Moving parts: Jumbo jet engine charges hurt Rolls-Royce as manufacturer pulls out of Boeing bid February 28, 2019 Rolls-Royce’s share price moved down a gear this morning as it announced it had dropped out of bidding to supply engines for Boeing’s new midsize plane model because it could not meet the timetable. The company reported an operating loss of £1.2bn in its full year results, after being hit by one-off charges relating to [...]
FTSE dividend payments to hit record £94bn next year and yields boosted by market drop December 13, 2018 FTSE 100 dividend payments could hit record highs of £94bn next year while falling markets have increased yields, tempting investors and keeping the index stable amid political uncertainty. A difficult autumn for the markets with shares falling has seen the forecast dividend yield for the blue chip index rise to 4.9 per cent for 2019, [...]
How VCTs can be used to build the next ARM in the UK February 27, 2019 When Venture Capital Trusts were launched in 1995, their purpose was simple: enable SMEs to raise risk equity finance. It’s easy to see why. In 2018, small businesses made up 99.3 per cent of the private sector in the UK and 60 per cent of all private sector jobs. SMEs play an important role in the economy, [...]
Cairn Energy quits Norway with $100m subsidiary sale November 27, 2019 Edinburgh-headquartered Cairn Energy this morning announced it would sell its final Norwegian oil subsidiary to Solveig Gas for $100m (£77.7m). The disposal of Capricorn Norge AS, which is expected to complete in January, will see Cairn reduce its committed exploration capital expenditure by $100m. Read more: Cairn Energy shares drop 10 per cent The FTSE [...]
Barclays rallies as shareholders promised more February 25, 2019 In a bear trend since 2007, Barclays has won over the market with this update, at least temporarily. These numbers from Barclays (LSE:BARC) have been well received on the basis of "jam tomorrow", as the high street bank continues to suffer from litigation and conduct fines, whilst growing strongly excluding these charges. The increase to [...]
Hedge funds bet against Ladbrokes owner GVC February 23, 2020 Hedge fund tycoon Ken Griffin is building a bet against Ladbrokes owner GVC as it battles a potential increase in regulation. Griffin, the founder of hedge fund Citadel, has taken an £80m bet against the bookmaker, as other traders also increased their positions, according to the Sunday Times. It has made GVC the FTSE 250 [...]
Water giant United Utilities forecasted to hit higher profits November 18, 2018 United Utilities, the UK’s largest listed water firm, is forecasted to post a rise in earnings and profits when it reveals its first-half results later this week. According to City estimates the FTSE 100 group is set to report earnings before interest and tax (EBIT) of £360m in the first six months of the financial [...]
Brexit: Sterling falls further as Theresa May says UK-EU negotiations are at an impasse September 21, 2018 Theresa May said Brexit negotiations are at an impasse today, in a speech where she called for “respect” following Brussels’ snub to her Chequers plan yesterday. Her speech accelerated sterling's losses, with the pound dropping from 1.33 against the US dollar at the start of the day to 1.31 following her talk, and from 1.13 to [...]
Brexit: Sterling falls further as Theresa May says UK-EU negotiations are at an impasse September 21, 2018 Theresa May said Brexit negotiations are at an impasse today, in a speech where she called for “respect” following Brussels’ snub to her Chequers plan yesterday. Her speech accelerated sterling's losses, with the pound dropping from 1.33 against the US dollar at the start of the day to 1.31 following her talk, and from 1.13 to [...]
European markets fall after Federal Reserve hints at rate hike November 9, 2018 European markets have fallen this morning after the US central bank hinted at an interest rate hike next month. The Federal Reserve decided to leave interest rates unchanged yesterday but the US central bank said it saw “further gradual increases” ahead. The Euro Stoxx 600, made up of markets in 17 countries, was down 0.7 [...]