Oil traders at Vitol share record bonus of £2.1bn, boosted by market volatility during coronavirus pandemic By Daily Mail City & Finance Reporter Published: 16:51 EDT, 23 July 2021 | Updated: 16:51 EDT, 23 July 2021 Oil traders at Vitol have shared a record bonus of £2.1billion, boosted by market volatility during the coronavirus pandemic. … Read more
Traders who bought in to the so-called Gamestop trend early enough have made a small fortune over the past few weeks. But they’re not the only people seeing the money flood in. Trading firm IG Group raked in record revenues over the three months to February 28, as customers flocked to its platform to try … Read more
Reddit traders send silver price to eight-year highs: Precious metal soars 12% as renegade investors pile in to put squeeze on short-sellers Reddit thread r/wallstreetbets had mentions of the hashtag #silversqueeze Spot silver up 12% to $30.17 an ounce – the highest since early 2013 Shares in precious metal miner Fresnillo almost 20% higher By … Read more
Reddit bulls WILL be tamed: UK-based hedge fund chief fires warning shot to vigilante traders By Lucy White For The Daily Mail Published: 21:53 GMT, 29 January 2021 | Updated: 21:53 GMT, 29 January 2021 The chief economist of a major UK hedge fund has said it is ‘ludicrous’ to suggest small investors managed to … Read more
Cryptocurrency traders are still struggling to profit from bitcoin’s recent record run as their funds continued to be frozen inside the most popular cryptocurrency exchange for as long as five weeks. Some customers of Coinbase, which lets users buy, sell and store cryptocurrencies like bitcoin and ethereum, continue to be told their accounts are ‘under … Read more
Dawn was still hours away when the Essex Boys crept out of bed and fired up their banks of computers. With their high-powered machines, they could speculate at lightning speed on the lucrative commodities markets 3,500 miles away in New York. And in the bare-knuckle trading pits where their mentor, Paul ‘Cuddles’ Commins, had learned … Read more
City traders told to prepare for market chaos as Brexit talks go down to the wire By Daily Mail City & Finance Reporter Published: 21:56 GMT, 23 December 2020 | Updated: 21:56 GMT, 23 December 2020 City traders are on standby for market chaos this Christmas as they digest the new Brexit deal. With just … Read more
British shares leapt higher yesterday as reports spread that the UK and EU negotiators had signed a Brexit deal. As traders buzzed with excitement, stocks tied closely to the economy received an extra lift. Banks, housebuilders and airlines soared. Lloyds Bank climbed 7 per cent, or 2.43p, to 37.13p, while rival Barclays was up 4 … Read more
A collective of ‘TOWIE traders’ based on a rural Essex business park took home up to $660million (£487m) in one day when the price of oil collapsed below zero during lockdown and are now facing a class action in the US, it was revealed today. Nine staff at Vega Capital London, including three traders aged between … Read more
Furious independent traders have called for a clampdown on major chains like Ryman and The Range for selling ‘non-essential’ items during lockdown while smaller firms have closed. Thousands of retailers were forced to shut alongside pubs and restaurants on Thursday when England was plunged into a four-week lockdown in a bid to stop the spread … Read more