Igas begins drilling at its first UK shale well in Nottinghamshire November 27, 2018 Igas hopes to become the second company to frack in the UK as it today begun drilling at an exploratory well in the Midlands. The energy company said it had started work on the TL-1 exploration well at Tinker Lane in Nottinghamshire. The exploration, which was given planning permission in March last year, aims to [...]
Sterling dips as Trump and Fallon launch attacks on Theresa May’s Brexit deal November 27, 2018 Sterling suffered another fall today amid increased doubt over whether the Prime Minister’s Brexit bill will pass through parliament. Theresa May announced yesterday that the Commons vote on her deal will take place on Tuesday 11 December. But division among MPs has taken its toll on the markets, which remain wary of a no-deal Brexit. [...]
Equity markets to “regain footing” in 2019 as economy grows and sees off risks after tumultuous year, Credit Suisse predicts November 27, 2018 Global stock markets will “regain their footing” in 2019 and shareholders will see increased returns, Credit Suisse has predicted. The Swiss banking giant, in its 2019 investment outlook, said the emerging market equities would recover from this year's weakness, while innovation would make the tech and healthcare sectors more attractive. Financial markets have experienced a [...]
Inescapable investment truths for the decade ahead November 27, 2018 | City Talk It seems clear to us that the world investors have got used to over the last few years is very different to the one we need to get accustomed to in the years to come. We have identified a number of economic forces and disruptive forces we think will shape the investment landscape ahead of [...]
Profit leaps at guarantor loans provider Amigo following its London float earlier this year November 27, 2018 Sub prime lender Amigo posted a 40 per cent jump in adjusted profit after tax today in its first results since its London flotation in June. Shares were down 1.15 per cent this morning at 262p, which also marked a dip on their original price of 275p. Revenue grew 40 per cent to £130.1m in [...]
Broker AJ Bell’s IPO could give it a £675m market cap November 27, 2018 Investment platform AJ Bell’s upcoming stock market debut could value the firm at up to £675m, it revealed today. The company announced a price range between £1.54 and £1.66 per ordinary share this morning, putting its initial public offering (IPO) value at between £626m and £675m, far higher than previous estimates of £500m. Chief executive [...]
Five reasons why tech stocks are in trouble November 27, 2018 For months, technology stocks have been the holy grail for growth, with valuations reaching dizzying heights. So, considering that what goes up must come down, perhaps it’s not surprising that stocks started tumbling last week. Share prices for each of the five tech giants – Facebook, Amazon, Apple, Netflix, and Google (the so-called Faangs) – [...]
Have faith, the UK can weather the political storm November 27, 2018 Winston Churchill once said that Brits are “the only people who like to be told how bad things are, who like to be told the worst”. In these turbo-charged political times, I would take it one step further and say that Brits not only like to be told the worst, but they often expect the worst. [...]
Why the EU’s approval of May’s Brexit deal failed to give sterling a boost November 26, 2018 Sterling failed to get a significant boost from the EU rubber-stamping the Prime Minister’s draft Brexit deal over the weekend, with markets awaiting the outcome of a crucial parliamentary vote next month. While EU leaders voted in favour of Theresa May’s Brexit agreement despite the threat of a Spanish veto over the future of Gibraltar, [...]
Italian bond yields fall as Rome considers revising budget deficit target November 26, 2018 Italian government bond yields have fallen by over 30 basis points this morning to two-month lows following speculation that the governing coalition is planning to reduce the budget deficit target for next year. Rome had threatened to defy the European Commission by refusing to change its deficit target of 2.4 per cent of GDP and [...]
