Search Results for: Pound
IG Group revenue rises as volatile markets boost volumes
March 22nd, 2016
IG Group Holdings Plc (IGG.L), a British online trading company, reported an 18 percent rise in third-quarter revenue as traders speculated more during heightened market volatility. IG Group, the UK’s first financial spread betting company, also said discretionary remuneration ...
EU referendum: Moody’s predicts ‘small’ UK economic hit from EU exit
March 22nd, 2016
The UK economy would be hit by leaving the EU, but the impact would be “small” and unlikely to lead to big job losses, according to credit agency Moody’s. The UK could also be allowed to keep many of ...
Egypt is weighing tougher regulations on foreign-exchange dealers
March 21st, 2016
Authorities targeting black market to end dollar shortage Central bank devalued the pound and raised rates last week Egypt’s central bank is weighing tougher regulations on foreign-exchange dealers, part of a broader effort to crack down on the black ...
Barclays sued by former boss of Tullett Prebon Terry Smith
March 17th, 2016
Terry Smith, the former boss at Tullett Prebon who is now the chief executive of Fundsmith, a fund management company, is the latest to sue Barclays. Smith claims that the British bank failed to transfer his money amounting to ...
Asian stocks extend losses as BOJ offers gloomier economic view
March 15th, 2016
Asian stocks fell on Tuesday after the Bank of Japan painted a gloomier view of the world’s third-largest economy, but the yen firmed as policymakers appeared to back away from any imminent move to cut interest rates further into ...
Big U.S. banks to take on tech rivals with instant payments
March 9th, 2016
Depositors at some of the largest U.S. banks are finally going to get the chance to do something quick and simple: send money to another person’s account instantaneously by mobile phone. The idea has been in the works for ...
Mark Carney: EU exit is ‘biggest domestic risk’
March 9th, 2016
The possibility of Britain leaving the EU is the “biggest domestic risk to financial stability”, Bank of England governor Mark Carney has said. He told the Treasury Committee that an exit vote could create economic uncertainty, although he added ...
Worldpay Group earnings climb 8 pct in debut annual results
March 8th, 2016
Underlying earnings (EBITDA) up 8 pct to 406 mln pounds First interim dividend due late 2016 (Recasts, adds share price performance, company comments) British payments processor Worldpay reported an 8 percent rise in underlying earnings to 406 million pounds ...
Yuan Breaks Four-Day Advance as Leaders Shy Away From Specifics
March 7th, 2016
Traders ignore PBOC fixing set at highest in two months Nation to orderly realize convertibility by 2020: plan The yuan snapped a four-day run of gains as China’s leaders refrained from announcing specific support measures at their biggest gathering ...
Whistleblower says SEC awarded him $750,000 for Nyse tip
March 3rd, 2016
The founder of market data outfit Nanex says that he has been awarded $750,000 for a whistleblowing tip that resulted in the New York Stock Exchange getting slapped with a $5 million SEC fine. In 2012 the Securities and ...
