Premier Oil shares jump on Chrysaor refinancing talks September 15, 2020 Shares in Premier Oil rose 7.9 per cent today after the firm confirmed that it was in talks over a potential refinancing alternative with fellow North Sea company Chrysaor. Last month the FTSE 250 firm outlined the main terms of a deal with its creditors to extend the maturities on its £2.2bn debt pile until [...]
Average inflation targeting: what is it and what does it mean for investors? September 15, 2020 | City Talk Late-August saw the Federal Reserve (Fed) hold its keenly-watched annual Jackson Hole Economic Policy Symposium. Against a backdrop of the huge global uncertainty engendered by Covid-19, the focus on the conference was sharp. Central banks have implemented further substantial policy measures to limit the damage from the Covid-19 lockdown and maintain financial stability. Nonetheless, at [...]
Octopus Renewables Infrastructure Trust posts ‘very strong’ maiden returns September 15, 2020 Green energy investment fund Octopus Renewables Infrastructure Trust (ORIT) today reported it had achieved “very strong” shareholder returns in its maiden set of results. The fund, which first listed in December 2019, confirmed it was pursuing its full £3.8bn pipeline of wind and solar assets despite the impact of the coronavirus. The figures By the [...]
EU plans two-year extension of London clearing access September 15, 2020 The European Union is set to tell banks they can continue accessing London’s vital financial infrastructure for 18 more months in an effort to avoid instability when the Brexit transition period finishes at the end of this year. The bloc’s Commission has proposed that lenders’ access to London clearing houses should stay as it is [...]
FTSE 100 and US stocks jump after strong Chinese industrial data September 15, 2020 The FTSE 100 rose sharply and US stocks opened higher as investors reacted well to stronger-than-expected economic data from China. Britain’s main stock index was up nearly one per cent during the afternoon session at 6,085 points. The FTSE 250 index – which is made up of slightly smaller firms – climbed 0.6 per cent. [...]
Global oil demand set to fall as coronavirus recovery stalls September 15, 2020 The International Energy Agency (IEA) today reduced its forecast for global oil demand for the year, saying that the continued uncertainty caused by coronavirus shows little sign of abating. Oil markets have been rocked by unprecedented volatility this year, with the near-total shutdown of air travel and other restrictions on economic activity sending demand plunging. [...]
US stocks jump but FTSE 100 stalls amid dealmaking frenzy September 14, 2020 US stocks jumped but the FTSE 100 fell as investors digested a set of high-profile deals that would change the corporate landscape in the UK, US and China. Wall Street’s tech-heavy Nasdaq index gained 2.1 per cent in early trading. The S&P 500 rose 1.7 per cent and the Dow Jones climbed 1.3 per cent. [...]
Switzerland’s Six takes lead in race for LSE’s Borsa Italiana September 14, 2020 Switzerland’s Six exchange has put in the highest bid so far for London Stock Exchange’s Borsa Italiana, according to a report, putting it ahead of France’s Euronext and Deutsche Boerse. The bid valued Borsa Italiana – Italy’s only stock exchange – at around €3.5bn-€4bn (£3.2bn-£3.7bn), a source told Reuters. The London Stock Exchange (LSE) snapped [...]
Thinking about trading? 5 things you should know – How do you become a good trader? September 14, 2020 | Sponsored Entering the world of trading can at times seem daunting. Understanding the language, learning new technical skills, trusting yourself with your hard-earned money. The considerations one has to make to execute a trade put many off ever bothering. But with the right guidance, advice, and counsel, making that first trade needn’t be a shot in [...]
Oil prices falter for second successive week as stockpiles rise September 12, 2020 Oil prices fell to their second straight weekly loss on Friday as stockpiles around the globe continued to rise amid a lack of demand. Brent crude oil prices fell around six per cent a barrel for the week as sluggish demand remains some way off pre-coronavirus levels. The decline seen so far this month continued [...]
