Cocoa trader moves market single-handedly
Anthony Ward, the UK financier, this week moved the cocoa market single-handedly with a deal worth in excess of £650 million. He now owns enough cocoa to produce 5.3 billion quarter pound chocolate bars and could single-handedly force chocolate bar manufacturers around the world to increase their prices. So who is Anthony Ward and why has he taken such a gamble?
Rumoured to be worth in the region of £36 million, Anthony Ward has taken a number of significant gambles on the cocoa in the past and bagged some very large profits. The price of this popular commodity increased by 0.7% to £2732 per metric ton after the transaction, which is the highest cocoa price seen since 1977. Anthony Ward carried out a similar transaction back in 2002 and bagged a profit of £40 million taking advantage of supply issues in Africa.
Over the last few months we have seen how the commodity, and other investment markets, can be heavily influenced by a small number of large transactions, often having a significant impact upon the wider economy. Even though investors are now fully aware of Anthony Ward's position in the market he still hopes to bag a large profit in due course if the price continues to move north.
Have Our MPs Got A Clue About The Cost Of Living?
When a Labour MP by the name of Tom Harris was asked about the rising cost of living and transport expenses, many observers had expected the traditional Party line – we are doing our best, we feel your pain, etc. However, what happened next seems to have caught many journalists and observers on the hop!
Transport Minister Tom Harris is reported to have requested that the UK p...
Wind power delay for UK government
Despite yesterday claiming that up to 50% of UK homes will have their electricity supply originating from wind power by 2020, the UK government has been forced to admit that this particular plan is ambitious to say the least. Aside from the fact that the 6,400 new wind farms, which will be located offshore, will take longer than first expected to arrive there is also the problem of transferring th...Read More
Students face £25,000 debt burden on graduation
The Student Debt Survey was published today and does not make good reading for those looking at further education in the future. The expected debt which a student will be saddled with on leaving further education has increased by 5.4% since 2009 and now stands at a record £25,000! The report suggests that while the Student Loan Company is proving very useful to students, many are finding it di...Read More
Will the Ukraine and Russian gas dispute affects EU supplies?
As the Russian conflict with Ukraine over gas supplies continue to grow there are serious concerns that the Russian threat to "switch off" the pipeline which flows through the Ukraine into Europe will affect the EU market directly. While the Ukraine pipeline is not the only supply line to the EU it offers a vital supply to a growing market. So will Russia carry out its threat to cut off the pipeli...Read More
Green Proposals To Cost More Than Traditional Power
As the UK government look to 2020 and the EU imposed renewable energy target of 15% it seems as though the UK consumer may be blitzed by a new green push from the authorities. Energy Minister Malcolm Wicks has today taken to the airwaves to announce an ambitious £100 billion project which will see the development of a whole new green culture in the UK and a number of new environmentally friendly...Read More