Super Bowl theory isn’t worth a punt
CMC Markets’ Colin Cieszynski wonders whether the result of the Super Bowl, which takes place on Sunday, affects markets (spoiler: it doesn’t).
Judging by previous results, he thinks they could be in for a
“highly volatile” year (completely unrelated to Brexit and Donald Trump, of course).
It is certainly set to be a volatile year for CMC, whose shares, having been crunched by the FCA’s crackdown on spread-betters, are now worth less than half last year’s listing price. What’s the equivalent of an own goal in American football?
ARE there any chief executives in the Square Mile under threat from Donald Trump’s travel ban? The chief of FTSE 250 oil producer Petrofac, Ayman Asfari, for example, was born in Syria, one of the seven countries that have been targeted by The Donald. Spinners clarify that Asfari is a British citizen — plus Petro’s US presence is only small — so the company is unaffected by the ban. But questions remain for the Syrian, Iraqi, Iranian, Libyan, Somalian, Yemeni and Sudanese nationals who are working in the City and need to travel to the US to meet clients and investors. GINA Miller’s been in the news a lot of late, but what of her hubbie and former New Star fund manager Alan Miller? One who did a lot of business with him in the past tells Spy he was known as “Mugger” Miller, due to the way he struck a hard bargain with his brokers. Don’t mess with the Millers.