Will easyJet share price rally be sustained? October 4, 2019 | City Talk British no-frills airline easyJet will release its next trading statement on 8 October, and with Thomas Cook’s collapse still fresh in everyone’s mind, will easyJet perhaps see some increased booking numbers? The rise of DIY holidays, where individuals create their own packages rather than rely on tour operators, has already helped easyJet, as has the push [...]
Sterling breaks past $1.24 to push FTSE 100 deeper into red October 3, 2019 The pound jumped higher in trading this afternoon, pushing the FTSE 100 closer to the 7,000 mark. Sterling has climbed 0.9 per cent against the dollar, breaking past $1.24 for the first time in more than a week. Read more: Global stock markets bleed red The FTSE 100 has suffered further losses, edging down by [...]
Saudi energy minister: Oil output restored after attack October 3, 2019 Saudi Arabia’s energy minister said his country has managed to restore all the oil output that was lost when a series of drone strikes pummelled part of its infrastructure last month. Prince Abdulaziz bin Salman said capacity stands at 11.3m barrels of oil a day, roughly the same as before the attacks. Read more: Petrol [...]
Spreadbetter CMC Markets forecasts jump in annual earnings October 3, 2019 Spread betting platform CMC Markets forecast a jump in annual earnings in a trading update issued this morning, reporting strong net trading revenue in the first half as it began to recover from the implementation of stricter regulations that hit its business last year. CMC said it expects net trading revenue from its contracts for [...]
FTSE 100 losses deepen as investor jitters over world economy linger October 3, 2019 Stock market losses deepened this morning, as investor fears of a global slowdown lingered following a major sell-off yesterday. Concerns over the state of the world economy have driven trading jitters this week, with the FTSE 100 the worst-hit index amid mounting Brexit uncertainty. The blue chip index fell 0.3 per cent per cent to [...]
Petrol prices fell even as drones struck Saudi oil October 3, 2019 Worries that drone strikes in Saudi Arabia would drive up prices at the pumps for customers seemed unfounded, new data showed as petrol prices fell in September. The cost at the pumps dropped by 0.87p to 127.95 for unleaded petrol, even as diesel rose by a third of a pence to 132.07p per litre. However [...]
Global stock markets bleed red on US-EU trade war fears October 2, 2019 Global stock markets have plunged across the board today amid fears of a US trade war against Europe and a worsening economic picture. Read more: US factories suffer worst month since 2009 The World Trade Organization (WTO) this afternoon ruled that the US has the right to slap punitive tariffs on $7.5bn (£6.1bn) worth of [...]
Hochschild joins rare earth race with $56m deal October 2, 2019 Hochschild Mining joined the race to extract vital components for consumer electronics today as the company penned a $56m deal. London-listed Hochschild said it would buy a 94 per cent stake – it already owns the rest – in a rare earth materials mine in Chile. Read more: China rare earth metals warning sparks market [...]
FTSE 100 slumps over 2.5 per cent as global economy darkens October 2, 2019 Britain’s FTSE 100 has tumbled 2.6 per cent today as weak economic data and political crisis fuel investor scepticism about the UK economy. Read more: UK construction activity suffers ‘devastating’ drop as Brexit kills demand US stock markets followed their British counterpart sharply downwards shortly after they opened, following more negative data for the world’s [...]
Wework downgraded by Fitch after IPO troubles leave hole in finances October 2, 2019 Global ratings agency Fitch has downgraded WeWork’s credit rating two notches to “CCC+”, pushing the office space giant into junk territory following the official withdrawing of its initial public offering (IPO) filing. Wework had hoped to raise at least $3bn (£2.4bn) from the floatation as well as borrowing a further $6bn in a loan contingent [...]
