Britain smashes coal-free power record with 10-day run May 27, 2019 Britain smashed its record for coal-free power generation over the weekend, punching through ten days without burning the fuel for the first time since 1882 this afternoon. Coal-fired power stations have laid dormant since the afternoon of 17 May, as wind, solar, nuclear and gas generation prop up the grid. Read more: Britain goes a [...]
Austrian parliament votes to sack Chancellor Sebastian Kurz after corruption scandal May 27, 2019 Austrian MPs have backed a motion of no confidence in the country’s Chancellor after a corruption scandal claimed the head of his coalition partner and deputy Heinz-Christian Strache. Parliament voted in favour of sacking Sebastian Kurz from the role this afternoon, forcing his government out of office. Read more: Merkel says Brexit delay possible if [...]
Nasdaq pulls out of Oslo Bors race leaving the way clear for Euronext May 27, 2019 Nasdaq has bowed out of the race for Norwegian exchange Oslo Bors, leaving the way clear for pan-European exchange Euronext to pursue its bid. Euronext received approval from Norway’s finance ministry earlier this month to buy more than 50 per cent of Oslo Bors for 158 Norwegian crowns per share, effectively blocking Nasdaq’s bid. Read [...]
Bitcoin hits 10-month high of nearly $9,000 after strong start to 2019 May 27, 2019 Bitcoin edged close to the $9,000 mark today as it extended a strong run since the beginning of the year. The cryptocurrency rose more than ten per cent over the past day to $8,775, figures from Coin Market Cap show. Read more: Bitcoin bounces as the pound plunges: what’s next for global markets? It underlines [...]
EU stocks open up positive after election results allay investor fears May 27, 2019 The European stock market enjoyed a positive open this morning after EU election results failed to show a surge in populist right-wing parties. Euro Stoxx is up 0.30 per cent at the time of writing, while the FTSE has enjoyed a 0.65 per cent bounce. The French Cac and German Dax are up 0.17 per [...]
Greek bond yields fall to record lows as country heads for snap elections May 27, 2019 Greek Prime Minister Alexis Tsipras has called a snap election following his party’s defeat in the European Parliament elections, sparking a fall in government bond yields. Syriza, the left-leaning party that won power in 2015 following backlash against economic reforms, suffered a defeat to the conservative New Democracy party, with results showing Tsipras’ party trailing [...]
Grannies head back to work as the number of over-70s in employment soar May 27, 2019 The number of over-70s working during what would otherwise be their retirement has more than doubled in the last ten years as pensioners try to supplement their incomes, new figures show. Around one in 12 of Brits over 70 are choosing full or part-time employment over full retirement, analysis from over-50s jobs and volunteering site [...]
German index provider Solactive invests in UK proxy firm Minerva Analytics May 27, 2019 German index provider Solactive has taken a stake in UK proxy firm Minerva Analytics. The deal will allow Minerva, which is based in Essex, to expand its research and client service capability through Solactive’s offices in Frankfurt, Hong Kong and Toronto. Read more: Interserve wins support of another proxy adviser as crunch vote beckons Minerva, [...]
Fiat Chrysler and Renault in advanced talks over comprehensive tie-up May 26, 2019 Fiat Chrysler and Renault have entered talks over a global partnership to strengthen both firms amid a challenging environment for car manufacturers. The two car giants have been in advanced discussions over a deal to forge “extensive ties” to tackle challenges facing the auto industry, the Financial Times reported. Read more: Renault to propose joint [...]
Boeing under investigation by SEC about disclosures to investors regarding the 737 Max aircraft May 25, 2019 The Securities and Exchange Commission (SEC) in the US has opened a probe into Boeing regarding disclosures made to investors about its 737 Max aircraft. The investigation, reported by Bloomberg, adds pressure to the company and is separate from the criminal investigation being conducted by US federal authorities into the initial certification that the planes were safe to [...]