With the deadline of March 29th rapidly approaching, there is an increasingly real prospect of the United Kingdom leaving the European Union (EU) without a Brexit deal. UK and EU officials have failed to negotiate a divorce settlement in more than two years of discussions, and with the backstop issue of the Republic of Ireland and Northern Ireland still at the heart of the debate, a no-deal Brexit could be the only option to end the political impasse. Some financial experts have suggested that UK and EU stocks could fall by as much as 25% and 10%, respectively, in the event of a no-deal Brexit. Even US and Japanese stock markets are expected to decline by 9%, with increased trade barriers and uncertainty causing unprecedented economic turbulence. So, how will a no-deal scenario affect retail investors who trade stocks, forex, and commodities markets, both as a profession and as an investment opportunity? You might be surprised to find that many retail investors will cope reasonably … [Read more...] about How Might a No-Deal Brexit Affect Online Trading Businesses?
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Next has reported a 2 per cent rise in sales during the third quarter, as online growth managed to bolster the retailer against plummeting sales at its high street stores. The group posted an 8 per cent decline in retail sales, against a 12.7 per cent increase in online sales. In the year to day, total sales are up 3.7 per cent, Next said, with online rising by 14.8 per cent, while retail has fallen 6.3 per cent. The company said it still expects sales growth of 3 per cent for the whole year, and is forecast to report annual pre-tax profit of £727m, a 0.1 per cent increase on last year. However, shares dropped almost 5 per cent in early trading as sales growth slowed in the third quarter. Laith Khalaf, senior analyst at Hargreaves Lansdown, put this decline down to the warmer weather in the first half of the year, which boosted trading at Next. “More recently, an Indian summer stretching into October will have pushed back the need for scarves and mittens. Nonetheless … [Read more...] about Next sales growth cools off but online trade remains strong
0 Have your say There are worrying signs that the UK could slide into a recession and Chancellor Philip Hammond should take decisive action before it is too late, writes Bill Jamieson. The hard work has been done, so we are assured. The end of austerity is in sight, so the Prime Minister insists. All we need now is a Budget to prove it. And a Budget opportunity is less than three weeks away.By any measure we could reasonably look forward to an easing of public spending constraints, a big boost to infrastructure spending, an overhaul of business rates, measures to increase business investment and a cut in personal taxes to help households and consumer spending. After all, has not the UK budget deficit, the ratio that had us in thrall when it rose above the Maastricht Treaty limit of three per cent of GDP, now fallen to £39.9 billion or two per cent of GDP? And the decline has continued: borrowing in the year to date, at £17.8 billion, is running … [Read more...] about Bill Jamieson: Why UK may have to cut taxes and increase spending
Shares in online spread betting company CMC Markets have tumbled after it said tighter regulation and low market volatility had hit trading activity. The company's share price dropped more than 12 per cent after the trading update warned income for 2019 would be lower than expected. European regulators tightened controls on the retail online trading market earlier this year by restricting contracts for difference (CFD) by limiting the amount clients can borrow to leverage their bets. Read more: Playtech sells entire stake in Plus500 CMC Markets said the European Securities and Markets Authority (ESMA) measures had reduced client activity. It said: “The implementation of the ESMA measures has reduced UK and European retail client activity as expected. However, after just two months it remains too early to draw any real conclusions as to how clients will adapt to the new rules.” The company said its CFD and spread bet revenue for the full year is now expected to see a 20 per … [Read more...] about Shares in online spread betting platform CMC Markets tumble due to increased regulation
Business By Rebecca Wearn Business reporter, BBC News 27 August 2018 Share this with Facebook Share this with Messenger Share this with Twitter Share this with Email Share this with Facebook Share this with WhatsApp Share this with Messenger Share this with Twitter Share Share this with These are external links and will open in a new window Email Share this with Email Facebook Share this with Facebook Messenger Share this with Messenger Messenger Share this with Messenger Twitter Share this with Twitter Pinterest Share this with Pinterest WhatsApp Share this with WhatsApp LinkedIn Share this with LinkedIn Copy this link https://www.bbc.co.uk/news/business-45210148 Read more about sharing. These are external links and will open in a new window Close share panel The popularity of online shopping has contributed to a near doubling in demand for warehouse … [Read more...] about Online trade drives demand for warehouses