Today I'd like to show you an easy way to play the markets.
Despite what's going on with:
~ Market scandals affecting JSE Listed companies like The Listeriosis outbreak causing companies like Tigerbrands to take a fall
~ Eskom's request for a 30% hike in electricity prices which will cause lower ROIs in pretty much every company you can think of affecting the share price negatively
~ The... ››› more
JSE up 3,3%
Last week the JSE recovered from an oversold position to close the week with a gain of 3,3%. Financials gained 4,8% and Industrials were up 3,7%. Resources managed a gain of 1,5%.
DAX up 6,6%, CAC up 5.2%.
European markets breathed a sigh of relief as the Italian referendum failed, the Dax gained 6,6% and the CAC 5,2%. Italy was up 7,3% and Spain put in 6,5%
US Markets... ››› more
Since the result of the Brexit referendum came in last week, investors have watched millions disappear from the companies in their portfolios. This week, it's the South African financial stocks that took the brunt of the impact.
- Nedbank (JSE: NED) is 4% lower this week
- Standard Bank (JSE:SBK) fell 4%
- Barclays Africa (JSE: BGA) also took a 4% knock
- While FirstRand (JSE: FSR) fell ... ››› more
One of the UK's biggest banks and major stakeholder in Barclays Africa, Barclays Plc, made an announcement last week about accepting Bitcoin deposits.
The banking group has decided that it will allow people to make donations using the digital currency.
So how will this work? And what does it mean for Bitcoin?
Let's take a closer look…
Barclays’ plans with Bitcoin
Barclays is ... ››› more
It's at it again.
Last year former CEO Anthony Jenkins cut 19,000 jobs at Britain's Barclays Bank.
And now this 300 year-old institution, is planning to cut over 30,000 jobs again in the next two years. This will take the workforce to under 100,000.
You see, the bank's been struggling. In April it reported a huge decline in profits. Here's a little something I read in the newspaper.
"... ››› more
Barclays Africa is a financial services provider operating across Africa. The company is one of the Johannesburg Stock Exchange's top 40 companies…
Full name: Barclays Africa Group Limited
Short name: B-Africa
Sector: Banks – banks
Five top facts about Barclays Africa Group
Barclays Africa Group employs over 42,000 people. The company has majority stakes in... ››› more
Five of the world's largest banks are facing fines amounting to almost $6 billion. This follows investigations into currency rigging.
Four of the banks' fines relate to forex market rigging. The other bank's fine relates to the rigging of benchmark interest rates.
Let's take a closer look at what happened…
For five years, currency traders manipulated the forex market
Five of the w... ››› more
Earlier today, Barclays Africa released its results for the six months to the end of June. The bank revealed a steady rise in earnings.
Growth from Barclays Africa's African entities is strong.
This is the first set of results that Barclays Africa's has released since taking over many of its parent company's, Barclays, African operations.
Let's take a closer look at what the results reve... ››› more
Back at the end of June in 2012, David Plunkett, a trader and director on Barclays' precious metals desk, realised that he was in trouble. The expiry date was coming up for a customer's long trade. And if the gold price closed above a certain level, the bank would have to pay out $3.9 million to the customer. So Plunkett decided to manipulate the price of gold to save the loss. Let's take a closer... ››› more
At the end of May, Barclays received a fine for $43.8 million by a British financial regulator. This was down to its part in a gold price fix incident in 2012. This incident brought to light the issues with the way gold pricing works. Let's take a closer look at what went on and what it means for the gold price…
The way the gold price fix works was itself fixed
The incident at Barclays was d... ››› more
Earlier today, the South African Reserve Bank announced it fined the four largest South African banks over lax Financial Intelligence Centre Act (FICA) controls. This relates to the banks failing to have adequate provisions against money laundering and the financing of terrorism. The central bank dealt each bank a hefty fine. Let's take a closer look at what happened…
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For the last decade, the darlings of the investment world have been the emerging markets. These are the world's big markets like China, India and Brazil. But strangely, the African market has been left out.
Some analysts say it's because it takes too much money, time, patience… well, too much everything to make business work in Africa.
But times are changing… All of a sudden, the world'... ››› more
Confusion reigns on the gold battlefield.
The gold bulls are calling a bottom in the metal price. John Paulson, hedge fund billionaire and the holder of the biggest share of the world's largest gold ETF is holding onto his gold for a recovery in the metal.
But at the same time, the gold bears are saying the fall isn't over yet. Banking giant, Goldman Sachs and Barclays have gone on record sa... ››› more
Earlier today, Barclays Africa released its full-year results to the end of December. A drop in impairments boosted the bank's full-year's earnings. Shares in Barclays Africa rose on release of the results. Let's take a closer look at what the results revealed…
This morning, Barclays Africa Group reported “an expected 14% rise in full-year earnings,” reports IOL. This was mostly down to a ... ››› more
On Friday, it emerged that Barclays fell victim to cyber theft. British police arrested eight men for allegedly stealing £1.3 million (R20.6 million) from the bank. Let's take a closer look at what went on…
Police in the UK announced on Friday that they had eight men in custody relating to theft from Barclays, reports Fin24. It’s alleged that the gang took “control of a branch computer sy... ››› more
The Absa Group released its interim financial results this morning. And the market didn't like what it saw. The share price fell 7.04% by market close. Let's have a closer look at what's going on…
First thing this morning, Absa published its earnings. And the market’s punished the share all day.
The share price closed just over 7% down.
Let’s take a look at the results…
The bank... ››› more
At the end of the month, Absa will finally take over Barclays African business. Since announcing the deal in 2012, the merger finally got the go-ahead from regulatory bodies. The deal amounts to R18.3 billion. Let's have a closer look at what this means for Absa…
Absa finally received the regulatory approval it’s been waiting for. The banking group announced earlier today that the R18.3 bill... ››› more
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