David Beckham’s e-sports team Guild raises £20m ahead of market debut September 29, 2020 David Beckham’s e-sports company has raised £20m ahead of its plans to list on the London Stock Exchange this week. The company, which announced plans to float earlier this month, will be the first e-sports enterprise to go public in Britain. On Tuesday Guild said its oversubscribed offering of 250m shares was priced at 8 [...]
FTSE 100 sinks ahead of Brexit talks and US presidential debate September 29, 2020 The FTSE 100 lost momentum today as rising coronavirus cases kept investor sentiment subdued ahead of the next round of Brexit negotiations and the first US presidential debate. The blue-chip index had slipped 0.72 per cent by lunchtime after following global stocks higher yesterday in a so-called relief rally. Read more: Hotel Chocolat swings to [...]
FTSE 100 dividend payouts fall to lowest level in nearly a decade September 29, 2020 Dividend payouts by FTSE 100 firms have dropped to their lowest point in nearly a decade as the pandemic forces companies to slash payments. Dividend payments for FTSE 100 firms are forecast to plunge 24 per cent this year, according to AJ Bell. It follows an 11 per cent drop in 2019, leaving the total [...]
Cairn Energy plunges to $324m loss after hefty one-off charge September 29, 2020 Oil explorer Cairn Energy today booked a $324m (£251.8m) loss for the first half after it was hit by a hefty impairment charge related to its assets in Senegal. However, the FTSE 250 firm said that it had safely managed the coronavirus crisis and was well positioned to generate future growth. The figures In a [...]
Octopus wraps tentacles around US with Evolve Energy purchase September 29, 2020 Challenger energy brand Octopus has today continued its international expansion with its first foray into the massive US market. The firm, which has grown rapidly since launching four years ago and now boasts 1.7m accounts in the UK, has bought American supplier Evolve Energy in a $5m (£3.9m) deal. The acquisition is the first step [...]
FTSE 100 climbs as ‘relief rally’ pushes global equities higher September 28, 2020 The FTSE 100 has started the week off strong, climbing as much as 1.69 per cent amid a global “relief rally” as investors rushed to buy up shares in beaten-down sectors after last week’s sharp stock market sell-off. Blue chips HSBC and spirits-maker Diageo helped boost the British blue-chip index on Monday, which was also [...]
Retail trading – don’t become a one-trick pony September 28, 2020 | City Talk The markets around the world have recently been a hive of activity and volatility. When this occurs, it presents a multitude of potential trading opportunities. This has given birth to a new breed of traders accessing their platforms. The average trader nowadays does not want to be confined to a single asset class or product; [...]
Britain and EU reach temporary agreement on derivatives clearing September 28, 2020 Britain and the EU have reached a temporary accord on the information-sharing arrangements needed for eurozone banks to continue to use London’s clearing houses until June 2022. Britain’s unfettered access to the bloc’s markets ends on 31 December. Brussels had already agreed to grant UK clearing houses temporary access for 18 months, but an updated [...]
FTSE 100 slips but US stocks rise amid Covid worries September 25, 2020 The FTSE 100 slipped but US stocks rose as European stocks headed for their worst week since June, with investors rattled by rising coronavirus cases. London’s blue chip index was down 0.1 per cent to 5,819 points as it approached the close, despite having opened higher. The FTSE 250 was up 0.8 per cent, however. [...]
Boris Johnson: UK can be ‘launchpad’ for green industrial revolution September 24, 2020 Boris Johnson has said that the UK will lead the world in the world in the transition to a net zero economy, saying that climate action cannot be “another victim of coronavirus”. Speaking to a United Nations roundtable on climate change this afternoon, the PM said that the UK will serve “as a launch pad for [...]
