News about Neil Wilson

The yields on ten-year gilts, which rise as their prices fall, rose close to 4.25 per cent from around 3.75 per cent just over three weeks ago. The 4.247 per cent reached yesterday was the highest level since July 3, the day before Labour won power.

In a sign of concern among global investors about the Chancellor's plans, gilt yields have climbed sharply in recent days and yesterday hit the highest level since Labour came to power. Reeves was warned she is walking a 'tightrope' as she seeks to fulfil her spending pledges while also avoiding a repeat of the rout on the bond markets seen after the Liz Truss mini-budget two years ago.

Legendary Australian mare Black Caviar has died peacefully of natural causes on Saturday, just one day before her 18th birthday

US-based artificial intelligence (AI) and technology firm Nvidia saw revenue surge by 262 per cent to £26billion in its first quarter, amid ballooning sales of AI chips. The group's boss, Jensen Huang, expects 'a lot' more revenue to come in from its Blackwell chips this year. In its latest results, Nvidia overshot Wall Street estimates as its profit skyrocketed, bolstered by its chipmaking dominance.

Since a peak in November 2021, Scottish Mortgage Investment Trust shares have dropped by more than 40% as higher interest rates triggered a sell-off in technology stocks. Although there have been indications of improvement since the start of this year, Elliott Management pounced on Friday.

His remarks came after members of the Bank's rate-setting Monetary Policy Committee voted 8-1 to suspend rates, with one member calling for a reduction. Significantly, it was the first time since September 2021 that no one voted to increase. Two members of the MPC's last meeting in February called for another rate increase.

The FTSE 100 energy giant has skepticism on its 2030 carbon reduction target and has set a new target for 2035. It's the first evidence that Shell, the company's CEO Wael Sawan, is rethinking how the company will achieve its net zero goals in the wake of confusion regarding the transition to green energies.

Viavi Solutions, the US technology company, has agreed to pay 175 p. per share to purchase Spirent, a Crawley-based telecoms company. The FTSE 250 firm, which designs, monitors, and analyzes telecoms equipment, is valued at £1 billion, which is around 61% above its closing rate on Monday.

As Liberum and Panmure Gordon unite to create Panmure Liberum, former Barclays banker Rich Ricci will lead a new investment advisory firm.

The cryptocurrency bitcoin plummeted for the first time in nearly two years on the day after peaking at $45,000 for the first time in nearly two years. In a stark reminder to investors of the dangers involved in betting on cryptocurrencies, the digital coin fell by 9 percent to $41,000. The downturn came a day after bitcoin shot past $45,000 for the first time since April 2022, in the hopes of a big regulatory breakthrough.

In April 2022, the digital coin soared to $45,000 for the first time since April 2022, amid rumors that US authorities are on the verge of giving the industry a much-needed boost. Cameron Winklevoss, a renowned crypto investor, and his twin brother Tyler were expected to be the first bitcoin billionaire, celebrated the stellar start to 2024.

With inflation's decline, the Bank of England's interest rates could have dropped by as much as six percent in 2024 to less than 4% by this time next year. Markets have been in exuberance since the US Federal Reserve revealed a sequence of rate cuts for 2024 in what was seen as a major 'pivot' last week.

Investors have been rattled in recent weeks by a bond market sell-off that has seen prices plummet, netting new buyers and leaving others hanging on losses. Global government debt markets are huge, and they can affect anyone who pays taxes, saves money, or invests in the future. Both domestic and overseas, financial analysts are also keeping an eye on them as an early warning indicator of the economic outlook. So what do the recent market turbulences mean for ordinary savers and investors?

Brent crude dropped to as low as $83.84 on another day of turmoil on financial markets, bringing the week's losses to more than $11 or 12%. In early August last year, the previous year it was the first time it had a bigger weekly fall. Early last week, oil was up more than a barrel having risen by more than 35% since June, prompting warnings that it would fall more than $100.

The ex fintech darling was supposed to announce its figures at the end of September, nine months after the 2022 financial year came to an end. However, it has now been given until December to post its figures on Companies House, repeating the one that was given for its 2021 results last year.

The FTSE 100 packaging behemoth, which sponsors Irish sailor Tom Dolan (pictured), is in 'advanced talks' with Georgia-based WestRock about a £15 billion mega-deal. The combined firm, which will be known as Smurfit WestRock, would be listed on the New York Stock Exchange, marking the end of Smurfit's London listing, which it has held since 2016.

According to figures from fund network Calastone, withdrawals increased over the summer, marking an end to the year's boom that began in 2019. It will be seen as a blow to so-called 'woke capitalism,' which has been chastised for prioritizing high-end social goals over the bread-and-butter task of providing services and products to customers and earning money for investors.

In the face of higher interest rates, Britain's economy is still resilient, but the Bank of England warned today that it will take time for the full effect of higher borrowing rates to fully sink. The BoE has soared interest rates by 5 percent last month, from 0.1 percent at the start of 2021, causing worries about a hit to household, businesses, and the wider financial market, which might push the economy into recession. Although more mortgage pain was on the horizon for certain borrowers, particularly those with fixed-rate mortgages, the number of households handling very high mortgages remains unchanged despite peak levels seen during the 2008 global financial crisis.

Many were quick to say that the call was a blow to the City when Turkish chemical giant WE Soda halted its planned IPO on the London Stock Exchange this week. However, although the corporation criticized 'high investor caution' for the company's decision to pull out, those in the Square Mile tell a different tale, one in which investors were provided the cold shoulder instead.

Starling Bank's founder will step down as CEO next month as it falls into place with her position as part of the bank's board. It follows the company's announcement of a six-fold increase in its earnings over the previous financial year. Anne Boden, a Swansea-born entrepreneur who founded Starling in 2014, has announced that she would step aside as the company's boss on June 30 to concentrate on her work as a major shareholder.

Vodafone, which employs 100,000 people around Europe and Africa, has announced that it will slash 11,000 jobs over the next three years as new boss Margherita Della Valle promised to focus on the company's 'not good enough' results. Revenues increased by just 0.3% to €45.7 billion (£39.7 billion) in the year to March, the year's highest level, but adjusted profit before nasties dropped 1.3% to €14.7 billion (£12.8 billion), both below target.

As stocks were routed on Wall Street, another thrilling day for regional banks, fear of contagion ripped through trading desks. Pacwest's shares fell to a historic low in California, dropping around 50% at one point before closing down by nearly 42% after admitting to being searching for a buyer.

Opec and its allies declared plans to cut production by nearly 1.2 million barrels a day in a move that could force central banks to raise interest rates by more than hoped. With a rise of up 8 percent to a record of $86.44 a barrel last month, the price of oil soared. After Russia invaded Ukraine, it remains much below last year's record of nearly $130 a barrel.

Deutsche Bank, a German lender, sank as much as 15% after the cost of insuring its debt against default soared to a four-year high, which many took as a sign of fear. The stock eventually fell by 8.8% to 28 percent this month, but it was still down 11%. It sparked a fresh sell-off across major European financial markets, with competitor Commerzbank's down 5.5%, while France's BNP Paribas and Societe Generale fell 5.3 percent and 6.6% respectively.