torsdag den 4. august 2016

Quantum Computing Will Transform Our Lives - and Our Portfolios

 
Quantum Computing Will Transform Our Lives - and Our Portfolios

By Victor Hill

The greatest technological leap forward for humanity in the second quarter of the 21st Century will be Quantum Computing (QC). It will accelerate computer processing speeds beyond our imagination. It's a weird world; and yet the first QC inspired computers are already working on problems of mind-boggling complexity.

Quantum Theory was formulated in Europe in the 1920s by Max Planck, Niels Bohr and others after Einsteinian Relativity had already become main stream. These two branches of physics have never fully been reconciled with one another. Relativity is the physics of the unspeakably large, while quantum theory is the physics of the unimaginably small. They appear to obey different laws. (Mankind, as Sir Arthur Eddington once ventured, is half way between the two.)

The un-mathematicised nub of quantum theory is that matter (particles such as electrons) can exist in two places at once. Or even (sorry about this) anywhere in between. Physicists know this due to an experimental technique called diffraction. And they can describe this phenomenon mathematically. Quantum objects like electrons are sometimes observed as particles and sometimes as waves. Or they can be described as both at the same time...

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The Master Investor Market Report

  • The FTSE 100 closed the day at 6,740.16 an increase of 105.76 points.
  • The FTSE 250 rose 247.19 points to finish at 17,244.32.
  • The FTSE All Share climbed 55.16 points to finish at 3,659.12.
  • The FTSE AIM All Share finished at 761.66, up by 4.33 points.

Insurer Aviva (AV.) increased its interim dividend by 10% to 7.42p after operating profits for the first half of the year climbed by 13% to £1.33 billion. General insurance premiums were up by 7% while fund management income grew by 48%, but the company also faced increased expenses from higher natural disaster and weather claims as well as altered distribution agreements. The shares climbed 6.70% to 410.80p.

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Shares in drug producer Hikma Pharmaceuticals (HIK) fell by 16.8% to 2,220p as the stock was downgraded from "buy" to "neutral" by analysts at Citi with a target price of 2,600p. The company issued a statement after the markets closed yesterday warning that new drug approvals in the US were proceeding slower than hoped and that there will be a level of litigation costs related to its current generics pipeline.

Newspaper publisher Johnston Press (JPR) swung to a statutory pre-tax loss of £183.7 million for the half year ended 2nd July mostly due to a £183.6 non-cash impairment as it reassessed its print titles and assets. The acquisition of the 'i' newspaper provided a boost to revenue and circulation during the second quarter, but markets remain challenging and the advertising sector has been soft. Shares in Johnston Press dropped 15.45% to 11.625p.

Tomorrow's news today

Royal Bank Of Scotland (RBS) and William Hill (WMH) will release interim results.

Quote of the day

"Defeat is not the worst of failures. Not to have tried is the true failure."
- George Edward Woodberry

Latest Stories

VAT Cut To Bouy Next?

By Robert Sutherland Smith

Next (LON:NXT) at 5,250p, after the second-quarter trading statement, looks lowly rated, both absolutely and historically, and provides an excellent vehicle to ride the sentiment effect of a Gordon Brown-like stimulation of the economy - successfully achieved in 2010 when the UK economy began growing again despite the alarming impact of a world banking crisis… Click Here To Read The Full Story

Chart Of The Day: Inmarsat

By Zak Mir

Inmarsat, the mobile satellite services group, seems to be rather less space age at the moment than one might have expected on the fundamental front. But at least from a technical perspective it would appear the stock is ready to head to the upper reaches of the stratosphere… Click Here To Read The Full Story

Buying Japan Against the Crowd

By Filipe R Costa 

So here we are again at a junction where policymakers have only two choices: one leads to a merry-go-round that ends and starts at the exact same point; the other leads to a dead-end, forcing a return to the departure point… Click Here To Read The Full Story

Chart of The Day: HSBC

By Zak Mir

Rather infuriatingly for bears of the banking sector, it would appear that good news is great news (in share price terms) and bad news is good news. So being short of the key protagonists is a difficult affair... Click Here To Read The Full Story

The Evil Diaries: Justice For Tom Hayes!

By Evil Knievil

Readers will recall comments made here a few months ago concerning Tom Hayes, who is in jail pursuant to his Libor-rigging trial. He suffers from Asperger's (a condition which itself raises questions) but is assisted by his wife, Sarah, who is clearly a brick… Click Here To Read The Full Story

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