The Financial Conduct Authority has announced a set of new rules to protect investors using CFD's, after it was revealed 82% of investors lost money. According to research by Financial Orbit, there are 125,000 active CFD accounts in the UK and the average loss is £2200. So, what's in store for companies offering financial spread betting and other risky investment instruments? Matt Cox spoke to Dice McCairn, Editor and Analyst at WhichInvestmentTrust, to find out more.
Seijiro Takeshita, Professor of Management and Information at the University of Shizuoka in Japan, joined Share Radio Breakfast to discuss the biggest stories coming out of East Asia. Japanese Prime Minister Shinzo Abe is to become the first serving Japanese PM to visit Pearl Harbor - the US Naval base in Hawaii that was attacked by Japan on this day in 1941. What's the purpose of the visit? And the CEO of Japanese technology firm, Softbank, has said the company will invest £39.3bn ($50bn) in US businesses.
A new report claims it’s “frighteningly easy" for cybercriminals to get security details for a Visa debit or credit card. According to research published by Newcastle University, fraudsters used a form of "guesswork", called a Distributed Guessing Attack, to work out expiry dates and security code numbers by making multiple invalid attempts. Share Radio’s Matt Cox spoke to tech consultant Chris Green to understand the research better.
Many commentators have forecast financial market turmoil over Italy. But Italian shares have actually risen in the days since, as investors bet on a new caretaker government and no snap election. So what should investors make of the Italian story so far, and in what way is this a turning point? Chris Hiorns, Manager of the EdenTree Amity European Fund, joined Share Radio Breakfast to discuss.
Welcome to the This is Money and Share Radio podcast, brought to you in partnership with NS&I. It’s been quite a stressful week both real and imagined. The UK banking system was put through its paces in the Bank of England’s stress test which simulated a range of disaster scenarios from crashing house prices to rising unemployment. The biggest failure proved to be the majority tax payer owned RBS, whilst it was ‘must try harder’ for Barclays and Standard Chartered. Unfortunately not all this week’s stresses have been virtual though and rising fuel prices contributed to the collapse of GB Energy affecting 160,000 customers. When it comes to finding a new supplier there’s certainly plenty of choice at least as more and more smaller firms spring up- so just what is going on with Britain’s energy market? Georgie Frost is joined by Editor Simon Lambert and Consumer Affairs Editor Lee Boyce to find out. Also this week they look at the scams tricking people out of personal data and gig tickets as well as the meaty issue of what else is in the new plastic fiver. This is Money is presented by Georgie Frost in partnership with NS&I.
On this day in 2001, the American energy giant Enron filed for bankruptcy. Enron took accounting fraud to a whole new level, and its demise even led to the disintegration of its accountants Arthur Andersen. Its collapse was the worst business failure in US corporate history to date. Matt Cox has been investigating the causes and consequences of the fall, and the lessons we’ve learnt over a decade and a half later.
Oil prices are sitting at their highest level in a year. For now, financial markets seem convinced the Opec cartel's new deal to limit global crude production will stick. Motoring organisations have already warned petrol prices may rise by 9p a litre, adding about £5 to the average cost of filling up a car. But what of Oil's cousin, natural gas. How has the market for that been affected? Matt Cox has been hearing from Edgar van der Meer, Senior Analyst at industry specialists NRG Expert.
Sue Dougan is joined in the studio by Share Radio's senior analyst Ed Bowsher. Today they discuss the results of the Bank of England's stress test as well as the lack of support for young women looking for jobs. Plus could a new, less harmful cigarette from Philip Morris replace it's conventional products? All these stories and more on The News Review.
There is high drama in Vienna, where oil ministers from OPEC are meeting. A deal to curtail oil production and prop up the price of crude has suffered a setback, with Iran and Iraq resisting pressure from Saudi Arabia to participate fully in any action. Iran’s oil minister has declared that his country will not cut oil production. To look ahead to the meeting, Kevin Baxter, Global Commodities Spot News Editor at the Wall Street Journal, joined Share Radio Breakfast.
The Organization of Petroleum Exporting Countries (OPEC) is meeting in Vienna, where it's hoped a plan to cut output could help curb global oversupply. But how does the global outlook affect the oil industry in the UK? A new survey finds that the market might have bottomed out, and there could even be signs of recovery. To find out more, James Brydges spoke to Uisdean Vass, oil expert from law firm Bond Dickinson.