Bitcoin latest updates: Price rise makes bitocoin the new gold, say experts | City & Business | Finance

Bitcoin’s popularity has continued this year, with the price skyrocketing from around $600 to close to $5,000 in the space of just 12 months. (adsbygoogle = window.adsbygoogle || []).push({}); Supporters say the limited supply of bitcoin cements its status as a safe haven – such as gold – that will never lose its value More...

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By news On Wednesday, September 20th, 2017
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French Connection shrinks losses by 30 per cent: Losses down to £5.7million | City & Business | Finance

The company reported pre-tax losses of £5.7million for the six months to July 31, compared with a loss of £7.9million a year earlier, thanks to higher licensing revenues, a “reduced loss” in its retail division More...

By news On Wednesday, September 20th, 2017
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Bitcoin news: Banks are ‘afraid’ of the ‘volatile’ digital currency, says wealth advisor | City & Business | Finance

The comments came as JPMorgan CEO Jamie Dimon publicly denounced the virtual currency Bitcoin as a “fraud”. He claimed the original cryptocurrency was “just no the real thing” and that it More...

By news On Wednesday, September 20th, 2017
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UK’s most famous fund manager Neil Woodford’s star status under threat | City & Business | Finance

Hundreds of millions have been wiped off the value of his flagship fund, CF Woodford Equity Income, after a string of bad investment calls, forcing a rare public apology. Woodford’s former fund, Invesco Perpetual More...

By news On Wednesday, September 20th, 2017
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Pound euro rate live: Sterling RISES ahead of Theresa May’s Brexit Florence speech | City & Business | Finance

Sterling is up to 1.131 against the euro and 1.358 against the US dollar, as markets await the crucial Brexit update from Theresa May in Florence on Friday. If the Prime Minister weighs in towards a softer Brexit, More...

By news On Wednesday, September 20th, 2017
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Tata Steel to merge with Germany’s Thyssenkrupp with 4,000 UK jobs at risk | City & Business | Finance

GETTY Tata Steel and Thyssenkrupp have taken the first steps to merge with Thyssenkrupp The steel giants have been in negotiations for 18 months after Tata decided not to sell its UK business, which More...

By news On Tuesday, September 19th, 2017
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Deutsche Bank: Central banks are OUT of ammunition if recession hits | City & Business | Finance

In a new report published by strategists at Deutsche Bank, the analysts warn record low interest levels, combined with high levels of government debt, could leave central banks powerless to deal with another recession More...

By news On Tuesday, September 19th, 2017
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GBP v EUR: Pound slips as chaos continues after Boris comments | City & Business | Finance

GBP/EUR has shortened losses to -0.2 per cent and is trading at €1.1275 on softening hopes of a near-term rate hike from the Bank of England (BoE). Yesterday BoE Governor Mark Carney dampened market expectations More...

By news On Tuesday, September 19th, 2017
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Deutsche Bank warning – Global financial CRASH inevitable if Chinese ‘credit bubble pops’ | City & Business | Finance

Getty Deutsche Bank has said that China could be the source of the next financial crash Strategists at the German bank have indicated China could be the trigger for the next economic downturn as More...

By news On Tuesday, September 19th, 2017
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Toys ‘R’ Us files for bankruptcy protection ahead of busy holiday season | City & Business | Finance

The US toy retailer is grappling huge debts, and faces fierce competition from other major retail rivals, mainly Amazon, Walmart and Target.  The company has 1,600 stores worldwide which employs 64,000 staff.  The More...