Five sustainable investing myths September 2, 2019 | City Talk Given the dramatic rise in popularity of sustainable investing, it’s perhaps no surprise that a few misconceptions have come along for the ride. Sustainable investing – sometimes known as “ESG” investing because it considers environmental, social and governance risks and opportunities – has become increasingly important. Last year our employer Schroders found two-thirds of investors [...]
Asian stocks slip after US-China trade war escalates with fresh $110bn tariffs September 2, 2019 Asian stocks stumbled overnight after the US escalated its trade war with China, with a series of fresh tariff hikes on goods amounting to roughly $110bn (£90.5bn). Tokyo’s Nikkei index fell 0.41 per cent, while Hong Kong also fell 0.76 per cent. Shanghai’s SSE Composite index rose 1.31 per cent, however, while South Korea’s main [...]
Cuadrilla says sorry for concern over record-breaking earthquake and promises to mend the damage September 1, 2019 Britain’s only active fracking company has apologised to residents near its site after a 2.9 magnitude earthquake rocked houses last week. Cuadrilla said it was visiting locals to assess “minor damage” caused at properties in Blackpool and the surrounding area. The firm will repair any damage it believes was caused by last Monday’s quake. Read [...]
FTSE edges higher as relief over deflating trade war tensions sinks in August 30, 2019 Britain’s FTSE100 stock index nudged higher this morning as a relief rally over China deflating trade war tensions entered a second day. The blue-chip index was given a further boost by a continued slide in the pound’s value, which helped to boost exporters. China’s foreign ministry said this morning that it was continuing to hold [...]
Reabold boosted as it finds UK’s second-biggest gas field also contains oil August 29, 2019 Reabold Resources expanded the value of the UK’s biggest onshore hydrocarbon field this morning when it announced that it had found oil in what was previously thought to be a gas-only field. The Humberside-based field, which was announced in June as the largest onshore gas discovery since 1973, is around 70 per cent oil, and [...]
Saudi Aramco shuns London amid Brexit worries August 29, 2019 Saudi Arabia’s state oil giant Aramco is not leaning towards London for a potential listing, according to reports. The Wall Street Journal said the oil giant is going to split its listing into two parts. Read more: Saudi Aramco hires bankers for megalisting It will start by float on the Saudi stock exchange this year, [...]
Italian stock market soars as new coalition takes shape August 29, 2019 Italy’s stock market jumped two per cent this morning and bond yields hit record lows as Prime Minister Guiseppe Conte took a big step towards forming a new government. Read more: Italian bond yields hit record low on hopes of new coalition Conte said he had accepted President Sergio Mattarella’s invitation to form a new [...]
Investing ‘IQ test’ reveals the traits that could limit returns August 29, 2019 | City Talk Investors globally suffer from an ambiguity bias which can prevent them from taking risks with their investments and potentially lower their returns, Schroders investIQ test found. All investors have behavioural biases such as ambiguity aversion or impulsivity which can affect the way they invest. By understanding these biases, investors may be able to improve their [...]
Sterling falls for second day as Britain races towards no-deal Brexit August 29, 2019 Sterling has continued to fall this morning a day after it lost 0.55 per cent against the dollar as the UK took a big step closer to a no-deal Brexit. Read more: Sterling could hit 35-year low on no-deal Brexit worries, warn City economists The pound was 0.16 per cent lower against the dollar this [...]
Diamond in the rough: De Beers struggles to keep up with last years’ gem sales August 28, 2019 Diamond company De Beers increased sales in its seventh cycle of the year, but is still down on 2018, it said today. The company showed that it sold $280m (£229m) worth of diamonds over the cycle, one of ten such periods in a year. Read more: Diamond sales fall at De Beers after unusually strong [...]
