EURO/US DOLLAR: Yesterday’s shooting star candle on the euro is not a good omen, nor is the yen’s return to safe-haven status. Chart/Levels from Analyst, Nicole Elliott – Investors Chronicle.

 

UK’s Funding Circle shares smashed by slow growth A 29 per cent loss yesterday alone

Ex-FSA chief honcho Lord Adair Turner years ago commented that peer-to- peer lenders ‘’will make the worst bankers look like lending geniuses’’, City AM reports. Yesterday one of these unicorns, Funding Circle, warned that revenue growth would be less than half of what it had hoped at just 20 per cent. For a firm that hasn’t made a profit in its 9-year history, growth is everything. Shares, which floated in October 2018 at 440 pence, closed at 115.6 pence last night.

As it is now forced to do, the BBC yesterday disclosed the names of its top earners, though not those who have production companies supplying content for programming. The salary bill last year increased by £11 million. Needless to say, this rubbed salt in the wounds of those who are angry that free TV licences for over 75-year-olds will be scrapped. Talking of which, despite yet another rise in the total UK population, last year the sales of TV licences fell by 37,000 – the first drop in a decade. The corporation blames streaming services, YouTube and such like. Nothing to do with content, of course.

Financial Markets and Political Commentary
 

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