London Stock Exchange’s $27bn Refinitiv deal under scrutiny in Brussels February 26, 2020 The London Stock Exchange Group’s $27bn purchase of Refinitiv has reportedly already come under intense scrutiny in Brussels, raising the prospect that EU regulators will initiate a much longer investigation into the deal than had been expected. The two companies are yet to formally notify competition regulators of the deal, which would trigger the review [...]
FTSE 100 falls further after ‘bloodbath’ as coronavirus weighs on stocks February 25, 2020 The FTSE 100 fell below 7,100 points for the first time since October last year as fears of a coronavirus pandemic continued to weigh down stocks a day after global markets plunged. After starting the day with a marginal rise, the FTSE 100 finished the day nearly two per cent lower at 7,017 points. Germany’s [...]
US stocks in the red as coronavirus fears continue February 25, 2020 US stocks have fallen into the red as risk-off sentiment continues a day after equities plunged following a jump in the number of coronavirus cases outside China. The S&P 500, which had opened higher along with other major US indices, was down 1.4 per cent two hours after the bell. The Nasdaq was 1.5 per [...]
Petrofac posts $73m profit as one-off charges bite February 25, 2020 Oilfield services giant Petrofac posted a $73m (£56.4m) profit last year as a number of exceptional charges limited the firm’s growth in 2019. Shares in the firm rose 1.1 per cent as marketts opened. The figures Reported profit was roughly 10 per cent higher year-on-year, increasing from $64m in 2018 to $73m last year. Net [...]
Japan’s Nikkei sinks after global stocks’ Covid-19 plunge February 25, 2020 Japan’s stock market plummeted overnight after a plunge in global stocks yesterday as investors reacted to a rapid spread of the Cobvid-19 strain of coronavirus outside of China. The Nikkei sank 3.3 per cent after US and European stocks suffered similar falls as Italy revealed a huge rise to 229 cases of the Covid-19 virus. [...]
De La Rue reveals turnaround plan to slash £35m of costs a year February 25, 2020 Banknote printer De La Rue today revealed its plan to cut £35m in annual costs after it lost a battle to print Britain’s post-Brexit blue passports. Shares soared 20.5 per cent to 147.2p as investors welcomed the plan. The company said it has already slashed £10m in annual costs, and it will target a yearly [...]
Fund supermarket best-buy lists — Are they bogus or a bargain? February 25, 2020 It should go without saying that choosing the right investment can be challenging. For time-strapped everyday investors, combing through the financial records of individual companies to find a share worth buying can seem like a monumental task. Instead, many people prefer to put their money into investment funds run by professional asset managers who do [...]
US stock markets plummet amid coronavirus sell-off February 24, 2020 US stock markets have plunged as investors scramble to sell-off global equities amid new fears over the coronavirus, which has spread rapidly in Italy, South Korea and Iran. The Dow Jones index plummeted 2.9 per cent after the bell, shedding 830 points. The tech-heavy Nasdaq tumbled 3.4 per cent, while the S&P 500 dropped 2.8 [...]
Ailing NMC Health shares have further to fall, says analyst February 24, 2020 An analyst who was one of the first to predict a slump in NMC Health’s share price has slashed the embattled hospital operator’s target price, saying the stock could fall a lot further. Jefferies’ James Vane-Tempest cut his target price for the NMC Health from 1,300p to 500p, 42 per cent below Friday’s closing price. [...]
FTSE 100 plunges 3.4 per cent as Italy confirms seventh coronavirus death February 24, 2020 The FTSE 100 plunged more than three per cent on Monday as a rapid uptick in coronavirus cases outside China rattled investors and devastated European stocks. London’s blue-chip index fell as much as 3.7 per cent to 7,119 points today, as Italy confirmed a seventh person has died from the coronavirus. The FTSE 250 index [...]
