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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 …

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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 …

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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 …

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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.

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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 …

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News

Jaguar Land Rover (JLR) to go electric

Jaguar Land Rover (JLR) to go electric. This is brilliant… Jaguar Land Rover (JLR) announced today (07/09/17) that their vehicles from 2020 will be electric or hybrid. They said, ‘Every new Jaguar Land Rover model line will be electrified from 2020 – giving customers even more choice.’ The first fully …

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Markets

US debt deal boosts Asian markets

US debt deal boosts Asian markets The news of Donald Trump’s short term deal to raise the US governments debt limit helped markets in Asia.

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Markets

European Central Bank (ECB) September 2017 meeting

European Central Bank (ECB) September 2017 meeting Summary European Central Bank (ECB) leaves rates and bond-buying programme unchanged. Mario Draghi said Eurozone interest rates will remain at current levels for an extended period of time and well past the horizon of net asset purchases. It appears that now is not …

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Markets

Wall Street lifts on debt ceiling deal

Wall Street lifts on debt ceiling deal. US President Donald Trump agreed a deal to extend the debt ceiling with the Democrats. On 6th September congressional leaders and Donald Trump agreed to pass an extension of the debt limit until 15th December 2017. This came after Donald Trump threatened to …

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News

France to explore new law to ban oil & gas production

France to explore new law to ban oil & gas production. In a previous post I wrote about France’s plan to end the sale of new diesel and petrol cars by 2040. I notice a new plan now being considered is to introduce a law to ban the production of …

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Markets
FTSE 100 companies going ex dividend this week

FTSE 100 companies going ex dividend this week on 28th September 2017… Worldpay Group PLC (WPG) Intertek Group PLC (ITRK) Smurfit Kappa Group PLC (SKG) Morrison (Wm) Supermarkets PLC Hargreaves Lansdown PLC  

Markets
Federal Reserve meeting update

Federal Reserve meeting update. The Federal Reserve on Wednesday (20/09/17) announced it will start reducing the size of its balance sheet. At something like $4.5 trillion it will now, after nine years finally start reducing the balance in October 2017 on a monthly basis. US interest rates were held at …

Markets
Dow Jones Industrial Average up again

Dow Jones Industrial Average up again I don’t know how many more times I will report on the rise of the Dow but it did it yet again yesterday (19/09/17). A new high was reached and at close the DJIA was: 22370 The outcome of the Federal Reserve’s policy meeting …

Markets
Record breakers

Record breakers. The record breaking highs just keep on coming as the Dow Jones Industrial Average yet again sets another record high on 18/09/17. The Dow Jones closed up at: 22331 The S&P 500 closed up at: 2503 The NASDAQ closed up at: 6454 For how much longer can these …

Markets
Dow Jones flying high again

Dow Jones flying high again New record high set by the Dow Jones Industrial Average. The DJIA closed up at: 22268 – yet another new record high!

Markets
FTSE 100 companies going ex dividend this week

FTSE 100 companies going ex dividend this week on Thursday 21st September 2017 Old Mutual PLC (OML) Taylor Wimpey PLC (TW.    

Markets
Sterling continues upward march

Sterling continues upward march. The pound bashed through $1.36 against the dollar on Friday (am 15/09/17) as the FTSE 100 falls back. Will it hold on to these gains?  

Investing
J D Wetherspoon reports

J D Wetherspoon reports. End of year accounts from J D Wetherspoon report sales and profits up! Profit before tax is reported at: £102.8 million (up from £80.60 million in 2016). Sales up by: 4% (like-for-like). Where else can you get such good value? J D Wetherspoon PLC (JDW) is …

Markets
Asian stock markets end the week subdued

Asian stock markets end the week subdued Investors appear to largely shrug off the latest provocation from North Korea as another missile is fired over Japan. Japan’s NIKKEI index closed up to end the week at: 19909 and South Korea’s KOSPI index closed up at: 2386. Hong Kong’s Hang Seng …