FTSE 100 flat after Donald Trump ends US stimulus talks October 7, 2020 The FTSE 100 flatlined after US President Donald Trump abruptly ended talks between Republicans and Democrats over the next round of fiscal stimulus. London’s blue-chip index was just 0.06 per cent higher at 5,953.6 points as it approached midday. The FTSE 250 was up 0.17 per cent. Read more: US stocks fall after President Trump [...]
Rishi Sunak mulls plans to block suspect companies listing on stock exchange October 7, 2020 Chancellor Rishi Sunak is considering plans to block suspect companies from listing on the London Stock Exchange (LSE) on national security grounds. Sunak is said to be rolling out a consultation on the details over the next few weeks, following mounting pressure from MPs who fear the stock exchange is vulnerable to foreign powers, the [...]
Tonik Energy latest supplier to cease trading October 6, 2020 Tonik Energy has become the latest household supplier to go bust, with 250 employees set to lose their jobs. The Birmingham-based company’s 130,000 customers will be protected by regulator Ofgem and passed on to a new supplier. Last week, Ofgem said seven small British energy suppliers, including Tonik, owe a total of £34m, urging them [...]
FTSE 100 slips after Donald Trump leaves hospital October 6, 2020 The FTSE 100 slipped and European markets struggled for direction as US President Donald Trump returned to the White House after being hospitalised with coronavirus. The blue-chip index started the morning with modest gains, edging 0.1 per cent higher in early trading. Yet it slipped into the red to stand 0.2 per cent lower shortly [...]
Boris Johnson to unveil £160m for offshore wind power October 6, 2020 Boris Johnson will use today’s Conservative Party Conference speech to pledge £160m for developing offshore wind power as the UK attempts to “build back greener” after the coronavirus crisis. By 2030, the government is targeting developing enough wind power capacity to provide enough energy for the equivalent of every UK home. It is now looking [...]
Premier Oil strikes deal to merge with North Sea rival Chrysaor October 6, 2020 Premier Oil this morning announced that it had agreed to merge with fellow North Sea explorer Chrysaor in a deal which will make the firm the largest independent London listed oil company. Shares in the firm leapt 10.9 per cent as markets opened this morning. The deal will see Premier’s $2.7bn debt pile, which has [...]
Oil prices jump on optimism over Trump health updates October 5, 2020 Oil prices surged six per cent today after doctors said US President Donald Trump could soon be discharged from hospital following his Covid-19 diagnosis. Brent crude rose 5.6 per cent to $41.48 per barrel this afternoon, while US West Texas Intermediate was up 6.4 per cent to $39.42 per barrel. Oil prices had dropped more [...]
US stocks and FTSE 100 jump as markets rebound on signs of Trump’s health improving October 5, 2020 US stocks jumped this afternoon, while the FTSE 100 climbed steadily following reports that President Donald Trump’s health was improving. Wall Street’s Dow Jones and tech-heavy Nasdaq both gained more than one per cent in early trading. The S&P 500 climbed 0.9 per cent, following a sharp sell-off last Friday on the President’s announcement that [...]
Goldman Sachs backs sterling, saying Brexit deal in November likely October 5, 2020 Goldman Sachs is advising its clients to buy sterling, with analysts predicting that the UK and EU could reach a post-Brexit trade deal by early November. Analysts at the US investment bank said that while the risk of a breakdown in negotiations could not be ruled out, their “core view” was that a “‘thin’ zero-tariff/zero-quota [...]
Airbnb aims to raise roughly $3bn in IPO October 3, 2020 Home rental company Airbnb is aiming to raise around $3bn in its upcoming initial public offering (IPO), people familiar with the matter said on Friday, taking advantage of the unexpectedly sharp recovery in its business after the Covid-19 pandemic roiled the travel industry. Airbnb will be one of the largest and most anticipated US stock [...]
