Fund managers say oil companies need to go green to remain attractive investments April 29, 2019 Fund managers overwhelmingly say oil companies will not remain attractive investments unless they make their businesses more green. A survey of fund managers responsible for $10 trillion (£7.7 trillion) of assets by the UK Sustainable Investment and Finance Association (UKSIF) found 86 per cent wanted oil companies to align their businesses with the Paris Agreement's [...]
Slack files for IPO as it targets New York Stock Exchange debut April 26, 2019 Collaboration tool Slack has confidentially filed to float on the New York Stock Exchange. Read more: Uber reveals IPO will value firm as high as $90bn The messaging app will join the stock market under the ticker symbol SK this summer, in either May or June, according to its filing. Slack, which was last valued [...]
Uber IPO will value ride-hailing firm at up to $90bn, SEC filing confirms April 26, 2019 Uber is set to pitch shares at between $44 and $50 as it chases an initial public offering (IPO) that could value it at up to $90bn (£69.8bn), the ride-hailing firm revealed in an updated filing today. The technology transport giant will offer 180m shares in its stock market debut as it chases the valuation, with another [...]
Which stock markets look ‘cheap’ after strong performances in the first quarter of 2019? April 26, 2019 | City Talk Those who were brave enough to fight the emotional urge to sell during the carnage in markets which brought 2018 to a close have been richly rewarded in the first few months of 2019. Of the five markets in our regular analysis, even the worst of the bunch (Japan) returned almost 8 per cent so far [...]
Wanted: Your free-market ideas to give everyone a shot at improving their lives April 26, 2019 Life isn’t fair. It never will be. In fact, so much of what we experience day-to-day, year-to-year, is a result of things we can’t control – the country we’re born in, the robustness of our immune system, the bumps on our nose (well, mine anyway) are pre-determined facts of life. Progress means embracing or overcoming [...]
New deals still on the table says chief executive as Anglo Pacific doubles growth year-on-year April 25, 2019 Strong growth at its star project helped mining royalties group Anglo Pacific boost its income by two per cent quarter-on-quarter in the first three months of the year, the firm said today. The Kestrel coal mine in Queensland, Australia, grew incomes 12 per cent from the last quarter of 2018, while sales volumes increased by [...]
Acacia Mining shows disappointing results as ‘double-whammy’ hits production April 25, 2019 Gold miner Acacia disappointed investors today, sending shares down more than seven per cent, as two major mishaps hit production. Gold output dropped 13 per cent year-on-year to 105,000 ounces as part of the ground gave way at its Gokona underground mine in North Mara, Tanzania. Read more: Shareholder reaches deal with Tanzania over Acacia [...]
Extinction Rebellion: Climate change protesters target London Stock Exchange and Canary Wharf station April 25, 2019 Climate change protesters glued themselves to the London Stock Exchange this morning as they target Canada in their last day of activism after two weeks . A string of seven Extinction Rebellion protesters have blocked the entrance to the exchange, with campaigners dressed in what they described as “Robocop-style” masks with the [...]
Leaving EU behind: The potential winners and losers from a soft Brexit deal April 25, 2019 After three failed votes, Prime Minister Theresa May has another six months to get her Brexit deal through the House of Commons. Despite her securing an extension from the EU, the Brexit deadlock seems as intractable as ever. Still, some form of soft Brexit remains a likely option, so it’s worth exploring the potential impact [...]
What a tin of battered beans can tell us about behavioural finance April 25, 2019 "Most people get interested in stocks when everyone else is. The time to get interested is when no one else is. You can’t buy what is popular, and do well.” Those are the words of one of the greatest investors of our generation, Warren Buffett. The investment guru got me thinking: why is the stock [...]
