David Stevenson

2 months ago | talk-finance.co.uk | David Stevenson

In October 2023, the US Department of Justice launched an investigation into the oil trader Murtaza Lakhani, allegedly breaching Western sanctions imposed on Russia. Born in Pakistan, Murtaza Lakhani’s career took off by trading Iraqi oil in the 2000s. Now a Canadian and Vanuatu citizen, he leads the Mercantile & Maritime group, which thrives thanks to deals allowing the Russian oil producer Rosneft to export its crude at a price above the ceiling cap imposed by Western countries.

Jan 20, 2025 | talk-finance.co.uk | David Stevenson

The United Kingdom has experienced an unprecedented exodus of wealthy individuals, with the number of millionaires leaving the country more than doubling from 4,200 in 2023 to a staggering 10,800 in 2024. This dramatic increase reflects a growing trend of high-net-worth individuals seeking more favourable economic conditions elsewhere.

Jan 12, 2025 | talk-finance.co.uk | David Stevenson

East Midlands Airport (EMA), as it approaches its 60th anniversary, is embarking on a comprehensive development plan, backed by a £120 million five-year investment programme. This initiative, which began last year, includes a range of upgrades aimed at enhancing the airport’s infrastructure and services. The airport, located in Leicestershire, has already completed the initial phase of these improvements.

Oct 22, 2024 | talk-finance.co.uk | David Stevenson

Robinhood, the U.S.-based online investment platform, has introduced margin investing for its UK customers, a move that aims to provide British private investors with tools to enhance their investment strategies. This launch follows Robinhood’s entry into the UK market in March, where it has been offering commission-free trading and no foreign exchange fees, features that have been well-received by users.

Oct 18, 2024 | talk-finance.co.uk | David Stevenson

UK retail sales continued their upward trend in September, although at a slower pace than the previous month, according to the latest figures released by the Office for National Statistics (ONS) on Friday. In terms of volume, retail sales saw a 0.3% increase in September, a marked slowdown from the 1.0% rise observed in August. Despite this moderation, the overall sales volumes have reached their highest levels since July 2022, indicating a sustained growth trajectory.