Which stock market sectors will benefit as inflation heats up? March 6, 2017 | City Talk We wrote last year about our expectation that inflation would soon start to re-emerge in Europe, and that banks were likely to be among the chief beneficiaries. This scenario has indeed come to pass, perhaps even more quickly than we had anticipated. With signs of inflation becoming ever more apparent, which other sectors should investors [...]
Oil prices have fallen on worries China will cut demand March 6, 2017 Oil prices fell this morning as investors worried China will cut oil demand after it reduced its growth target for 2017 to its lowest level for more than 20 years yesterday. Global benchmark Brent crude was down 0.98 per cent, at $55.35 per barrel, after it finished the previous session up 1.5 per cent. West Texas Intermediate (WTI) [...]
Security firm G4S reports results this week March 5, 2017 Security firm G4S will be reporting its 2016 full year results on Wednesday, the same day as the budget. This week’s numbers will spotlight the extent to which the group’s chief exec, Ashley Almanza has been successful in turning around the beleaguered company. Investors will be keen to see what progress the company has made [...]
Aviva and Legal General set to report profit rises March 5, 2017 Insurers Aviva and Legal & General are expected to report profit rises when they report on Wednesday and Thursday respectively next week. Analysts expect Aviva’s full-year operating profits to rise 8 per cent to £2.9bn and Legal & General is likely to advise operating profit increases of £1.6bn, an increase of 13 per cent, compared [...]
Bitcoin is now worth more than gold as the US dollar strengthens March 3, 2017 The price of bitcoin has overtaken gold today for the first time ever. The cryptocurrency was up to $1,275.15 this morning, while the price of gold dropped 0.35 per cent to $1,228.60 per ounce. Bitcoin has already had a tumultuous year as fears the Chinese government was moving to outlaw it dampened investor interest. But now the currency's price [...]
Deutsche Boerse has sold its remaining stake in Bats Global Markets March 2, 2017 Deutsche Boerse has offloaded its remaining shareholding in Bats Global Markets. It had sold one third of its stake in the Kansas-based stock exchange operator for $86m (£70m) in October, and said it had already realised a net income contribution of around €23m (£19.7m) from that. It expects the newest sale to boost earnings by €68m this quarter. [...]
New York wins big in global IPO boom – and that’s even before Snap’s flotation is counted March 2, 2017 The New York Stock Exchange (NYSE), home to this week’s eagerly-awaited IPO from Snap, has been the most popular exchange for new listings globally so far this year. The findings come as new data shows that the number of flotations worldwide has surged to levels not seen since before the credit crunch. With 187 offerings [...]
The London Stock Exchange fiasco does not bode well for post-Brexit Brussels March 2, 2017 Breaking up is never easy. For London and Frankfurt's leading stock exchanges this week has been awkward enough, even though their sudden split occurred before they'd managed to tie the knot. Deutsche Boerse's Carsten Kengeter is none too happy about being abandoned by his proposed merger partner. Yesterday's passive aggressive comments about the LSE's decision [...]
FTSE reshuffle day: Capita and Dixons Carphone replaced by Scottish Mortgage Investment Trust and Rentokil Initial March 1, 2017 Capita and Dixons Carphone have dropped out of the FTSE 100 after its quarterly review of constituents. They will be replaced by Scottish Mortgage Investment Trust and Rentokil Initial, FTSE Russell announced this evening. However, Easyjet and Intu Properties escaped the chop, which will take effect after the close of business on Friday 17 March. Read [...]
Man Group reports losses and lower performance fees March 1, 2017 Hedge fund Man Group disappointed investors with pre-tax losses of $272m for 2016 this morning, largely driven by accounting write downs at the company’s discretionary investments arm, GLG, and at FRM, Man’s fund of funds business. Performance fee revenues were down to $81m, compared to $302m in 2015, with declines across all divisions. The FTSE [...]
