The Conservatives are projected to win UK’s election yesterday. Fears of Labor Party revival has been laid to rest. There are many reasons why Labor lost this election. But one reason that stood out is the promise of too many freebies to the general public. Britain has been a nanny state for many years now. …
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The UK used to be a super power ruling many countries of the world. Nowadays UK has become an also ran country. The country is not a leader in technology. In defense, it is generally considered a poodle of the US. Economically the country has bogged down in the Brexit morass for the past few …
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UK-based telecom giant BT Group plc (BT) announced today that it intends to delist its ADR from the New York Stock Exchange(NYSE). The last day the ADR will trade on the NYSE is Sept 13, 2019. The ADR program will be fully terminated by Sept 23, 2019. From the press release: BT Group plc (BT) will …
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The British Pound hit a two-year low against the US Dollar last week. The pound has been on a downward spiral since 2014 as shown in the chart below. Currently the exchange rate is 1.23$ to a pound at the interbank rate. Click to enlarge Source: MoneyWeek When pound was stronger a few years ago, …
