Balfour Beatty is a leading international infrastructure group. They finance develop, build and maintain vital infrastructure that we all depend on in the UK and other parts of the world. Shares in Balfour plunged 52.35p to 172.55p in September 2014 due to programme slippage, resource and skills shortages, poor operational delivery and cost inflation pressures. As soon as the 3rd quarter profits in 2014 were announced the shares plummeted massively.
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Erik Moore is a recovering investment banker who is now the managing partner & founder of Base Ventures. Moore has invested in nearly 25 startups, including Tracksby, Ecomom and Socialcam. He was one of the first investors to finance Zappos, a shoes and apparel company sold to Amazon for $12 billion. Continue reading Erik Moore, a successful startup investor
We’ve all seen the movies like the Godfather and Goodfellas, but what you wouldn’t expect is one of the world’s most powerful companies to adopt a business strategy based on the principles of gangsterism. Jeff Bezos is an American entrepreneur who is the founder and chairman of Amazon.com which is the world’s biggest online retailer and is consistently increasing its market share with ruthless tactics and little remorse.
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George Carlin was one of the most influential stand-up comedians of all time. With his brand of unique commentary and controversial social perspective, he captivated audiences and offered a refreshing outlook on the world we live in. He was the The comedians favourite comedian and didn’t hold back on any topic. Continue reading George Carlin – One of the greats
What is an IPO?
An IPO is the first time that the stock of a private company is offered to the public. IPOs are often issued by smaller, younger companies seeking capital to expand, but they can also be done by larger companies looking to become publicly traded. IPO stands for initial public offering, and is essentially a company issuing equity to potential shareholders for a price. Continue reading Best IPO’s of 2016 broken down
The post-presidential race rhetoric is coming in from every Tom, twat and Harry about Donald Trump and his anti-muslim ,wall building & misogynistic sentiments. The mud slinging is in full effect and anger is at boiling point for anti-Trump supporters, understandably. He’s a reality TV star who is now in control of the most powerful Country in the world, and that in itself shows how the political system in America is severely broken.
Continue reading Hillary has more bodies than Trump
To get a good idea of what a business is actually worth you should look at a company’s balance sheet. Every 12 months a director will prepare a company’s balance sheet.
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The profit and loss account is a way to look at the past performance of your company. Its different to a balance sheet which is a snapshot of the present, and the cash flow forecast which is a look into the future. All profit and loss statements have these important categories;
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What is a Recession
A recession involves at least two consecutive quarters of negative real GDP. GDP is one of the primary indicators used to gauge the health of a country’s economy. It represents the total value of all goods and services produced over a specific time period. USA, China, Japan, Germany & the UK have the largest GDP’s around the world as of 2016. The GDP calculation is a measure of consumer spending + business investment + government spending + net exports.
History of Recession
The international Monetary Fund defines a global recession as a decline in annual per-capita real World GDP. Since WW2 there were only 4 global recessions. In (1975, 1982, 1991 & 2009), all of them lasting about a year. In 1970 and 1998 there was annual GDP growth rate of 3% or less which can also be considered as a recession. It is difficult to define, due to the GDP growth of developed and developing countries being so different. The IMF estimates that global recessions occur over a cycle lasting around 8-10 years.
Where are we now
Global GDP is estimated to have grown by 3.09% in 2015 and looks to grow to 3.16% in 2016 with recovery being mainly driven by developing economies. The US is experiencing small growth in GDP at around 1.2% per quarter and China is experiencing growth at around the 6.5% per quarter level. The real worry looks to be Japan who are the 3rd largest economy. After seeing a 0.02% expansion in the first quarter of 2016 and with their economy relying heavily on QE, it seems like it’s just a matter of time until their spiral hits rock bottom. That could have a massive impact on the worlds economic status.
At some point in the near future we will enter another recession. Factors such as Brexit, the Japanese debt crisis, curtailing consumer spending and the ridiculous US presidential election could all be worthy catalysts to send the world back into near negative economic growth. The housing bubble in the UK has so far remained glossy, but with the amount of new building projects in London alone at a super high level prices will be coming down due to over saturation of the market. No one knows when any of this will happen but it is inevitable. You just have to ensure your skills are sharpened so your job is secure and if you can save money for that moment when the price of everything drops you can find yourself a bargain.
In 2015 there were 1192 murders in Jamaica. The country had about 45 slayings per 100,000 people in 2015 keeping it ranked as one of the world’s most violent countries. By comparison Chicago, which has roughly the same population as Jamaica, around 2.7 million, had 468 killings in 2015. With the recent Olympics showcasing the physical superiority of some of Jamaica’s athletes, the darker side to real Jamaican issues gets pushed aside. Usain Bolt has brought a lot of attention to Jamaica but he gets more attention as an individual than the Country as a whole.
Continue reading Are bullets more Jamaican than Usain Bolt?