Morrisons recovery continues September 13, 2018 | City Talk Morrisons shares are lower today despite the company reporting a strong set of first-half figures. Same-store-sales for the six-month period jumped by 4.9% and second-quarter sales jumped by 6.3% – a nine year high. Stripping out one-off adjustments, profit increased by 9% to £193 million. When you factor in debt restructuring costs and charges relating [...]
Morrisons recovery continues September 13, 2018 | City Talk Morrisons shares are lower today despite the company reporting a strong set of first-half figures. Same-store-sales for the six-month period jumped by 4.9% and second-quarter sales jumped by 6.3% – a nine year high. Stripping out one-off adjustments, profit increased by 9% to £193 million. When you factor in debt restructuring costs and charges relating [...]
Oil prices break $80 per barrel mark as Hurricane Florence helps create the perfect storm September 12, 2018 Oil prices have risen above $80 per barrel for the first time since July as US crude inventories dropping, impending sanctions against Iran, and Hurricane Florence created a perfect storm. The price of Brent Crude oil rose to $80 per barrel, its highest since the middle of July and close to a three-year high. The [...]
Oil prices break $80 per barrel mark as Hurricane Florence helps create the perfect storm September 12, 2018 Oil prices have risen above $80 per barrel for the first time since July as US crude inventories dropping, impending sanctions against Iran, and Hurricane Florence created a perfect storm. The price of Brent Crude oil rose to $80 per barrel, its highest since the middle of July and close to a three-year high. The [...]
John Laing environmental fund to raise up to £100m through share issue September 12, 2018 Infrastructure investment group John Laing is raising up to £100m for its environmental assets fund in order to target further diversification. Recent acquisitions of three anaerobic digestion projects, which now represent 17 per cent of the fund's portfolio, were made using the company's revolving credit facility which is now "substantially drawn down." Read more: John [...]
John Laing environmental fund to raise up to £100m through share issue September 12, 2018 Infrastructure investment group John Laing is raising up to £100m for its environmental assets fund in order to target further diversification. Recent acquisitions of three anaerobic digestion projects, which now represent 17 per cent of the fund's portfolio, were made using the company's revolving credit facility which is now "substantially drawn down." Read more: John [...]
Energean swings to profit on higher oil prices but shares fall after production delays September 12, 2018 Energean Oil & Gas has swung to a half yearly profit on higher oil prices but has seen its shares fall after lowering its production guidance. The FTSE 250 company today posted pre-tax profits of £82.1m for the six month ending June – up from the £4.4m loss it reported in the first half of [...]
Crypto A.M. Shines its Spotlight on FreeMark: Inventing Better Money September 11, 2018 Plunging exchange rates can cost exporters their shirts. Sterling versus the US dollar can vary sometimes 7% in a month, or 2% in a day. Businesses and individuals can lose big chunks of their profits—even make a loss. Exporters must therefore hedge transactions in order to survive in the global economy. With more and more [...]
More of the same from Apple? September 11, 2018 | City Talk Earlier this year Apple made history in becoming the first US company to achieve a $1trn valuation, a level it maintained when it crossed above $207 a share last month. Since then the share price moved up to as high as $229.67 earlier this month, before embarking on a four-day slide prompted by some profit-taking, [...]
Despite recent emerging market struggles, there are plenty of reasons to invest in India September 11, 2018 Of all the emerging market economies, China usually garners the most attention. And with China often hogging the limelight, India can be the neglected cousin. Yet, there are plenty of reasons for investors to get excited about this developing nation, particularly as Chinese growth slows down. Admittedly, the burgeoning trade war with the US creates [...]
