK which seem to indicate that the continuing risk associated with the Delta variant is starting to impact consumer decision-making. By ‘soft’ data we mean consumer confidence indicators, spending intentions...
Waning copper production could be good for miners
Thursday 26 Aug 2021The mining sector has been hit hard by the recent volatility in commodity prices amid weaker Chinese economic data and fears the US Federal Reserve is set to start tapering its support for the world’s largest economy earlier than forecast. The FTSE 350 Industrial Metals & Mining sector is still...
The funds looking to shake off the Dog tag
Thursday 26 Aug 2021The latest Spot the Dog report published by BestInvest shows a sharp decline in the number of funds lagging their benchmark by 5% of more over the last three years in a row. The number of dismally performing collectives declined sharply from the 150 identified in the previous report six months...
Food ingredients giant picks London for IPO
Thursday 19 Aug 2021Singapore-based agricultural trading house Olam International has chosen London as the listing destination for its multi-billion pound food ingredients business. Reportedly looking to raise more than $2.8 billion through the listing, Olam Food Ingredients ( OFI ) would offer investors another play...