Countdown to Brexit: three market indicators to watch April 15, 2019 | City Talk With politicians still struggling to agree the terms of withdrawal, investors in assets linked to the UK economy could be in for an uncertain time. UK investments have already underperformed their global peers since Britain voted to leave the EU, in June 2016. For instance, sterling is down 8.4 per cent since the vote and despite [...]
Ineos hints it could pull out of UK fracking market unless government changes rules April 15, 2019 The UK’s largest private company has “strongly hinted” it could pull out of fracking unless rules for the industry are changed. Ineos staff told the Oil and Gas Authority at a meeting in November that it is “keen to have a dialogue” with the government about changing the level of seismic activity fracking is allowed [...]
Shares in Energean soar as Israeli energy minister hails major gas discovery April 15, 2019 Israel’s energy minister has hailed his country’s future as a regional gas hub as London-listed Energean made a major oil discovery in the Mediterranean. Shares in the London-listed company soared around 10.5 per cent this morning after it said it had found up to 1.5 trillion cubic feet (Tcf) of gas at its Karish North [...]
Rio Tinto invests $302m in US copper project as technological progress drives up demand April 15, 2019 Rio Tinto has said it plans to sink another $302m (£230m) in a US copper project which will be able to supply nearly a quarter of the country’s demand. The investment brings the total spent by Rio Tinto and its partners on the Resolution Copper project in Arizona up to more than $2bn. Read more: [...]
Saudi Aramco takes £1bn stake in South Korean refiner days after record-setting bond issue April 15, 2019 The Saudi state oil giant which was recently revealed as the world’s most profitable company will take a 1.4 trillion won (£944m) stake in South Korean refiner Hyundai Oilbank. Saudi Aramco has agreed to buy 17 per cent of the firm, Oilbank’s biggest shareholder Hyundai Heavy Industries Holdings said in a regulatory filing today. Read more: [...]
Brexit will not impact the ability of companies to raise debt, survey says April 15, 2019 Brexit is not a big concern for companies when it comes to their ability to raise debt, a survey published today showed. A survey of senior treasury and finance executives at Ftse 250 companies showed 74 per cent did not think Brexit would have an impact on their ability to raise debt. One Ftse 100 [...]
What’s next for Europe’s capital markets? April 15, 2019 There are big questions on the horizon about the next steps for Europe’s financial sector. This topic was at the top of the agenda recently when I was in Romania for the Eurofi regular gathering of European finance ministers, financial services policy makers and industry representatives. As the current EU legislative cycle winds down before [...]
London’s junior stock market sees fewest IPOs in ten years in first quarter April 15, 2019 Flotations on London’s junior stock market fell to the lowest level in a decade in the first three months of the year amid political and economic uncertainty, new analysis has shown. Read more: London Stock Exchange to buy €278.5m stake in Euroclear London’s Alternative Investment Market (Aim) saw just one company offer up shares for [...]
UK dividends jump to first quarter record due to huge one-off payouts April 15, 2019 UK dividends hit record highs in the first three months of the year thanks to huge one-off special payouts from some companies, new analysis has shown. Read more: Ranked: The best-performing assets of 2019 so far Yet underlying growth was weaker than expected from larger and smaller companies alike as a slowing global economy acted [...]
Billionaire Sir Leonard Blavatnik plots London mega-float for ‘Da Zone’ April 14, 2019 Billionaire Sir Leonard Blavatnik is planning to list his broadcasting service on the London Stock Exchange in a move that would value the company at £3bn. Blavatnik, the owner of Warner Music whose company DAZN – pronounced Da Zone – has been dubbed the "Netflix of sport", is drawing up options for a London float either this year or [...]
