UK dividend drought continues into third quarter October 21, 2020 The collapse of corporate dividends this year continued into the third quarter, as payouts slumped by nearly half to £18bn. Companies have scrambled to conserve cash amid the crisis, and the 49 per cent drop last quarter represents the lowest third quarter total in a decade since the aftermath of the global financial crisis. Although [...]
FTSE 100 closes higher after upbeat UK earnings October 20, 2020 The FTSE 100 recovered from an early fall to close in the green after a day of positive quarterly earnings, although residual fears over coronavirus and new restrictions remain. London’s blue-chip index fell 0.3 per cent but crept back through the day to close up by the same margin at 5,899 points. The FTSE 250 [...]
Bank of England and US regulators renew deal on clearing cooperation October 20, 2020 The Bank of England and US trading watchdog have signed a new agreement to cooperate on the supervision of cross-border clearing of financial transactions. “The CFTC and the BoE express their willingness to cooperate in the interest of fulfilling their respective regulatory mandates, particularly in preserving the benefits of cross-border clearing activity,” the Bank said. [...]
EU sees record demand for social bonds as it ramps up borrowing October 20, 2020 The European Union received a record level of demand for bonds it is selling to support its recovery from coronavirus, in a positive sign for the bloc as it plans to massively ramp up issuance. The EU attracted bids of more than €233bn (£213bn) for the €17bn it sought to raise to fund its Sure [...]
Technical glitches not caused by cyberattack, says Euronext October 20, 2020 A major outage that froze trading in several European cities yesterday and a later glitch that meant markets failed to close was not caused by a cyberattack, exchange operator Euronext said. The two trading glitches were caused by a technical failure that hit one of Euronext’s systems “in charge of managing persistence of data”, a [...]
The rise of the retail trader: A short history of how trading became accessible October 20, 2020 | City Talk Once upon a time not so long ago, the world of trading looked vastly different. To determine where to invest, a trader had to listen to the radio, read the daily newspaper, maybe even visit the library to research particular industries and individual companies. Once they knew where to invest, they would call their local [...]
Energy price cap extended for a year protecting 11m households October 20, 2020 About 11m UK households will be protected from being overcharged for their energy bills for another year after the government decided to extend its price cap. The cap, which saves households on standard variable and default tariffs between £75 and £100 every year, will now last until the end of 2021. Since it was first [...]
Wall Street closes in the red as stimulus talks grind on October 19, 2020 Wall Street closed lower this evening as deadlock over a new stimulus package raised concerns that time was running out to agree a deal before the election on 3 November. The Dow Jones Industrial Average fell 1.4 per cent, to 28,207, the S&P 500 lost 1.6 per cent to hit 3,427.37 and the tech-heavy Nasdaq [...]
FTSE 100 goes in reverse as sterling strengthened while Covid restrictions increased October 19, 2020 FTSE 100 goes in reverse as sterling strengthened while Covid restrictions increased
Euronext fixes technical glitch that halted morning trading October 19, 2020 Exchange operator Euronext said trading is set to resume after it fixed a technical glitch that halted all transactions in Amsterdam, Brussels, Lisbon and Paris for over three hours. Euronext halted trading in all its cash and derivatives products due to a technical issue this morning. The outage hit trading in cash equities, derivative products and [...]
