Contents ▾ Snap Inc Quarterly ResultsLarge Net LossesFacebook Develops Rival Features Shares in Snap plunge after disappointing first quarter results Shares in Snap, Snapchat’s parent company, have slumped after their first quarterly report delivered some disappointing results for the first three months of 2017. Snap Inc Quarterly Results The first set of results to be […]
A UK industry to keep an eye on for your binary trading strategy According to a recent article by the Motley Fool on AOL, two building sector suppliers, Michelmersh Brick Holdings PLC (MBH:LON) and Forterra Brick (FORT:LON, formerly known as Hanson), could well be worth investigating and speculating on. UK Economy Outlook Uncertain Locating companies that […]
Apple sees drops on reports of declining iPhone sales Apple Inc. recently announced its second quarter and first half results. Despite expectations of positive news, shareholders and investors were left to ponder some disappointing figures. Shares in Apple had been trading at a record high of $147.28 prior to the results announcement, but the company’s […]
Crude prices fall on oversupply pressures Oil prices dropped to an almost six-month low on Thursday May 5th closing at below $50 barrel, the lowest since November 29 last year. The fall has entirely wiped out a recovery driven by OPEC and other oil other producing countries. They moved at the end of last year […]
The market reacts to snap general election UK Prime Minister, Theresa May, announced a snap election on the 18th of April 2017. The election, which will take place on June 8th, came as a surprise to many – not least because May herself had previously ruled out calling an early general election on several occasions, […]
Pound up in GBP/EUR and USD in the wake of general election announcement There’s a general election on the way and after Theresa May’s surprise announcement stating that citizens will be off to the polls again in June, sterling reacted positively. Sterling Rallies During what was a volatile trading session, sterling eventually rallied to its highest […]
Lloyds Banking Group to make more cuts Lloyds Banking Group, the leading provider of current accounts in the UK with over 30 million customers, has announced 325 forthcoming job cuts and 100 store closures over the next four months until October. A further 300 store closures are expected by the end of the year, in […]
TechFinancials 2016 Report Shows Boom In Far East In early April TechFinancials Inc, a brokerage and binary options platform group, released their financials. Not a great deal of attention was paid to them, and in fact the results seemed to underwhelm the market, with the organisation’s shares trading down by 13% immediately following their release. Wider […]
Demand for gold continues to surge amid geopolitical upheaval The net demand for gold has reached its longest run for five years, with BullionVault investors adding the precious metal for the eight consecutive month. The decision by the online internet peer-to-peer gold-and-silver-bullion exchange marked the longest stretch of gold buying since the summer of 2012. […]
GBP/EUR rate soars due to service sector growth New data has revealed the pound has gained against the euro as Britain’s service sector beats forecasts. Sterling is up by around 0.25% against the euro. This comes after the Services Purchasing Managers Index revealed the UK’s service sector experienced a three-month high in March. The pound was […]
British supermarkets continue to feel the post-Brexit pinch It’s been nine months since the UK voted to leave the EU. It goes without saying that things have been rather fluid in the markets ever since. As pass beyond the end of Q1 for 2017, the pound hangs perilously close to the euro, as expected. As a […]
EU vetos Deutsche Boerse-London Stock Exchange merger deal A proposed 29 billion-euro merger between the British and German stock exchanges has been blocked by European regulators, ending a deal that floundered following the UK’s Brexit vote. LSE Exchange Monopoly The merger of the London Stock Exchange and the German Deutsche Boerse has ended. It would […]
US jobs rise surpasses expectations but dollar falls after disappointing wage growth The US economy was boosted by a surge in job creation during February. The month saw 235,000 new jobs created. As a result, unemployment fell to 4.7 percent and the labour force participation rate increased to 63 percent. The rise in job numbers beat […]
Global free trade at risk as G20 drops pledge at summit The formal agreement between the world’s 20 largest economies, or the G20, to trade freely with each other has been imperilled amid concerns about US President Donald Trump’s “isolationist” policies. America First President Trump’s “America First” rhetoric, has included pledges to impose huge import […]
Wall Street analyst gives Snapchat a sell rating The much anticipated and hyped IPO of Snapchat is well underway. The biggest tech IPO since Facebook in 2012, Snapchat’s debut as a pubic company saw its shares surge by 44% in the first week of trading. From $17 per share to a price of $24.48 per […]
Sterling (GBP) unruffled by Scotland uncertainty GBP ticked up slightly after the latest Scottish independence referendum announcement. Nicola Sturgeon announced on 13 March that she would seek authority from the British Government to hold ‘indyref2’, to take place sometime between late 2018 and spring 2019. Sturgeon said she wanted to give Scotland the choice between […]
Business as usual for FTSE All Share following Budget announcement With the FTSE 100 slightly higher and the pound stagnating around the same level as its seven-week low when compared to the dollar, you’d be forgiven for forgetting that there was a budget announcement. Chancellor Philip Hammond’s budget barely made a dent in the stock market […]