The AIC Financial Blog

INSURERS PUSH BACK AGAINST DIVIDEND BANS

European insurers have called on regulators to be more flexible in the wake of the coronavirus pandemic, urging them not to impose “blanket bans” on dividend payments. On Monday (7 Sep) Insurance Europe, the European insurance and reinsurance federation, released its...

ZOOMING AWAY

Shares in Zoom Video Communications gained some 9% on Monday (31 Aug) – to be almost 400% up so far this year – after the company at the centre of a pandemic-induced global explosion in video conferencing raised its annual revenue forecast by more than 30%. The...

TESLA AND APPLE SPLIT THE DIFFERENCE

On Monday (31 Aug), both Tesla and Apple completed stock splits (greatly reducing the average price of their shares by increasing the number in circulation). The reduced prices attracted yet more buyers with Tesla shares gaining some 12.5% and Apple shares moving...

JAPAN’S GDP GOES OFF A CLIFF…

Japan’s economy, the third-largest in the world, shrank 7.8% in the second quarter. This was the third consecutive quarter of contraction translating to an annualised decline of 27.8%, the worst fall since modern records began in 1980. Previously, the worst annualised...

EPIC BATTLES WITH GOOGLE AND APPLE

Last week, Epic Games, the maker of the free-to-play online gaming phenomenon, Fortnite, launched a sophisticated, pre-planned legal attack on both Apple and Google which, between them, control around 95% of the US mobile app download market. Epic fired the opening...

DANCING AROUND THEIR HANDBAGS

Shares in LVMH, the French luxury brand conglomerate run by billionaire Bernard Arnault, fell on Tuesday (28 Jul) following news that second quarter sales had slumped 38% and that profits had nosedived 68% in the first half of the year amid what’s expected to be the...