Markets

European stocks mixed & FTSE lower ahead of hurricane storms & North Korea tension

European stocks mixed & FTSE lower ahead of hurricane storms & North Korea tension London stocks closed lower on Friday as investors fret amid worries that North Korea might be preparing for a missile launch on Saturday to mark the celebration of its founding day. The FTSE 100 closed down …

Markets

Uber update!

Uber update! Uber is reported to be under FBI investigation for allegedly using software against its competitors. See Wall Street Journal report here for more details. Uber never seems far from controversy?    

Markets

Shares in Thomas Cook fall after pilots strike

Shares in Thomas Cook fall after pilots strike. The shares in Thomas Cook Group PLC (TCG) a FTSE 250 company fell 2.7% at 120.55 today (08/09/17). Pilots followed through on planned strike action over pay. This is quite significant as it is the first strike action taken by UK pilots …

Finance

Euro up against the dollar

Euro up against the dollar. The euro has been on a roll recently. This year it is up 15% against the US dollar and just a few months off a three year high. So far, the pound holds on to gains and is currently (08/09/19 AM) up against both the …

News

Equifax hacked!

Equifax hacked! Equifax has reported that the company suffered a data breach affecting 143 million US clients. Apparently some UK customers were also compromised. In a report Equifax said that birth dates, addresses and US social security numbers had been stolen. Advice Be aware! If you have used ever used …

News

Uber jumps on electric vehicle bandwagon

Uber jumps on electric vehicle bandwagon to fight air pollution! Uber announced a £150 million fund to tackle UK air pollution and offer a diesel scrappage scheme. They want to encourage their drivers to switch to electric or hybrid vehicles. Their aim is for all vehicles in London using its …

News

BMW electric dreams are big

BMW electric dreams are big. Just a quick update to my previous electric car posts. I see report from BMW says that they have 25 electric and hybrid models by 2025 for sale, twelve of which will be entirely electric. They also say that they will have more than 200,000 …

Markets

Is the UK economy stuck?

Is the UK economy stuck? If the data released from The British Chambers of Commerce is correct then, yes! The gloomy picture painted suggests the UK economy growth in 2018 will be the weakest since the 2088/2009 recession. The British Chambers of Commerce say the UK economy as a whole …

News

On The Market takes AIM

On The Market takes AIM. Onthemarket.com is planning to float on the junior AIM (Alternative Investment Market). Presumably the capital raised will be used for restructure and expansion. Onthemarket.com is the estate agents own property portal and an alternative to Rightmove PLC. One to watch.

Markets

US tax reform by end of year?

US tax reform by end of year? How likely is it that US tax reforms will come to fruition by the end of 2017? I notice US treasury secretary has indicated that President Donald Trump’s tax reforms will be passed by congress. Is this elusive or likely? Originally US corporation …