Tag Archives: pound

(Bloomberg) — A former hedge fund manager who shot to fame for a $2.7 billion volatility trading gain during the global financial crisis is buying the pound on a day when the currency slumped to an all-time low. Most Read from Bloomberg Stephen Diggle on Monday used 10% of the assets of a “small fund” to buy sterling to finance investments in the UK, especially stocks of companies that have earnings in the greenback but costs in the British currency, he said in an email. He didn’t… Source link

Republicans used to argue that government should get out of the way and leave businesses free to work their capitalist magic. Ronald Reagan is so passé. In Florida, Texas and other GOP states, Republicans are now enlisting businesses in culture-war politics and punishing them if they don’t go along. Disney is now in a standoff with Florida Gov. Ron DeSantis and other state Republicans over a new law banning instruction on sexual orientation and gender identification among young… Source link

Stubbornly hot inflation will be unkind to the bottom line of Dollar Tree, warns Deutsche Bank.  Deutsche Bank analyst Krisztina Katai downgraded her rating on the dollar store to Hold from Buy on Monday, and slashed the price target to $102 from $129.  “We now see more balanced risk/reward, especially with renewed concerns around building inflationary pressures. We remain long-term believers in Dollar Tree’s story including the ongoing turnaround at Family Dollar, however, we are… Source link

Watch: Pound and FTSE 100 fall sharply as markets react to Europe’s UK travel bans UK stocks and the pound sold off sharply on Monday morning, as investors reacted to fresh pandemic restrictions in Britain and news that much of Europe had shut its borders to the UK. Billions were wiped off the FTSE 100 on Monday morning after a new more infectious strain of COVID-19 sparked panic among investors. Stock markets fell sharply around the globe amid fears that the strain could spread… Source link