News Wire Archives - Business Matters https://bmmagazine.co.uk/newswire/ UK's leading SME business magazine Fri, 06 Feb 2026 10:21:11 +0000 en-GB hourly 1 https://wordpress.org/?v=6.9.4 https://bmmagazine.co.uk/wp-content/uploads/2025/09/cropped-BM_SM-32x32.jpg News Wire Archives - Business Matters https://bmmagazine.co.uk/newswire/ 32 32 Bitcoin falls below $70,000, wiping out post-election gains https://bmmagazine.co.uk/news/bitcoin-falls-below-70000-investors-retreat/ https://bmmagazine.co.uk/news/bitcoin-falls-below-70000-investors-retreat/#respond Fri, 06 Feb 2026 10:21:11 +0000 https://bmmagazine.co.uk/?p=168927 Bitcoin has slipped below the $70,000 mark, erasing the gains made after Donald Trump’s return to the White House, as weakening investor demand and regulatory uncertainty weigh on the world’s largest cryptocurrency.

Bitcoin has fallen below $70,000, wiping out post-election gains as institutional demand weakens and delays to crypto regulation hit investor confidence.

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Bitcoin falls below $70,000, wiping out post-election gains

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Bitcoin has slipped below the $70,000 mark, erasing the gains made after Donald Trump’s return to the White House, as weakening investor demand and regulatory uncertainty weigh on the world’s largest cryptocurrency.

Bitcoin has slipped below the $70,000 mark, erasing the gains made after Donald Trump’s return to the White House, as weakening investor demand and regulatory uncertainty weigh on the world’s largest cryptocurrency.

The digital asset fell to around $65,600 on Thursday, its lowest level since November 2024, amid a combination of hawkish signals from the US Federal Reserve, a slowdown in institutional buying and continued delays in crypto regulation.

Bitcoin had rallied sharply following Trump’s second election victory after he pledged to turn the US into the “crypto capital of the world”, fuelling expectations of lighter regulation and greater political backing for digital assets. However, those hopes have faded as progress on legislation has stalled and central banks have signalled they will keep interest rates higher for longer.

The cryptocurrency is now down around 30 per cent over the past year, as enthusiasm from both retail and institutional investors has cooled. Analysts say delays to US legislation aimed at creating a clear regulatory framework for digital assets have played a key role in undermining confidence.

The so-called Clarity Act, a bipartisan proposal designed to define how cryptocurrencies should be regulated, has been held up by disagreements within the sector and in Congress. In contrast, the UK has set out plans to bring cryptoasset firms under Financial Conduct Authority oversight from 2027, although that framework remains some way off.

In a research note, analysts at Deutsche Bank said regulatory inertia has slowed the integration of bitcoin into mainstream investment portfolios. They noted that while the recent sell-off looks sharp, it also reflects a retreat from highly speculative gains made over the past two years.

“Despite the recent drop, bitcoin remains around 370 per cent higher than in early 2023,” the bank said, adding that the steady selling suggests traditional investors are losing interest and broader pessimism around crypto is growing.

Created in 2008 by the pseudonymous developer Satoshi Nakamoto, bitcoin has no physical form and exists purely as computer code. Once worth almost nothing, it reached parity with the US dollar in 2011 and has since become the bellwether for the wider crypto market.

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Bitcoin falls below $70,000, wiping out post-election gains

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UK bans Coinbase adverts that suggested crypto could ease cost-of-living pressures https://bmmagazine.co.uk/newswire/uk-bans-coinbase-crypto-cost-of-living-ads/ https://bmmagazine.co.uk/newswire/uk-bans-coinbase-crypto-cost-of-living-ads/#respond Fri, 30 Jan 2026 01:30:38 +0000 https://bmmagazine.co.uk/?p=168689 The UK’s advertising watchdog has banned a series of adverts by Coinbase, ruling that they implied cryptocurrency could help ease cost-of-living pressures and downplayed the risks associated with crypto investing.

The UK’s advertising watchdog has banned Coinbase adverts that implied cryptocurrency could help address cost-of-living concerns, ruling they trivialised the risks of crypto investing.

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UK bans Coinbase adverts that suggested crypto could ease cost-of-living pressures

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The UK’s advertising watchdog has banned a series of adverts by Coinbase, ruling that they implied cryptocurrency could help ease cost-of-living pressures and downplayed the risks associated with crypto investing.

The UK’s advertising watchdog has banned a series of adverts by Coinbase, ruling that they implied cryptocurrency could help ease cost-of-living pressures and downplayed the risks associated with crypto investing.

The Advertising Standards Authority (ASA) upheld complaints from members of the public after the adverts ran in August, depicting Britain in various states of decline alongside a satirical slogan and the Coinbase logo.

The campaign included three poster adverts and a video which portrayed families, businesses and communities struggling amid economic hardship. Scenes highlighted by the ASA included a family home “in a state of disrepair”, a high street with shuttered shops “littered with binbags and rats”, and supermarket shelves marked with signs showing rising prices.

These images were paired with a satirical refrain suggesting everything was “just fine”, followed by the slogan “if everything’s fine don’t change anything”, displayed alongside Coinbase’s branding.

In its ruling, published on Wednesday, the ASA said 35 people had complained that the adverts were irresponsible and trivialised the risks of cryptocurrency, which remains largely unregulated in the UK.

“By presenting the country as failing in areas such as the cost of living and home ownership, the ads implied that consumers should make a financial change,” the watchdog said. It added that the combination of the slogan and Coinbase’s logo suggested the crypto exchange “could be part of the solution to the financial problems stated in the ads”.

The ASA concluded that the adverts breached UK advertising rules and ordered that they must not appear again in their current form.

Coinbase said it disagreed with the decision. In a statement, the company said: “While we respect the ASA’s decision, we fundamentally disagree with the characterisation of a campaign that critically reflects widely reported economic conditions as socially irresponsible.

“The advert was intended to provoke discussion about the state of the financial system and the need to consider better futures, not to offer simplistic solutions or minimise risk.”

The ruling follows repeated warnings from the Financial Conduct Authority, which has told people considering cryptocurrency investments that they should be “prepared to lose all their money” if values collapse.

The ASA has previously taken action against crypto advertising that failed to clearly communicate risk. It has stressed that crypto products are “complex” and “volatile”, and that adverts must make clear when products are not regulated by the FCA and that investors may have no protection if things go wrong.

Responding to the ban, Coinbase acknowledged that digital assets were “not a panacea” for economic challenges, but said it believed “responsible adoption can play a constructive role in a more efficient and freer financial system”.

The decision underscores the UK regulator’s increasingly tough stance on crypto marketing, particularly where advertising is seen to exploit economic anxiety or blur the line between social commentary and financial advice.

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UK bans Coinbase adverts that suggested crypto could ease cost-of-living pressures

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Looking Ahead to 2026: How CryptoMiningFirm’s Multi-Currency Cloud Mining Achieves Daily Returns of 5,000 XRP https://bmmagazine.co.uk/newswire/looking-ahead-to-2026-how-cryptominingfirms-multi-currency-cloud-mining-achieves-daily-returns-of-5000-xrp/ https://bmmagazine.co.uk/newswire/looking-ahead-to-2026-how-cryptominingfirms-multi-currency-cloud-mining-achieves-daily-returns-of-5000-xrp/#respond Thu, 01 Jan 2026 00:19:52 +0000 https://bmmagazine.co.uk/?p=167713 Meme coins started as internet jokes but have turned into a real force in crypto. While some still see them as nothing more than social media-fueled gambles, others recognize a shift toward real-world applications.

As 2026 approaches, more and more cryptocurrency users are no longer waiting for price surges, but instead turning to models that offer visible daily returns.

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Looking Ahead to 2026: How CryptoMiningFirm’s Multi-Currency Cloud Mining Achieves Daily Returns of 5,000 XRP

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Meme coins started as internet jokes but have turned into a real force in crypto. While some still see them as nothing more than social media-fueled gambles, others recognize a shift toward real-world applications.

As 2026 approaches, more and more cryptocurrency users are no longer waiting for price surges, but instead turning to models that offer visible daily returns.

At CryptoMiningFirm, multi-currency cloud mining is now running at scale.

By running BTC, XRP, ETH, and DOGE simultaneously, some active high-hashrate contracts can generate up to $9,000 worth of real profits in BTC, XRP, ETH, DOGE, and other cryptocurrencies daily.

These are not projections or market assumptions — they are results from contracts currently running and settling every day.

To allow users to witness this process firsthand, CryptoMiningFirm offers new users an immediate reward of $10 to $100 upon registration—which can be used to activate a live mining contract and observe real daily earnings.

Why are more users choosing to register now?

Because without registering, there’s no way to see whether these daily returns are already happening.

After signing up, users can immediately observe:

Whether the bonus is credited
Whether the mining contract is actively running
Whether earnings are settled daily

No price predictions
No upfront commitment
Just real daily data

Multi-Currency Mining: From Price Waiting to Daily Settlement

Unlike single-asset mining, CryptoMiningFirm runs BTC, XRP, ETH, and DOGE simultaneously.

The system automatically allocates hashrate based on network conditions, turning volatile market exposure into a steady daily settlement structure.

For many users, this means:

No frequent trading

No constant decisions

Just hashrate running quietly in the background

Cloud Mining Is a Progression — Not a One-Time Bet

Trial Stage

Activate a contract with the bonus or a small amount and watch daily settlements.

Contract Type Daily Rate ($) Duration (days) Cost ($) Total ($)
Antminer T21 4 2 100 108
Iceriver KAS KS7 7.15 5 500 585.75

Growth Stage

Scale computing power as results become consistent and predictable.

Contract Type Daily Rate ($) Duration (days) Cost ($) Total ($)
ETCMiner E11 35 10 2500 2850
MicroBTWhatsMiner M66S++ 77.5 15 5000 6162.5
Antminer S21 XPHYD 175 25 10000 14375

Expansion Stage
Multi-currency coordination aiming for 5,000 XRP-level daily settlements.

Contract Type Daily Rate ($) Duration (days) Cost ($) Total ($)
ANTSPACE HW5 975 38 50000 87050
ANTSPACE MD5 1640 45 80000 153800
Mining Box-40ft-CE 9450 30 270000 553500

Almost every high-level user started with a simple trial.

Once activated, contracts run automatically — no technical knowledge or manual operation required.

Real User Experiences

James R. (USA)
“I started with the bonus just to see if the system really settled daily. After a few days of consistent results, upgrading felt like a natural decision.”

Maria L. (Spain)
“What surprised me most was the time freedom. After activation, I only check results briefly each day — the rest runs on its own.”

How to Start — Just 3 Simple Steps

  1. Register and receive a $10–$100 bonus
    2. Activate a trial cloud mining contract
    3. Watch daily settlements, then decide whether to scale

Withdraw, reinvest, or upgrade anytime.

Final Thought

As 2026 approaches, the real advantage isn’t who reads more about crypto —
it’s who has already seen daily settlements with their own account.

CryptoMiningFirm lets users start with experience, not promises.

Register now — observe real daily returns before deciding whether to scale.

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Looking Ahead to 2026: How CryptoMiningFirm’s Multi-Currency Cloud Mining Achieves Daily Returns of 5,000 XRP

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From iPhone 17 to computing power wealth: CryptoMiningFirm cloud mining allows users to earn $8,150 per day! https://bmmagazine.co.uk/newswire/from-iphone-17-to-computing-power-wealth-cryptominingfirm-cloud-mining-allows-users-to-earn-8150-per-day/ https://bmmagazine.co.uk/newswire/from-iphone-17-to-computing-power-wealth-cryptominingfirm-cloud-mining-allows-users-to-earn-8150-per-day/#respond Mon, 10 Nov 2025 00:48:57 +0000 https://bmmagazine.co.uk/?p=166039 As cryptocurrency continues to gain popularity, businesses across the UK are increasingly adopting digital assets as a means of meeting market demand.

With the official release of the Apple iPhone 17, its powerful AI performance has been fully unleashed, triggering a new surge in global demand for high-performance computing power.

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From iPhone 17 to computing power wealth: CryptoMiningFirm cloud mining allows users to earn $8,150 per day!

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As cryptocurrency continues to gain popularity, businesses across the UK are increasingly adopting digital assets as a means of meeting market demand.

With the official release of the Apple iPhone 17, its powerful AI performance has been fully unleashed, triggering a new surge in global demand for high-performance computing power.

Riding this trend,Cryptominingfirm a cloud mining platform, has become a focal point in the technology and investment sectors thanks to its self-developed AI computing power scheduling and multi-chain mining technology. Platform data shows that users earn an average of $8,150 per day, sparking a new global revolution in “monetizing computing power” amidst the wave of AI and encryption convergence.

A Technology-Driven Wealth Revolution

The iPhone 17 features a new Neural Engine and an optimized AI chip, boosting performance by over 40%, making computing power true “digital gold.” The  CryptoMiningFirm app 3.0 perfectly leverages the iPhone 17’s powerful computing capabilities, intelligently allocating computing power through a self-developed AI system to efficiently distribute it across multiple cryptocurrencies, including BTC, XRP, and DOGE, enabling users to achieve stable and high daily returns.

“In the AI ​​era, computing power itself is a new form of productivity. bestcryptocurrencytrading.com empowers every user to participate in this intelligence-driven wealth revolution.” — CEO of Cryptominingfirm

What is cloud mining?

Cloud mining is a method of cryptocurrency mining that eliminates the need to purchase expensive mining rigs or master complex technologies. Users simply connect to a cloud mining platform via their smartphone or computer to remotely utilize the platform’s computing power to mine cryptocurrencies such as BTC, XRP, and DOGE. Earnings are automatically settled and credited to the user’s account, resulting in true passive income.

Cryptominingfirm APP 3.0 Five Core Highlights

Intelligent Computing Power Scheduling

A self-developed AI system monitors the entire network’s computing power in real time, automatically allocating the optimal mining path, improving efficiency by 35%.

Multi-Currency Collaborative Mining

Supports mainstream cryptocurrencies such as BTC, XRP, DOGE, and ETH. Multi-chain collaboration reduces risk and ensures more stable returns.

Green Energy Mining Farms

Global mining farms are located in Canada, Northern Europe, and Southeast Asia, utilizing wind and solar power for a green, low-carbon, and environmentally friendly experience.

Real-Time Profit Settlement

Daily profits are automatically credited to your account, allowing for free withdrawal or reinvestment, truly achieving “passive income with flexible funds.”

Exceptional User Experience

The APP interface is intuitive and easy to use, supporting multiple languages, multiple wallets, and fiat currency channels, with 24/7 online customer service.

Example of earnings

Contract Type Cost ($) Duration (days) Daily Rate ($) Total ($)
Antminer T21 100$ 2 4$ 108$
Iceriver KAS KS7 550$ 5 7.15$ 585.75$
ETCMiner E11 2500$ 10 35$ 2850$
MicroBTWhatsMiner M66S++ 5000$ 15 77.5$ 6162.5$
Antminer S21 XPHYD 10000$ 25 175$ 14375$
ANTSPACE HW5 50000$ 38 975$ 87050$
ANTSPACE MD5 80000$ 45 1640$ 153800$

View more cost-effective contracts

Data from bestcryptocurrencytrading.com shows:

Over 68% of users earn an average of $1,000-$8,000 per day.

High-investment users earn over $8,000 per day.

The platform’s long-term users have an average total earnings growth rate of 320%.

Start your passive income journey in one minute!

Visit bestcryptocurrencytrading.com or download the app (iOS / Android ).

Register an account and claim your new user computing power bonus ($10-$100)

Select a contract to start cloud mining. The system automatically allocates computing power, and your daily earnings are credited to your account in real time.

In summary

powered by the iPhone 17 and the AI ​​era, CryptoMiningFirm Cloud Mining App 3.0 provides global investors with a secure, compliant, and high-yield channel for digital asset growth. No complex technical skills are required; easily embark on a journey to earn $8,000 daily and let AI computing power empower your asset growth!

For more details, please visit the official website: https://bestcryptocurrencytrading.com

Official email: info@cryptominingfirm.com

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From iPhone 17 to computing power wealth: CryptoMiningFirm cloud mining allows users to earn $8,150 per day!

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ALGO, NEAR and ICP Mining The Future https://bmmagazine.co.uk/newswire/algo-near-and-icp-mining-the-future/ https://bmmagazine.co.uk/newswire/algo-near-and-icp-mining-the-future/#respond Tue, 07 Oct 2025 23:54:40 +0000 https://bmmagazine.co.uk/?p=164729 Meme coins started as internet jokes but have turned into a real force in crypto. While some still see them as nothing more than social media-fueled gambles, others recognize a shift toward real-world applications.

Using this method, you can earn up to $9,899 per day to experience ALGO, NEAR, and ICP mining. You can also receive $118 in trial bonus upon registration 

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ALGO, NEAR and ICP Mining The Future

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Meme coins started as internet jokes but have turned into a real force in crypto. While some still see them as nothing more than social media-fueled gambles, others recognize a shift toward real-world applications.

Using this method, you can earn up to $9,899 per day to experience ALGO, NEAR, and ICP mining. You can also receive $118 in trial bonus upon registration

The cryptocurrency market is dynamic, and although Bitcoin and Ethereum are at the forefront of news in the market, there is an emergence of a new breed of blockchain to address the challenge of scalability, speed, and efficiency. Among them, one can distinguish such powerful projects as Algorand (ALGO), Near Protocol (NEAR), and Internet Computer (ICP), all of which are well-packaged projects that are both highly advanced in terms of their technologies and feature solid developer ecosystems. Crypto mining is one of the options to take advantage of their growth and platforms like Hashj have never made it easier to begin.

We will discuss the mining of ALGO, NEAR, and ICP, why Hashj is a trustworthy site, and how you can optimize payments in this article. And remember: Sign up and receive a cash reward of up to $118.

The Algorand (ALGO) Mining- A Sustainable Vision

Algorand is associated with Pure Proof-of-Stake (PPoS) mechanism that was developed to allow achieving the decentralization without losing speed or security. Although ALGO does not demand any mining as in the case of Bitcoin, staking based rewards and validation are available.

Under the cloud infrastructure of Hashj, the holders of ALGO are able to delegate their coins and generate regular incomes. This will remove the necessity of sophisticated hardware constructions and help Algorand pursue its green mission.

NEAR Mining Near Protocol (NEAR) Scalability Redefined

NEAR Protocol was created to address the largest issue with blockchain scalability. With Nightshade sharding, NEAR is high throughput with low costs, which makes it an appealing blockchain to both dApps and developers.

To mine (or validate) NEAR, staking is usually needed, which can be done much easier by the cloud mining options of Hashj. You do not have to worry about uptime or running validators yourself, you enjoy optimized systems in Hashj.

This will be particularly useful as NEAR keeps gaining momentum in the fields of DeFi and gaming, thus producing the demand among miners and stakers.Sign up and receive a cash reward of up to $118.

Internet Computer (ICP) Mining – The Web3 Cloud

The Internet Computer (ICP) project, created by Dfinity, is the most ambitious project so far to be built around blockchain. It aims to decentralize the internet with developers being able to run applications on the chain.

Earning ICP is achieved by being a part of the Network Nervous System (NNS) and staking neurons. This may be complex to most users, however with the platform of Hashj, you have simplified access to ICP mining rewards without any technical impediments.

With the expansion of Web3, the opportunities of ICP are immense, and miners today could be the initial ones to enjoy the benefits of its prosperity.

What is Hashj and Why Should I Use it?

Hashj is a new generation cloud mining site aimed at both amateur and professional. In contrast to the mining facilities of the past that necessitate the use of costly equipment, Hashj offers the ability to obtain mining rewards easily within a vast pool of different cryptocurrencies.

Advantages of Hashj:

  • Minimal barrier to entry:No expensive mining equipment is required.
  • Easy to use platform: Mining management and easily registered.
  • Multi-coin support:Mine BTC, ETH, USDT, DOGE, ALGO, NEAR, and ICP, etc.
  • Stability and transparency:Real-time and reliable uptime of rewards.
  • Purchase nowand get a 118-dollar bonus!

When picking up Hashj, time, energy, and money are saved and lucrative mining opportunities are reached.

Latest Crypto News

  • Algorand (ALGO):The Algorand recently teamed with fintech businesses to increase the use of DeFi applications in Europe.
  • Near Protocol (NEAR):Said that there were a flood of new active users because of gaming and AI integrations.
  • Internet Computer (ICP):Introduced new developer grants to incentive the creation of Web3 applications on-chain.

In the meantime, the general crypto markets are doing well, with Bitcoin at major resistance levels and crypto altcoins attracting investor interest. Such environment renders other projects such as ALGO, NEAR and ICP even more attractive to miners who need to diversify their portfolio.

Final Thoughts

The future of blockchain is not just in the recognized leaders in the sector, such as Bitcoin and Ethereum but also in the new ones, like Algorand, Near Protocol, and Internet Computer. Mining or staking these coins, does not only mean rewarding but also helping to develop decentralized technology.

The process is now made simple by platforms such as Hashj, which provides predictable returns without involving technical expertise. Hashj is an efficient entry point, whether you are a first-time crypto miners or looking to add to your portfolio.

Do not pass up a chance Register now and receive an incentive in terms of cash, worth $118. As the next phase of blockchain adoption is innovatively led, the moment has come to begin smarter mining.

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ALGO, NEAR and ICP Mining The Future

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Trump’s crypto wallet rebounds 36% in Q3, but remains 70% down in 2025 https://bmmagazine.co.uk/newswire/trump-crypto-wallet-q3-2025/ https://bmmagazine.co.uk/newswire/trump-crypto-wallet-q3-2025/#respond Fri, 03 Oct 2025 14:02:32 +0000 https://bmmagazine.co.uk/?p=164429 Bitcoin surged to a record high on Monday, topping $123,000, as investors reacted to growing political and institutional support for cryptocurrency in the United States.

Donald Trump’s cryptocurrency portfolio rose 36% in Q3 2025 to $3.1m after steep early-year losses, according to Finbold’s latest report. Gains fuelled by Trump-themed tokens and unsolicited airdrops.

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Trump’s crypto wallet rebounds 36% in Q3, but remains 70% down in 2025

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Bitcoin surged to a record high on Monday, topping $123,000, as investors reacted to growing political and institutional support for cryptocurrency in the United States.

Donald Trump’s cryptocurrency portfolio posted a rare rebound in Q3 2025, climbing 36.6% in value to $3.1 million, according to new analysis from Finbold.

On-chain data tracked by Arkham Intelligence shows the former US president’s holdings rose from $2.27 million on July 1 to $3.10 million by September 30 – a paper gain of around $823,000.

The recovery comes after a brutal start to the year, when Trump’s wallet value collapsed 80.7% in Q1 (from $10.16 million to $1.96 million). By the end of H1, the portfolio had stabilised near $2.2 million, but overall it remains 69.5% below January levels, underscoring the volatility of Trump-linked crypto assets.

What drove the rebound?

Finbold’s report cites two main drivers behind the uptick:
• Unsolicited airdrops from meme-token projects, keen to associate themselves with Trump’s brand.
Trump-themed token frenzies, where retail promotions drive short-lived spikes in on-chain valuations.

“Much of the value reflects inflows rather than traditional investment activity,” said Diana Paluteder, co-author of the report. “It’s more a snapshot of speculative flows than evidence of an active trading strategy.”

Off-chain moves and NFT royalties

Arkham has linked the wallet to Trump via past financial disclosures and royalties from his NFT collections. However, large Coinbase-linked withdrawals suggest that funds are frequently moved or converted off-chain, leaving little to no balance behind after major inflows.

WLFI’s explosive growth

Beyond Trump’s personal holdings, his influence extends to World Liberty Financial (WLFI), a DeFi project billed as a “patriotic alternative” to Wall Street. WLFI’s reported asset value skyrocketed from $179.3m to $10.81bn in Q3 – a staggering 5,931% increase. Analysts attribute this to aggressive token issuance, thin liquidity, and politically driven enthusiasm.

While eye-catching, such figures raise sustainability questions. WLFI’s surge illustrates how Trump’s brand continues to fuel speculative narratives across crypto markets, even as risks of volatility remain high.

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Trump’s crypto wallet rebounds 36% in Q3, but remains 70% down in 2025

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Find Mining: Turning your phone into a mining machine could bring you $13,500 in passive income every day https://bmmagazine.co.uk/newswire/find-mining-turning-your-phone-into-a-mining-machine-could-bring-you-13500-in-passive-income-every-day/ https://bmmagazine.co.uk/newswire/find-mining-turning-your-phone-into-a-mining-machine-could-bring-you-13500-in-passive-income-every-day/#respond Tue, 02 Sep 2025 23:52:07 +0000 https://bmmagazine.co.uk/?p=163099 Meme coins started as internet jokes but have turned into a real force in crypto. While some still see them as nothing more than social media-fueled gambles, others recognize a shift toward real-world applications.

Amidst the surge in the digital economy, cryptocurrencies have gradually become a part of the public consciousness. More and more people are viewing them not only as investment tools, but also as a way to generate stable and ongoing passive income.

Read more:
Find Mining: Turning your phone into a mining machine could bring you $13,500 in passive income every day

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Meme coins started as internet jokes but have turned into a real force in crypto. While some still see them as nothing more than social media-fueled gambles, others recognize a shift toward real-world applications.

Amidst the surge in the digital economy, cryptocurrencies have gradually become a part of the public consciousness. More and more people are viewing them not only as investment tools, but also as a way to generate stable and ongoing passive income.

However, traditional mining faces high barriers to entry and high costs, making it unsuitable for everyone. Consequently, cloud mining has emerged as a more accessible and efficient alternative. Users can join the global crypto wealth network without having to purchase their own mining machines or incur high electricity costs.

This is precisely Find Mining’s goal: to open the door to wealth for every investor, leveraging intelligent technology and green energy.

What is cloud mining?

Cloud mining is a remote mining model that can be used to mine various cryptocurrencies, including Bitcoin. Users rent computing power from a platform, eliminating the hassle of purchasing and maintaining their own equipment. The system relies on high-performance mining machines from large mining farms to continuously perform complex calculations and generate corresponding crypto asset returns.

How to join Find Mining

Step 1: Register and Receive a $15 Bonus
Visit www.findmining.com and register with your email address to get a $15 cloud computing power bonus and start earning mining income immediately.

Step 2: Choose a Mining Plan
The platform offers flexible plans starting from $100, covering short to long-term periods. You can choose freely based on your budget and goals.

Real Earnings Examples:

Mining Plan Minimum Investment Duration Daily Earnings Estimated Total Return
Check-in Contract 15 USD 1 Day 0.6 USD 15.6 USD
LTC/DOGE Basic Hashrate 100 USD 2 Days 4 USD 100 + 8 USD
BTC Classic Hashrate 1,200 USD 10 Days 16.2 USD 1,200 + 162 USD
BTC Advanced Contract 4,800 USD 20 Days 74.4 USD 4,800 + 1,488 USD
Dogecoin Advanced Hashrate 12,000 USD 30 Days 211.2 USD 12,000 + 6,336 USD
BTC Super Hash Power 50,000 USD 40 Days 875 USD 50,000 + 35,000 USD

(More contracts can be found on the official website)

Step 3: Activate and Earn Daily
Once your plan is activated, the system runs automatically. Daily earnings are deposited into your account. Once your balance reaches the minimum threshold, you can withdraw or reinvest to grow your income further.

Easy participation, stable income

Find Mining is dedicated to simplifying complex processes, making it especially suitable for beginners. Its user-friendly interface and clear operations allow even new users with no cryptocurrency experience to quickly get started.

For Find Mining, simplifying operations isn’t about lowering standards; it’s the key to improving the user experience. Leveraging over 100 mining farms and 1.32 million mining rigs worldwide, along with extensive use of renewable energy, the platform provides stable and secure income services to over 9.4 million users.

Security and Compliance

Find Mining prioritizes user fund security. The platform operates transparently and in compliance with regulations, ensuring that investments are protected by law. The company was registered in the UK in 2018 and is regulated there. It has earned the trust of over 9.4 million users worldwide.

Platform Advantages

Top-tier equipment: Utilizing industry-leading mining machines from Bitmain and Antminer, we deliver efficient and stable computing power.

Intuitive and easy-to-use: The simple interface and clear workflow make it easy for even beginners to operate.

Multi-currency support: Supports settlement in mainstream currencies such as DOGE, BTC, ETH, USDT, BCH, LTC, XRP, and SOL.

Stable returns: Daily returns are distributed during the contract period, with automatic principal return upon maturity.

Professional service: Experienced technical and customer service teams provide 24/7 support.

Invite rewards: Invite friends to join and earn rewards up to $60,000.

Conclusion

In the ever-changing crypto market, opportunities favor those who take action. Find Mining lowers the barrier to entry through cloud mining, making passive income possible. Whether you’re a beginner or an experienced investor, you can find a suitable mining strategy.

For more information, visit:

Official Email: info@findmining.com

Official Website: https://findmining.com/

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Find Mining: Turning your phone into a mining machine could bring you $13,500 in passive income every day

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How crypto payment solutions help e-commerce brands cut fees by 70% https://bmmagazine.co.uk/newswire/how-crypto-payment-solutions-help-e-commerce-brands-cut-fees-by-70/ https://bmmagazine.co.uk/newswire/how-crypto-payment-solutions-help-e-commerce-brands-cut-fees-by-70/#respond Tue, 02 Sep 2025 23:13:13 +0000 https://bmmagazine.co.uk/?p=163070 As cryptocurrency continues to gain popularity, businesses across the UK are increasingly adopting digital assets as a means of meeting market demand.

As global e-commerce continues to surge, merchants are increasingly turning to crypto payment gateway solutions to escape the heavy fees and frictions of traditional finance.

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How crypto payment solutions help e-commerce brands cut fees by 70%

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As cryptocurrency continues to gain popularity, businesses across the UK are increasingly adopting digital assets as a means of meeting market demand.

As global e-commerce continues to surge, merchants are increasingly turning to crypto payment gateway solutions to escape the heavy fees and frictions of traditional finance.

With blockchain-based transactions, online retailers are discovering new ways to streamline cross-border payments, protect profit margins, and scale with confidence.

Why traditional payment methods are failing online retailers

High transaction fees, chargebacks, and slow settlement times have long been a thorn in the side of digital merchants. Crypto payment gateway solutions and payment aggregators often charge 2% to 4% per transaction, with hidden fees eating into earnings. For international payments, currency conversion and intermediary banking fees can push costs even higher.

Moreover, delayed settlements mean e-commerce businesses must wait days to access their funds, limiting cash flow and complicating inventory management.

The blockchain advantage for e-commerce

Drastically lower transaction costs

By eliminating banks and intermediaries, crypto transactions can reduce payment fees to as low as 0.5% or even less. For brands operating at scale, this can mean savings of up to 70% on payment processing alone. This leaner structure allows businesses to reinvest in growth or pass savings on to customers.

Instant global payments

Unlike bank transfers that take days to process, especially across borders, crypto transactions settle in minutes. This provides e-commerce stores with immediate access to capital and the ability to serve customers in underbanked or high-risk regions.

Elimination of chargebacks

Crypto transactions are irreversible. This eliminates the risk of chargeback fraud, a growing concern for online retailers. Brands can operate with greater financial predictability and reduced risk exposure.

Broader customer reach

A crypto payment gateway allows merchants to accept payments from anyone with a digital wallet, bypassing banking restrictions or card limitations. This unlocks new customer segments, especially in emerging markets where traditional financial services are limited.

A real-world solution for real results

Platforms offer seamless crypto payment integration for e-commerce stores, with support for multiple digital currencies, real-time exchange rates, and automated conversion to fiat. By using a crypto payment gateway, merchants can manage crypto transactions without the complexity or volatility risk.

Whether you’re running a Shopify storefront or managing an international online brand, adopting a crypto payment solution can dramatically cut costs and unlock global scale.

The future of e-commerce is decentralised

As digital commerce becomes more borderless and consumer expectations rise, e-commerce brands must evolve. Embracing blockchain-based payments is not just a cost-cutting measure, it’s a strategic move to future-proof operations, increase reach, and gain a competitive edge in a global marketplace.

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How crypto payment solutions help e-commerce brands cut fees by 70%

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Converting BTC into Daily Income: RICH MINER Launches New Bitcoin Cloud Mining Strategy https://bmmagazine.co.uk/newswire/converting-btc-into-daily-income-rich-miner-launches-new-bitcoin-cloud-mining-strategy/ https://bmmagazine.co.uk/newswire/converting-btc-into-daily-income-rich-miner-launches-new-bitcoin-cloud-mining-strategy/#respond Mon, 01 Sep 2025 23:25:45 +0000 https://bmmagazine.co.uk/?p=163029 In an era of rapidly advancing technology and changing financial landscapes, Central Bank Digital Currencies (CBDCs) have emerged as a potential game-changer.

As increasingly favorable regulations for cryptocurrencies emerge, Bitcoin (BTC) has reaffirmed its status as “digital gold,” with prices hitting new highs and capturing global investor attention. However, as confidence in traditional “hold and wait” strategies wanes, converting BTC into a stable cash flow has become a hot topic.

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Converting BTC into Daily Income: RICH MINER Launches New Bitcoin Cloud Mining Strategy

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In an era of rapidly advancing technology and changing financial landscapes, Central Bank Digital Currencies (CBDCs) have emerged as a potential game-changer.

As increasingly favorable regulations for cryptocurrencies emerge, Bitcoin (BTC) has reaffirmed its status as “digital gold,” with prices hitting new highs and capturing global investor attention. However, as confidence in traditional “hold and wait” strategies wanes, converting BTC into a stable cash flow has become a hot topic.

Addressing this demand, renowned cloud mining platform RICH MINER has introduced a new BTC cloud mining contract. This optimized yield structure empowers users to transform their Bitcoin into reliable daily passive income.

According to official platform data, the new contract offers potential daily returns of up to $2,856. Users no longer need to passively wait for price appreciation. Through stable, intelligent algorithmic mechanisms, RICH MINER transforms BTC from an “asset” into a “daily income generator.”

Why choose RICH MINER for BTC cloud mining?

No hardware, no maintenance

No need to purchase mining equipment or possess technical expertise. The platform handles all mining rig deployment and operation, ensuring a simple and secure mining experience.

Daily settlement, transparent returns

Profits are distributed directly to user accounts daily and can be withdrawn at any time.

Flexible Contracts

Multiple contract durations available—6, 13, and 37 days—to accommodate varying capital flexibility needs.

Mobile Support

Monitor mining status and earnings anytime via the mobile app, managing assets on the go.

Four Easy Steps to Start BTC Cloud Mining

  1. Register an Account

Visit the official RICH MINER platform to register. New users receive a $15 sign-up bonus.

  1. Deposit BTC

Select “BTC Deposit” in your account. The system will generate a BTC wallet address. Copy the address and transfer BTC from your personal wallet or exchange. Participation requires a minimum of just 0.001 BTC.

  1. Choose a Contract Plan

Select from short-term stable returns, long-term compound interest plans, or high-yield contracts based on your needs.

Contract Type Contract Price Contract duration Daily income Total revenue
New User Experience Contract $100 2 $3 $100 + $6
Canaan Avalon A15XP $500 6 $6.00 $500 + $30
Bitdeer SealMiner A2 $1,000 12 $13.00 $1000+ $156
Bitmain Antminer L7 $3,000 18 $42.30 $3000+ $756
Bitmain Antminer S21 $5,000 25 $75.00 $5000+ $1875
Bitmain Antminer S21 XP Hyd $10,000 30 $162.00 $10000+ $4860

(Click here to view full contracts)

  1. Start Earning

After activating your contract, the system distributes mining rewards proportionally each day. Users can withdraw funds anytime, enabling a passive income model where “holding equals earning.”

Let BTC Create Value Daily

Bitcoin price surges are often scarce and unpredictable. RICH MINER’s strategy allows users to convert idle BTC into stable returns, reducing reliance on market volatility.

For example, an investor activating a 1 BTC cloud mining contract through RICH MINER can earn approximately $2,856 daily, accumulating $105,672 in passive income within 37 days.

Amidst the crypto market’s new era of regulation and institutional participation, RICH MINER continuously optimizes its cloud mining model, providing global investors with a secure, transparent, and eco-friendly path for digital asset appreciation.

Join RICH MINER Now

Embark on your BTC cloud mining journey and let every Bitcoin generate daily value and returns for you.

Official Website: https://RICHMINER.com

Contact Email: info@RICHMINER.com

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Converting BTC into Daily Income: RICH MINER Launches New Bitcoin Cloud Mining Strategy

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XRP price prediction hits new highs, GMO Miner helps you earn $6,800 a day https://bmmagazine.co.uk/newswire/xrp-holders-new-wealth-code-gmo-miner-allows-holders-to-earn-6800-a-day/ https://bmmagazine.co.uk/newswire/xrp-holders-new-wealth-code-gmo-miner-allows-holders-to-earn-6800-a-day/#respond Thu, 28 Aug 2025 05:12:20 +0000 https://bmmagazine.co.uk/?p=162840 Dogecoin started as a joke back in 2013, featuring the popular Shiba Inu “Doge” meme as its mascot. However, what began as a lighthearted alternative to Bitcoin has transformed into a cryptocurrency with billions in market capitalization. 

Quebrando o modelo tradicional de negociação, o poder da computação em nuvem se tornou o novo queridinho do mercado de criptomoedas.

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XRP price prediction hits new highs, GMO Miner helps you earn $6,800 a day

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Dogecoin started as a joke back in 2013, featuring the popular Shiba Inu “Doge” meme as its mascot. However, what began as a lighthearted alternative to Bitcoin has transformed into a cryptocurrency with billions in market capitalization. 

On July 18, XRP broke through $3.65, shattering its 2018 all-time high of $3.40. After a pullback to $3.20, it rebounded 7%. Technicals remain strong, with the RSI above 50 and support at $3, indicating a dominant buying trend and a potential rise to $4 in the short term.

However, savvy investors don’t just wait for prices to rise; they also turn their assets into daily cash flow. With GMO Miner, XRP holders can directly launch cloud mining contracts and earn daily XRP returns, unaffected by market fluctuations.

No hardware or maintenance required, with daily returns settled and cash available for withdrawal or reinvestment at any time, achieving double the growth of your assets.

Now is the perfect time to capitalize on XRP’s price momentum and earn passive income by joining GMO Miner.

Why should XRP investors choose GMO Miner

Bitcoin and Ethereum dominate the ETF market, and Ripple (XRP) is catching up. For many investors, ETF returns alone no longer meet their expectations for stable returns. Therefore, they are turning to legal and compliant intelligent cloud mining platforms like GMO Miner.

GMO Miner’s AI-powered computing management system allows you to earn cryptocurrency daily without having to purchase expensive equipment or incur maintenance risks. The platform combines renewable energy with cold storage to ensure stable returns and asset security.

How to Get Started with GMO Miner

1: Visit GMO Miner and create your account – receive a $15 bonus.

2: Securely connect your digital wallet.

3: Select a mining contract that suits your budget and timeframe.

4: Start mining – your profits will be paid out daily. 5: Referral Bonus: Benefit from the most attractive affiliate program (3% + 1.5%), referral commissions, and bonuses up to $21,000.

Some contract examples:

Adventure Plan for Beginners

Investment: $100 | Duration: 2 days | Daily Revenue: $3.50 | Total Net Profit: $100 + $7

Antminer AL1

Investment: $1,100 | Duration: 12 days | Daily Revenue: $14.41 | Total Net Profit: $1,100 + $172.92

Antminer S21+

Investment: $5,000 | Duration: 35 days | Daily Revenue: $76 | Total Net Profit: $5,000 + $2,660

Antminer S21 XR Imm

Investment: $8,000 | Duration: 30 days | Daily Revenue: $129.6 | Total Net Profit: $8,000 + $3,888 USD

Antminer Rack

Investment: $12,000 | Term: 40 days | Daily Revenue: $201.6 | Total Net Profit: $12,000 + $8,064

Ant Space HK3 V6

Investment: $30,000 | Term: 45 days | Daily Revenue: $534.00 | Total Net Profit: $30,000 + $24,030

View more new contracts on the GMO Miner platform website.

After purchasing a contract, your returns are guaranteed and automatically credited to your account every 24 hours. Upon contract expiration, your principal will be fully returned. You can withdraw or reinvest at any time to enjoy compounding returns.

“We believe the value of crypto assets should transcend price fluctuations. Our goal is to encourage more people to participate and make it easy for them to earn stable daily returns without relying on speculation,” said GAIGER Samuel Joseph, Marketing Director of GMO Miner.

Security and Sustainability

In the world of mining, trust and security are paramount. GMO Miner understands this and prioritizes user safety. Committed to transparency and legal compliance, GMO Miner ensures your investment is protected, allowing you to focus on profitability. All mining farm energy is supplied by renewable energy, making cloud mining carbon neutral. Renewable energy protects the environment and delivers exceptional returns, allowing every investor to enjoy opportunities and benefits.

Looking Ahead

With the continued strength of XRP prices, GMO Miner will provide investors with a path to achieve both stable returns and asset appreciation. In the future, cloud mining is likely to gain further popularity and become a common choice for crypto investors. The in-depth integration of AI-powered computing power management and renewable energy will not only improve mining efficiency but also achieve long-term sustainability. Furthermore, the maturing market and increasingly stringent regulatory compliance will further strengthen investor confidence. For investors seeking stable cash flow and asset appreciation, capitalizing on XRP’s upward momentum and investing in mining contracts through GMO Miner may become a crucial path to future wealth growth.

Whether you’re a beginner or an experienced user, GMO Miner welcomes everyone from around the world.

For more information, please visit GMO Miner’s official website: https://www.gmominer.com

Or contact us via email: info@gmominer.com

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XRP price prediction hits new highs, GMO Miner helps you earn $6,800 a day

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“XRP Futures Hit $1B — WinnerMining Cloud Mining Shows You How to Earn $1,850 a Day” https://bmmagazine.co.uk/newswire/xrp-futures-hit-1b-winnermining-cloud-mining-shows-you-how-to-earn-1850-a-day/ https://bmmagazine.co.uk/newswire/xrp-futures-hit-1b-winnermining-cloud-mining-shows-you-how-to-earn-1850-a-day/#respond Wed, 27 Aug 2025 23:25:59 +0000 https://bmmagazine.co.uk/?p=162857 The opening shots in the cryptocurrency revolution were fired in 2008 when a mysterious visionary attempted to establish the soundness of a blockchain-based digital currency in a whitepaper published under an assumed name.

XRP is on fire. CME just reported that XRP futures became the fastest contract ever to surpass $1 billion in open interest, outpacing even Bitcoin and Ethereum. Institutional demand is surging — and now, everyday investors can join the action.

Read more:
“XRP Futures Hit $1B — WinnerMining Cloud Mining Shows You How to Earn $1,850 a Day”

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The opening shots in the cryptocurrency revolution were fired in 2008 when a mysterious visionary attempted to establish the soundness of a blockchain-based digital currency in a whitepaper published under an assumed name.

Institutions are moving fast — don’t get left behind.

XRP is on fire. CME just reported that XRP futures became the fastest contract ever to surpass $1 billion in open interest, outpacing even Bitcoin and Ethereum. Institutional demand is surging — and now, everyday investors can join the action.

So how can you benefit from this momentum? That’s where WinnerMining comes in. It lets your XRP work for you every day, without trading, charts, or expensive mining rigs.

Why WinnerMining Works

WinnerMining makes earning simple and stress-free:

100% cloud-based — start from anywhere

Eco-friendly — powered by solar, wind, and hydro

Daily payouts — withdraw or reinvest anytime

Secure — military-grade protection keeps your assets safe

Referral bonuses — earn extra by inviting friends

Contracts That Fit Your Goals

Pick a contract that matches your budget and start earning immediately:

  • Starter — $100, small daily income, 2 days
    • Junior — $500, moderate daily income, 5 days
    • Intermediate — $3,000, significant daily income, 15 days
    • Premium — $10,000, high daily income, 30 days
    • Exclusive — $100,000+, maximum daily income, 60+ days

Each contract puts your XRP to work automatically. You don’t have to guess the market or watch charts. Earnings come in daily, reliably, and stress-free.

Why Now Is the Moment

XRP is breaking records on CME. Regulations are becoming clearer. Institutional adoption is growing. This is the moment to act.

WinnerMining bridges the gap: while big funds trade futures, you can earn daily XRP safely and predictably— even while you sleep.

Don’t let your XRP sit idle — put it to work today.

The question isn’t “Will XRP rise?” anymore — it’s:
“How much XRP will you earn tomorrow?”

WinnerMining.com
info@winnermining.com

Read more:
“XRP Futures Hit $1B — WinnerMining Cloud Mining Shows You How to Earn $1,850 a Day”

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Analysis of the reasons for Ripple’s decline today: How RICH Miner cloud mining can turn XRP into stable passive income https://bmmagazine.co.uk/newswire/analysis-of-the-reasons-for-ripples-decline-today-how-rich-miner-cloud-mining-can-turn-xrp-into-stable-passive-income/ https://bmmagazine.co.uk/newswire/analysis-of-the-reasons-for-ripples-decline-today-how-rich-miner-cloud-mining-can-turn-xrp-into-stable-passive-income/#respond Tue, 26 Aug 2025 23:14:03 +0000 https://bmmagazine.co.uk/?p=162793 Dogecoin started as a joke back in 2013, featuring the popular Shiba Inu “Doge” meme as its mascot. However, what began as a lighthearted alternative to Bitcoin has transformed into a cryptocurrency with billions in market capitalization. 

Ripple (XRP) saw another price drop today, leaving many investors anxious. What exactly is causing XRP's decline? Amidst market uncertainty, how can holders still earn a stable return during this price drop?

Read more:
Analysis of the reasons for Ripple’s decline today: How RICH Miner cloud mining can turn XRP into stable passive income

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Dogecoin started as a joke back in 2013, featuring the popular Shiba Inu “Doge” meme as its mascot. However, what began as a lighthearted alternative to Bitcoin has transformed into a cryptocurrency with billions in market capitalization. 

Ripple (XRP) saw another price drop today, leaving many investors anxious. What exactly is causing XRP’s decline? Amidst market uncertainty, how can holders still earn a stable return during this price drop?

The answer lies in RICH Miner cloud mining—a new way for investors to convert XRP into stable passive income.

  1. Main Reasons for Ripple’s Decline Today
  2. Overall Market Correction

A decline in the price of Ripple is often correlated with overall cryptocurrency market trends. Declines in Bitcoin and Ethereum can directly lead to short-term adjustments in XRP.

  1. Regulatory Impact

The litigation between the SEC (U.S. Securities and Exchange Commission) and Ripple has been a significant factor influencing XRP’s price. Every new development or ruling could lead to a short-term decline in XRP.

  1. Investor Cashing Out

After XRP’s initial surge, many investors chose to take profits, increasing selling pressure and causing prices to fall.

  1. Fluctuating Market Sentiment

The cryptocurrency market is dominated by speculation, and investor sentiment significantly influences prices. When panic spreads, XRP prices naturally come under pressure.

  1. How RICH Miner Cloud Mining Helps XRP Holders

Even if XRP experiences a short-term decline, investors can still convert XRP into long-term, stable returns through RICH Miner cloud mining.

  1. What is RICH Miner Cloud Mining?

RICH Miner is a platform that provides XRP cloud mining services. Users don’t need to purchase expensive mining machines; simply stake XRP on the platform and receive dividends based on the computing power generated.

  1. Advantages for XRP Holders
  • Stable Passive Income: Through cloud mining dividends, holders receive a fixed daily income, eliminating their reliance on the XRP market price.
  • Risk Diversification: Your XRP holdings are converted into computing power, which can continuously generate BTC, DOGE, or USDT, thus hedging against the risk of XRP’s price decline.
  • Flexible Withdrawals: RICH Miner supports daily withdrawals, allowing investors to convert their earnings directly into stablecoins or other mainstream currencies.
  1. Example of an XRP Earning Model: The process is very simple:

3.1: Register an Account – Register for free and receive a $15 bonus.

3.2: Deposit XRP – Transfer tokens to a dedicated platform wallet address.

3.3: Choose a Mining Contract – Flexible options include short-term, long-term, or high-yield plans.

Contract Type Contract Price Contract duration Daily income Total revenue
New User Experience Contract $100 2 $3 $100 + $6
Canaan Avalon A15XP $500 6 $6.00 $500 + $30
Bitdeer SealMiner A2 $1,000 12 $13.00 $1000+ $156
Bitmain Antminer L7 $3,000 18 $42.30 $3000+ $756
Bitmain Antminer S21 $5,000 25 $75.00 $5000+ $1875
Bitmain Antminer S21 XP Hyd $10,000 30 $162.00 $10000+ $4860

[Click here for more contract details]

3.4: Enjoy Daily Returns – Mining profits are automatically distributed, and you can withdraw or reinvest them at any time.

Industry experts point out that RICH Miner’s “Green Mining” model reduces energy consumption while providing more stable returns than traditional mining methods.

III. Why Choose RICH Miner Cloud Mining?

  • Simple Operation: No mining equipment or electricity required, suitable for all investors.
  • Transparent Returns: Mining output data is publicly available daily, and the dividend distribution mechanism is clear.
  • Robust and Reliable: The platform leverages massive computing power to guarantee output, ensuring a genuine source of income.
  • Risk Hedging: Even if the price of XRP declines, investors can still earn stable returns through cloud mining.

Summary:

In summary, the main reasons for XRP’s decline include market conditions, regulatory uncertainty, and investor sentiment. However, for long-term investors, price fluctuations are not necessarily a bad thing. Through Rich Miner cloud mining, XRP holders can not only earn a stable daily passive income but also diversify their risk, achieving the dual goals of “long-term holding + stable returns.”

In the uncertain crypto market, learning to utilize cloud mining platforms is the core strategy for ensuring the steady growth of your assets.

For more information about Rich Miner, please visit the official website. Customer service email: info@richminer.com.

Read more:
Analysis of the reasons for Ripple’s decline today: How RICH Miner cloud mining can turn XRP into stable passive income

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Earn $8,800 a day in passive income using your smartphone – Siton Mining Launches New Multi-Currency Cloud Mining App for BTC, XRP, and DOGE https://bmmagazine.co.uk/newswire/earn-8800-a-day-in-passive-income-using-your-smartphone-siton-mining-launches-new-multi-currency-cloud-mining-app-for-btc-xrp-and-doge/ https://bmmagazine.co.uk/newswire/earn-8800-a-day-in-passive-income-using-your-smartphone-siton-mining-launches-new-multi-currency-cloud-mining-app-for-btc-xrp-and-doge/#respond Sun, 24 Aug 2025 23:05:52 +0000 https://bmmagazine.co.uk/?p=162669 Bitcoin trading

With the growing popularity of digital assets, passive income has become a goal for many investors. Siton Mining has launched a new solution: a multi-currency cloud mining application for BTC, XRP, and DOGE, making it easy for everyone to start mining with zero barriers to entry.

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Earn $8,800 a day in passive income using your smartphone – Siton Mining Launches New Multi-Currency Cloud Mining App for BTC, XRP, and DOGE

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Bitcoin trading

With the growing popularity of digital assets, passive income has become a goal for many investors. Siton Mining has launched a new solution: a multi-currency cloud mining application for BTC, XRP, and DOGE, making it easy for everyone to start mining with zero barriers to entry.

Since its establishment in 2016, Siton Mining, a globally renowned cloud mining service provider, has been committed to lowering the barrier to entry for users and enabling them to participate in the value-added growth of the digital economy. The company has launched a multi-currency cloud mining system that fully supports mainstream cryptocurrencies such as BTC, ETH, XRP, DOGE, and USDT, creating a one-stop experience where users can mine their own cryptocurrency.

Core Platform Advantages: Making Mining Smarter and Safer

⦁ Daily Settlement, Flexible Withdrawals

Profits are automatically settled and distributed daily to your account, allowing you to withdraw and reinvest as you wish.

⦁ Top-tier Security

Partnering with McAfee® and Cloudflare® to build a military-grade security system, ensuring comprehensive fund and data security.

⦁ Accessible to Everyone, Low Barrier to Entry

Both beginners and experienced investors can find a suitable solution to achieve stable returns.

⦁ Rewards: Continuous Incentives

New users receive a random bonus of $10-$100 upon registration, and receive an additional $0.60 upon daily login, encouraging long-term holding and growth.

⦁ 200+ data centers worldwide, operating 24/7

Providing 24/7 professional customer support to ensure stable mining operations.

Start your cloud mining journey in three steps.

  1. Register an account:

Visit the official website at https://sitonmining.com and register using your email address.

  1. Choose a contract:

Choose the appropriate currency and mining plan to easily start cloud mining.

  1. Enjoy the benefits:

Daily settlement. Withdraw when your account reaches $100, or reinvest to earn higher returns.

Investment Contract Returns

You might be wondering, “Can you really make money?” Below is an example of Siton Mining’s official data:
⦁Newbie Trial Plan

Investment: $100, Duration: 2 days, Revenue: $8, Total Net Profit: $100 + $8

⦁iPollo V1

Investment: $500, Duration: 5 days, Revenue: $30, Total Net Profit: $500 + $30

⦁WhatsMiner M60S+

Investment: $1000, Duration: 10 days, Revenue: $131, Total Net Profit: $1000 + $1131

⦁Desiwe K10 Pro

Investment: $3500, Duration: 16 days, Revenue: $784, Total Net Profit: $3500 + $784

⦁DragonBall KS6 Pro+

Investment: $7000, Duration: 21 days, Revenue: $2205, Total Net Profit: $7000 + $2205

⦁Jasminer X44-Q

Investment: $9800, Time: 26 days, Revenue: $4051.32, Total Net Profit: $9800 + $4051.32

Denominated in US dollars, avoiding price fluctuations

Siton Mining supports mainstream assets such as BTC, ETH, XRP, DOGE, LTC, BCH, SOL, and USDT (ERC20/TRC20). The system automatically converts settlements to US dollars to mitigate price fluctuations. When withdrawing, you can freely choose to convert back to your target currency, ensuring fund security and liquidity.

About Siton Mining

Since its founding in 2016, Siton Mining has built over 100 mining farms worldwide, serving over 180 countries and regions, and boasting over 9 million registered users. With stable operations, security guarantees, and high-quality service, Siton Mining has become a leader in the cloud mining industry.

“True wealth accumulation comes from long-term, stable returns, not short-term fluctuations.”

Visit the official website https://sitonmining.com or contact us at info@sitonmining.com to start your cloud mining journey.

Read more:
Earn $8,800 a day in passive income using your smartphone – Siton Mining Launches New Multi-Currency Cloud Mining App for BTC, XRP, and DOGE

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Latest Decode Casino Bonus Code Deals You Shouldn’t Miss https://bmmagazine.co.uk/newswire/latest-decode-casino-bonus-code-deals-you-shouldnt-miss/ https://bmmagazine.co.uk/newswire/latest-decode-casino-bonus-code-deals-you-shouldnt-miss/#respond Sat, 23 Aug 2025 23:47:42 +0000 https://bmmagazine.co.uk/?p=162684 Navigating the world of online casino bonuses can feel like reading the fine print on a rocket science manual — confusing, vague, and full of traps.

When it's time to lie back and enjoy your casino games, it feels great to have a little treat you can look forward to. Decode Casino is a treasure trove for all online casino players looking for bonuses to increase their cash gains.

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Latest Decode Casino Bonus Code Deals You Shouldn’t Miss

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Navigating the world of online casino bonuses can feel like reading the fine print on a rocket science manual — confusing, vague, and full of traps.

When it’s time to lie back and enjoy your casino games, it feels great to have a little treat you can look forward to. Decode Casino is a treasure trove for all online casino players looking for bonuses to increase their cash gains.

In this post, we explore Decode Casino bonus codes you can redeem for a variety of rewards, including sign-up bonuses, no-deposit rewards, free spins, and cash back rewards.

Welcome Bonus Featuring Ms. Moolah

As a new player at Decode Casino, you’re in for a massive treat alongside the electrifying Ms. Moolah. Under her guidance, you can enjoy a match bonus and a free chip as part of the welcome package.

For the first part of your welcome offer at Decode, you’ll receive a 111% match bonus. To access this offer, use the code DECODE111. You can receive a bonus of up to $1,111 to supercharge your bets.

Right after using your first deposit bonus at Decode, you qualify for a free $111 chip. This Decode no deposit bonus is available through the code FREE111DECODE. You can win up to $500 from this bonus, which is a significant increase from the specified 5x limit stated in the general terms and conditions.

The best part about the welcome package is that you only need a $25 minimum deposit to qualify. Both the deposit and no deposit bonuses have a reduced wagering requirement of 25x.

Welcome Bonus Featuring Spade

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Join the hunt for Captain Blackbeard and be the lucky winner who takes the bounty home this weekend. To secure more wins, Decode Casino has three bonuses for you to choose from every weekend.

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Usually, it’s best to spend the free spins first, then gamble any winnings 60x to meet the withdrawal requirements. Then, spend the deposits plus bonus amounts with a 30x wagering requirement on Blackbeard’s Lucky Bucks.

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All the offers in this promotion have a 30x minimum wagering limit and a $25 minimum deposit requirement. While there is no winning limit on the deposit bonuses, you can only cash out up to $500 using the free chip, which is still generous.

Mega Moolah Marathon

The Mega Moolah summer marathon offers you a chance to enjoy yet another thrilling package from Decode Casino. The offer comes in three parts, depending on the amount of deposits you make within a month.

  • The first is a $50 monthly mission. You qualify for this mission when you make 5 deposits of at least $25. To access this reward, use the bonus code HIGH5 and prepare for a $500 max cashout.
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All promotions in this offer have a 40x rollover requirement, but you can select any of the slots and keno games available.

Cybernetic Cash Chase

High speed, neon lights, and tech gadgets can only be improved upon by one thing — real cash wins. With this Decode Casino bonus, you have a chance to improve your gains using any of the three offers in this package.

  • The first is the $30 monthly mission, which has $25 minimum deposit requirement throughout the month. You can redeem this offer using the code DE30CODE.
  • The second offer is valid for one weekly redemption between Monday and Thursday for deposits of at least $25 made within the same period. In this reward, you’ll gain 50 free spins on Cash Chaser. Use the code LOYAL50CODE to redeem the reward.
  • The third offer is 77 free spins on Blackbeard’s Lucky Bucks using the code LOYAL77MOOLAH. To qualify for this offer, you need $25 minimum deposit made between Friday and Sunday and redeemed within the same period. You can only redeem this offer once a week.

All the offers in this package have a 40x rollover requirement, and you can win up to $500 for each coupon.

Read more:
Latest Decode Casino Bonus Code Deals You Shouldn’t Miss

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Beyond ETFs: New XRP Cloud Mining Contracts Help Beginners Earn $3,100 Per Day https://bmmagazine.co.uk/newswire/beyond-etfs-new-xrp-cloud-mining-contracts-help-beginners-earn-3100-per-day/ https://bmmagazine.co.uk/newswire/beyond-etfs-new-xrp-cloud-mining-contracts-help-beginners-earn-3100-per-day/#respond Tue, 19 Aug 2025 23:55:20 +0000 https://bmmagazine.co.uk/?p=162587 As cryptocurrency continues to gain popularity, businesses across the UK are increasingly adopting digital assets as a means of meeting market demand.

As cryptocurrency ETF applications surge, the chances of approval are rising quickly. Yet seasoned investors recognize that while ETFs can boost market confidence, they cannot eliminate price volatility or uncertain returns.

Read more:
Beyond ETFs: New XRP Cloud Mining Contracts Help Beginners Earn $3,100 Per Day

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As cryptocurrency continues to gain popularity, businesses across the UK are increasingly adopting digital assets as a means of meeting market demand.

As cryptocurrency ETF applications surge, the chances of approval are rising quickly. Yet seasoned investors recognize that while ETFs can boost market confidence, they cannot eliminate price volatility or uncertain returns.

In response, Topnotch Crypto has launched a new XRP cloud mining contract that allows users to turn their XRP into stable daily income—without the need for equipment or technical skills. Investors can earn up to $3,100 per day, creating a form of passive income that works like a “digital gold bond.”

Topnotch Crypto is a UK-registered green cloud mining platform that operates 100 mining farms worldwide, all fully powered by renewable energy. The platform leverages advanced artificial intelligence scheduling technology to help users effortlessly convert cryptocurrencies such as XRP, BTC, ETH, and USDT into steady mining income—without any hardware investment or additional effort.

Three Easy Steps to Profit with XRP or BTC

  1. Sign Up — Visit https://topnotchcrypto.com or download the app, complete registration, and claim your $15 welcome bonus.
  2. Activate a Contract — Use XRP or BTC to launch a USD-denominated cloud mining contract.

Sample Popular Contracts:

[Free Contract]: Invest $15, term 1 day, daily return $0.60, maturity payout $15 + $0.60

[Trial Contract]: Invest $100, term 2 days, daily return $4, maturity payout $100 + $8

[Ebang Ebit E12+]: Invest $500, term 5 days, daily return $6.25, maturity payout $500 + $31.25

[WhatsMiner M30S++]: Invest $1,100, term 10 days, daily return $14.85, maturity payout $1,100 + $148.50

[Canaan Avalon Made A1466I]: Invest $10,000, term 30 days, daily return $165, maturity payout $10,000 + $4,950

[Mining Box-40ft-CE]: Invest $100,000, term 50 days, daily return $1,950, maturity payout $100,000 + $97,500

Click to view details of popular contracts.

  1. Enjoy Daily Earnings — The system automatically settles profits every day. Once your balance reaches $100, you can withdraw to your wallet. Your principal is fully returned at contract maturity.

Why Do Global Investors Choose It?

  • Easy to Start — No need to buy or maintain hardware, just sign up and you’re ready to go
  • Flexible Options — A wide range of contracts to fit every budget and schedule
  • Eco-Friendly — Powered 100% by solar, hydro, and wind energy
  • Secure & Reliable — Industry-leading encryption and wallet protection
  • Zero Upfront Cost — New users get a $15 bonus to start mining for free

From Market Volatility to Stable Cash Flow

Are you ready to turn your crypto assets into a sustainable cash flow? Visit the official Topnotch Crypto website today and join the global green cloud mining revolution, where BTC, ETH, and XRP generate real daily income for you.

Official Website: https://topnotchcrypto.com
Email: info@topnotchcrypto.com

Read more:
Beyond ETFs: New XRP Cloud Mining Contracts Help Beginners Earn $3,100 Per Day

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94% of XRP holders worldwide choose RICH Miner to convert XRP assets into stable returns https://bmmagazine.co.uk/newswire/94-of-xrp-holders-worldwide-choose-rich-miner-to-convert-xrp-assets-into-stable-returns/ https://bmmagazine.co.uk/newswire/94-of-xrp-holders-worldwide-choose-rich-miner-to-convert-xrp-assets-into-stable-returns/#respond Tue, 19 Aug 2025 23:34:02 +0000 https://bmmagazine.co.uk/?p=162557 Meme coins started as internet jokes but have turned into a real force in crypto. While some still see them as nothing more than social media-fueled gambles, others recognize a shift toward real-world applications.

August brought a wave of positive news for the cryptocurrency market. 94% of Ripple (XRP) holders are currently profitable, making XRP one of the most promising crypto assets of 2025.

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94% of XRP holders worldwide choose RICH Miner to convert XRP assets into stable returns

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Meme coins started as internet jokes but have turned into a real force in crypto. While some still see them as nothing more than social media-fueled gambles, others recognize a shift toward real-world applications.

August brought a wave of positive news for the cryptocurrency market. 94% of Ripple (XRP) holders are currently profitable, making XRP one of the most promising crypto assets of 2025.

As a key pillar of the global cross-border payment network, XRP not only offers advantages in practicality and liquidity, but also creates enormous wealth potential for investors.

Against this backdrop, RICH Miner officially launched its XRP-based cloud mining and profit conversion service, helping users convert their XRP holdings into a stable daily passive income.

Why choose XRP combined with cloud mining?

  • High Liquidity: XRP is widely traded on exchanges around the world and has a strong payment and settlement network.
  • Potential for Value Growth: Over 90% of holders have already profited, and market confidence in XRP continues to strengthen in the long term.
  • Stable Passive Income: RICH Miner combines cloud mining with a profit distribution mechanism, allowing users to not only enjoy asset appreciation but also earn daily returns.

How RICH Miner Cloud Mining Works:

Although traditional “mining” is no longer applicable to XRP, RICH Miner helps users convert XRP into stable daily returns through a cloud computing power + distributed revenue model:

  • Signup Bonus: New users receive a $15 trial credit upon registration, which can be used directly to experience XRP cloud mining contracts.
  • Flexible Contracts: The platform offers a variety of contract options, suitable for short-term trials or long-term profit planning.
  • Daily Settlement: Profits are automatically settled daily and can be withdrawn at any time by linking a wallet.
  • Transparency and Security: The platform uses SSL encryption and DDoS protection to ensure the safety of your funds and data.

Start earning passive income from XRP in three steps:

Create an account – Sign up for free and receive a $15 trial bonus.

② Select an XRP cloud mining plan – Choose a contract based on your investment goals.

Contract Type Contract Price Contract duration Daily income Total revenue
New User Experience Contract $100 2 $3 $100 + $6
Canaan Avalon A15XP $500 6 $6.00 $500 + $30
Bitdeer SealMiner A2 $1,000 12 $13.00 $1000+ $156
Bitmain Antminer L7 $3,000 18 $42.30 $3000+ $756
Bitmain Antminer S21 $5,000 25 $75.00 $5000+ $1875
Bitmain Antminer S21 XP Hyd $10,000 30 $162.00 $10000+ $4860

[Click here to view the full contract]

③ Enjoy daily returns – Returns are automatically calculated and distributed to your account daily.

RICH Miner Advantages:

  • Low Entry Points – No need to purchase mining equipment or incur maintenance costs.
  • High Transparency – Monitor daily returns in real time.
  • Global Trust – Used by users in over 100 countries and regions.
  • Environmentally Friendly and Energy-Saving – Relying on green energy data centers to reduce energy consumption.

Conclusion

With 94% of XRP holders now in profit, Ripple is becoming a new wealth generator for crypto investors. RICH Miner’s XRP cloud mining app not only provides investors with a stable passive income channel, but also opens a convenient entry point for global users to participate in blockchain finance.

Whether you’re a long-term XRP holder or a beginner looking to try low-barrier cloud mining, RICH Miner is the ideal platform for growing your wealth. Sign up now and start your journey to earning stable daily XRP income!

Official Website: https://richminer.com

Official Email: info@richminer.com

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94% of XRP holders worldwide choose RICH Miner to convert XRP assets into stable returns

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AI + Cloud Mining = Automatic Profit! Join BTC Miner Cloud Mining and Receive 0.00423 Bitcoin. https://bmmagazine.co.uk/newswire/ai-cloud-mining-automatic-profit-join-btc-miner-cloud-mining-and-receive-0-00423-bitcoin/ https://bmmagazine.co.uk/newswire/ai-cloud-mining-automatic-profit-join-btc-miner-cloud-mining-and-receive-0-00423-bitcoin/#respond Wed, 13 Aug 2025 23:12:49 +0000 https://bmmagazine.co.uk/?p=162355 In an era of rapidly advancing technology and changing financial landscapes, Central Bank Digital Currencies (CBDCs) have emerged as a potential game-changer.

Amidst global economic volatility and rising inflationary pressures, more and more investors are seeking a safe, stable, and sustainable passive income source.

Read more:
AI + Cloud Mining = Automatic Profit! Join BTC Miner Cloud Mining and Receive 0.00423 Bitcoin.

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In an era of rapidly advancing technology and changing financial landscapes, Central Bank Digital Currencies (CBDCs) have emerged as a potential game-changer.

Amidst global economic volatility and rising inflationary pressures, more and more investors are seeking a safe, stable, and sustainable passive income source.

In 2025, the combination of AI (artificial intelligence) and cloud mining is disrupting traditional cryptocurrency investment models, and BTC Miner, a UK-based industry leader, is at the forefront of this trend.

AI-Powered Intelligent Computing Power Allocation

Traditional mining requires high hardware investment and technical maintenance. BTC Miner’s cloud mining platform incorporates an AI-powered intelligent scheduling system that automatically allocates computing power to the optimal mining strategy based on market difficulty and price fluctuations, significantly improving profit stability. Simply register and purchase a contract to let the AI work for you and automatically earn money.

No Equipment or Technology Required, Fully Automated

Investors don’t need to purchase mining machines or possess any blockchain technical background with BTC Miner, Simply log in to your account via mobile or computer, and the AI system will run 24/7 in the background, automatically settling profits daily and instantly crediting your account, truly enabling you to “earn while you sleep.”

Principal and interest guaranteed contracts lock in stable returns.

To meet the needs of conservative investors, BTC Miner offers principal and interest locked contracts, which are unaffected by cryptocurrency market fluctuations. The platform supports deposits and withdrawals in multiple currencies, including BTC, XRP, and USDT, ensuring investment flexibility and capital security.

Green Energy and Sustainable Development

BTC Miner uses renewable energy to power its mining farms, reducing carbon emissions and ensuring a stable supply of computing power while maintaining environmental responsibility.

Join BTC Miner and receive 0.00423 Bitcoin, worth $500.

Register on the official website by filling in your email address → https://btcminer.net

Choose a contract, place an order with one click, and have the AI system automatically settle your profits 24/7.

All contracts on the platform guarantee principal and interest, with profits settled daily. The dashboard allows real-time viewing and withdrawals.

Flexible contracts meet the needs of various investors, with 7-30 day contracts being the most popular.

BTC Miner contract display, click here to view more contract content

On the BTC Miner platform, you can also create your own consortium by sharing your personal invitation link on social media.

A BTC Miner spokesperson stated: The combination of AI and cloud mining makes passive income possible. Our goal is to enable every investor to enjoy the same stable mining returns as institutions.

In the AI-driven cloud mining era, wealth accumulation no longer requires constant market monitoring or technical operations. Automation, green technology, and stability are becoming new trends. In the future digital economy, BTC Miner is more than just a mining platform; it’s your bridge to financial freedom and sustainable growth.

Now is the golden age to join AI mining.

Official Website: https://btcminer.net

Official Email: info@btcminer.net

Company Address: 17 Whitworth Drive, Randlay, Telford, Shropshire

Postal Code: TF3 2NN

Media: Kevin Byers

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AI + Cloud Mining = Automatic Profit! Join BTC Miner Cloud Mining and Receive 0.00423 Bitcoin.

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Earn Crypto Effortlessly on Autopilot: Discover the Groundbreaking Revolution of Invro Mining https://bmmagazine.co.uk/newswire/earn-crypto-effortlessly-on-autopilot-discover-the-groundbreaking-revolution-of-invro-mining/ https://bmmagazine.co.uk/newswire/earn-crypto-effortlessly-on-autopilot-discover-the-groundbreaking-revolution-of-invro-mining/#respond Tue, 12 Aug 2025 23:17:25 +0000 https://bmmagazine.co.uk/?p=162302 Сrypto cards have emerged as a fascinating bridge between the futuristic realm of cryptocurrencies and our everyday lives. But these cards are far more than just a way to spend your Bitcoin on a cup of coffee.

The world of cryptocurrency has always been synonymous with innovation, and Invro Mining is just one of the most recent advancements that are revolutionizing the way people earn digital assets.

Read more:
Earn Crypto Effortlessly on Autopilot: Discover the Groundbreaking Revolution of Invro Mining

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Сrypto cards have emerged as a fascinating bridge between the futuristic realm of cryptocurrencies and our everyday lives. But these cards are far more than just a way to spend your Bitcoin on a cup of coffee.

The world of cryptocurrency has always been synonymous with innovation, and Invro Mining is just one of the most recent advancements that are revolutionizing the way people earn digital assets.

Save your money from mining rigs, electricity bills and software setups with the new Invro Mining platform that offers users the ability to mine cryptocurrency with the push of a button and totally on autopilot. It does not matter whether you are an experienced crypto investor, or you have never heard of cryptocurrency before, Invro Mining provides everybody a unique, versatile, safe and highly profitable way of getting digital currency with no experience required and no manual work required 24 hours a day!

What Makes Invro Mining Different

Unlike traditional mining, which requires huge hardware costs as well as maintenance, Invro Mining uses cloud technology. All mining is done in the cloud by high-end remote servers, meaning all you have to do is collect profits without worrying about electricity, noise, heat, or breakages.

The platform has been built with utmost simplicity. You don’t need to be a miner, In fact you don’t need to have even mined before you can get started. The obvious clean dashboard, clear statistics, and automated earnings system allow anybody to quite easily start and earn money within just a few moments. The combination of automated earnings and simple design is what makes Invro Mining different from other players in today’s competitive crypto marketplace.

Getting Started: Quick and Easy Setup

Getting started with Invro Mining is very easy! First of all, visit the official site invromining.com and create an account, and it will take less than two minutes to register with just a few personal pieces of information.

As soon as your account is activated, you’ll receive an instructional $15 sign-up bonus which allows you to start mining right away without using your own money. Next, you can select a mining plan that fits your budget as well as your planned earning goals. Once the mining plan is activated, the process runs automatically in the background—no hardware or software install required.

Multiple Ways to Earn More

Invro Mining provides several income opportunities to maximize your returns:

  • Sign-Up Bonus – A $15 bonus for all new users, perfect for testing the platform risk-free.
  • Daily Check-In Rewards – Earn $0.60 every day just by logging in.
  • Referral Program – Invite others to join and earn up to 5% commission on their deposits.

These rewards make it possible to grow your crypto balance faster, even if you start with a small investment.

Flexible Mining Contracts for All Budgets

Invro Mining recognizes and respects the fact that investors have their own needs and goals in regard to their finances. This is why they offer a variety of contracts for you to choose from. There are small starter packages for those just getting started and wanting to test the waters; there are advanced and premium packages where the returns exponentially increase for serious investors.

What this means is that you can begin with a small investment and upgrade at any time as you gain more trust and experience in your catalyzing miner. You can build up your mining power over time without taking big risk as a day one investor.

Transparency and Security You Can Trust

One of the greatest fears in the cryptocurrency space is trust. Invro Mining does this by being completely transparent with your mining rewards. You will be able to see your mining activity and its earnings live on your dashboard – you will always know how much you’ve earned.

Also, security is paramount. Invro mining has strict and secure payment gateways along with advanced encryption protocols and account protections in place to ensure your funds and identity are always safe. The emphasis on both transparency and security has gained Invro Mining a loyal user-base and a growing number of users from around the world.

Why Autopilot Mining is the Future

Mining on autopilot is not simply a luxury—it’s a more intelligent, environmentally friendly way to earn cryptocurrency. Mining has always required fire, effort, technical skills, and money; without the human element, undertaking any of these square challenges becomes limited to the technical operational costs associated with the applicable machine or mining program. Cloud based on autopilot means there are no technological maintenance hassles for you, the miners reside in a far-flung land, who knows who lives there? It affords any individual the opportunity to earn a digital asset without supervision or technical know-how.

This hands free framework on autopilot provides a cost saving, time saving, guaranteed income stream that persists—no matter what your external circumstance is. To remain consistent, the hope would be to receive automatic payments daily, weekly or monthly, no matter what you might be doing at that time (working, traveling, or sauntering off to bed).

Why You Should Join Now

The sooner you take advantage of mining, the faster you can take advantage of the growth potential available in crypto assets. When you consider Invro Mining’s combination of bonuses, flexible contracts, and automated mining, it has never been easier! With a simple and quick setup, you can begin mining  in minutes. The best part – you earn income every day from your mining, and you can easily enhance that over time, as well.

Final Thoughts

Invro Mining represents a huge leap forward in the ability for users to generate income through cryptocurrency. Invro Mining eliminates the technical and financial burden of traditional mining, creating a platform that allows everyone the opportunity to all participate in this lucrative market. With secure operations, transparent earnings, and many ways to increase your earnings, Invro Mining provides real value to new and experienced crypto users alike.

If you are looking to begin to earn cryptocurrency easily and securely, Invro Mining is your vehicle to a very passive income stream. Join today, collect your $15 bonus, and get started on earning automated crypto profits.

Website: https://invromining.com/

Email: info@invromining.com

Read more:
Earn Crypto Effortlessly on Autopilot: Discover the Groundbreaking Revolution of Invro Mining

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Smarter mining, more stable returns: RICH Miner launches convenient cloud mining app supporting XRP and BTC https://bmmagazine.co.uk/newswire/smarter-mining-more-stable-returns-rich-miner-launches-convenient-cloud-mining-app-supporting-xrp-and-btc/ https://bmmagazine.co.uk/newswire/smarter-mining-more-stable-returns-rich-miner-launches-convenient-cloud-mining-app-supporting-xrp-and-btc/#respond Sat, 09 Aug 2025 02:59:43 +0000 https://bmmagazine.co.uk/?p=162147 One of the most common questions people ask when they first hear about forex trading is, "How long does it take to learn this stuff?"

To meet user demand for an intelligent, mobile mining experience, RICH Miner has officially launched a new cloud mining mobile app, fully supporting stable daily mining of XRP and Bitcoin (BTC).

Read more:
Smarter mining, more stable returns: RICH Miner launches convenient cloud mining app supporting XRP and BTC

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One of the most common questions people ask when they first hear about forex trading is, "How long does it take to learn this stuff?"

To meet user demand for an intelligent, mobile mining experience, RICH Miner has officially launched a new cloud mining mobile app, fully supporting stable daily mining of XRP and Bitcoin (BTC).

With just a mobile phone, you can start an efficient and secure cloud mining journey anytime, anywhere, truly realizing the promise of “earning money while you’re at it.”

No equipment, no barriers to entry, a truly mobile cloud mining experience.

The new platform is equipped with an AI-powered scheduling system and connected to a green energy-powered data center, ensuring efficient energy conservation while ensuring continuous mining performance and maximizing user returns. Users simply register an account and select a suitable mining contract to start earning daily returns immediately.

How do we ensure the stability and security of users’ daily returns? RICH Miner ensures stable platform operation and user asset security through the following five core mechanisms:

24/7 technical support and stable system operation

The platform offers 24/7 professional technical support to ensure high platform availability, uninterrupted cloud mining services, and stable returns.

USD-denominated contracts to protect against price fluctuations

All mining contracts are denominated in USD, effectively hedging against volatile cryptocurrency prices and ensuring stable purchasing power for user earnings.

Green Energy and AI-powered Computing Power Scheduling

The platform utilizes 100% renewable energy and dynamically optimizes computing power allocation using AI algorithms, ensuring energy conservation and environmental protection while maximizing mining efficiency.

Automatic Settlement and Flexible Withdrawal Mechanism

Users’ daily earnings are automatically deposited into their accounts and can be withdrawn or reinvested at any time, supporting multi-currency withdrawals.

How can you start mining with your phone? No hardware required.

RICH Miner completely eliminates the technical barriers required for traditional mining. Start an efficient and secure mobile cloud mining experience in just four steps:

Register an account

Register with your email address in seconds, no tedious identity verification required.

Choose a mining plan

Flexibly choose contract plans with different terms and returns based on your budget and goals.

Deposit and purchase contracts

Deposit and purchase contracts using mainstream currencies such as BTC, ETH, XRP, or USDT.

Start mining immediately

Once you purchase a contract, the system automatically starts mining, eliminating the need for manual operation or equipment maintenance.

Popular contract packages and profit examples

RICH Miner offers a variety of flexible mining plans to meet the needs of different investors:

Contract Type Contract Price Contract duration Daily income Total revenue
New User Experience Contract $100 2 $3 $100 + $6
Canaan Avalon A15XP $500 6 $6.00 $500 + $30
Bitdeer SealMiner A2 $1,000 12 $13.00 $1000+ $156
Bitmain Antminer L7 $3,000 18 $42.30 $3000+ $756
Bitmain Antminer S21 $5,000 25 $75.00 $5000+ $1875
Bitmain Antminer S21 XP Hyd $10,000 30 $162.00 $10000+ $4860

Visit the RICH Miner official website to learn more about transparent, stable, and sustainable profit plans.

RICH Miner rides the wave of compliance in the post-GENIUS Act era

Since the introduction of the GENIUS Act, global regulation of the crypto industry has continued to strengthen. With its compliance credentials and transparent operational mechanisms, RICH Miner has become one of the few cloud mining platforms in the market capable of operating reliably under the new regulatory framework, providing users with a legal, low-risk path to digital asset appreciation.

Conclusion:

With the launch of the RICH Miner mobile app, mining is no longer complicated, requiring expensive equipment or technical skills. With this convenient and intelligent mining tool, you can easily participate in the daily income plan for XRP and BTC and seize every opportunity for digital asset appreciation.

Join RICH Miner now and start your passive income journey with your mobile phone. Mining is easier, your returns are more stable, and your future is more promising.

Official Website: https://richminer.com

Customer Support: info@richminer.com

Don’t just hold cryptocurrency; use RICH Miner to make it earn money for you every day.

Welcome to the new era of intelligent cloud mining!

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Smarter mining, more stable returns: RICH Miner launches convenient cloud mining app supporting XRP and BTC

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Mining rewards of $5,735, OurCryptoMiner launches new cloud mining contracts supporting XRP https://bmmagazine.co.uk/newswire/mining-rewards-of-5735-ourcryptominer-launches-new-cloud-mining-contracts-supporting-xrp/ https://bmmagazine.co.uk/newswire/mining-rewards-of-5735-ourcryptominer-launches-new-cloud-mining-contracts-supporting-xrp/#respond Sun, 20 Jul 2025 23:14:33 +0000 https://bmmagazine.co.uk/?p=161396 Meme coins started as internet jokes but have turned into a real force in crypto. While some still see them as nothing more than social media-fueled gambles, others recognize a shift toward real-world applications.

OurCryptoMiner, the world's leading cryptocurrency cloud mining platform, today announced the launch of a new stable income cloud mining contract based on XRP settlement technology.

Read more:
Mining rewards of $5,735, OurCryptoMiner launches new cloud mining contracts supporting XRP

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Meme coins started as internet jokes but have turned into a real force in crypto. While some still see them as nothing more than social media-fueled gambles, others recognize a shift toward real-world applications.

OurCryptoMiner, the world’s leading cryptocurrency cloud mining platform, today announced the launch of a new stable income cloud mining contract based on XRP settlement technology.

This upgrade not only greatly improves transaction speed and security, but also achieves a fixed net income of up to $5,735, providing global users with a more efficient, convenient and environmentally friendly way to earn cryptocurrency.

New XRP cloud mining contract: stable, efficient, and instant payment

OurCryptoMiner CEO said: “Our goal is to eliminate the cumbersome steps in the mining process and achieve second-level settlement. With the powerful cross-chain payment capabilities of the XRP network, users can complete the process from starting the contract to receiving the income in just 30 to 60 seconds.”

The new generation of XRP contracts has the following highlights:

High income guarantee: multiple contracts from $100 to $27,000 provide fixed income. Taking the $10,000 Bitmain Antminer S23 XP+ Hyd package as an example, a net profit of $5,735 can be obtained at the end of the contract.

Ultra-fast settlement experience: daily profits are automatically credited to the account the next day, and you can withdraw cash when the account reaches $100.

Newbie-friendly mechanism: Sign up and get $12, and with daily sign-in, you can get a stable profit of $0.6.

Compliance and safe operation: The platform uses military-grade data encryption and global server deployment to ensure the security of accounts and assets.

100% green energy drive: fully adopt clean energy mining, meet carbon neutrality standards, and achieve sustainable income.

Empowering cloud mining ecosystem upgrades through XRP

OurCryptoMiner uses RippleNet’s underlying technology to optimize transaction speed and cost efficiency, which is different from the traditional mining process that relies on block confirmation, and realizes a truly “second-to-account” on-chain settlement experience. This innovation also brings unprecedented capital flow efficiency to global users.

Rich contract selection to meet different investment needs

OurCryptoMiner provides flexible contract combinations to suit different risk preferences:

New User Experience Contract          $100      2day      $100+$8

Canaan Avalon Miner 1466                 $1200   12day      $1200+$190.08

Canaan Avalon A15XP                        $3500   25day      $3500+$1216.25

Bitmain Antminer S23 Immersion      $7900   32day      $7900+$3665.6

Bitmain Antminer S21 XP+ Hyd          $10000  37day      $10000+$5735

Avalon Air Cooling Mining Box-40ft   $27000  45day      $27000+$21748.5

For more contract details and customization options, please visit the official platform: http://ourcryptominer.com

Safe, transparent, green and compliant

OurCryptoMiner always puts user asset security and compliance first. The platform adopts advanced risk control system and transparent mining data display mechanism to ensure that users can “see, control and cash”. In addition, all mining facilities are powered by 100% renewable energy, helping to build a sustainable blockchain financial ecosystem.

Start your cloud mining journey now

As the crypto market continues to heat up, OurCryptoMiner is helping users cross the technical threshold in a smarter way and easily obtain stable income.

Register now, receive a $12 start-up bonus, and experience the road to mining wealth that truly belongs to you.

Official website: http://ourcryptominer.com

Official email: info@ourcryptominer.com

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Mining rewards of $5,735, OurCryptoMiner launches new cloud mining contracts supporting XRP

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Turn Your XRP and DOGE into $3,200 Daily Using DOT Miners https://bmmagazine.co.uk/newswire/turn-your-xrp-and-doge-into-3200-daily-using-dot-miners/ https://bmmagazine.co.uk/newswire/turn-your-xrp-and-doge-into-3200-daily-using-dot-miners/#respond Thu, 17 Jul 2025 23:50:33 +0000 https://bmmagazine.co.uk/?p=161314 Meme coins started as internet jokes but have turned into a real force in crypto. While some still see them as nothing more than social media-fueled gambles, others recognize a shift toward real-world applications.

This week, XRP finally succeeded in breaking through the key neckline of $2.65, taking a decisive step after the "cup-handle pattern" was completed.

Read more:
Turn Your XRP and DOGE into $3,200 Daily Using DOT Miners

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Meme coins started as internet jokes but have turned into a real force in crypto. While some still see them as nothing more than social media-fueled gambles, others recognize a shift toward real-world applications.

This week, XRP finally succeeded in breaking through the key neckline of $2.65, taking a decisive step after the “cup-handle pattern” was completed.

This technological breakthrough not only ignited market sentiment, but also attracted a large amount of capital inflows. At the same time, DOGE, as a popular currency in the crypto market, also recorded a steady rise. In the face of this round of capital and user enthusiasm, the cloud mining platform DOT Miners announced that it will simultaneously open high-yield cloud mining channels for XRP and DOGE, providing a new option for holders to make profits without trading.

According to the platform, users only need to transfer their XRP or DOGE to the platform to access its high-performance computing system based on the Polkadot network, with an average daily income of up to $3,200, without the need for hardware equipment. The channel is designed to “charge and mine”, automatically settle returns daily, and support withdrawals at any time.

A spokesperson for DOT Miners said that the launch was a positive response to the market and provided a new way for investors who are bullish on XRP and DOGE to “profit while holding coins”: “The rising market is worth celebrating, but what is even more worthwhile is that when your assets are not moving, they can also generate value for you every day.”

How to earn passive income with DOT Miners?

It only takes three steps to easily start mining:

Register an account: Register now and enjoy $15 mining rewards without any threshold.

Choose a contract: The platform offers a variety of mining contracts to suit different budgets and return requirements:

Novice Miner

Investment: $100 | Cycle: 2 days | Daily income: $3.5 | Expiration income: $100+$7

Starter Miner

Investment: $500 | Cycle: 7 days | Daily income: $6 | Expiration income: $500+$42

Pro Miner

Investment: $3,100 | Cycle: 20 days | Daily income: $42.47 | Expiration income: $3,100+$849.4

Pro Miner

Investment: $5,100 | Cycle: 33 days | Daily income: $74.46 | Expiration income: $5,100+$2457.18

Prime Miner

Investment: $10,000 | Period: 40 days | Daily income: $155 | Expiration income: $10,000+$6200

Prime Miner

Investment: $28000 | Period: 45 days | Daily income: $498.4 | Expiration income: $28,000+$22428

  • Quantum Miner

Investment: $150,000 | Period: 45 days | Daily income: $3000 | Expiration income: $150,000+$135000

Enjoy the benefits: Automatically settle benefits every 24 hours, check details at any time, return principal when the contract expires, and get stable returns without any operation.

Why choose DOT Miners?

Global compliance operation: The platform is registered in the UK, complies with financial regulatory laws and regulations, all processes are transparent and open, and support audits.

Zero threshold to get started: You can easily start without a mining machine or technical knowledge, and you can start the contract with just a few clicks.

Green energy support: The data centers are located in Northern Europe and Africa, using 100% renewable energy, which is environmentally friendly and stable.

Multi-currency payment: Supports mainstream cryptocurrencies such as USDC,USDT, BTC, ETH, BNB, LTC, XRP, SOL, etc., with flexible and convenient recharge.

Endorsed by large enterprises: Mining giant “Bitmain” has made strategic investments, and the platform is strong and has a steady development.

Advanced security: Cloudflare protection, EV SSL encryption, and multi-factor authentication are used to protect your assets in all aspects.

Referral reward program: Invite friends to register and purchase contracts to get a permanent rebate of 4.5% of their investment amount. The more referrals, the more you earn.

About DOT Miners

DOT Miners is a technology investment company headquartered in the UK, focusing on Bitcoin cloud mining services. The platform has provided services to users in more than 100 countries around the world, and is committed to promoting the popularization of blockchain infrastructure through technological and financial innovation.

We are also actively involved in public welfare, supporting global financial education and digital inclusion projects, and helping more people understand and access the crypto world.

Learn more: www.dotminers.com

Read more:
Turn Your XRP and DOGE into $3,200 Daily Using DOT Miners

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How BTC,XRP Holders Quickly Earn $5,770 a Day Through Crypto Mining Firm https://bmmagazine.co.uk/newswire/how-btc%ef%bc%8cxrp-holders-quickly-earn-5770-a-day-through-crypto-mining-firm/ https://bmmagazine.co.uk/newswire/how-btc%ef%bc%8cxrp-holders-quickly-earn-5770-a-day-through-crypto-mining-firm/#respond Mon, 23 Jun 2025 23:12:08 +0000 https://bmmagazine.co.uk/?p=160296 As cryptocurrency continues to gain popularity, businesses across the UK are increasingly adopting digital assets as a means of meeting market demand.

In the fast-paced world of cryptocurrency, simplicity and profitability are crucial. Cloud mining offers an interesting alternative for newbies looking to earn a steady income with ease.

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How BTC,XRP Holders Quickly Earn $5,770 a Day Through Crypto Mining Firm

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As cryptocurrency continues to gain popularity, businesses across the UK are increasingly adopting digital assets as a means of meeting market demand.

In the fast-paced world of cryptocurrency, simplicity and profitability are crucial. Cloud mining offers an interesting alternative for newbies looking to earn a steady income with ease.

To further understand the concept of cloud mining, we’re going to use the CRYPTOMININGFIRM mining platform to help you start your journey to earning $5770 or more per day.

After taking office, US President Trump set five cryptocurrencies, including Bitcoin (BTC), Ripple (XRP), and Solana (SOL), as strategic reserves, which means that the era of encryption has arrived. At the same time, cryptocurrencies have quietly become the preferred asset reserve for investment. As Robinhood, the world’s leading commission-free trading platform, continues to expand its cryptocurrency services, millions of users are trading Bitcoin (BTC), Ethereum (ETH), Dogecoin (DOGE) and Ripple (XRP) in an unprecedented and convenient way. As a platform that actively responds to this trend, CRYPTOMININGFIRM, a world-renowned cloud mining service provider, announced today that it has fully optimized its platform to provide Robinhood and the majority of cryptocurrency investors with a seamless “one-click mining” solution – users do not need to buy expensive mining machines or manage complex facilities, they can share cloud computing power, obtain Bitcoin income at a lower cost and higher efficiency, and truly realize the “trading and mining dual-track parallel” encryption asset allocation strategy.

What is CRYPTOMININGFIRM Mining

CRYPTOMININGFIRM is a leading global integrated mining and mining service provider, providing customers with one-stop solutions such as cloud mining. CRYPTOMININGFIRM is committed to building a secure, compliant, and transparent blockchain infrastructure, providing a variety of stable and intelligent computing power service solutions to global customers.

CRYPTOMININGFIRM Mining is the mining of cryptocurrency from a remote data center without the need to own or maintain mining hardware. It differs from traditional mining where individuals or companies must purchase and operate their own equipment.

Superior Security: Protect your assets by working with AIG Insurance and SSL encryption. Click to download the official app.

SUSTAINABLE MINING: Using renewable energy in every operation is an ecological choice.

On this platform, customers can choose different mining machine packages to earn income. After the payment is confirmed, CRYPTOMININGFIRM will provide computing power to the mining pool, and the mining pool will transfer the income directly to the customer’s account. CRYPTOMININGFIRM will be responsible for providing computing power to the mining pool according to customer needs, which means that customers do not need to purchase mining machines by themselves. CRYPTOMININGFIRM has the world’s largest mining pool and the most advanced miner management team, and is committed to providing customers with secure and stable cloud computing services.

Security and Sustainability

In the world of mining, trust and security are of paramount importance. CRYPTOMININGFIRM understands this and puts user safety first. CRYPTOMININGFIRM is committed to transparent and legal operations, ensuring that your investment is protected, allowing you to focus on profitability. All mines use clean energy, making cloud mining carbon neutral. Renewable energy protects the environment from pollution and brings rich returns, allowing every investor to enjoy investment opportunities and benefits.

Platform advantages:

⦁Get random bonuses ranging from $10 to $100 when you sign up.

⦁High profit levels and daily payouts.

⦁No other service fees or management fees.

⦁The platform uses more than 9 cryptocurrencies for settlement, such as USDT-TRC20, BTC, ETH, LTC, USDC, BNB, USDT-ERC20, BCH, DOGE, SOL (Solana), XRP.

⦁The company’s affiliate program allows you to refer friends and get up to $3,000 in referral bonuses.

⦁McAfee® security. Cloudflare® security. 100% uptime guarantee and excellent 24/7 all-weather human technical online support.

How to get started:

Step 1: Sign Up for an Account

It takes less than a minute to create your free account and get a $10-$100 welcome bonus that will enable you to earn $0.6 per day for free with your initial deposit.

Step 2: Choose a Plan

We offer a variety of profitable mining programs to meet your financial goals. Whether you’re looking for short-term gains or long-term returns, CRYPTOMININGFIRM can meet your needs.

Step 3: Start making money

You can easily control the growth of income without any management. Daily income will be automatically deposited into your account, and you can also withdraw the income to your cryptocurrency wallet address.

Investment Guide

Get a stable daily passive income by participating in the following contracts:

⦁ Classic contract: investment amount: $100, total net profit: $100 + $8.

⦁ Classic contract: investment amount: $360, total net profit: $360 + 32.76 USD.

⦁ Classic contract: Investment amount: $4,900, total net profit: $4,900 + $1,746.85.

⦁ Classic Contract: Investment amount: $7,600, total net profit: $7,600 + $2,971.

⦁ Premium Contract: Investment amount: $10,800, total net profit: $10,000 + $5,594.4.

⦁ Super Contract: Investment amount: $49,000, total net profit: $49,000 + $53,165.

After purchasing a contract, the earnings will be automatically credited to your account on the following day. When the account balance reaches $100, you can choose to withdraw to your digital currency wallet, or continue to buy contracts to get more income.

(The platform has launched a variety of stable income contracts, which can be viewed on the official website (The platform has launched a variety of stable income contracts, which can be viewed on the official website cryptominingfirm.com).

Everything is safe and transparent – official operation, control your financial freedom anytime, anywhere, one click to download the official APP, support Apple, Android cell phone APP application.

(Click to download mobile APP)

In a nutshell

If you’re looking for ways to increase your passive income, cloud mining is an excellent option. If used correctly, these opportunities can help you increase your cryptocurrency wealth on “autopilot” with minimal time investment. At the very least, they should be less time consuming than any type of active trading. Passive income is the goal of every investor and trader, and with CRYPTOMININGFIRM, maximizing your passive income potential has never been easier.

If you would like to learn more about CRYPTOMININGFIRM, please visit its official website: https://cryptominingfirm.com/

Read more:
How BTC,XRP Holders Quickly Earn $5,770 a Day Through Crypto Mining Firm

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How to Start Cloud Mining in 2025: Beginner’s Guide + Best Platforms for Free Passive Crypto Income https://bmmagazine.co.uk/newswire/how-to-start-cloud-mining-in-2025-beginners-guide-best-platforms-for-free-passive-crypto-income/ https://bmmagazine.co.uk/newswire/how-to-start-cloud-mining-in-2025-beginners-guide-best-platforms-for-free-passive-crypto-income/#respond Thu, 22 May 2025 01:00:07 +0000 https://bmmagazine.co.uk/?p=158870 In an era of rapidly advancing technology and changing financial landscapes, Central Bank Digital Currencies (CBDCs) have emerged as a potential game-changer.

With Bitcoin prices continuing to rise in 2025, “how to start cloud mining” has become a hot topic among new investors. Compared to traditional mining, cloud mining is much more beginner-friendly — no need to buy expensive hardware, set up power systems, or even have technical experience.

Read more:
How to Start Cloud Mining in 2025: Beginner’s Guide + Best Platforms for Free Passive Crypto Income

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In an era of rapidly advancing technology and changing financial landscapes, Central Bank Digital Currencies (CBDCs) have emerged as a potential game-changer.

With Bitcoin prices continuing to rise in 2025, “how to start cloud mining” has become a hot topic among new investors. Compared to traditional mining, cloud mining is much more beginner-friendly — no need to buy expensive hardware, set up power systems, or even have technical experience.

All you need is to choose a reliable platform and purchase a mining contract to start earning daily passive crypto income.

If you’re looking for the easiest way to earn passive income in 2025, this “cloud mining beginner’s guide” will help you quickly understand:

What is Cloud Mining? And Who Is It For?

Users cat rent mining power (hashrate) using Cloud mining from data centers that host specialized mining hardware. Instead of running a miner at home, users purchase contracts online and receive cryptocurrency rewards daily.

Cloud mining is ideal for:

Beginners who want low-cost entry into crypto mining

Busy professionals with no time or knowledge to manage mining machines

Crypto enthusiasts looking to earn passive income with small investments

Why Cloud Mining Is One of the Best Passive Crypto Income Strategies in 2025

Compared to trading or DeFi staking, cloud mining is more stable and predictable. It’s perfect for those who prefer holding and earning without constant market monitoring.

Key advantages:

No need for mining hardware or maintenance

Daily payouts directly to your wallet

Predictable ROI, perfect for reinvestment strategies

Support for multiple cryptocurrencies: BTC, ETH, DOGE, LTC, and more

How to Start Cloud Mining: Choose MiningCoop as Your First Platform

Among many cloud mining platforms, MiningCoop stands out as one of the best choices for beginners. Founded in 2018 and headquartered in London, UK, MiningCoop is known for its transparent operations, user-friendly interface, and stable daily returns.

Why MiningCoop is great for beginners:

  • Free $100 mining trial for all new users — start without any investment
  • Flexible contracts from 1 to 5 days, ideal for testing and compounding
  • Multiple miner options available: Bitmain, Whatsminer, Goldshell, and more
  • Daily ROI up to 8.0%, higher than most crypto savings or staking plans
  • Multi-coin support: BTC, DOGE, ETH, LTC, and other major coins
  • Lucrative referral program with passive commission rewards

Example Starter Contracts:

Investment Duration Daily ROI Daily Earnings Total Return
$200 1 day 3.0% $6 $206
$1,100 3 days 2.8% $30.80 $1,192.40
$2,600 5 days 3.0% $78 $2,990

Simply sign up and claim your free trial balance to start your first passive crypto mining journey.

Visit Miningcoop.com now to start free cloud mining!

What to Keep in Mind Before Starting Cloud Mining

  • Even though cloud mining is beginner-friendly, here are some smart tips to help you start safely:
  • Start with small or free contracts to understand the platform
  • Choose daily payout contracts to monitor your returns quickly
  • Avoid platforms promising extreme returns like “double your money in 24 hours”
  • Check withdrawal rules and supported coins before committing
  • Choose transparent platforms like MiningCoop, which provide detailed contract info and support

Real Case: Using Cloud Mining to Stay Profitable in a Bear Market

In March 2025, while Bitcoin dropped over 9%, many users turned to alternative coins like Dogecoin (DOGE). One of them was Emily R., a freelancer from California, who purchased a $12,800 Bitcion contract for 7 days on MiningCoop — and earned $3,136 in passive income.

“I used to think only Bitcoin was worth mining, but MiningCoop’s Dogecoin contracts gave me steady returns every day. It’s simple to use, and my earnings arrive on time.” – Emily R.

This real-life example proves that even during market downturns, cloud mining via a reliable platform can remain a profitable way to earn crypto passively.

Final Thoughts: Cloud Mining Is the Perfect Starting Point for Crypto Passive Income in 2025

Cloud mining is no longer just for tech-savvy enthusiasts. With platforms like MiningCoop, anyone can now participate in cryptocurrency mining and build passive income streams — no hardware, no complexity, just steady crypto earnings.

If you’re looking for a low-risk, repeatable, and automated way to earn crypto in 2025, now is the perfect time to start. MiningCoop offers a free trial, flexible plans, and reliable payouts backed by top-tier mining hardware.

Sign up at MiningCoop.com, claim your $100 trial bonus, and start earning your first crypto income today!

Read more:
How to Start Cloud Mining in 2025: Beginner’s Guide + Best Platforms for Free Passive Crypto Income

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The overall situation has been determined. The hottest money-making industry in the future is to make $5,000 a day with cryptocurrencies https://bmmagazine.co.uk/business/the-overall-situation-has-been-determined-the-hottest-money-making-industry-in-the-future-is-to-make-5000-a-day-with-cryptocurrencies/ https://bmmagazine.co.uk/business/the-overall-situation-has-been-determined-the-hottest-money-making-industry-in-the-future-is-to-make-5000-a-day-with-cryptocurrencies/#respond Wed, 18 Dec 2024 00:59:38 +0000 https://bmmagazine.co.uk/?p=153060 Сrypto cards have emerged as a fascinating bridge between the futuristic realm of cryptocurrencies and our everyday lives. But these cards are far more than just a way to spend your Bitcoin on a cup of coffee.

Alex, a 31-year-old from Australia, had been working as a delivery driver for a local logistics company.

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The overall situation has been determined. The hottest money-making industry in the future is to make $5,000 a day with cryptocurrencies

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Сrypto cards have emerged as a fascinating bridge between the futuristic realm of cryptocurrencies and our everyday lives. But these cards are far more than just a way to spend your Bitcoin on a cup of coffee.

Alex, a 31-year-old from Australia, had been working as a delivery driver for a local logistics company.

Despite working long hours and navigating busy city traffic daily, Alex’s income barely covered his bills. He felt stuck, with little opportunity to improve his financial situation. However, Alex always had a keen interest in technology and finance, and he spent his spare time researching new opportunities in these fields.I went to their company for a field trip in 2019 and was impressed by its large scale, good service attitude, and delicious coffee. It was great.

Follow Telegram Channel

Follow Facebook

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Sign up now to participate in free cloud mining.

as the leading platform that will help you start earning $1000 per day or more.

One day, a friend mentioned the growing field of cryptocurrency mining and specifically introduced Alex to KSD Miner. Intrigued by the idea of passive income, Alex started reading more about cloud mining and how platforms like KSD Miner could help beginners get started without the need for expensive hardware or deep technical knowledge.

With a small amount saved up, Alex decided to take a calculated risk. He initially invested $50,000 into KSD Miner, attracted by the company’s focus on clean energy and ease of entry into the mining world. The initial investment paid off quicker than he expected; within just two months, Alex was able to recoup his initial investment. Encouraged by these results, he gradually increased his investments and continued to learn about the cryptocurrency market.

Fast forward three years, and Alex is now financially independent. Thanks to his smart investments in KSD Miner, he no longer worries about bills or financial constraints. Instead, he enjoys the freedom that comes from a steady passive income, allowing him to focus on what he loves—spending time with family, traveling, and exploring new hobbies.

How Does KSD Miner Work?

KSD Miner, as a promoter of cryptocurrency mining using clean energy, has gained significant attention in the digital currency field in recent years.

Bitcoin mining is a fundamental aspect of this field, involving specialized mining equipment with immense computational power to solve cryptographic challenges.

Offering rewards to miners, cloud mining allows users to participate in cryptocurrency mining by renting the computational power of remote servers, thereby avoiding the high costs associated with traditional mining equipment and electricity.

Why Choose KSD Miner?

KSD Miner utilizes clean energy to power its operations, drawing on renewable energy sources like wind, hydro, and solar to provide miners with a stable energy supply.

It also employs the latest ASIC mining machines and GPU equipment, combined with extensive experience and competitive mining technology in cloud operations.

Most of KSD Miner’s funds are securely stored in offline cold wallets. Strong security measures like McAfee® SECURE and Cloudflare® SECURE are also in place for protection.

KSD Miner’s mining team consists of blockchain industry professionals and IT engineers, ensuring the team has the necessary expertise to meet user needs.

Moreover, KSD Miner requires no personal hardware. It provides the computing power, and the platform handles the entire mining process. All you need to do is purchase a contract, sit back, and wait for your profits.

Lastly, KSD Miner offers a professional customer service team available 24/7 to answer any of your questions.

How to Use KSD Miner?

  1. Sign Up: Fill in the form and get ready to start mining in under than 1 minute.
  2. Choose Your Contracts: Choose one of the most profitable contracts and start cloud mining.
  3. Start Earning: Withdraw your mining income on a daily basis to your crypto wallet.

Select Mining Contract KSD Miner offers a variety of cloud mining contracts to get you started on your cryptocurrency mining journey with just one click. By purchasing one of our contracts, you can start earning a stable and reliable income without any of the traditional barriers of mining such as hardware costs or technical complexity.

What You Will Get As An Affiliate Partner?

Join our referral program (Partner Program) and earn up to 3% – 4.5% commission for life! Help your friends make money easily and benefit from our system. Share it with friends who want to make money, and they will thank you!

  • First, sign up for an account and get your own referral link/URL.
  • Next, invite new users by sharing your referral link via social media or your own website. You can advertise any way you like, and your referral link will always be active.

When new users sign up using your referral link, you will receive a 3% bonus based on their initial investment amount. Run your business like a boss and start making money today!

Project Name Amount Day Daily interest rate Total revenue
Daily Sign-in $10 1 0.6% $10.6
Experience Contract $100 2 4% $108
Classic Contract $500 7 1.30% $539
Classic Contract $3000 20 1.45% $3870
Advanced Contracts $5000 30 1.55% $7325
Advanced Contracts $10000 50 1.75% $19625

Why Partner with KSD Miner?

Partnering with KSD Miner not only allows you to earn commissions for referring new users, but it also helps to build a passive income stream. As your referrals continue to invest and grow, so does your commission.

KSD Miner’s affiliate program is a great opportunity for those looking to expand their income without any upfront costs or technical knowledge. With a professional team, cutting-edge technology, and reliable customer support, KSD Miner makes it easy to start earning from cryptocurrency mining today.

Benefits of Choosing KSD Miner
  • Zero Hardware Requirements: Forget about expensive mining rigs and technical setups. KSD Miner provides all the hardware and computing power needed.
  • Daily Payouts: Experience the convenience of receiving mining rewards every day. You can withdraw earnings to your crypto wallet without delay.
  • Clean Energy Mining: KSD Miner prides itself on its commitment to sustainability. Using renewable energy sources makes our mining operations environmentally friendly.
  • Professional Support: Our support team is available 24/7 to assist with any questions or issues that might arise, ensuring your mining journey is smooth and successful.
  • Flexible Contracts: We offer a variety of contracts that can be tailored to suit both beginners and experienced miners. Whether you want to start small or go big, KSD Miner has a contract that fits your goals.

With KSD Miner, anyone can get started with cryptocurrency mining without needing technical expertise. By combining advanced technology, green energy solutions, and comprehensive support, we make cloud mining accessible for everyone.

Ready to Start Your Journey? KSD Miner APP gives you the tools you need to start earning today. Join thousands of users worldwide who are benefiting from our reliable, eco-friendly mining solutions. Whether you are looking to make a little extra income or become a serious investor, KSD Miner has the platform, the technology, and the support to help you achieve your financial goals.

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The overall situation has been determined. The hottest money-making industry in the future is to make $5,000 a day with cryptocurrencies

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https://bmmagazine.co.uk/business/the-overall-situation-has-been-determined-the-hottest-money-making-industry-in-the-future-is-to-make-5000-a-day-with-cryptocurrencies/feed/ 0
Debunking Myths and Discovering the Benefits of UK Public Tenders https://bmmagazine.co.uk/newswire/debunking-myths-and-discovering-the-benefits-of-uk-public-tenders/ https://bmmagazine.co.uk/newswire/debunking-myths-and-discovering-the-benefits-of-uk-public-tenders/#respond Tue, 27 Jun 2023 00:11:46 +0000 https://bmmagazine.co.uk/?p=134104 Businessman,Working,On,Desk,Office,Business

Ah, public tenders – the mysterious world where companies large and small compete for lucrative contracts offered by the UK government.

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Debunking Myths and Discovering the Benefits of UK Public Tenders

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Businessman,Working,On,Desk,Office,Business

Ah, public tenders – the mysterious world where companies large and small compete for lucrative contracts offered by the UK government.

It can seem intimidating if you’re new to this arena, but fear not! We’re here to demystify the process, debunk common myths, and highlight the benefits of participating in bidding on UK public tenders. So, grab a cuppa, sit back, and let’s dive in!

The Current State of Public Tendering in the UK

Public tendering is alive and kicking in the UK, with the government spending billions of pounds on goods, works, and services each year. This means businesses have plenty of opportunities to secure a slice of this massive financial pie.

Key Benefits of Participating in UK Public Tenders

If you’re still on the fence about diving into the world of public tenders, consider these advantages:

Boost your revenue: With billions of pounds up for grabs, securing a government contract can significantly increase your company’s income.

Enhance your reputation: Winning a public tender can elevate your company’s status and credibility in the eyes of potential clients.

Gain valuable experience: Participating in the tendering process helps you refine your proposal-writing skills and learn the ins and outs of competing for contracts.

Expand your network: Working with government agencies can lead to long-lasting relationships and future business opportunities.

Now that we’ve covered the benefits let’s tackle those pesky myths.

Common Myths Surrounding UK Public Tenders

Myth #1: Only big businesses need to apply

Think you’re too small to compete? Think again! The UK government is committed to supporting small and medium-sized enterprises (SMEs). As industry expert Jane Smith once said, “Size doesn’t matter in public tendering – it’s all about showcasing your company’s unique strengths and capabilities.”

Myth #2: The tendering process is too complex and time-consuming

While the tendering process can be intricate, with the right approach and preparation, it’s entirely manageable. Plus, there are plenty of resources available to help you navigate the process, like the Mystery Solved: A Guide to Public Tenders in the UK eBook.

Myth #3: You need insider connections to win a contract

Contrary to popular belief, the tendering process is designed to be transparent and fair. The UK government adheres to strict regulations to ensure that contracts are awarded based on merit, not nepotism. So, even if your cousin’s best friend’s uncle works for the Ministry of Defence, it won’t give you an unfair advantage.

Real-World Examples: Success Stories from UK Public Tenders

To illustrate the potential of public tenders, let’s look at some real-world examples:

Company A: This small IT firm secured a multi-million-pound contract to upgrade the government’s outdated computer systems. The company’s innovative approach and cost-effective solution helped them beat out larger competitors.

Company B: A family-run catering business won a lucrative contract to provide school meals for a local authority, helping them expand their operations and create new jobs in the community.

Join the Public Tender Revolution!

So, are you ready to take the plunge into the world of UK public tenders? We hope this light-hearted guide has provided you with valuable insights and dispelled any lingering doubts.

 

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Debunking Myths and Discovering the Benefits of UK Public Tenders

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TikTok ousts Google to become favourite online destination https://bmmagazine.co.uk/newswire/tiktok-ousts-google-to-become-favourite-online-destination/ https://bmmagazine.co.uk/newswire/tiktok-ousts-google-to-become-favourite-online-destination/#respond Fri, 24 Dec 2021 11:43:05 +0000 https://bmmagazine.co.uk/?p=111785 tik tok

Move over Google, TikTok is the world's new most popular online destination.

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tik tok

Move over Google, TikTok is the world’s new most popular online destination.

The viral video app gets more hits than the American search engine, according to Cloudflare, an IT security company.

The rankings show that TikTok knocked Google off the top spot in February, March and June this year, and has held the number one position since August.

Last year Google was first, and a number of sites including TikTok, Amazon, Apple, Facebook, Microsoft and Netflix were all in the top 10.

Cloudfare said it tracks data using its tool Cloudflare Radar, which monitors web traffic.

It is believed one of the reasons for the surge in Tiktok’s popularity is because of the Covid pandemic, as lockdowns meant people were stuck at home and looking for entertainment.

By July this year, TikTok had been downloaded more than three billion times, according to data company Sensor Tower.

The social network, which is owned by a Chinese company called Bytedance, now has more than one billion active users across the world, and that number continues to grow.

In China, to comply with the country’s censorship rules, the app is called Douyin, and runs on a different network.

Douyin was originally released in September 2016. This year, China ruled that users under the age of 14 would be limited to 40 minutes a day on the platform.

Security concerns

TikTok was launched internationally in 2018, after merging with another Chinese social media service, Musical.ly, an app which allowed users to share videos of themselves lip-synching to songs.

The social media platform is no stranger to controversy. In 2019, it garnered a temporary ban in India, a US counter-intelligence investigation and a record £4.3m fine after Musical.ly was found to have knowingly hosted content published by under-age users.

As one of the only internationally successful Chinese apps, politicians and regulators outside China have raised concerns about security and privacy.

Last year TikTok was forced to deny it is controlled by the Chinese government.

Theo Bertram, TikTok’s head of public policy for Europe, the Middle East and Africa, said it would refuse any request from China to hand over data.

The app hosts a variety of short videos, covering genres such as comedy, dance and politics. The competition on TikTok has become so tense that it made getting noticed on the app harder by the day. Some businesses and individuals are even using these services to grow their Tiktok accounts.

In the UK, the most popular creator is make-up artist @abbyroberts with 17.4 million followers.

This year @Francis.Bourgeois, with 1.6 million followers, quit his job to become a full-time trainspotter as a result of his viral videos at railway stations talking about trains and cheering them as they pass.

Expanding

Food and recipe videos have become a key part of TikTok’s success, with viral clips getting millions of views.

As a result, in the US, a new food delivery service called TikTok Kitchen will launch in March, allowing people to order dishes originally created in viral videos.

The menu will be based on the app’s most viral food trends and will include courses like the baked feta pasta which was ranked the most searched dish of 2021 by Google.

TikTok Kitchen is being co-founded by Robert Earl, who owns the US food outlets Planet Hollywood, Buca di Beppo and Bertucci’s.

He said about 300 TikTok restaurants are planned across the country for the launch, with more than 1,000 expected by the end of 2022.

TikTok Kitchen will operate out of many of the restaurants belonging to the chains owned by Mr Earl.

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TikTok ousts Google to become favourite online destination

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Customs Crunch – How this startup plans to take the friction out of brexit https://bmmagazine.co.uk/newswire/customs-crunch-how-this-startup-plans-to-take-the-friction-out-of-brexit/ https://bmmagazine.co.uk/newswire/customs-crunch-how-this-startup-plans-to-take-the-friction-out-of-brexit/#comments Thu, 03 Dec 2020 00:15:32 +0000 https://bmmagazine.co.uk/?p=93533 Brexit chaos

The COVID-19 impact on global supply chains has meant that UK businesses could be forgiven for taking their eyes off the rapidly approaching hardball that is Brexit. Come January 2021, they’ll no longer have that option.

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Brexit chaos

The COVID-19 impact on global supply chains has meant that UK businesses could be forgiven for taking their eyes off the rapidly approaching hardball that is Brexit. Come January 2021, they’ll no longer have that option.

You can ignore Brexit, but you can’t ignore the consequences of ignoring Brexit.

And despite the UK government’s bluff and bluster, many businesses will be negatively affected simply by sheer weight of extra paperwork. Lord Agnew, one of the ministers responsible for Brexit preparedness said UK businesses still had their heads in the sand.

Who could blame them? The logistical landscape of the post-Brexit UK looks grim and they’ve had other, more pressing worries to contend with.

But the reality remains. UK customs processes are going to become trickier. And they weren’t in great shape to start with.

“UK customs clearance processes are already outdated, slow and opaque. Many consumers don’t actually realise that a significant portion of customs entries are processed by manual data entry” laments Sam Tyagi, founder and CEO of digital customs clearance platform, KlearNow.

Tyagi’s concerns come at a time when supply chain inefficiencies are in the spotlight; as well as Brexit, the recently approved Pfizer/BioNTech vaccine is another topic to have sharpened consumer awareness of how goods get into and out of the UK.

“While other essential supply chain processes have adapted and modernised, customs clearance has been slow to keep up. ‘Yesterday’s technology, tomorrow’ appears to be the motto.

“Brexit will compound this problem and make it harder and more expensive to clear goods at UK borders” warns Tyagi.

51-year-old Tyagi is originally from India and based in Santa Clara, California – at the heart of Silicon Valley – but for the past few years his mind has been firmly focused on less glamorous places like Dover, Felixstowe and Southampton and, more specifically, the customs processes currently in operation there.

KlearNow, founded in 2018, is the world’s first AI-driven, 100% digital customs clearance platform. Its mission is clear; to make global logistics simple and cost-effective.

As a customs clearance and document management platform built for importers, exporters, customs agents, brokers, freight forwarders and hauliers, KlearNow’s January 2021 launch could not have been timed better.

It’s already proving popular in the United States and Canada, but in those territories it’s very much seen as a business process improvement solution; a path to efficiency and cost reduction.

In a post-Brexit UK, it could be an absolute lifeline for businesses who import and export and for overworked logistics workers.

Klearnow
KlearNow provides end-to-end visibility for all stages of the customs clearance process.

As well its California HQ and site in Toronto, KlearNow has locations in Manchester, Madrid, and Rotterdam. It’s people are well placed geographically to understand the nuances and intricacies of post-Brexit trade.

In May 2020, the company raised $16 million in series A funding. On reporting the funding raise, tech website Techcrunch noted, in the context of COVID-19, the timeliness of a platform that gives workers in the import/export ecosystem access and visibility of the customs process without having to go into their office to print off reams of declarations and manually enter data. It can be done from anywhere, and more efficiently.

The need for remote access and work-from-home capabilities is the global commerce standard. Yet today’s customs clearance processes are still predominantly manual. The results are error-prone, leading to increased importer costs and supply chain delays.

When thinking about Brexit, this is obviously bad for UK businesses. When thinking about things like health, it’s potentially catastrophic.

“With the announcement that the UK has become the first country to approve the Pfizer/BioNTech vaccine and that it plans to have it ready for use next week, it’s understandable that many are now asking if this is actually feasible and how Brexit will affect the UK’s ability to rapidly import essential goods such as medicines in the near future’ explains Tyagi.

“The logistics industry as a whole has been urging the UK government to modernise and digitise its import processes to mitigate the inevitable delays caused by the UK’s exit from the European Union.”

It’s abundantly clear to Tyagi from his vantage point in California, and it’s abundantly clear to a significant slice of the UK business community, that whatever deal UK negotiators do or do not strike with their EU counterparts, the existing, inefficient customs processes are going to cause pain and cost money.

A solution that smoothes out that friction while providing visibility and opportunities for manpower and cost reduction would be welcome at any time. But given the many contours and sharp edges of doing global business after January 1st 2021, platforms like KlearNow will become an essential part of the exporter’s toolkit.

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Customs Crunch – How this startup plans to take the friction out of brexit

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EU stimulus package announced offers new confidence for investors https://bmmagazine.co.uk/newswire/eu-stimulus-package-announced-offers-new-confidence-for-investors/ https://bmmagazine.co.uk/newswire/eu-stimulus-package-announced-offers-new-confidence-for-investors/#comments Thu, 30 Jul 2020 09:41:30 +0000 https://www.bmmagazine.co.uk/?p=88342 Stock exchange

During the first quarter of 2020, global stocks plummeted as a result of Covid-19, with indexes such as the Dow Jones plunging to record lows on March 9th, March 12th and March 16th.

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EU stimulus package announced offers new confidence for investors

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Stock exchange

During the first quarter of 2020, global stocks plummeted as a result of Covid-19, with indexes such as the Dow Jones plunging to record lows on March 9th, March 12th and March 16th.

However, the equity market has shown its inherent resilience during Q2, with world shares recently rallying to their highest level since February and even the Euro hitting its strongest peak in 18 months last week.

These trends have largely been driven by the EU’s recently announced stimulus package, which followed five days of tense negotiation and agreed a defined plan of action to revive regional economies that have been ravaged by coronavirus. Not only is this a highly symbolic development, but it also offers renewed confidence for seasoned investors.

What’s Included in the Package?

There’s no doubt that stocks and the single currency have endured a volatile few days of late, with the continued threat posed by coronavirus being compounded by uncertainty over the potential stimulus package.

Ultimately, the EU’s member states agreed to an unprecedented 750 billion (£680.2 billion) stimulus package, with this representing the single most incredible act of solidarity in almost seven decades of European integration.

The package will be split into two relatively equal segments, including €390 billion in grants and a further €360 billion in low-interest loans.

These funds will also be disbursed gradually, with 70% allocated for 2021 and the remaining 30% set to be distributed in 2023 depending on the extent of the EU’s economic decline post-coronavirus.

On a similar note, the EU has also announced plans to dedicate a quarter of its budget to tackling climate change and invest an estimated $1.1 trillion into creating a greener economy. This is also great news for investors, as it increases the level of positive economic sentiment and encourages higher capital inflows across the globe.

How has the Market Reacted?

In addition to driving growth in European and global stocks, the single currency has also made gains since the stimulus package was announced.

The EUR/USD is performing particularly well at present, with Edward Moya from Oanda commenting that the greenback continues to get beat up as the EU recovery fund agreements drives a broad rally for typically risky (as opposed to relative safe haven) assets.

Of course, the trend is being compounded by the cautious approach of the Fed and the sustained impact of Covid-19 in the US, with the dollar also in freefall against commodity currencies across the globe.

On a similar note, crude prices have also started to surge after the deal was announced publicly, while the suggestion that the rate of Covid-19 infections in various US states may be about to peak and has also seen an increase in global oil demand.

Oil is tentatively breaking out of its narrow trading range, despite the lack of a strong catalyst for WTI crude to break above the coveted $45 level.

According to the most recent figures, WTI Crude peaked at $41.26 a barrel towards the end of last week, while Brent Crude rose to $43.75 a barrel while showcasing growth of 0.32%.

This trend is likely to continue indefinitely, which is good news for investors and commodity currencies as a whole.

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EU stimulus package announced offers new confidence for investors

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Struggling TSB set to close 100 branches and axe staff https://bmmagazine.co.uk/newswire/struggling-tsb-set-to-close-100-branches-and-axe-staff/ https://bmmagazine.co.uk/newswire/struggling-tsb-set-to-close-100-branches-and-axe-staff/#respond Sat, 23 Nov 2019 07:30:21 +0000 https://www.bmmagazine.co.uk/?p=77020 tsb

TSB is expected to pile more misery on its customers, who were hit by a serious IT failure yesterday, when it announces as many as 100 branch closures next week, almost a fifth of its network.

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Struggling TSB set to close 100 branches and axe staff

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tsb

TSB is expected to pile more misery on its customers, who were hit by a serious IT failure yesterday, when it announces as many as 100 branch closures next week, almost a fifth of its network.

The Times is reporting that the bank is expected to take the axe to its 540-strong branch network and announce hundreds of job losses.

Debbie Crosbie, who became chief executive six months ago, is trying to reduce costs and demonstrate her grip on the accident-prone business.

Regulators began an investigation into the bank after it was hit by an IT failure that led to 135,000 customers finding that wages and other payments failed to reach their accounts yesterday morning.

The setback came three days after the bank’s board was severely criticised by an independent report into an IT crash last year that locked almost two million TSB customers out of their accounts.

Customers criticised TSB on Twitter, while the bank apologised and said that no account-holder would be left out of pocket because of the failing.

“What an absolute joke @TSB is, I wake up expecting my wages to be in my bank and there’s nothing there,” one customer tweeted. Another said: “What a shambolic company, need to switch banks I think.”

TSB said yesterday: “Overnight some payments were delayed in and out of TSB accounts. This has now been resolved and the payments to and from customers have all been completed.”

It declined to comment on the branch closures or job cuts.

TSB was carved out of Lloyds Banking Group and briefly floated before being bought by Sabadell, the Spanish banking group. It has 3.8 milllion current account-holders and 7,800 employees. Sabadell wants to sell it.

The lossmaking TSB has been trimming its branch network, earmarking 14 for closure this year. However, analysts expect a much larger cull on Monday as it adjusts to a world where many customers do most of their banking on smartphones and pay by swiping debit and credit cards.

John Cronin, a banking analyst with Goodbody, the stockbroker, said that he expected TSB to announce 100 branch closures, with associated staff redundancies of between 400 and 500. He thought there would be a “material further reduction of staff beyond that”.

Cutting branches is likely to be awkward for TSB, which until recently was promoting itself as a bank deeply embedded in communities. Its slogan was “Local banking for Britain”.

Last year’s IT failure left customers unable to access their money for weeks and led to a surge in fraud attacks, forcing out Paul Pester, the chief executive. The Financial Conduct Authority, which is investigating last year’s crash, is investigating the latest failure.

A Slaughter and May report into the earlier IT fiasco, when a systems upgrade went badly wrong, criticised the board for lacking “common sense”.

TSB, which has put the cost of last year’s failure at £366 million, could face a heavy fine. Royal Bank of Scotland was fined £56 million for a systems crash in 2012, which left 6.5 million RBS, Natwest and Ulster Bank customers unable to access their accounts.

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Struggling TSB set to close 100 branches and axe staff

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FTSE 100 outperforms European counterparts as oil and tobacco stocks gain https://bmmagazine.co.uk/newswire/ftse-100-outperforms-european-counterparts-as-oil-and-tobacco-stocks-gain/ https://bmmagazine.co.uk/newswire/ftse-100-outperforms-european-counterparts-as-oil-and-tobacco-stocks-gain/#comments Tue, 29 Jan 2019 17:38:01 +0000 https://www.bmmagazine.co.uk/news/ftse-100-outperforms-european-counterparts-as-oil-and-tobacco-stocks-gain/ Smoking

Top-flight shares in London were the standout performers in Europe on Tuesday as investors snapped up oil and tobacco stocks.
The FTSE ..

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FTSE 100 outperforms European counterparts as oil and tobacco stocks gain

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Smoking

Top-flight shares in London were the standout performers in Europe on Tuesday as investors snapped up oil and tobacco stocks.

The FTSE 100 index climbed 86.83 points, or 1.29%, to 6,833.93.

“Defensives were the order of the day as investors sought the relative safety of tobacco stocks and utilities, amid US–Sino trade tensions and ahead of the Brexit vote in the Commons,” said Fiona Cincotta, senior market analyst at City Index.

Leading the best-performing stocks was British American Tobacco, up 135p to 2,510p, while Imperial Brands gained 50p to close at 2,411.5p.

A resilient climb in oil prices helped push the FTSE higher after the US slapped sanctions on Venezuela’s state-owned oil firm. The move has raised the prospect that the country’s crude exports could be curbed.

A barrel of Brent Crude oil was trading 2.3% higher at 61.46 US dollars.

David Madden, market analyst at CMC Markets UK, said: “The British equity benchmark has lagged behind its continental counterparts lately, and the stability in the commodity space helped it outperform today.”

The pound spiked in the afternoon as traders saw a smaller possibility of a no-deal Brexit, but the currency was heading southwards as the evening parliamentary vote approached, slipping 0.11% against the euro to 1.498 and dropping 0.13% to 1.314 US dollars.

Elsewhere on the European markets, the French Cac was 0.81% higher and the German Dax inched 0.08% higher.

Even the FTSE 250 was up despite a string of downbeat updates from companies including PZ Cussons, Domino’s and Royal Mail.

Imperial Leather owner PZ Cussons issued a profit warning amid mounting woes in its Nigerian business.

Shares dropped 31p to 178.6p after the group said underlying pre-tax profits are expected to be “towards” £70 million, down from £80.1 million a year earlier.

Domino’s Pizza said it will report full-year profits at the lower end of expectations following “growing pains” in its international business, particularly Norway.

The company expects full-year underlying pre-tax profit to be at the lower end of the consensus range of £93.9 million to £98.2 million, following weaker international sales and business integration challenges in Norway.

Shares in the group were down 23.8p to 250.1p.

Royal Mail delivered more gloom as it warned of a worse-than-expected fall in addressed letter mailings, as business uncertainty takes its toll.

Its share price dropped 39.9p to 260.8p.

Veterinary chain CVS Group saw more than a third wiped off its stock market value after warning over profits amid a shortage of vets and trading troubles in the Netherlands.

Shares in the group – which has more than 500 vet practices across the UK, Netherlands and Ireland – crashed 251.5p, or 38.54%, to 401p after it said underlying earnings for the year to the end of June are set to be “materially” lower than expected.

The biggest risers on the FTSE 100 were British American Tobacco up 135p to 2,510p, DS Smith up 15.5p to 334.4p, Rio Tinto up 133p to 4,077.5p, and IAG up 18.4p to 641.4p.

The biggest fallers were Hargreaves Lansdown down 112.5p to 1,684.5p, Tui down 25p to 1,169.5p, easyJet down 15.5p to 1,277.5p, and CRH down 21p to 2,198p.

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FTSE 100 outperforms European counterparts as oil and tobacco stocks gain

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Pound sinks ahead of second Brexit parliamentary vote https://bmmagazine.co.uk/newswire/pound-sinks-ahead-of-second-brexit-parliamentary-vote/ https://bmmagazine.co.uk/newswire/pound-sinks-ahead-of-second-brexit-parliamentary-vote/#respond Mon, 28 Jan 2019 17:31:16 +0000 https://www.bmmagazine.co.uk/news/pound-sinks-ahead-of-second-brexit-parliamentary-vote/ stock market

The pound and the markets ended Monday in a gloomy mood as traders remained nervous over geopolitical developments.

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Pound sinks ahead of second Brexit parliamentary vote

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stock market

The pound and the markets ended Monday in a gloomy mood as traders remained nervous over geopolitical developments.

Sterling fell 0.53% to 1.151 euros and was 0.29% lower against the dollar at 1.316 as optimism waned ahead of a series of Brexit votes in the House of Commons on Tuesday.

“After a few relatively calm days, Brexit is back centre stage ahead of a second parliamentary vote Tuesday,” said Fiona Cincotta, senior market analyst at City Index.

“Although the PM will argue her best to the contrary, nothing much seems to have changed in the content of her Brexit proposal or in the political mood over the last few days other than calls to postpone the March 29 deadline.”

Meanwhile the FTSE 100 sank into the red, shedding 62.12 points, or 0.91%, to close at 6,747.1.

David Madden, market analyst at CMC Markets UK, attributed the jitters to international trade fears.

“Stocks are lower this afternoon as investors continue to be worried about the state of US-China trade relations,” he said.

“The two sides will sit down to discuss trade later this week, and seeing as the sentiment has been less than optimistic recently, dealers are a little on the nervous side.”

In France the Cac was 0.76% lower while the German Dax fell 0.63%.

Oil prices were also weaker, dropping after industrial earnings data from both the US and China prompted fears of a global slowdown.

A barrel of Brent crude oil was trading 2.9% lower at 59.66 US dollars.

In London, City analysts greeted news that Tesco will make changes impacting as many as 9,000 jobs as “a long time in the making”.

Bruno Monteyne, an analyst at Bernstein and former supply chain director for Tesco Asia, said the changes did not necessarily suggest a recent downturn in performance.

“The market is obviously tough but we think this language is as much about reminding staff and unions why Tesco had to embark on this four-year restructuring programme rather than indicating that things got worse recently.”

Shares in the grocer were down 3.9p to 221p at the close.

Meanwhile Ocado closed 19.6p higher at 966p, leading the blue-chip index, on the back of reports that it is in talks about a possible partnership with Marks & Spencer.

News that the companies are in talks to launch a £1 billion food delivery service was welcomed by investors.

It was reported that M&S would buy the Waitrose part of the Ocado business, including distribution centres and vans, when the existing contract ends next year.

M&S shares also rose during the day but were broadly flat at the close, rising 0.3p to 290.3p.

Shares in energy consultancy Utilitywise plummeted after it said it had put itself up for sale and needs to raise £10 million in equity.

The share price plunged by more than 4p, or 71.38%, to just 1.16p.

The biggest risers on the FTSE 100 were Ocado up 19.6p to 966p, Rio Tinto up 66.5p to 3,944.5p, Carnival up 61p to 4,162p and Land Securities up 9.6p to 863.2p.

The biggest fallers on the FTSE 100 were NMC Health down 106p to 2,560p, ITV down 3.65p to 128.35p, Lloyds Banking Group down 1.57p to 57p and Barclays down 4.02p to 160.08p.

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Pound sinks ahead of second Brexit parliamentary vote

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Ocado shares rise on reports of Marks & Spencer deal https://bmmagazine.co.uk/newswire/ocado-shares-rise-on-reports-of-marks-spencer-deal/ https://bmmagazine.co.uk/newswire/ocado-shares-rise-on-reports-of-marks-spencer-deal/#respond Mon, 28 Jan 2019 10:22:24 +0000 https://www.bmmagazine.co.uk/news/ocado-shares-rise-on-reports-of-marks-spencer-deal/ 2.9555299

Shares in Ocado have been boosted by reports the online grocer is in talks with Marks & Spencer to launch a £1 billion food delivery offering

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Ocado shares rise on reports of Marks & Spencer deal

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Shares in Ocado have been boosted by reports that the online grocer is in talks with Marks & Spencer to launch a £1 billion food delivery service.

The stock gained as much as 6.7%, surpassing 1,000p in early trading on Monday.

Meanwhile, M&S hit a high of 297.6p, up 2.6%.

It came on the back of reports that M&S would buy the Waitrose part of the Ocado business, including distribution centres and vans, when the existing contract ends next year.

According to the Mail on Sunday, top executives have held discussions over the past few weeks regarding the proposal.

Russ Mould, investment director at AJ Bell, said the deal would have positive potential outcomes for both parties.

“Such a move would be another tick in the box for Ocado, which is adding relationships with supermarkets in several parts of the world. Its core focus is now selling technology expertise to the food retail sector rather than running physical delivery operations,” he said.

“For Marks & Spencer, having a stronger delivery network would give it a new way in which to try and boost earnings. There is no guarantee this would be the magic solution to fix its declining profits but it would put the business on a more level pegging with some of its key competitors.”

But Bruno Monteyne, analyst at Bernstein, said it seemed “unlikely” that M&S would be a replacement for Waitrose given the latter’s buying volumes on branded products.

“M&S price points are also materially higher than the Waitrose private label ranges,” he added.

But he said M&S could help to fill capacity at Ocado’s Erith fulfillment centre or could even be a launch partner for the technology business’s Amazon Prime Now-style immediacy-grocery concept.

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Ocado shares rise on reports of Marks & Spencer deal

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Sterling rallies on hope UK can avoid no-deal Brexit https://bmmagazine.co.uk/newswire/sterling-rallies-on-hope-uk-can-avoid-no-deal-brexit/ https://bmmagazine.co.uk/newswire/sterling-rallies-on-hope-uk-can-avoid-no-deal-brexit/#respond Fri, 25 Jan 2019 17:25:09 +0000 https://www.bmmagazine.co.uk/news/sterling-rallies-on-hope-uk-can-avoid-no-deal-brexit/ 2.39295316

The pound strengthened on Friday as investors grew confident that Britain will avoid leaving the European Union without a trade deal.

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Sterling rallies on hope UK can avoid no-deal Brexit

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The pound strengthened on Friday as investors grew confident that Britain will avoid leaving the European Union without a trade deal.

Sterling was up 0.72% against the US dollar at 1.315 but fell 0.15% versus the euro to 1.153 at the London market close.

The British currency moved higher against the greenback for a fifth straight session, putting it on track for a 1.8% gain across the weak.

Fiona Cincotta, senior market analyst at City Index, said: “Demand for sterling remains elevated as the market becomes more convinced that the UK will avoid crashing out of the EU without a deal.

“Whilst Chancellor Hammond and business leaders mounted pressure on Theresa May to remove the hard Brexit option from the table, the DUP (Democratic Unionist party) also reportedly pledged support to Theresa May’s Brexit Plan B, if there is a clear time limit attached to the Irish backstop.”

She added that pound investors seem “happy to ignore the fact that Brussels are so far not agreeing to a time limit”.

Investors will be looking ahead to another crunch vote in Parliament on Tuesday for Mrs May’s Plan B Brexit deal.

Ms Cincotta doubts whether Mrs May will be able push her deal through as Plan B seems similar to Plan A.

Meanwhile trading on the FTSE 100 was relatively muted due to the stronger pound with the index having closed 9.73 points, or 0.14%, lower at 6,809.22.

Germany’s DAX rose 1.37% and France’s CAC was up 1.14%.

Ms Cincotta said “weak results from Vodafone acted as a drag on the FTSE and miners and oil majors were offering their support”.

Telecoms giant Vodafone reported a drop in quarterly revenue but remained firm on its growth expectations for the full year.

Group revenue was 11 billion euro (£9.52 billion) in the third quarter, down by 0.8 billion euro, with the company blaming the decline on new accounting standards, foreign exchange headwinds and the sale of its Qatar business.

Shares in Vodafone closed down 7.04p to 137p.

In other corporate news, Fuller’s is to sell its entire beer business to the European arm of Japanese brewer Asahi.

In a deal which values the division at £250 million, the London-based brewer is to sell the production and distribution of its well-known beers including flagship drink London Pride.

Shares in Fuller’s jumped more than 20% following the announcement and closed up 141p to 1,050p.

Elsewhere, Irn-Bru maker AG Barr expects to report higher profit, shrugging off the new sugar tax, but warned that it expects continued uncertainty due to Brexit and further regulatory intervention.

The Scottish soft drinks company expects profit to be ahead of the previous year and in line with expectations, while revenue is to be 5% higher to about £277 million for the year ending January 26.

AG Barr shares fell 36p to 762p.

The competition watchdog ordered pest control and hygiene giant Rentokil Initial to sell several large supply contracts in order to quell concerns about its merger with rival Cannon Hygiene.

Following a probe, the Competition and Markets Authority (CMA) said the tie-up would result in “higher prices or a worse service for customers”.

Rentokil shares rose 0.3p to 333.8p.

Brent crude, the international benchmark, traded up 0.47% at 61.42 US dollars (£46.67).

The biggest risers on the FTSE 100 were Fresnillo up 54.8p to 946.8p, Anglo American up 72.6p to 1,865p, Smurfit Kappa up 82p to 2,192p, and Antofagasta up 29.4p to 827.2p.

The biggest fallers on the FTSE 100 were Vodafone down 7.04p to 137p, Intercontinental Hotels Group down 126p to 4,257.5p, GVC down 19p to 652.5p, and Hiscox down 39p to 1,470p.

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Sterling rallies on hope UK can avoid no-deal Brexit

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AG Barr to shrug off sugar tax hit with increase in profit https://bmmagazine.co.uk/newswire/ag-barr-to-shrug-off-sugar-tax-hit-with-increase-in-profit/ https://bmmagazine.co.uk/newswire/ag-barr-to-shrug-off-sugar-tax-hit-with-increase-in-profit/#comments Fri, 25 Jan 2019 10:53:22 +0000 https://www.bmmagazine.co.uk/news/ag-barr-to-shrug-off-sugar-tax-hit-with-increase-in-profit/ 2.11571034

Irn-Bru maker AG Barr expects to report higher profit, shrugging off the new sugar tax, but warned that it expects continued uncertaint..

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AG Barr to shrug off sugar tax hit with increase in profit

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Irn-Bru maker AG Barr expects to report higher profit, shrugging off the new sugar tax, but warned that it expects continued uncertainty due to Brexit and further regulatory intervention.

The Scottish soft drinks company expects to post full-year profit ahead of the previous year and in line with expectations.

Revenue is expected to be around £277 million for the year ending January 26, up about 5% from the £264.1 million of a year earlier.

AG Barr, which also makes Rubicon and Tizer, said the impact of the sugar levy “has been evident across the UK soft drinks market with value growth significantly outstripping volume in the period”, but it expects to return to a “more value-led trading strategy” this year.

The firm revamped Irn-Bru and other drinks ranges to reduce the sugar content ahead of the launch of the new UK soft drinks sugar tax last April.

The group stopped making the original full-sugar version last January – but the move prompted a backlash among loyal Irn-Bru fans.

Irn Bru recipe
AG Barr revamped the recipe of Irn-Bru and other drinks ranges to reduce the sugar content (Andrew Milligan/PA)

The company also warned that “further regulatory intervention is on the horizon” for the soft drinks industry and that “consumer dynamics continue to evolve”.

It also flagged that “current political and economic uncertainty in the UK looks set to continue”.

Sophie Lund-Yates, equity analyst at Hargreaves Lansdown, said sugar tax-related price hikes mean volume growth has been slow for the soft drinks industry, but that AG Barr bucked the trend.

“The group’s been able to keep prices largely flat, since its new recipe was below the sugar cap, and that means AG Barr’s been able to boost the amount it’s selling – we think that’s been a good move and will help margins in the long run.

“With wider uncertainties lingering though, there’s no telling how much of a headache Brexit will be.

“Added to that, it’s very likely we’ll see more regulatory clampdowns in the medium term, and that’ll mean another round of shake-ups for the industry,” she said.

AG Barr expects to complete its £30 million share purchase programme during this year, which is slightly later than it previously indicated, but the company maintained that it has a tight control on costs and a robust balance sheet.

Full-year results are expected to be announced on March 26.

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AG Barr to shrug off sugar tax hit with increase in profit

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FTSE 100 ends day in negative territory https://bmmagazine.co.uk/newswire/ftse-100-ends-day-in-negative-territory/ https://bmmagazine.co.uk/newswire/ftse-100-ends-day-in-negative-territory/#comments Thu, 24 Jan 2019 17:05:47 +0000 https://www.bmmagazine.co.uk/news/ftse-100-ends-day-in-negative-territory/ 2.33607921

The FTSE 100 struggled for direction on Thursday as markets digested news from the European Central Bank and comments made by US commer..

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FTSE 100 ends day in negative territory

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The FTSE 100 struggled for direction on Thursday as markets digested news from the European Central Bank and comments made by US commerce secretary Wilbur Ross.

London’s premier index shed 23.93 points, or 0.35%, to end the day on 6,618.95.

David Madden, analyst at CMC Markets, said that traders were held back by mixed news from the continent and stateside.

“The European Central Bank maintained their monetary policy, meeting expectations. Mario Draghi, the head of the ECB issued a statement that was on the dovish side.

“The central banker cautioned about risks to the downside, and said that stimulus is needed to sustain inflation.

“Wilbur Ross, US secretary of commerce issued a mixed statement in relation to Chinese trade.

“Mr Ross claimed the two sides were ‘miles and miles’ away from ending the trade dispute, but he also said there is a fair chance that China will get a trade deal.”

In stocks, shares in British Airways owner IAG nudged up after the airline ended its interest in low-cost carrier Norwegian, adding it will sell its remaining stake in the firm.

Last year, IAG took a 4.61% stake in Norwegian, bought with the intention of launching a full bid.

But on Thursday, the firm said that it does not intend to make an offer for Norwegian and will sell its stake in the company.

IAG shares closed up 2p to 633p.

Barclays shares closed down as the bank’s chief executive revealed that activist investor Edward Bramson, one of the lender’s largest shareholders, has not laid out his strategy.

Mr Bramson, through his investment vehicle Sherborne, has built a 5.5% stake in Barclays and is ramping up pressure on the lender to curtail its investment arm.

Barclays boss Jes Staley said he had a “reasonable engagement” with Mr Bramson, but he is yet to reveal his plans for the lender.

Shares closed down 0.2p down at 162.66p.

Shares in Fever-Tree fizzed up after the drinks firm reported another year of rapid growth, with consumers snapping up its mixers during the heatwave and the busy Christmas period.

In a trading update, the group said full-year revenue for 2018 was around £236 million, an increase of 39%.

The group’s board expects full-year results to be comfortably ahead of its expectations.

Shares in the company rocketed 350p to 2,948p.

The pound held on to gains made in recent days, trading at 1.306 versus the US dollar, a decrease of 0.2%. Against the euro, sterling was flat at 1.149.

In Europe, Germany’s DAX was up 0.47% while France’s CAC 40 was up 0.59%.

A barrel of Brent Crude was changing hands for 60.8 US dollars, an increase of 0.1%.

The biggest risers on the FTSE 100 were Centrica up 3.25p at 134.4p, St James’s Place up 20.6p at 962p, Evraz up 8.1p at 463.6p and Ashtead up 29p at 1,899p.

The biggest fallers on the FTSE 100 were Vodafone down 5.22p at 144.04p, Reckitt Benckiser down 191p at 5,593p, British American Tobacco down 57p at 2,425p and EasyJet down 25.5p at 1,254.5p.

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FTSE 100 ends day in negative territory

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FTSE 100 trades lower on global growth concerns https://bmmagazine.co.uk/newswire/ftse-100-trades-lower-on-global-growth-concerns/ https://bmmagazine.co.uk/newswire/ftse-100-trades-lower-on-global-growth-concerns/#respond Tue, 22 Jan 2019 17:09:07 +0000 https://www.bmmagazine.co.uk/news/ftse-100-trades-lower-on-global-growth-concerns/ Canary Wharf scene

The FTSE 100 was under pressure on Tuesday as investors continued to fret about global growth, while the stronger pound added to sell-off

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FTSE 100 trades lower on global growth concerns

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Canary Wharf scene

The FTSE 100 was under pressure on Tuesday as investors continued to fret about global growth, while the stronger pound added to the sell-off.

London’s blue-chip index closed 69.20 points, or 0.99%, lower at 6,901.39, while Germany’s DAX fell 0.48% and France’s CAC declined 0.55%.

David Madden, market analyst at CMC Markets, said: “Stocks are in the red as the concerns about China’s economy are still doing the rounds.

“The fear of a global slowdown is playing on traders’ minds and the major equity benchmarks in Europe are lower this afternoon.”

He added that the “geopolitical situation isn’t looking too hot at the moment and traders are nervous”.

Elsewhere the pound rose on strong UK wages data and hopes of a second referendum to halt the political deadlock over Brexit.

Sterling was up 0.49% against the US dollar at 1.295 and was up 0.56% versus the euro to 1.140 at the London market close.

Data showed that wage growth had moved up to its highest level since the financial crisis, which Fiona Cincotta, senior market analyst at City Index, said was “all the more impressive given the current Brexit uncertainties”.

Meanwhile, Labour leader Jeremy Corbyn tabled a motion that would give Parliament the right to vote on whether to give the public a final say on Britain’s departure from the European Union.

Ms Cincotta said: “Pound traders are sensing that the Brexit mood continues to shift away from a no-deal scenario.

“A cliff-edge Brexit would be the most damaging to UK business, the economy and therefore the pound.

“The more other options, such as a delay of Article 50 or second referendum are explored, the more beneficial for the pound.”

In corporate news, easyJet said last month’s drone disruption at Gatwick was a “wake-up call” to airports after it cost the airline £15 million and affected 82,000 customers.

The low-cost carrier also said revenues in the three months to December 31 increased 13.7% to £1.3 billion, while passenger revenues rose 12.2% to £1.03 billion.

Shares in easyJet closed up 73p to 1,234.5p.

Haydn Mursell, the chief executive of troubled Kier Group, is to leave the business with immediate effect.

The construction giant said the board has asked chairman Philip Cox to act in an executive capacity alongside the finance and operating chiefs – Bev Dew and Claudio Veritiero – to oversee operations until a new boss is appointed.

Kier shares were up 4p to 527.5p.

Pets at Home is to spend up to £8 million stockpiling pet food and products as it becomes the latest business to step up plans for a hard Brexit.

In a trading update for the third quarter, the retailer said that, as Brexit looms, it is looking at increasing its inventory holding.

Pets at Homes shares increased 21.7p to 147.2p.

Brent crude, the international benchmark, traded down 3% at 60.75 US dollars (£46.90).

The biggest risers on the FTSE 100 were easyJet up 73p to 1,234.5p, Ocado up 29.4p to 915p, Kingfisher up 4.4p to 222.1p, and Fresnillo up 16.4p to 912.2p.

The biggest fallers on the FTSE 100 were Wood Group down 22.4p to 524.8p, Evraz down 16.2p to 447.6p, GVC down 21.5p to 689.5p, and Royal Dutch Shell down 68.5p to 2,334.5p.

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FTSE 100 trades lower on global growth concerns

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FTSE 100 pares losses as pound weakens on Brexit woes https://bmmagazine.co.uk/newswire/ftse-100-pares-losses-as-pound-weakens-on-brexit-woes/ https://bmmagazine.co.uk/newswire/ftse-100-pares-losses-as-pound-weakens-on-brexit-woes/#respond Thu, 10 Jan 2019 17:10:44 +0000 https://www.bmmagazine.co.uk/news/ftse-100-pares-losses-as-pound-weakens-on-brexit-woes/ FTSE & Euro

The FTSE 100 pared losses on Thursday thanks to the weak pound while global indexes declined as previous investor optimism around US-Ch..

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FTSE 100 pares losses as pound weakens on Brexit woes

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FTSE & Euro

The FTSE 100 pared losses on Thursday thanks to the weak pound while global indexes declined as previous investor optimism around US-China trade relations cooled.

London’s blue-chip index closed 36.24 points, or 0.52%, higher at 6,942.87 – while Germany’s DAX rose 0.11% but France’s CAC fell 0.37%.

Fiona Cincotta, senior market analyst at City Index, said: “Global equities ended a four-day rally on Thursday as reality set in over what was actually achieved in the US-China trade talks, and as the US government shutdown rattles on.

“The FTSE was faring better than its European counterparts paring losses, thanks in part to the Brexit-weakened pound.”

She said the pound traded lower against the US dollar as uncertainty around Britain’s departure from the European Union continues “to dominate amid the airing of the Brexit agreement in Parliament. This combined with signs of an economic slowdown as retailers failed to increase their sales this Christmas from a year earlier has put the bears firmly in control”.

Sterling was down 0.15% against the greenback at 1.276 and was up 0.09% versus the euro at 1.108 at the London market close.

Retail news dominated the day, with a host of firms posting festive trading figures.

John Lewis’s 83,000 staff woke up to news that their annual bonus is under threat for the first time since 1953 as the retailer said it expects profits to be “substantially lower” this year amid slower sales growth.

Over Christmas, like-for-like sales grew just 1%, while sister chain Waitrose saw only 0.3% growth.

Marks & Spencer sales were also under pressure, with the performance of both clothing and food wilting.

Over its Christmas quarter, the bellwether said like-for-like clothing and home sales dropped 2.4% over the 13 weeks to December 29 while comparable food sales fell 2.1%.

Struggling department store chain Debenhams recorded a 3.4% decline in like-for-like sales in the six weeks to January 5, weighed down by the UK, where sales were 3.6% lower due to weaker footfall.

In brighter news, Tesco unveiled its best set of Christmas trading figures in nearly a decade, with the UK’s biggest retailer lauding promotions on festive staples including vegetables and meat.

The grocery giant posted a 2.2% rise in UK like-for-like sales in the six weeks to January 5.

Halfords, meanwhile, issued a profit warning after mild weather and weak consumer confidence hit sales.

Card Factory has also warned that underlying profits for the 2020 financial year are likely to be flat, as it braces for another “difficult” trading period.

Shares in Marks & Spencer closed down 3.2p to 274.5p, Debenhams down 0.83p to 4.8p, Tesco up 4.6p to 216.4p, Halfords down 61.8p to 216.8p, and Card Factory down 26.6p to 168p.

Elsewhere, car giant Jaguar Land Rover is to cut 4,500 jobs under plans to make £2.5 billion of cost savings.

Most of the cuts are expected to be in the UK, with a voluntary programme being launched.

Brent crude, the international benchmark, fell 0.05% at 61.29 US dollars.

The biggest risers on the FTSE 100 were Fresnillo up 28.2p to 949.6p, SSE up 28p to 1,152, Tesco up 4.6p to 216.4p, and Intertek up 106p to 5,060p.

The biggest fallers on the FTSE 100 were Burberry down 48p to 1,742p, Paddy Power Betfair down 150p to 6,590p, NMC Health down 52p to 2,930p, and Next down 66p to 4,787p.

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FTSE 100 pares losses as pound weakens on Brexit woes

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FTSE 100 ends in positive territory as US-China trade talks end https://bmmagazine.co.uk/newswire/ftse-100-ends-in-positive-territory-as-us-china-trade-talks-end/ https://bmmagazine.co.uk/newswire/ftse-100-ends-in-positive-territory-as-us-china-trade-talks-end/#respond Wed, 09 Jan 2019 17:07:04 +0000 https://www.bmmagazine.co.uk/news/ftse-100-ends-in-positive-territory-as-us-china-trade-talks-end/ US v China

The FTSE 100 followed global stock markets higher on Wednesday, buoyed by the conclusion of trade talks between the US and China.
Londo..

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FTSE 100 ends in positive territory as US-China trade talks end

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US v China

The FTSE 100 followed global stock markets higher on Wednesday, buoyed by the conclusion of trade talks between the US and China.

London’s premier index ended the day up 45.03 points, or 0.66%, at 6,906.63.

It came after the two economic superpowers reportedly ended talks on a positive note, giving investors reason to cheer.

David Madden, market analyst at CMC, said: “Stocks are pushing higher into the close after US-China trade talks ended on an optimistic note.

“Traders are aware that some structural issues still persist, and that more issues need to be resolved, but the overall mood is positive.”

In stocks, Taylor Wimpey was the biggest riser in the top flight after the housebuilder brushed aside Brexit uncertainty and said it was seeing “solid” signs for the year ahead.

In a trading update, it reported a 3% rise in house sales to 14,947 during 2018.

Taylor added that average prices on private sales lifted 2% to £301,000 and said it ended the year with an order book worth £1.8 billion, up from £1.6 billion a year earlier.

Shares closed up 8.7p at 149.1p.

Sainsbury’s was the latest retailer to report on Christmas trading, blaming “cautious” consumer spending for falling sales as its Argos business also suffered after cutting back on heavy discounts.

The supermarket giant – which plans to merge with rival Asda in a £12 billion deal – saw like-for-like retail sales fall 1.1% in the 15 weeks to January 5.

While grocery sales rose 0.4% over the quarter, this was offset by a 2.3% drop in general merchandise and a 0.2% decline for clothing.

Shares closed up 6.1p at 272.6p.

Ted Baker shares were on the rampage as investors breathed a sigh of relief that consumers appear to be unmoved by allegations against its founder.

The fashion brand said retail sales increased by 12.2% over the five weeks to January 5.

E-commerce sales, which account for about a quarter of retail performance, were up 18.7%.

Shares spiked 504p, or 31.19%, to end the day at 2,120p.

It comes amid an ongoing investigation into the conduct of Ted Baker’s founder and suspended boss Ray Kelvin, who was accused of harassment in the workplace last year.

The company said an independent investigation, led by law firm Herbert Smith Freehills, is “progressing” and a further update will be given in due course.

Sterling was up 0.4% versus the US dollar at 1.276 as the pound was boosted by more embarrassment for Theresa May’s Government, which lost another key Brexit vote.

It means Parliament has more control of Britain’s fate, and Mrs May and extreme Brexiteers will be forced to bow to its sovereignty.

Against the euro, the pound was down 0.5% at 1.107.

In Europe, Germany’s DAX was up 0.8% and France’s CAC gained 0.95%.

A barrel of Brent crude was trading at 61 US dollars, a rise of more than 4% on the back of lower inventories.

The biggest risers on the FTSE were Taylor Wimpey up 8.7p at 149.1p, ITV up 6.45p at 137.58p, Wood Group up 25.8p at 592.8p and Micro Focus up 63p at 1,499p.

The biggest fallers on the FTSE 100 were Royal Bank of Scotland down 4.9p at 220.9p, Vodafone down 2.8p at 152.8p, Hikma down 28p at 1,571.5p and Hargreaves Lansdown down 24.5p at 1,884.5p.

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FTSE 100 ends in positive territory as US-China trade talks end

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Predator DNO inches closer to Faroe takeover https://bmmagazine.co.uk/newswire/predator-dno-inches-closer-to-faroe-takeover/ https://bmmagazine.co.uk/newswire/predator-dno-inches-closer-to-faroe-takeover/#respond Wed, 09 Jan 2019 10:42:30 +0000 https://www.bmmagazine.co.uk/news/predator-dno-inches-closer-to-faroe-takeover/ 2.40023901

Norwegian energy firm DNO has moved one step closer to taking over Faroe Petroleum after gaining a majority stake in the group.

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Predator DNO inches closer to Faroe takeover

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Norwegian energy firm DNO has moved one step closer to taking over Faroe Petroleum after gaining a majority stake in the group.

The group said on Wednesday that it owns or has acceptances for 52.4% of the North Sea oil producer’s shares after upping its bid for the firm to £641.7 million a day earlier.

DNO increased its offer from £608 million, or 152p per share, which has been continuously rejected by Faroe’s board.

The new figure represents a price of 160p per Faroe share.

DNO’s offer will become unconditional on January 11.

The takeover saga has seen Faroe describe DNO’s advances as “opportunistic”, arguing it substantially undervalues the company.

Last week, Faroe hired industry experts at Gaffney, Cline & Associates to come up with their own valuation of the company, which concluded that its assets are valued in the range of 186p to 225p per share, or between 879 million US dollars (£688 million) and 1.1 billion US dollars (£862 million).

But Faroe’s board said on Wednesday that it now recommends shareholders accept the offer, although it reiterated that it does not believe it represents “fair value”.

“The board considers that, following its initial investment in Faroe and in the conduct of its subsequent offer, DNO has created considerable uncertainty for minority shareholders,” the firm added

“The board also notes that DNO has indicated that it expects to make changes to the Faroe board and the board therefore considers there to be no assurance that Faroe would continue to maintain its current corporate governance culture in line with UK corporate governance best practice.”

Faroe’s directors will now work with DNO to ensure an orderly transition of control.

Under the terms of its offer, DNO said that £53 million of the proceeds will be payable to Faroe directors, management and employees, while the remainder will go to shareholders other than itself.

The group said its final offer price represents a 27.2% premium to Faroe’s share price of 125.8p on November 23, the day before the pursuit was made public.

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Predator DNO inches closer to Faroe takeover

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FTSE 100 closes up after late rebound https://bmmagazine.co.uk/newswire/ftse-100-closes-up-after-late-rebound/ https://bmmagazine.co.uk/newswire/ftse-100-closes-up-after-late-rebound/#respond Wed, 02 Jan 2019 17:16:51 +0000 https://www.bmmagazine.co.uk/news/ftse-100-closes-up-after-late-rebound/ 2.34293326

The FTSE 100 managed to start the new year on the front foot on Wednesday, ending in positive territory after being weighed down early ..

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FTSE 100 closes up after late rebound

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2.34293326

The FTSE 100 managed to start the new year on the front foot on Wednesday, ending in positive territory after being weighed down early on by disappointing economic data from China.

London’s top flight ended the day up 6.1 points, or 0.09%, at 6,734.23.

However, it spent most of the day in the red as investors were spooked by a further slowdown in the world’s second largest economy.

David Madden, analyst at CMC Markets, said: “The FTSE 100 has a relatively large exposure to commodity companies, so the worry that China is cooling has hit mining and energy stocks hard.

“China is a major importer of minerals and oil, and dealers are wary their appetite for commodities will fall further.”

Data out overnight showed the Caixin survey of Chinese manufacturing fell to 49.7, its first contraction since May 2017. A reading above 50 indicates growth, a reading below, contraction.

It comes amid simmering trade tensions between the US and China, adding to negative sentiment about the global economy.

Miners bore the brunt of the pain early in the day, with the likes of Anglo American and Glencore among the biggest fallers, shedding 37.4p to 1,710.4p and 8.85p to 282.5p by the close respectively.

But a late surge in oil prices saw Royal Dutch Shell and BP shares benefit, helping drag the FTSE 100 into calmer waters.

Also lending a helping hand were retailers following decent figures from John Lewis.

A surge in shoppers looking for last-minute gifts helped lift sales at department store chain over the festive period with sales up 4.5% in the week to December 29.

The retailer said it was boosted by shoppers buying last-minute Christmas presents, adding it experienced “very strong sales on Christmas Eve and a confident start to clearance sales both online and in shops”.

A bellwether for the sector, it helped catapult Next to the top of the FTSE 100. Shares in the clothing chain, which reports to the market on Thursday, ended the day up 186p, or 4.66%, at 4,177p.

Ocado was also up 20.6p to 810.6p by the close.

The pound, meanwhile, came under more selling pressure as Brexit fears once again came to the fore.

Sterling was down 1.2% versus the US dollar at 1.258. Against the euro it dropped 0.4% to 1.108.

It came as fresh data showed that British manufacturers are stockpiling goods at near record rates in preparation for a calamitous no-deal EU exit.

The Markit/CIPS UK manufacturing purchasing managers’ index (PMI) showed a reading of 54.2 last month, higher than the 53.6 recorded in November, and a six-month high.

But rather than being cause to celebrate, IHS Markit said the numbers reflect a build up of “safety stocks to mitigate potential Brexit disruption”.

In Europe, Germany’s DAX rose 0.18% while France’s CAC40 was down 0.8%.

A barrel of Brent crude was trading at 55 US dollars in a volatile session that saw it rebound from 52.5 US dollars amid oversupply fears.

The biggest risers on the FTSE 100 were Next up 186p at 4,177p, Fresnillo up 28p at 888p, Paddy Power Betfair up 180p at 6,580p and Wood Group up 13.4p at 519.6p.

The biggest fallers on the FTSE 100 were Glencore down 8.85p at 282.5p, Johnson Matthey down 76p at 2,723p, Informa down 16p at 614.2p and Rolls Royce down 20.6p at 809.4p.

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FTSE 100 closes up after late rebound

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FTSE 100 lower on Fed inspired sell-off https://bmmagazine.co.uk/newswire/ftse-100-lower-on-fed-inspired-sell-off/ https://bmmagazine.co.uk/newswire/ftse-100-lower-on-fed-inspired-sell-off/#comments Thu, 20 Dec 2018 17:13:16 +0000 https://www.bmmagazine.co.uk/news/ftse-100-lower-on-fed-inspired-sell-off/ FTSE

The FTSE 100 edged lower on Thursday as the Fed inspired sell-off in the US dragged London’s blue-chip index into the red.
Global stock..

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FTSE 100 lower on Fed inspired sell-off

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FTSE

The FTSE 100 edged lower on Thursday as the Fed inspired sell-off in the US dragged London’s blue-chip index into the red.

Global stocks fell on Wednesday and continued into Thursday after the US Federal Reserve raised interest rates and indicated that it will tighten monetary policy despite an increasingly gloomy economic outlook.

The FTSE 100 closed down 54.01 points, or 0.8%, at 6,711.93.

CMC Market’s David Madden said: “European equity markets are in the red but they are off the lows of the session. The tightening of monetary policy, and the projection of further tightening to come from the Federal Reserve yesterday, has hurt investor sentiment.

“The US central [bank] hiked rates by 0.25% – meeting forecasts, and they cautioned about lower growth and inflation, while at the same time suggesting two more hikes are in the pipeline for 2019. Traders are worried the US central [bank] will press ahead with monetary tightening plans against a softer economic backdrop.”

Elsewhere, the Bank of England’s monetary policy committee voted unanimously to hold interest rates at 0.75% as it warned that Brexit uncertainty had “intensified considerably” in the past month.

Fiona Cincotta, senior market analyst at City Index, said: “The Bank (or anybody else) has no idea whether the UK will leave the EU with a deal or in a disorderly fashion. Given the elevated levels of uncertainty, the central bank didn’t give indication as to how recent data was shaping monetary policy.”

The pound, meanwhile, was higher on strong UK retail sales data and US dollar weakness.

Sterling was up 0.28% against the US dollar at 1.264 and flat versus the euro to 1.107 at the London market close.

In corporate news, troubled gas and electricity supplier Yu Group sparked another hefty share price drop after it warned over a further profit hit following “serious” accounting failures.

The group, which alerted in October over a £10 million knock to profits after unearthing accounting irregularities, said it now expects an extra impact of between £2.75 million and £3.25 million following the results of an independent probe.

Yu shares closed down 10.5p at 68p.

Kier Group said nearly two-thirds of its investors snubbed a rights issue aimed at raising £250 million, leaving a syndicate of banks nursing a £100 million headache.

The construction giant had proposed to offer 64.5 million new shares at 409p each, but on Thursday Kier said it had received just 37.7% of acceptances.

Kier shares fell 6.2p to 391.2p.

Bus and rail giant Stagecoach agreed to sell its under-pressure US business in a deal valuing the division at 271.4 million US dollars (£214.4 million).

It comes just weeks after Stagecoach first revealed talks to sell the North American arm after an £85.4 million writedown in the division sent the group tumbling to a half-year loss.

Stagecoach shares were down 2.6p to 135.2p.

Germany’s DAX was down 1.44% and France’s CAC 40 declined 1.72%.

A barrel of Brent crude, the international benchmark, was trading down 2.2% at 55.44 US dollars (£43.85).

The biggest risers on the FTSE 100 were Smurfit Kappa up 74p to 2,088p, Severn Trent up 53p to 1,873p, National Grid up 18.6p to 796p, and Fresnillo up 15p to 845p.

The biggest fallers on the FTSE 100 were Carnival down 471p to 3,877p, Scottish Mortgage Investment Trust down 18.45p to 459.15p, Antofagasta down 29p to 757p, and Micro Focus International down 50.5p to 1,355p.

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FTSE 100 lower on Fed inspired sell-off

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Fantasy firm Games Workshop trading in line https://bmmagazine.co.uk/newswire/fantasy-firm-games-workshop-trading-in-line/ https://bmmagazine.co.uk/newswire/fantasy-firm-games-workshop-trading-in-line/#comments Fri, 07 Dec 2018 08:23:42 +0000 https://www.bmmagazine.co.uk/news/fantasy-firm-games-workshop-trading-in-line/ 2.38115819

Fantasy miniatures maker Games Workshop has pencilled in a healthy rise in first-half sales and profit as it hailed the performance of ..

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Fantasy firm Games Workshop trading in line

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Fantasy miniatures maker Games Workshop has pencilled in a healthy rise in first-half sales and profit as it hailed the performance of a key product.

The Nottingham-based firm said trading has continued in line with expectations in the six months to December 2, with sales set to come in 13% higher at £124 million.

Operating profit is set to nudge up from £38.8 million to £41 million.

The results were helped by the continued popularity of tabletop game Warhammer, which Games Workshop said is in “great shape”.

“We have built on the progress we made last year and the results are considerable given the backdrop of major projects, increasing factory capacity and enterprise resource planning system implementation,” the firm said.

Shares in Games Workshop came under pressure in October after the company warned over uncertain trading.

The FTSE 250-listed wargaming manufacturer said at the time that there are “some uncertainties in the trading periods ahead for the rest of the 2018/19 financial year”.

On Friday, shares rose 5% to 3,155p in early trade.

In June, staff at Games Workshop were handed a £5 million bonus following a year of solid sales and profits.

Games Workshop makes 75% of its revenues overseas, so has benefited from the Brexit-induced collapse in the pound.

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Fantasy firm Games Workshop trading in line

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£56bn wiped from FTSE 100 over China-US fears following Huawei arrest https://bmmagazine.co.uk/newswire/56bn-wiped-from-ftse-100-over-china-us-fears-following-huawei-arrest/ https://bmmagazine.co.uk/newswire/56bn-wiped-from-ftse-100-over-china-us-fears-following-huawei-arrest/#comments Thu, 06 Dec 2018 17:22:09 +0000 https://www.bmmagazine.co.uk/news/56bn-wiped-from-ftse-100-over-china-us-fears-following-huawei-arrest/ 2.40059654

A stock market bloodbath saw £56 billion wiped off the FTSE 100 on Thursday as fears that the arrest of a senior Huawei official in Can..

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£56bn wiped from FTSE 100 over China-US fears following Huawei arrest

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A stock market bloodbath saw £56 billion wiped off the FTSE 100 on Thursday as fears that the arrest of a senior Huawei official in Canada could reignite tension between the US and China.

London’s blue-chip index closed 217.79 points, or 3.2% lower, at 6,704.05. France’s Cac was down 3.3% while Germany’s Dax fell 3.5%.

Huawei’s chief financial officer, Meng Wanzhou, faces possible extradition to the United States after her arrest on suspicion of trying to evade sanctions against Iran.

A Chinese government statement said Meng broke no US or Canadian laws and demanded Canada “immediately correct the mistake” and release her.

David Madden, market analyst at CMC Markets, said: “Equity markets suffered severe losses as investors are worried the relationship between the US and China has been strained by the arrest.

“The US-China relationship was moving in the right direction after the G20 summit, and now dealers feel all the good work could be undone. It is a broad-based sell-off that we are seeing in London, as mining, energy, financial and consumer stocks are all lower.”

Sterling was trading relatively flat against both the US dollar and euro at 1.277 and 1.123 respectively as Brexit fears kept the British currency shackled.

Brent crude was trading down 2.8% at 59.77 US dollars a barrel despite Opec countries agreeing to cut oil production.

Crude has been falling since October as countries such as the US and Saudi Arabia produce at higher rates, and due to fears that weaker economic growth will dampen energy demand.

Mr Madden said: “The cartel will give further details on the size of the cut tomorrow, but traders are sceptical it won’t be enough to prop up the price. Going into the meeting, there was talk of a 1.4 million-barrel cut, and it was reported that Saudi Arabia are keen for a cut of only 1 million barrels.

“The energy information administration report showed that US oil stockpiles by 7.32 million barrels, while traders were only expecting a drop of 942,000 barrels.”

In corporate news, Ted Baker has reported a dip in third-quarter sales and confirmed that Herbert Smith Freehills will conduct a probe into harassment allegations levelled at chief executive Ray Kelvin.

The under-fire retailer said the law firm will carry out an “independent external investigation” after a petition emerged calling on the fashion brand to “end harassment”, accusing Mr Kelvin of enforcing a “hugging” culture.

Ted Baker shares closed 44p, or 3%, higher at 1,511p.

Insurance firm Beazley has warned that it will take a 40 million US dollar (£31.4 million) hit from claims linked to wildfires in California.

More than 50,000 people in the West Coast state were forced to flee wind-driven flames in November that burned 240 square miles.

Beazley shares fell 25p, or 4.6%, to 517.5p.

Meanwhile, Royal Bank of Scotland (RBS) is to shift £13 billion worth of business to the Netherlands if the UK crashes out of the European Union with no deal.

About 30% of the customers for its investment banking unit, NatWest Markets, will move to the lender’s new Dutch subsidiary as well as existing transactions by March 4 in the event of a disorderly Brexit.

RBS shares declined 10p, or 4.5%, to 212p.

The biggest risers on the FTSE 100 were Randgold Resources were up 174p to 6,556p, Fresnillo up 8.4p to 783p, and Severn Trent up 1p to 1,853.5p.

The biggest fallers on the FTSE 100 were Antofagasta down 57.80p to 760p, Prudential down 94.50p to 1,410p, Schroders down 152p to 2,357p, and Melrose Industries down 9.85p to 156.5p.

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£56bn wiped from FTSE 100 over China-US fears following Huawei arrest

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FTSE 100 surges as trade war fears buoy investors https://bmmagazine.co.uk/newswire/ftse-100-surges-as-trade-war-fears-buoy-investors/ https://bmmagazine.co.uk/newswire/ftse-100-surges-as-trade-war-fears-buoy-investors/#respond Mon, 03 Dec 2018 17:20:41 +0000 https://www.bmmagazine.co.uk/news/ftse-100-surges-as-trade-war-fears-buoy-investors/ 2.39500676

The FTSE 100 surged on Monday as traders kicked off December by celebrating a ceasefire in the US-China trade war.
London’s top flight ..

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FTSE 100 surges as trade war fears buoy investors

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The FTSE 100 surged on Monday as traders kicked off December by celebrating a ceasefire in the US-China trade war.

London’s top flight added 82.17 points, or 1.18%, to close at 7,062.41 as miners led the charge.

Michael Hewson, analyst at CMC Markets UK, said: “European markets have had a decent start to the month, after an escalation to the US China trade dispute was deferred well into next year.

“Some have suggested that it is premature to get too carried away and in some respects that is correct, but for the here and now, and in the absence of anything else it is still a positive outcome, and could drive some strong gains in the weeks ahead.”

Antofagasta and Evraz were two of the day’s biggest winners, rising 62.8p to 863.2p and 34.7p to 488.8p respectively.

At the bottom of the index was GlaxoSmithKline, which was involved in two deals on Monday.

First, the drugs maker sold Horlicks and a clutch of other health drink brands in India to Unilever for 3.3 billion euros (£2.94 billion).

Later in the day, GSK announced it is to acquire oncology-focused US pharma business Tesaro for 5.1 billion US dollars (£4 billion).

Shares closed down 123.6p at 1.498p.

On the FTSE 250, shares in travel firm Thomas Cook continued their slide as investors fret over its long-term prospects.

The company’s stock shed another 6.46p, or 24.46%, to close at 23.64p.

Traders appeared to be reacting to a note issued by Berenberg, which said Thomas Cook must raise £400 million to deal with its debt, cut its target price to 12p from 65p and cut its rating to sell from hold.

Last week, the group unveiled a loss after tax of £163 million, compared with a profit of £9 million this time last year.

McColl’s shares tanked after the convenience store operator warned over profits as it was stung by the collapse Palmer & Harvey.

The group said in a trading update that the failure of the supplier resulted in “significant supply chain disruption”, and that it is “continuing to experience a number of challenges”.

As a result, McColl’s now expects adjusted earnings for the full year to come in at around £35 million, down from a previous forecast of £44 million.

Investors sent shares tumbling nearly 30%, or 35.35p, to 83.4p.

The pound, meanwhile, came under selling pressure as Brexit once again took its toll.

Sterling shed 0.3% versus the US dollar to sit at 1.274 at the London market close.

Against the euro, the pound was also down 0.3% at 1.122.

Mr Hewson added: “The pound has come under pressure, despite economic data that continues to show a UK economy that is outperforming the rest of Europe. Political concerns are once again acting as an anchor on sentiment as scepticism over whether Theresa May’s Brexit deal will get passed through Parliament next week.”

In Europe, Germany’s DAX closed up 1.85% and France’s CAC was 1% higher.

A barrel of Brent crude was trading at 60 US dollars, a rise of 2.6%.

The biggest risers on the FTSE 100 were Antofagasta up 62.8p at 863.2p, Evraz up 34.7p at 488.8p, Anglo American up 109.2p at 1,675.4p and Wood Group up 39.4p at 674.4p.

The biggest fallers on the FTSE 100 were GlaxoSmithKline down 123.6p at 1,498p, Kingfisher down 7p at 243p, BT Group down 5.4p at 256.6p and Royal Mail down 4.4p at 315.4p.

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FTSE 100 surges as trade war fears buoy investors

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Shares end day in negative territory as housebuilders and miners punished https://bmmagazine.co.uk/newswire/shares-end-day-in-negative-territory-as-housebuilders-and-miners-punished/ https://bmmagazine.co.uk/newswire/shares-end-day-in-negative-territory-as-housebuilders-and-miners-punished/#comments Fri, 30 Nov 2018 17:07:35 +0000 https://www.bmmagazine.co.uk/news/shares-end-day-in-negative-territory-as-housebuilders-and-miners-punished/ 2.34819280

The FTSE 100 ended in the red on Friday as housebuilders and mining stocks weighed on the index.

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Shares end day in negative territory as housebuilders and miners punished

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The FTSE 100 ended in the red on Friday as housebuilders and mining stocks weighed on the index.

London’s blue chip market suffered a fall of 58.71 points, or 0.83%, to close at 6,980.24, with Antofagasta, Fresnillo and Anglo American all ending in negative territory.

Fiona Cincotta, senior market analyst at City Index, said: “The heavy weighted miners were taking a beating after manufacturing data from China overnight highlighted the growing impact of the US trade war.

“Chinese manufacturing activity dropped to the lowest level in 2 years with a PMI of just 50, whereby 50 separate contraction from expansion.

“High tariffs that have been applied to both US and Chinese goods are starting to be reflected in economic data, as the G20 summit begins.”

Housebuilders were also under pressure following Nationwide’s latest index.

It showed house price growth picked up in November from a previous five-year low, but the market remains “subdued”, the building society concluded.

Property values increased by 0.3% month on month, compared with 0% growth in October.

The annual rate of house price growth also strengthened, to 1.9% in November, from 1.6% in October, which had been the weakest annual increase seen in more than five years.

Taylor Wimpey shed 4.55p to end at 134p, Barratt Developments close down 10.5p at 462.2p, Berkeley Group lost 80p to end at 3,226p and Persimmon dropped 65.5p to 1,900p.

FTSE 250 listed Kier Group also took a hammering after the firm announced that it will tap investors for £264 million as storm clouds gather over the construction sector.

The firm said that the proceeds of the rights issue will go towards reducing debt and it is also aimed at strengthening the balance sheet.

Explaining its rationale for the move, Kier said it believes that risks associated with its net debt position have recently increased.

Shares tumbled over 32%, or 244.5p, following the announcement to 508p.

The pound also came under pressure, with Brexit once again guiding the hand of currency traders.

Sterling dropped 0.2% versus the US dollar at 1.276.

David Madden, analyst at CMC Markets, said: “GBP/USD is lower on account of the firmer US and uncertainty surround Brexit.

“There is little support for Theresa May’s deal, some MP’s are fearful of a ‘no-deal’ Brexit and now, Donald Tusk, the President of the European Council said its ‘no deal or no Brexit’. The pressure is mounting on Mrs May, and the pound.”

Against the euro, the British currency was up 0.5% at 1.127.

In Europe, Germany’s DAX was down 0.36% while France’s CAC 40 lost 0.1%.

A barrel of Brent Crude was trading 1% lower at 59 US dollars.

The biggest risers on the FTSE 100 were GlaxoSmithKline up 24p at 1,621.6p, Centrica up 1.6p at 137.75p, Shire up 45p at 4,550p and Vodafone up 1.18p at 168.94p.

The biggest fallers on the FTSE 100 were NMC Health down 244p at 3,298p, Tui down 79p at 1,117p, Antofagasta down 36p at 800.4p and Melrose Industries down 7.8p at 176.6p.

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Shares end day in negative territory as housebuilders and miners punished

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FTSE 100 lifted into positive territory by miners https://bmmagazine.co.uk/newswire/ftse-100-lifted-into-positive-territory-by-miners/ https://bmmagazine.co.uk/newswire/ftse-100-lifted-into-positive-territory-by-miners/#comments Thu, 29 Nov 2018 17:26:17 +0000 https://www.bmmagazine.co.uk/news/ftse-100-lifted-into-positive-territory-by-miners/ 2.37839597

The FTSE 100 ended in positive territory on Thursday, buoyed by mining and commodities stocks.
London’s top flight closed the day up 34.43 pts

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FTSE 100 lifted into positive territory by miners

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The FTSE 100 ended in positive territory on Thursday, buoyed by mining and commodities stocks.

London’s top flight closed the day up 34.43 points, or 0.49%, at 7,038.95, with the likes of Antofagasta, Anglo American and Fresnillo leading the charge.

A strong performance from Wall Street overnight also helped boost the index, as well as a bounce back in oil prices.

Fiona Cincotta, a senior market analyst at City Index, said: “Following a Fed inspired rally on Wall Street, the FTSE jumped higher on the open and retained its gains across the session.

“Whilst banks initially traded higher following a comfortable pass in the most recent stress test, commodity stocks did most the heavy lifting as they traced base metals and oil prices higher.”

Brent crude was trading over 2.5% higher at 60 US dollars a barrel following a sharp sell off earlier in the week.

A weaker pound, flagging under the weight of yet more Brexit malaise, also offered support to the FTSE 100.

Sterling was down 0.3% versus the US dollar at 1.278 and the British currency shed 0.4% against the euro to 1.123 at the London market close.

“The pound was trading lower, giving back some gains from the previous session. Concerns over the outcome of Brexit and the impact that Brexit will have on the economy continued to dominate sentiment towards the pound,” Ms Cincotta said.

In stocks, Unilever shares were flat after the consumer goods giant announced the departure of boss Paul Polman.

Mr Polman, who fended off Kraft’s takeover bid and oversaw a failed plan to abandon its London listing, is to retire in the new year.

He will be replaced by Alan Jope, current president of the group’s beauty and personal care division.

Shares closed down 3.5p at 4,254.5p.

On the FTSE 250, shares in shopping centre owner Intu plummeted after suitors pulled a £2.8 billion takeover bid.

Intu, which owns the Arndale Centre in Manchester and Gateshead’s Metrocentre, was subject to a sustained sell off after a consortium of bidders blamed economic uncertainty and market volatility for the deal’s collapse.

Intu said market conditions meant the consortium – led by John Whittaker’s Peel Group – could not continue with its proposed offer within the timeframe set out by City takeover rules.

Shares were down 78.1p, or 40.5%, to 114.5p at the close.

Thomas Cook shares, meanwhile, continued their downward trajectory as the travel giant released further details of a “disappointing” financial year, two days after its stock plunged following a profit warning.

The group unveiled a loss after tax of £163 million, compared with a profit of £9 million this time last year.

As the company previously flagged in an unscheduled statement on Tuesday, underlying earnings were £58 million lower at £250 million in the year to September 30.

Shares were down a further 2.4p, or 6.65%, at 33.68p.

In Europe, Germany’s DAX shed 0.01% while France’s CAC 40 was up 0.47%.

The biggest risers on the FTSE 100 were Ashtead up 68p at 1,795.5p, Antofagasta up 30p at 836.4p, Anglo American up 51.2p at 1,611p and Wood Group up 19.2p at 646.6p.

The biggest fallers on the FTSE 100 were British Land down 35p at 570p, Land Securities down 43p at 835.4p, Severn Trent down 73p at 1,877p and Persimmon down 48.5p at 1,965.5p.

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FTSE 100 lifted into positive territory by miners

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Daily Mail group sees profits slide despite online ‘milestone’ https://bmmagazine.co.uk/newswire/daily-mail-group-sees-profits-slide-despite-online-milestone/ https://bmmagazine.co.uk/newswire/daily-mail-group-sees-profits-slide-despite-online-milestone/#comments Thu, 29 Nov 2018 15:13:02 +0000 https://www.bmmagazine.co.uk/news/daily-mail-group-sees-profits-slide-despite-online-milestone/ 2.4379500

The owner of the Daily Mail and Metro newspapers has revealed a 16% slide in annual profits and warned consumer revenues will remain un..

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Daily Mail group sees profits slide despite online ‘milestone’

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The owner of the Daily Mail and Metro newspapers has revealed a 16% slide in annual profits and warned consumer revenues will remain under pressure next year despite an online boost.

Daily Mail and General Trust (DMGT) saw its shares fall 7% after reporting underlying pre-tax profits of £182 million for the year to September 30, down from £226 million the previous year.

It saw advertising revenue from its Mail Online operations overtake its sales from the Mail’s print advertising for the first time in what it dubbed an “important milestone”.

But despite this, revenues from its consumer media arm dropped 4% over the year to £654 million.

The group also expects further falls in 2019, forecasting an underlying rate of decline in the “mid-single digits” despite a recent cover price hike for the Daily Mail from 65p to 70p following last year’s Mail on Sunday price rise.

It also expects newspaper circulation numbers to continue declining.

Paul Zwillenberg, chief executive of DMGT, said: “DMGT’s performance during the year was in line with our expectations despite some challenging trading conditions.”

On a statutory basis, the group swung to a £692 million pre-tax profit from losses of £112 million the year before thanks to the sale of commercial real estate service EDR and its stake in Zoopla firm ZPG.

Over the year, print advertising revenues for its Mail newspapers tumbled 9% amid “continued structural and competitive challenges facing the UK national newspaper advertising market”.

But Mail Online underlying revenues grew by 5% and now account for 51% of total Mail advertising.

DMGT’s Metro free-sheet saw underlying revenues rise by 4% to £71 million and now claims the largest circulation of any weekday newspaper in the UK, read by an average of 2.8 million people every day.

Overall, the consumer media division housing its newspapers saw underlying earnings fall 22% over the year to £64 million.

DMGT said: “The consumer media business is expected to benefit, despite the recent challenging market conditions, from digital advertising growth and to experience circulation volume and print advertising declines, with advertising revenues likely to remain volatile.”

Meanwhile, the group’s business-to-business division enjoyed a more resilient performance over the year, with underlying earnings 1% lower at £128 million.

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Daily Mail group sees profits slide despite online ‘milestone’

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Sterling has topsy turvy day as Brexit papers unleashed on markets https://bmmagazine.co.uk/newswire/sterling-has-topsy-turvy-day-as-brexit-papers-unleashed-on-markets/ https://bmmagazine.co.uk/newswire/sterling-has-topsy-turvy-day-as-brexit-papers-unleashed-on-markets/#respond Wed, 28 Nov 2018 17:39:54 +0000 https://www.bmmagazine.co.uk/news/sterling-has-topsy-turvy-day-as-brexit-papers-unleashed-on-markets/ 2.34653075

The pound was subject to another day of volatility as currency traders digested a flurry of reports that detailed the impact of a hard Brexit

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Sterling has topsy turvy day as Brexit papers unleashed on markets

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The pound was subject to another day of volatility as currency traders digested a flurry of reports that detailed the impact of a hard Brexit.

Sterling made gains early in the day before dipping, and then rose again following the market close, just as the Bank of England released a doomsday Brexit assessment.

The pound was up 0.5% versus the US dollar to 1.280 US dollars and flat against the euro at 1.12 in evening trade.

It came after the Bank warned that the pound would crash, inflation soar, interest rates would have to rise and Britain’s growth would plummet in the event of a no-deal disorderly Brexit.

The apocalyptic outcome, contained in the Bank’s analysis of various EU withdrawal scenarios, would also see unemployment skyrocket.

Earlier in the day, the Government released its own Brexit impact assessment, which found that withdrawal from the EU under Theresa May’s plans could cut the UK’s GDP by up to 3.9% over the next 15 years.

But leaving without a deal could deliver a 9.3% hit to GDP over the same period and the UK will be poorer in economic terms under any version of Brexit, compared with staying in the EU.

The FTSE 100, meanwhile, closed down 12.33 points, or 0.18%, at 7,004.52.

In stocks, shares in the Restaurant Group took a hammering after the firm clinched approval for its controversial takeover of the Wagamama chain, despite a significant level of opposition from shareholders.

The full results showed just under 61% of shareholders supported the £559 million deal, which will be paid for through a combination of a £315 million rights issue and a £220 million revolving credit facility.

The Restaurant Group – which is also behind Frankie & Benny’s and Garfunkel’s – said it would engage with investors to address their concerns.

However, this fell on deaf ears as sceptical investors sent shares down 35.5p, or 15.1%, to 199.5p at the close.

Shares in Telford Homes were on the rise despite the housebuilder warning it still has “work to do” to meet its full-year profit targets, adding that Brexit has added further uncertainty to its ability to hit forecasts.

The London-focused group said it has just under 60 house sales to achieve, of which 20 are priced above £600,000 – the price bracket that has been hardest hit by Brexit worries.

While this is down from 90 homes left to sell in October, the group is concerned over buyer demand amid mounting uncertainty about Brexit.

Nevertheless, the company’s stock was up 10.5p at 310p.

In Europe, Germany’s DAX was down 0.09% while France’s CAC 40 was flat.

A barrel of Brent crude was trading at 60 US dollars, a decline of over 1%.

The biggest risers on the FTSE 100 were Antofagasta up 27.8p at 806.4p, Ocado up 17.4p at 833.4p, Just Eat up 11p at 589p and Ferguson up 90p at 4,907p.

The biggest fallers on the FTSE 100 were easyJet down 59.5p at 1.159.5p, Persimmon down 99p at 2,014p, Taylor Wimpey down 6.2p at 141.4p and IAG down 24.6p at 632.4p.

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Sterling has topsy turvy day as Brexit papers unleashed on markets

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Markets lower on Brexit, Italy & US-China woes https://bmmagazine.co.uk/newswire/markets-lower-on-brexit-italy-and-us-china-woes/ https://bmmagazine.co.uk/newswire/markets-lower-on-brexit-italy-and-us-china-woes/#respond Tue, 27 Nov 2018 17:29:40 +0000 https://www.bmmagazine.co.uk/news/markets-lower-on-brexit-italy-and-us-china-woes/ 2.34356785

Markets traded lower on Tuesday on investor concerns over Britain’s departure form the European Union, Italy’s budget issues and US-China

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Markets lower on Brexit, Italy & US-China woes

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Markets traded lower on Tuesday on investor concerns over Britain’s departure form the European Union, Italy’s budget issues and US-China trade tensions.

The FTSE 100 closed 19.15 points, or 0.3%, lower at 7,016.85.

France’s Cac was down 0.2%, while Germany’s Dax fell 0.4%.

David Madden, market analyst at CMC Markets, said: “Stock markets are in the red following yesterday’s bullish move. Fears regarding US-China trade, Italy’s budget and Brexit all play into the mix.

“President Trump warned that the levy on Chinese imports might be increased, and further tariffs could be announced. This dampened investors’ hopes about a deal being struck at the G20 summit.”

Meanwhile, the pound came under pressure as opposition to Prime Minster Theresa May’s EU Withdrawal Agreement continued.

The pound was down over 0.5% versus the US dollar at 1.273 and the British currency shed 0.2% against the euro to finish the session at 1.128.

Mr Madden said: “The DUP, who are propping up the Conservatives at Westminster, have made it clear they won’t support it. Former defence secretary Michael Fallon said it was ‘doomed’.

“The chances of a ‘no-deal’ Brexit have increased as there is speculation that the deal will be voted down, and that is weighing on the pound.”

Oil prices were largely unchanged as investors continued to fret about oversupply and the trade tariffs between the US and China.

“Saudi Arabian production reached a record high, and tensions are rising between the US and China in relation to trade, and dealers are cautious that demand might drop too.” Mr Madden said.

A barrel of Brent crude was up 0.4% at 60.63 US dollars (£47.60).

In corporate news, Thomas Cook closed 10.98p, or 23%, lower to 37.56p after it issued its third profit warning of the year.

The company said it would take a £30 million hit to profits in an unscheduled announcement due to extra costs and the effect of the heatwave on holiday bookings.

Topps Tiles shares fell 1p to 65p after the company said it is stockpiling key products ahead of Brexit as it prepares for possible supply disruption.

The retailer said it would increase stock levels of “key selling lines” ahead of March 2019, echoing the likes of Premier Foods and Pets at Home – which have also said they will store products in case of disruption.

Shares in Greggs rose 136p to 1,373p after the bakery chain upped its full-year profit outlook thanks to a rise in sales following strong autumn trading.

The group, which has more than 1,900 shops across the UK, saw like-for-like sales growth strengthen to 4.5% in the eight weeks to November 24.

Pets at Home shares were down 1.3p to 113.3p after the company revealed action to stockpile pet food and products worth millions of pounds ahead of Brexit as it announced 30 vet practices are set for possible closure.

New chief executive Peter Pritchard, who took on the top job in May, told the Press Association the group has already imported goods worth a “couple of million pounds” as part of no-deal Brexit contingency plans.

The biggest risers on the FTSE 100 were Coca-Cola up 104p to 2,373p, Ocado up 26.20p to 816p, Kingfisher up 5.7p to 253.8p, and Intertek up 106p to 4,752p.

The biggest fallers on the FTSE 100 were Johnson Matthey down 127p to 2,950p, GVC Holdings down 30.20p to 778.5p, Antofagasta down 27.20p to 778.6p, and Evraz down 15.50p to 460.6p.

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Markets rise on possibility Theresa May could get Brexit deal approved https://bmmagazine.co.uk/newswire/markets-rise-on-possibility-theresa-may-could-get-brexit-deal-approved/ https://bmmagazine.co.uk/newswire/markets-rise-on-possibility-theresa-may-could-get-brexit-deal-approved/#respond Mon, 26 Nov 2018 17:36:09 +0000 https://www.bmmagazine.co.uk/news/markets-rise-on-possibility-theresa-may-could-get-brexit-deal-approved/ 2.39874286

Markets rose on Monday as investors clung onto the possibility that Theresa May could get her Brexit deal approved in Parliament

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2.39874286

Markets rose on Monday as investors clung onto the possibility that Theresa May could get her Brexit deal approved in Parliament after EU leaders backed it over the weekend.

Reports that Italy might reduce its deficit requirement for its budget were also supportive to European trade.

David Madden, market analyst at CMC Markets, said: “News over the weekend that EU leaders endorsed the deal for the UK’s exit of the bloc has also lifted investor sentiment.

“Traders are clinging onto the possibility that Theresa May will get enough support to get the deal approved.

“Mrs May will have an uphill struggle, but some MPs might vote in favour of it as they are too scared of no-deal scenario.”

He said the pound is likely to hold-up in the absence of ‘no-deal’ chatter, however if opposition to the deal ramps-up it would “likely hurt the pound as it would open up the possibility of a no-deal situation.”

The FTSE 100 closed 83.14 points, or 1.2%, higher at 7,036.

France’s Cac was up 1% while Germany’s Dax rose 1.5%.

The pound was down 0.1% against the US dollar to 1.281 US dollars and was down 0.1% versus the euro at 1.130.

Meanwhile, Oil prices recovered from Friday’s lows on concerns of a supply glut.

Mr Madden said: “Oil has rebounded as short covering and bargain hunting has driven the price higher.

“The energy might be moving higher today, but the backdrop is still very negative. Concerns about supply persist.

“That being said, there is speculation that Opec (the Organisation of the Petroleum Exporting Countries) will announce production cuts at their meeting in December.”

In corporate news, shares in WPP closed up 26.40p, or 3.1%, to 879p after the advertising giant said it will merge its Wunderman and J Walter Thompson agencies.

The group, which has been rocked by the departure of founder and chief executive Sir Martin Sorrell, said that the merged entity will be called Wunderman Thompson, with a focus on creative, data and technology.

Shares in Faroe Petroleum rose 33.80p, or 27%, after its largest shareholder launched a £608 million takeover bid for the company.

DNO, a Norwegian firm which already owns more than 28% of Faroe, said it was offering a “considerable premium” for investors wishing to exit amid the uncertainty of the oil market.

Rio Tinto shares slipped 13p, or 0.4%, to 3,629p after the mining giant announced the sale of an African uranium business as part of its strategy to shed unwanted assets.

The Anglo-Australian firm will sell its majority stake in Namibian mine owner Rossing Uranium to China National Uranium Corp for up to 106.5 million US dollars (£83.1 million).

A barrel of Brent crude was trading up 2.6% at 60.70 US dollars (£47.35).

The biggest risers on the FTSE 100 were Wood Group up 44.80p, or 7.6%, to 632.4p, Vodafone up 9.7p, or 6.3%, to 164.82p, Fresnilo up 4.2%, or 31.4p, to 777.8p, and Prudential up 56.5p, or 3.7%, to 1,575p.

The biggest fallers on the FTSE 100 were Just Eat down 21.2p, or 3.5%, to 581p, Royal Mail down 7.10p, or 2.1%, to 332.9p, Paddy Power down 150p, or 2.1%, and Melrose Industries down 3.65p, or 2%, to 178.2p.

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Markets rise on possibility Theresa May could get Brexit deal approved

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