US markets fall while oil prices rise after attacks on Saudi supply September 16, 2019 Wall Street fell this afternoon after the weekend’s attack on Saudi crude oil facilities knocked out five per cent of the world’s supply. The attack on the world’s biggest oil exporter boosted oil prices by as much as 20 per cent before they eased off, as US President Donald Trump gave the green light for [...]
Up in smoke: Imperial Brands to put breaks on dividend July 8, 2019 British tobacco giant Imperial Brands is set to abandon its ten per cent dividend growth target as it focuses on catching the vaping market. The news came alongside a £200m share buyback, sending the company soaring on the London exchange. Read more: Puffed – Imperial Brands shares drop on vaping slowdown Shares rose 2.74 per [...]
FTSE 100 closes lower as the pound sterling (GBP) rises and company results disappoint February 23, 2018 The UK’s blue-chip index closed slightly lower today as investors picked apart a string of companies’ full-year results. There were a couple of reasons for the FTSE’s decline today though, according to Connor Campbell, a financial analyst at Spreadex. “Primary among them was the fact sterling found itself 0.2 per cent higher against the dollar [...]
Ashtead slashes pension entitlements for top execs August 4, 2019 FTSE 100 plant hire firm Ashtead has axed pension entitlements worth up to 40 per cent of salary for its senior executives as pressure grows on UK public companies to cut excessive pension packages. Ashtead has cut pension perks for its senior staff from up to 40 per cent of salary to a maximum 15 [...]
Pearson holds full-year guidance as digital shift pays off July 26, 2019 Pearson has held its guidance for the full year as the firm’s ongoing shift from textbooks to digital formats drove robust trading in the first half. The publishing and education firm posted a two per cent decline in revenue to £1.83bn in the first six months of the year. Read more: Pearson sales slip as [...]
European stock markets rise as traders look to the Fed August 21, 2019 European stock markets have risen this morning as investors hope for dovish signals from the US Federal Reserve, which is due to release the minutes from its last meeting later today. The Fed will also meet for its yearly symposium in Jackson Hole, Wyoming on Friday, where chair Jay Powell is expected to hint at [...]
The rising abuse of short-selling tactics could have severe consequences on healthy businesses November 12, 2019 Share prices have always been subject to manipulation. The “pump and dump” phenomenon in penny shares has been such a common risk that many people avoid buying such volatile stocks to this day. Layers of legislation and regulation have been designed and policed to prevent companies and brokers from this kind of activity — broadly [...]
Burberry shares soar as customers welcome new designer’s collections July 16, 2019 Iconic British fashion brand Burberry boosted sales as new designs by creative chief Riccardo Tisci were snapped up by customers. Shares in the FTSE 100 firm were up 8.26 per cent this morning following the first quarter trading update. Read more: Burberry fails to stop the selling Retail revenue in the quarter to the end [...]
European stock markets fall as oil worries shake investors September 16, 2019 European stock markets have fallen this morning as investors sell so-called risk assets following a severe spike in the price of oil due to a drone attack on a Saudi Arabian facility. Read more: Saudi Arabia oil facilities engulfed in flames after drone attacks The attack, believed to have been carried out by Yemen’s Houthi [...]
Autonomy founder Mike Lynch to testify in $5bn civil fraud case June 26, 2019 British businessman Mike Lynch will testify in court this afternoon in the latest phase of the UK’s largest civil fraud case. Lynch will give evidence at the High Court in central London today as he faces questioning over an alleged $5bn fraud. Read more: HP ‘not suing Autonomy US exec to go after Mike Lynch’ [...]