“Its always in the last place you look”, “it’s probably where you left it”, “check down the back of the sofa” These are statements that are usually helpful when we lose the TV remote, our phone or a tenner, less so when the missing amount is £1.7Bn and you’re a major international payments processor. Wirecard…
As the old saying goes, teach a man to fish and he is fed for a day, teach a man to fix the price of fish and he will spend 40 months in prison. Well this exactly what happened to formed Bumble Bee Foods CEO Christopher Lischewski who was caught in a scheme to artificially…
It’s a little-known fact that in Chinese the phrasing used for the word crisis or danger also means the same as the word opportunity. Its been announced that JustEat the Takeaway giant will acquire its competitor Grubhub for $7.3 Billion. At a cursory glance M&A activity such as this is would seem strange given the…
With Oil prices hitting record lows and global industry grinding to a halt in the wake of Covid some major energy firms are feeling the pinch. At time of writing, BP has announced that it is cutting 10,000 jobs. The company is also reducing its capital expenditure by about $3B. This comes off the back…
It is said that in certain conditions some smaller planes can be flying inverted without the pilot noticing, known as spatial disorientation. Emphasising the importance of checking instruments. On the back of a transcendental few months for the office based population a new challenger has risen to the task of video web based communication, of…
Late last week S&P downgraded Rolls Royce from investment grade to junk, citing “prolonged weak profitability”. The perceived risk of investing and dealing with the company at the contract level increases greatly on the back of this news. This will affect many funds also, due to requirements surrounding holding investment grade bonds. Prior to this…
A more off the wall think-piece for your update today as Las Vegas rolls the dice on its reopening on June 4th. Big Business has grown bored of the virus and has decided to double down and spin the wheel on lives once more. Gone now however are the days of the authentic casino experience.…
It is the middle ground between light and shadow, between science and superstition, and it lies between the pit of man’s fears and the summit of his knowledge. This is the dimension of imagination. It is an area which we call the Twilight Zone. Consider if you will, the year 2020, a pandemic grips the earth,…
In the wake of Covid-19 many companies are feeling the strain on their operations and the reapers shadow of bankruptcy looms ever closer for some. Airlines, with their paper thin margins, many thought would be the first to go, Thai Airways rumoured about to go into bankruptcy protection (at time of writing) notwithstanding. In the…
First the facts, unemployment claims in the USA have now just hit 36M total as Covid-19 related lockdowns and restrictions rumble on. This is an increase of 3M on the last week. Peak figures on a weekly basis were around 7M in a single week at the end March. Truly frightening statistics further compounded by…