Saving early in life – you must be joking! October 9, 2019 | City Talk As adults, we all wish we had saved and invested more, especially earlier on in life. How much easier retirement would be for most of us had we only paid in an extra few pounds a month into the retirement pot. The wisdom of age is a wonderful thing, but in reality, the young do [...]
African trade finance group Afreximbank eyes London listing October 9, 2019 The African Export-Import Bank, is considering an initial public offering (IPO) of global depositary receipts on the London Stock Exchange (LSE), in what could be a rare boost for the UK’s stock market. The bank, which is also known as Afreximbank, said it was weighing a listing on London’s main exchange. It is already listed [...]
Asian stocks fall after US-China trade war anxiety sees Wall Street bleed October 9, 2019 Asia stocks recorded their biggest drop in a week overnight after US-China trade tensions left American stocks bleeding red yesterday. The Nikkei 225 fell 0.6 per cent to 21,456 while Hang Seng sank 0.6 per cent to 25,741 after US markets tumbled amid rising anxiety before crunch talks between Washington and Beijing. Read more: Global [...]
Why your ethical fund may not be so ethical after all October 9, 2019 The launch of an ethical investment fund used to be a far rarer occasion than it is today. Around 21 ethical funds have been launched in the UK already this year, according to exclusive figures given to City PM by research house FE. Compare this to 2014, when just seven ethical funds were launched all [...]
Sterling tumbles as Brexit deal hopes ‘snuffed out’ October 8, 2019 Sterling has fallen to a one-month low against the euro after German Chancellor Angela Merkel said a Brexit deal without Northern Ireland staying in the customs union is “overwhelmingly unlikely”. Read more: Brexit deal ‘overwhelmingly unlikely’, Angela Merkel tells PM The pound had shed 0.76 per cent of its value by 1.50pm to stand at [...]
Kaspi.kz IPO: Kazakh fintech postpones London float October 7, 2019 The London float of Kazakh fintech group Kaspi.kz has been postponed due to “unfavourable market conditions” in the technology sector. Read more: Fund veteran Martin Gilbert leaves Standard Life Aberdeen to join Revolut The initial public offering (IPO) was set to be the largest by a Central Asian company on the London Stock Exchange (LSE) [...]
Angling Direct records 21 per cent rise in H1 sales October 7, 2019 The UK’s largest fishing retailer Angling Direct has defied High Street trends by recording a significant rise in first-half sales. Angling Direct recorded £26.6m of sales in the six months to September, which represented a 21 per cent annual increase. Read more: Angling Direct pushes ahead with expansion plans This was underpinned by a 41 [...]
Odey and Elliott ‘among City titans to invest in hypersonic jet firm’ October 6, 2019 City heavyweights including Crispin Odey are said to have thrown their financial might behind an Oxfordshire-based firm which hopes to one day transport passengers from London to New York in an hour. The hedge fund tycoon Odey and US activist investor Elliott Advisors are among firms which have poured £100m into Reaction Engines, signalling their [...]
Aston Martin faces calls for board shake-up October 6, 2019 A year on from its disastrous stock market float, luxury car giant Aston Martin is facing calls to bring in new directors on its board. The British marquee brand has suffered a drop in shares of nearly 75 per cent since it floated in October this year. It has stalled in the face of mounting [...]
Paypal first firm to drop out of Facebook’s Libra cryptocurrency October 5, 2019 Paypal has pulled out of an alliance attempting to launch Facebook’s digital currency Libra. The payment firm announced its decision on Friday in a statement but did not reveal why the decision has been made. The cryptocurrency and its digital wallet, Calibra, were revealed by Facebook in June. Read more: Libra co-founder hits out at [...]
