Shell chief: Economic recovery from Covid-19 could speed up energy transition April 30, 2020 Shell chief executive Ben van Beurden said that economic recovery coronavirus pandemic might accelerate the shift to a low-carbon economy as the oil major released its first quarter results amid a decimated oil and gas industry. As a result of collapsed demand for fuel, the firm has elected to cut its capital spending from $25bn [...]
Dow Jones, S&P 500 and Nasdaq drop as coronavirus ravages global economy April 30, 2020 US stocks have fallen with the Dow Jones, S&P 500, and Nasdaq all lower after dire economic data and earnings highlighted the impact of the coronavirus shutdown and subdued investors. The Dow Jones index dropped 1.3 per cent in early trading. The S&P 500 fell 0.7 per cent and the Nasdaq slipped 0.1 per cent. [...]
Coronavirus: Glencore set to cut spending as production falls April 30, 2020 Glencore said that it would cut capital spending and production guidance for the year but stressed that it was well-placed to weather the coronavirus storm. Shares in the firm fell over one per cent in the morning’s trading. The coronavirus pandemic has forced the commodities giant to halt operations in countries such as South Africa, [...]
Oil prices continue gains on signs demand starting to pick up April 30, 2020 Oil prices continued to pick up gains this morning due to the combination of signs that crude stocks are not growing as quickly as expected and that demand is slowly starting to pick up. After impressive gains yesterday, US standard West Texas Intermediate increased another 15 per cent to $17.22, buoyed by a smaller than [...]
Shell cuts dividend as earnings halve in first quarter April 30, 2020 Oil giant Shell today reduced its dividend by 66 per cent after earnings fell by 46 per cent in the first quarter due to the coronavirus crisis. The decision to reduce the dividend is the first time the firm has done so since World War Two, and means it has relinquished its position as the [...]
Interactive Investor revenue jumps 61 per cent as it doubles number of customers April 30, 2020 Interactive Investor has doubled the number of new customers in the first-quarter, pushing net revenue up 61 per cent. The online investment platform reported net revenue of £31.1m for the first-quarter, up from £19.3m in the same period last year. Profit before tax grew 55 per cent from £5.8m to £9m. The strong figures are [...]
FTSE 100 jumps as Gilead reports positive data on coronavirus drug trial April 29, 2020 The FTSE 100 closed at its highest in seven weeks after drugmaker Gilead reported positive results from its trials for a coronavirus drug. The blue-chip FTSE 100 index rose 2.13 per cent higher to finish at 6,085 points, the first time it has surpassed the 6,000 mark since 11 March. Read more: FTSE 100 jumps [...]
Oil prices rise on better-than-feared US stockpile data April 29, 2020 Oil prices jumped today after US stockpiles rose less than feared and petrol stocks fell. Oil was also buoyed by hopes demand would increase as some European countries and US states moved towards an easing of lockdown rules. West Text Intermediate crude prices rose 35 per cent to $16.66 a barrel this afternoon. Brent Crude [...]
Global stocks jump on coronavirus drug hopes April 29, 2020 US stocks have risen sharply at the open and European stocks have turned higher after Gilead said it had seen positive signs from its experimental coronavirus drug remdesivir. Markets climbed despite the sharpest fall in US GDP since the financial crisis. The US’s Dow Jones index was up 1.8 per cent while the S&P 500 [...]
FTSE 100 jumps as investors look past dire results to economies reopening April 28, 2020 The FTSE 100 closed at its highest in more than six weeks today as investor sentiment improved on hopes that European economies will soon start to reopen. The blue-chip FTSE 100 index rose 1.9 per cent today to finish at 5,959 points, its highest point since early to mid-March. Traders have been buoyed by the [...]
