The AIC Financial Blog

CENTRAL BANKS STAY SUPER ‘DOVISH’

In July, the US Federal Reserve (Fed) cut interest rates for the first time in more than a decade, emphasising the continued accommodative, or ‘dovish’, approach by central banks globally. Fed chairman Jerome Powell cited weaker global growth and...

STERLING SLUMPS ON NO-DEAL FEARS

Boris Johnson’s determination that the UK will leave the EU on 31 October “no matter what” has seen sterling drop around 2.5% since he became prime minister last week, reaching lows last seen in the wake of the EU referendum in 2016. Quilter Investors’ Hinesh Patel...

‘FAANGs’ REPORT ON SECOND QUARTER

With the exception of Netflix, the ‘FAANG’ stocks delivered impressive results in the second quarter. Facebook’s results (24 July) came just hours after the Federal Trade Commission (FTC) announced a $5bn settlement for its morass of privacy abuses. Revenue was up 28%...

TORIES PUT JOHNSON IN NO. 10

Boris Johnson, the former foreign secretary, was officially announced as the new Conservative party leader and UK prime minister on Tuesday (23 July). Widely tipped to beat rival Jeremy Hunt, he won more than 66% of the vote by Conservative Party members and formally...

JAGUAR LAND ROVER CHOOSES UK FOR ELECTRIC CARS

Car manufacturer Jaguar Land Rover (JLR) is to plough millions into its Birmingham factory as it confirmed a range of electric cars would be made in the UK despite Brexit uncertainty. JLR is Britain’s biggest car company, making 30% of the UK’s 1.5 million...

VIRGIN GALACTIC TARGETS STOCK MARKET

Richard Branson’s Virgin Galactic is reported to be planning an IPO before the end of the year, to become the first space tourism business to list publicly. The move will look to provide the business with additional capital to take on space rivals in the form of...

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