Predator Oil & Gas sets sights on monetising Trinidad and Ireland prospects August 28, 2018 Predator Oil & Gas Holdings today outlined plans to generate cash for investors after successfully funding its short and medium-term operations in its recent listing on the London Stock Exchange. The new listing, formed to take advantage of drilling prospects in the Republic of Trinidad and Tobago, raised £1.3m through its May IPO, and has [...]
Ten events that could move stock markets in the final quarter of 2018 September 7, 2018 As many northern hemisphere investors get their feet back under their desks after the summer break, we look at the key events and themes likely to be on the agenda for September and the fourth quarter of 2018. 1) Global trade negotiations The US and China held fresh, and largely fruitless, trade talks in August. [...]
Big brains, fake news and bad deals: Five things Trump said last night to spark worldwide outrage September 27, 2018 Bloomberg has called it “the end of presidential press conferences”. In a bizarre and colourful 83-minute news conference last night, Donald Trump, as is his wont, gave reporters much to chew on. Sexual assault allegations against his Supreme Court nomination and an escalating trade war with China were among the issues the President confronted. [...]
Morning markets update: London’s FTSE continues to climb after Wall Street tech rally May 8, 2018 The FTSE has continued to rally this morning, buoyed by a strong performance on Wall Street overnight and positive results in Asian markets. The London stock index was up 13 per cent, edging back up towards the 7,600 level, led by gains from Shire pharmaceutical after it agreed to a $62bn (£45.9bn) takeover from Japanese [...]
BP invests $20m in company developing electric vehicle batteries that will take as long to recharge as refuelling a petrol car May 22, 2018 Oil giant BP has announced that it will invest $20m (£14.8m) in Storedot, a company which is in the process of developing batteries for electric vehicles (EVs) that will take the same time to recharge as refuelling a normal petrol car. The investment in the Israeli battery company is part of BP Venture’s effort to [...]
Oil bulls at risk of being complacent July 17, 2018 Crude oil prices have continued to struggle today with Brent prices trading near three month lows. Recent weakness in commodity prices appears to be starting to act as a bit of a drag on equity markets more broadly, with the current weakness in Brent crude oil suggesting contrary to some indications that we may well [...]
Theresa May should let Boris be Boris from the backbenches June 26, 2018 Is Boris Johnson such a good foreign secretary that the rules of cabinet collective responsibility simply need not apply to him? Is he such a skilled diplomat that the rules must bend to excuse him from a vote on the vital issue of our country's future aviation strategy? Is this country so in need of [...]
Putin admits he wanted President Trump to win the US election, as Trump attacks the FBI investigation into alleged Russian interference | City A.M. July 16, 2018 After a one-on-one meeting today in Helsinki, Russian President Putin admitted that he was rooting for Trump to win the 2016 US election, while both men denied any foreign interference in the election’s outcome. “I wanted Trump to win because he spoke about normalising Russian relations,” Putin said in a post-meeting press conference. He added [...]
Premier Oil ramps up oil production to pay off £2bn debt May 16, 2018 Premier Oil is ramping up its oil production, taking advantage of the four-year high crude prices to start paying off its $2.7bn (£2bn) debt. The company announced that the Catcher field production had reached the promised 60,000 barrels per day and that it is on track to reach its set production goal of 80,000 to [...]
Three themes for 2019 – and some black swans February 8, 2019 2018 was a challenging year for investors with US equity and government bond markets both returning less than cash. Two factors were instrumental in delivering this outcome: disappointment with global growth and less cash flowing through the global economy (tighter liquidity). These factors will continue to influence markets in the year ahead. We have identified [...]