Friday, March 5, 2021
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Budget: Bitcoin holders among those relieved as Chancellor holds fire on tax hike

Bitcoin holders in the UK were breathing a sigh of relief as the Chancellor resisted any change to capital gains tax in yesterday's Budget. The cryptocurrency has risen in value to around US$50,000 from US$5,000 at the start of the last tax year in April, generating a huge windfall for anyone...

Scotch whisky distillers hail suspension of US tariffs

Scotch whisky distillers have hailed the scrapping of tariffs imposed on the industry by the US in a spat with the European Union over subsidies on Boeing and Airbus planes. The Trump administration imposed the 25% duty on single malts in 2019 costing the industry an estimated £500mln in lost...

Oil price, Hunting, Tower, Remus. And finally…

WTI $61.28 +$1.53, Brent $64.07 +$1.37, Diff -$2.79 -16c, NG $2.82 -2c, UKNG 39.0p -1.05p Oil price I’ve written the blog and sat on the Hunting call but Opec+ is only just underway. My hunch is that they are going to be risk averse and not flood from April 1st, a...

Pure Gold Mining reveals high grade gold mineralization at three targets outside of current Red Lake

Pure Gold Mining Inc (CVE:PGM) (LSE:PUR) (OTCMKTS:LRTNF) announced Thursday that it has intersected high-grade gold mineralization outside the current resource area at its PureGold operation in Red Lake. The company said exploration drilling intersected high-grade mineralization at the Wedge, Treasure Box and No 1 Vein targets at the property. Results included...

Which stocks, investment trusts and funds are people adding to their ISA and SIPPs?

Argo Blockchain PLC (LON:ARGO) was the most popular share on two of the three biggest UK investment platforms, while GameStop Corp (NYSE:GME) was not just the preserve of American YOLO traders streaming out of Reddit. Investors also dived into two of London’s cannabis-focused newcomers, MGC Pharmaceuticals Ltd (LON:MXC) and Kanabo...

FTSE 100 index finishes around 24 points lower Federal Reserve chairman Jerome Powell due to speak Miners lose ground in London 5pm:  FTSE closes lower FTSE 100 closed in the red on Thursday as big miners were clouted. The UK's index of leading shares finished down nearly 25 (24.59) points, or 0.37%, at 6,650.    Chris Beauchamp,...

Listing badly or desperately needed flotation aid?

Proposed changes to London’s listing rules announced this week have played a vital part in persuading Deliveroo to list in London. Deliveroo intends to use a “time-limited dual-class share structure” to ensure its founder, Will Shu, retains control of the company when it goes public. Deliveroo said the dual-class share structure...

GOP pushes Murkowski to stay in line against Biden’s Covid bill

Senate Republicans are leaning on Lisa Murkowski to reject President Joe Biden’s $1.9 trillion pandemic relief plan, hoping they can get unanimous GOP opposition and prevent Democrats from claiming the bill is bipartisan. Most in the GOP think that the senator will ultimately side with them on the Covid...

Capitol Police requests extended National Guard presence on the Hill

The Capitol Police has asked the National Guard to extend its deployment to the Capitol beyond next week amid mounting concerns over domestic extremists seeking to target Congress, according to two sources familiar with the matter.A congressional official familiar with the Capitol Police's request described the timetable for the...

Cotton to block Garland’s quick confirmation to lead Biden DOJ

Sen. Tom Cotton (R-Ark.) will slow down the confirmation of Merrick Garland, President Joe Biden’s pick to lead the Department of Justice.In a series of tweets Wednesday evening, Cotton said that Garland refused “to answer basic questions” in his written answers on immigration, the death penalty and guns. “Ensuring...