Latest News and Articles
Nvidia continued its dramatic journey this week, surpassing Microsoft to become the world’s most valuable listed company in trading on Tuesday, valued at $3.335tn, equating to about $135 per share. Two years ago, the company was valued at around $300bn, and eight years ago was worth less than 1% of its current value. Turning…
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The S&P500 and Nasdaq hit new all-time highs this week as investors focussed on the unexpectedly lower inflation figure of 3.3% in May, down from 3.4% in April. However, Federal Reserve officials have signalled they now only expect to cut rates once this year, holding rates at a 23-year high with concerns that inflation remains…
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This week, the European Central Bank cut interest rates for the first time since 2019. Rates were cut by 0.25% to 3.75%, a move that the Federal Reserve and Bank of England are yet to follow, although both of these central banks are holding their next policy meetings in the coming weeks. ECB president Christine…
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It is not only fictional multinational media empires that need to consider future ownership and control. In 2023, the question of how to transfer control of a large, high profile family organisation gripped attention. First the Sky Atlantic series, Succession, drew us in, followed by its inspiration, the transfer of the Fox and News Corporation…
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After weeks of negotiations, this week Czech billionaire Daniel Křetínský has agreed to buy the owner of Royal Mail, International Distribution Services, for 370p per share, valuing the group at £5.3bn. Křetínský’s EP Group must meet commitments such as retaining its UK headquarters and maintaining Royal Mail’s obligation to deliver mail everywhere in the UK…
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Private healthcare options are on the rise as more people are looking at alternatives to the NHS through personal or workplace provision. Protection and insurance products can provide access to some primary healthcare options, such as GP and dental services, and often contribute towards the cost. There are significant differences between providers and products in…
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The country was caught by surprise on Wednesday, when Prime Minister Rishi Sunak announced a snap election on 4th July, months earlier than the anticipated Autumn timescale. Some within the Conservative party have criticised the timing whilst the Tories are currently so far behind in the polls, and that Sunak has not given the economic…
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Savers need to build up more funds if they want to secure a decent standard of living in retirement. An independent pensions body has updated its calculations on how much money people need to fund a basic, moderate or comfortable lifestyle in retirement. Rising food and energy costs, plus the fact more people want to…
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The old stock market adage “sell in May and go away” would so far have proved to be a costly strategy this year, with major global market indices registering another week of solid gains. Investors cheered the US inflation print on Wednesday, with US stocks closing at record highs after the data showed inflation…
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Weekly Market Update 28/06/2024
The UK economy grew 0.7% in the first quarter of the year according to the Office for National Statistics, higher than the previously estimated 0.6%, boosted by stronger household spending. This is the fastest growth in UK GDP since the end of 2021, and marks the end of last year’s technical recession. However, monthly figures…
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