Wall Street edges higher as inflation fears fade while FTSE jumps June 11, 2021 Wall Street’s main indexes opened higher today after inflation data calmed concerns over a long-term spike in consumer prices. The Dow Jones Industrial Average was up 0.2 per cent, while the S&P 500 advanced 0.15 per cent at the open. Meanwhile, the tech-heavy Nasdaq edged up 0.1 per cent after a week in which tech [...]
Space tech investor Seraphim announces plans for London IPO June 11, 2021 A space technology investor has this morning announced its intention to float in London. Seraphim Space Investment Trust will be the world’s first listed space tech fund as interest in the sector ramps up. There has been a race to commercialise spaceflight, with Jeff Bezos, Elon Musk and Sir Richard Branson all competing with each [...]
Digbee: The platform helping mining firms clean up their act June 11, 2021 With the global economy now resolutely focused on the threat of climate change, businesses of all stripes are now under pressure to clean up their act. This year has seen a resurgence in climate-focused investor action against listed companies, as shareholders seek assurances that firms are doing “the right thing” with their money. Nowhere is [...]
Wall Street opens higher while FTSE 100 stays in the green June 10, 2021 Wall Street’s main indexes rose today as investors shrugged off a surge in consumer prices that raised concerns of early policy tightening by the Fed. The Dow Jones Industrial Average was up 0.6 per cent, while the S&P 500 advanced 0.4 per cent at the open. Meanwhile, the tech-heavy Nasdaq gained 0.2 per cent. Wall [...]
CMC Markets more than doubles profit after surge in new customers June 10, 2021 CMC Markets has reported a record performance, doubling its annual pre-tax profit after a surge of new customers amid the retail trading boom. The online trading firm, founded by tycoon Lord Cruddas, reported a 63 per cent increase in net operating income to £409.8m. Pre-tax profit for the year ended 31 March 2021 came in [...]
Wall Street creeps higher as investors await cues on tapering and inflation June 9, 2021 Wall Street’s main indexes edged higher today but a lack of clear catalysts kept trading slow while investors awaited inflation data and an upcoming Fed meeting. The Dow Jones Industrial Average was up 0.1 per cent, while the S&P 500 gained 0.2 per cent at the open. Meanwhile, the tech-heavy Nasdaq rose 0.4 per cent, [...]
Oil prices hit highest levels in years as recovery revs up June 9, 2021 Global oil prices rose to their highest levels in several years as demand for fuels continues to recover amid loosening Covid-19 restrictions. After rising over 1.0 per cent yesterday, worldwide standard Brent Crude hit $72.83 per barrel earlier today, its highest levels since May 2019. And West Texas Intermediate also gained a further 0.3 per cent, [...]
Wall Street inches higher on tech stocks boost while FTSE 100 flies June 8, 2021 Wall Street’s main indexes rose tepidly this afternoon as investors held their breath ahead of key US inflation data this week. The Dow Jones Industrial Average was flat, while the S&P 500 per cent gained 0.2 per cent at the open. Meanwhile, the tech-heavy Nasdaq rose 0.4 per cent as Tesla’s shares rose 2.9 per [...]
London Metal Exchange set to reopen iconic trading ring in September June 8, 2021 The London Metal Exchange’s open-outcry trading ring is set to reopen in September, in a reversal of plans announced earlier this year, but will still press ahead with digital trading. The trading ring, with its distinctive red circular sofa, was closed in March 2020 for the first time since the Second World War due to [...]
Millennial savings app Plum moves into pensions June 8, 2021 The popular savings app which has turned to TikTok to lure young investors is now turning its attention to retirement savings. Plum, which launched in 2017, is rivaling the cheap trading apps like Robinhood by moving into the investment space. It anticipated a growing interest among millennials around savings and investments with which has only [...]
