Singapore watchdog raises concerns over LSE’s $27bn Refinitiv deal July 2, 2020 Singapore’s competition authority has raised concerns about the London Stock Exchange’s (LSE) proposed $27bn (£21.6bn) acquisition of financial data provider Refinitiv. In an initial review, the Competition and Consumer Commission of Singapore (CCCS) cited concerns about the provision of foreign exchange benchmarks by the merged entity, saying it would need to conduct a second phase [...]
Premier Oil scraps Tolmount purchase as creditors approve BP deal July 2, 2020 Exploratory firm Premier Oil has dropped plans to buy a 25 per cent stake in Korean-owned company Dana Petroleum’s Tolmount field in the North Sea. The $191m (£152.6m) deal was agreed in January, alongside agreements to buy two fields from BP for a combined $625m. However, the company today revealed that it had shelved the [...]
Move over, US: time for a new stock market leader? July 1, 2020 | City Talk The US has dominated stock market returns globally ever since the Global Financial Crisis. But nothing lasts forever… Dominance in almost any walk of life goes in cycles. Just ask Manchester United fans or MySpace users… Well, the same can be said of markets. They also go through periods when certain regions (or companies) seem [...]
FTSE 100 closes lower as new virus cases unnerve markets July 1, 2020 The FTSE 100 closed in the red today as coronavirus cases in the US helped take the shine off some better-than-expected economic data. The blue-chip index swung between the red and the green in morning trading, but finished down 0.2 per cent at 6,1568 points. Read more: FCA extends credit card payment freeze until October [...]
Software glitch caused trading outage on European exchanges, says Deutsche Borse July 1, 2020 The reappearance of a software glitch that first surfaced in April was behind a nearly three hour outage on Wednesday on Germany’s electronic trading platform Xetra, exchange operator Deutsche Boerse said. Trading on several European stock exchanges, including Frankfurt and Vienna, was halted this morning following the technical issue. Read more: FTSE 100 subdued as [...]
Bulb bolsters senior team as energy firm targets 100m customers worldwide July 1, 2020 Bulb has made the latest in a string of senior appointments as the challenger energy company ramps up its bid to expand to 100m customers worldwide over the next decade. The company, which has been the fastest growing firm in Britain for the last two years, has brought in Easyjet chief marketing officer Lis Blair [...]
Europe pushes back against London bid to trim market trading hours July 1, 2020 A coalition of European bourses has said plans for shorter trading hours by London bodies would not be beneficial for investors or markets. The Federation of European Securities Exchanges (FESE) said shorter hours would be a move in the wrong direction. It instead advocated for adopting other measures to improve workplace culture, such as increasing [...]
FTSE 100 falters, taking shine off best quarter since 2010 June 30, 2020 The FTSE 100 retreated today as fears over a second coronavirus lockdown dampened the end of the strongest quarter for UK stocks since 2010. The blue-chip index ended the session XX per cent down after news of the UK’s first local lockdown and poor GDP figures helped dampen investor enthusiasm. Nevertheless, the FTSE 100 recorded [...]
Markets live: US stocks and FTSE 100 gain despite virus cases passing 10m June 29, 2020 The FTSE 100 closed higher on Monday following a mixed session amid investor fears over a second round of coronavirus lockdowns, with global Covid-19 cases exceeding 10 million. The blue-chip index fell sharply in morning trading before flipping positive, and rebounded to gain 1.08 per cent by the close. The FTSE’s European peers also edged [...]
Covid consolidation bears low-hanging fruit for traders June 29, 2020 | Sponsored No understatement is truer than the one about how “nothing will ever be the same again” following the coronavirus pandemic. Businesses in the hundreds of thousands will not reopen. Millions of jobs have been lost. Billions of dollars have been wiped off the valuations of household brands and City darlings. Past worries about Brexit seem [...]
