Insurer Direct Line suffers as premiums drop in a competitive market May 8, 2019 Shares fell at Direct Line this morning as the insurer faced lower gross written premiums in the first quarter of the year. The measure fell 2.1 per cent to £753.9m, driven by a 4.2 per cent contraction in the UK’s largest motor insurance unit to £386.9m. Read more: FTSE 100 insurer Direct Line posts drop [...]
Another Vale dam on the brink of collapse, says auditor March 24, 2019 Brazilians have been forced to evacuate their homes after independent auditors found that another dam run by iron miner Vale is on the brink of collapse. The mining waste dam in the city of Barao de Cocais, was declared unsafe just two months after a similar dam in the same state burst, killing hundreds. Read [...]
Vodafone rockets 8% amid IPO excitement July 29, 2019 It’s been a long time coming, but Vodafone has a market-friendly strategy to underpin a recovery. The spin-off of the “TowerCo” business is by far the most scintillating development within Vodafone (LSE:VOD) first-quarter trading update. Vodafone had previously mentioned that it was planning to monetise this part of the business, and has now added some flesh to [...]
Can you Brexit-proof your investment portfolio? September 16, 2019 The future of Brexit is unknown, but investors and traders need to be proactive if they are to avoid any sudden shocks. Here’s how you might Brexit-proof your investment portfolio. The UK hasn’t left the EU yet, but Brexit is already wielding its influence over the financial markets. For the past three years, investors and traders [...]
Markets roundup: Pound sterling hits its highest since the Brexit vote as FTSE 100 smashes records January 12, 2018 The pound partied hard this afternoon following reports of good news for Brexit negotiators – as the FTSE 100 ended the week by breaking another record Sterling began the evening more than one per cent higher against the dollar, while it mustered a 0.2 per cent rise against the euro as reports the Spanish and [...]
UK FTSE 100 housebuilder bosses lined up to pocket £126m in 2018 December 14, 2017 Bosses of the top FTSE 100 housebuilders are in line for an epic £126m payout next year as part of their long-term share rewards. Jeff Fairburn, chief executive of Persimmon, is in line for the biggest payout. If the firm performs as analysts expect this year, Fairburn could receive £116m from share grants. Read more: [...]
NMC Healthcare raises guidance after Saudi Arabia pension fund deal May 28, 2019 NMC Healthcare's share price rose more than seven per cent today after the Abu Dhabi-based company raised its full-year guidance on the back of a partnership with Saudi Arabia’s state-run pension fund. Read more: NMC Health shares soar following Aspen acquisition and profits rise The private hospital and care provider now expects sales of between $2.5bn [...]
Global stocks continue downwards trend as poor Chinese data adds to trade fears May 8, 2019 Global stock markets have continued to slide today as investors digested the impending increase of US tariffs on goods from China and weaker-than-expected Chinese exports. Read more: Global markets in tailspin after Trump threatens huge China tariff rise The UK benchmark FTSE 100 had fallen 0.4 per cent to 7,234.96 shortly after midday UK time [...]
Bitcoin sees major retrace January 11, 2021 Crypto at a Glance After the parabolic excitement of last week, it was back down to Earth with a bang last night for bitcoin fans – albeit somewhat predictably. The leading cryptocurrency by market cap dropped more than $7,000 in a matter of hours – a fall that was echoed across the space, as many alt [...]
Wall Street shares plummet after Apple warning over China slowdown January 3, 2019 Wall Street shares have plummeted in response to Apple’s warning over a slowdown in China. All three major US indices tumbled on opening as Apple’s nine per cent fall caused another painful day for investors. The tech giant said lower demand for its products in China and the country’s economic deceleration were to blame for [...]