Tag: Markets

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July Market Commentary

“Amazon made millions but paid no tax.” You can substitute Facebook or Google for Amazon and, these days, you can probably substitute “billions” for “millions” but it remains a story we’ve told countless times. One of the tech giants has reported bumper revenues and/or profits and while doing so paid less tax than a moderately […]

What is Ransomware? And could it affect your investments?

Those of you who follow the news may remember a story from early May. The Colonial Pipeline in the US – which carries 45% of the East Coast’s supply of diesel, petrol and jet fuel – was put out of action by a ransomware attack. The hackers, an organisation called DarkSide, cheerfully acknowledged the attack […]

June Market Commentary

Introduction  In some ways, May was a relatively quiet month. Although, it did bring us the marriage of Prime Minister Boris Johnson, the first PM to marry in office since Robert Jenkinson, 2nd Earl of Liverpool, in 1822. Having eaten a slice of wedding cake and gone straight back to the office, Boris Johnson will […]

Lockdown leads to record number of new businesses

In the middle of May pubs and restaurants reopened after lockdown. Finally, we could have a drink or a meal inside. But what was noticeable was the number of pubs and restaurants that didn’t reopen. Speaking on the BBC News, the owner of one establishment gave a very simple explanation: “we cannot get the staff.” […]

May Market Commentary

Introduction  Some of the numbers in this month’s Bulletin are simply staggering. Whether it’s Amazon’s profits or the ‘investment’ (which could alternatively be considered ‘spending’, depending on your political viewpoint) announced by President Biden. There was a time where the ‘standard unit’ of currency we talked about was a million. Company profits and valuations were […]

April Market Commentary

Introduction  This market commentary has been produced for some time now but March 2021 was the first month when a ship made the headlines. Anyone who watched a news bulletin will have seen the mega-container ship the Ever Green firmly wedged across the Suez Canal. The ship, which is 400m long, was finally re-floated having […]

What is Bitcoin? And Could it Replace Cash?

Last month Elon Musk, the world’s richest man and boss of carmaker Tesla, announced that his firm had bought $1.5bn (£1.1bn) of the cryptocurrency Bitcoin and expects to start accepting it as payment in the future. The announcement caused the price of Bitcoin to jump to $44,220 (£32,072) –  a rise of 17% and a […]

Budget Overview 2021

Introduction It is interesting to look back 12 months to Rishi Sunak’s first Budget: it was followed by a year none of us could have predicted or imagined. The Conservatives had won a comfortable majority in the December 2019 General Election. As expected, Sajid Javid became Chancellor and, in January, announced that the Budget would […]

Can the British High Street be Saved?

Back in 2018 Mike Ashley, owner of Sports Direct and other high street brands, famously declared that ‘the British high street will be dead by 2030.’ The targets of his anger were MPs in general and the then-Chancellor Philip Hammond in particular. Any more taxes on the high street, Ashley argued, and it would collapse […]

February Market Commentary

Introduction  It might be appropriate to start January 2021 by looking back at last year. At the start of January 2020, we were fairly sure what we would be writing about, which included the run-up to Brexit on the 31st and a gradual thawing of US/China relations with a long-awaited trade deal due to be signed. […]

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