Most notably, Afolami noted that investors would be wise to invest in NatWest (LON: NWG) shares, arguing that the relationship bank is a worthy investment with savings automatically enrolled and invested into the British stock market. After two recent share sales, the British government’s stake in NatWest is approximately 37%. The government saved NatWest from…
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In December 2023, Vujnovac, who climbed the wealth ladder through Prvo Plinarsko Drustvo, a gas supplier, became the majority owner of Fortenova. This Balkan company is a leading food producer and retailer. According to Bloomberg’s Billionaire Index, Vujnovac owns approximately $765m in assets. The company will commence with its intended IPO as soon as it…
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Sales of Novo Nordisk’s (NVO) diabetic drug, Ozempic, escalated by more than $1bn between its $2.3bn in Q3 2022 and $3.5bn in Q3 2023. Yahoo Finance noticed the absence of any discussions around GLP-1s at two conferences. A JPMorgan analyst, who attended a healthcare conference in January 2024, viewed this as good news for the…
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Across the channel, the CAC 40 was down 0.1%, while Frankfurt’s DAX 40 also fell 0.2%. To add to market turmoil, British sterling also fell overnight, opening at $1.2722 this morning from its $1.2744 at market close on Wednesday. The euro slipped from $1.0904 to $1.0888. Christine Lagarde, President of the ECB, hinted at rate…
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This economist was also correct in his bullish S&P 500 approach, despite everyone anticipating recession and stock price drops. Lee said this index would end at 4,750 in 2023. It closed at 4,769. Still trying to regain a balance after the FTX scandal, TerraUSD $60bn wipe-out, and crash which saw Bitcoin plunging from $69,000 in…
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These movements show Microsoft’s tech giant standing is well-deserved. Its rival Apple Inc (AAPL) holds a market cap of just over $3tn and became the first company to achieve this. Microsoft is one of the so-called Magnificent 7 tech outfits that boosted over half of market gains last year. These companies –Microsoft, Apple, Meta Platforms…
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In 2022, the company forecasted a 9 million subscriber gain, which would bring approximately 30 million net additions for the full year. NFLX’s revenue reports surpassed Wall Street’s prediction of $8.71bn, instead showing a quarterly revenue of $8.83bn, a 12.5% increase compared to the same period in 2022. The streaming giant sent waves through the…
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The SEC determined that an unauthorised party had transferred a SEC mobile phone number linked to the X account in question onto another device. This act, although not an uncommon cyber theft act, left the market questioning the SEC’s security. After the post, bitcoin’s market price decreased from approximately $48,000 to $45,5000, a fall of…
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Established in 2005, FP Markets has held the title for Best Global Forex Value Broker for five consecutive years and provides over 10,000 tradable instruments across key asset classes to users worldwide. It works to aggregate pricing across top-tier liquidity providers and offers various Account Types to suit all levels of trading. The partnership works…
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The most important economic data for this week are: Tuesday: BoJ Interest rate decision at 03:00 AM GMT. The market consensus is that the rates will remain static at -0.1%, while in the unlikely scenario any shift away from this figure will most certainly create volatility in the yen pairs. Japanese Balance of trade at…
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