These are the voyages of the Starship Post Brexit Enterprise. Its five-year mission: to explore strange new financial opportunities. To seek out new investment and income. To boldly go where no fund manager has gone before! In a rare move for the financial world there has been a push back on liberalisation and deregulation. A…
The UK’s Competitions and Markets authority has announced it will be running a number of antitrust investigation’s and probes into big tech including Google and Amazon. This has come off the back of the CMA being untethered from EU powers and free to pursue its own means and actions. One may question though the effectiveness…
Theres a line from the famous F Scott Fitzgerald novel The Great Gatsby that comes to mind at the moment, ‘You can’t repeat the past.’ ‘Can’t repeat the past?’ he cried incredulously. ‘Why of course you can!’ News has emerged that Neil Woodford, yes that Neil Woodford, is set to launch a new investment fund…
You’ve seen it, cheap bubbly, cheese and crackers, wine, last minute essentials on offer for the big day. On the continent however there might be other deals occuring. The Pound has resurged on the glimmering hopes of a last minute deal. Michel Barnier himself stating that it may happen this week. In a period that…
ESMA has refused to relax rules around swap trading by EU banks operating in the United Kingdom. The hope was from, January the banks would continue under UK rules, this however will not be the case and they will need to toe the line. ESMA had hit back at UK regulators saying it is their…
The 2020 US election is nearing its final stages. At time of writing the contender Joe Biden holds 264 electoral votes, Trump 214. Trump can’t afford to lose any more of the remaining 4 uncalled states if he wants 4 more years. Surprisingly in such a drawn out affair markets are up in the States.…
US private equity firm Ares Management is currently in talks to buy scandal hit AMP, one of the largest finance groups in Australia. Market cap of AMP currently stands around 3.84BN USD, so no small potatoes for a potential suitor. AMP has been in the headlines since 2018 after an inquiry found it had mislead…
Terry Smith, the enigmatic founder of Fundsmith and Manager of the ever popular Fundsmith Equity Fund has released a book. It consists of a series of essays written over the last 10 years. The book offers a deep dive into equity markets and valuation of their companies. This isn’t Smiths first rodeo however, publishing Accounting…
Following further lockdowns, restrictions and unimpressive earnings from US tech giants, equity markets are on track for their worst week since March. As we move forward closer to year end, with increasing infections and more disruptions to businesses, its not a stretch to think that its going to be a long, hard winter for markets…
Cash as they say, is king. However this colloquialism has been the focus of debate over recent years. Increased ease of use of electronic and card based payment methods, couple with national level lockdowns appears to have hastened the decline of the use of cash by the public. In 2018 card based payments overtook cash…