The six biggest bull runs since 1962 (and their corrections) October 28, 2019 | City Talk The current bull market in US stocks started in March 2009 at the height of the global financial crisis and is the longest in recent history, beating the rally between July 1962 and May 1970 by over four years. At the time of writing, the bull market is still going. US stocks are up more [...]
HSBC weighs down FTSE 100 as election vote looms October 28, 2019 Britain’s FTSE 100 index has opened down this morning ahead of a crucial vote in the Commons on the government’s motion to hold a general election on 12 December. The blue-chip index dropped 0.39 per cent in early trading. Opposition parties have indicated they won’t support the government in the vote, which is scheduled for [...]
Ferrexpo CEO Kostyantin Zhevago temporarily steps down October 28, 2019 The billionaire boss of Ferrexpo has temporarily stepped down as chief executive. The FTSE 250-listed miner said Kostyantin Zhevago would step aside to “focus on resolving certain matters in Ukraine relating to one of the businesses he owned until 2015”. Read more: Ukraine to put Ferrexpo boss on international wanted list Ukraine is considering adding [...]
Virgin Galactic brings space tourism to public markets as New York float beckons October 27, 2019 Investors will get their first chance to buy into a space tourism firm tomorrow, when shares in Sir Richard Branson’s Virgin Galactic start trading in New York. The company tied the knot on a merger with a US investment vehicle late on Friday, meaning it will go public when markets open tomorrow, in what its [...]
Oil prices post 5 per cent gains for the week as US-China trade talks progress October 26, 2019 Oil prices ended Friday up and registered the strongest weekly gains in more than a month. Brent crude rose by 0.6 per cent to finish on $62.02 per barrel with a weekly gain of 4.0 per cent. Read more: Is oil’s relationship with energy stocks slipping? WTI crude futures finished the day 0.8 per cent [...]
Which stock markets are “cheap” entering the final quarter of 2019? October 25, 2019 | City Talk There are plenty of reasons why investors could justifiably feel pessimistic about the future, but stock market valuations are not one of them. In 2019 the global economy has gone into a marked slowdown. US-China relations have remained tense. Drones have attacked oil infrastructure in the Middle East. Global corporate earnings growth has collapsed towards [...]
Offshore windfall? Industry could be worth $1 trillion by 2040 October 25, 2019 Offshore wind could become a $1 trillion (£779bn) industry by 2040, according to a new report from the International Energy Agency (IEA). Although electricity generated through offshore wind farms currently accounts for 0.3 per cent of the world’s power, a combination of falling costs and supportive government policies will see capacity increase 15-fold over the [...]
Vivo Energy announces record third quarter growth October 25, 2019 African fuel company Vivo Energy this morning announced another record quarter of growth, with a 13 per cent rise in gross cash profit for the third quarter. Vivo, which operates as a Shell licensee across 23 African countries, made a total cash profit of $189m (£147m), up from $167 million a year earlier, propped up [...]
Short sellers take a bite out of Beyond Meat as shares slump October 24, 2019 Short sellers have sunk their teeth into Beyond Meat as shares in the plant-based meat substitute company come off the gas following its hugely successful US listing earlier this year. Shares in Beyond Meat had surged past $200 in July, having debuted at $25 in May, but have gone steadily downhill since then. Now short [...]
Energy industry questions Labour’s ‘exceedingly ambitious’ zero-carbon plan October 24, 2019 Senior figures in the UK energy industry have cast doubt upon a Labour party-backed report setting out the “most radical feasible pathway” to reach zero-carbon by 2030. The report, commissioned on the back of this year’s Labour party conference, said the move would require £150bn in up-front capital, followed by investment of 2% GDP each [...]
