Oil prices remain elevated as US refineries ramp up processing while EU edges toward embargo May 25, 2022 Oil prices rose slightly today, buoyed by US refinery processing levels and growing expectations of an EU ban on Russian imports.
Cineworld, ASOS and Boohoo: The 10 most shorted LSE stocks and the City fund managers that go after them May 25, 2022 Cineworld Group, the world’s second-largest cinema chain, is currently the most shorted UK listed company, according to the most up-to-date London Stock Exchange data. Some 8.2 per cent of its stock was held short by five investment firms, with New Holland Capital LLC holding the largest short position with 2.4 per cent of the company’s [...]
Glencore pays $1bn settlement to US authorities after admitting bribery in UK court May 24, 2022 Commodity trader Glencore has agreed to pay more than $1bn to US and Brazilian authorities to settle corruption investigations, after indicating it will plea guilty to bribery charges in the UK. Glencore said it will pay a combined sum of $1.06bn to the US Department of Justice (DoJ) and Commodity Futures Trading Commission (CFTC), and [...]
The tech tumble strikes again: Social media firms set to lose £112bn following Snap warning May 24, 2022 Snapchat's parent company's shares tumbled nearly 40 per cent in early morning trading, after the company warned against dwindling revenues and slowing recruitment.
Safe as houses? The inflation-busting benefits of investing in property May 23, 2022 | City Talk Real estate assets can generate significant returns for investors, with cash flows keeping up with (and in some cases exceeding) inflation levels. Although residential property can be a sound investment, it is also one of life’s essentials. Everyone needs somewhere to live. It is this basic human necessity that is the reason why housing is [...]
1 Minute Market Rundown – 23rd May 2022 May 23, 2022 | City Talk Trade the ExtremesGBP Squeeze Higher ContinuesS&P 500 Teeters on Verge of a Bear Market Markets that close 20% below its peak level are defined as being in a bear market. The S&P is 19% down from its peak but with the Nasdaq and Russell 2000 27% off its highs, feels safe to say we have [...]
Recession concerns vie with inflation risk for investors in unpredictable market week ahead May 23, 2022 It was aother week of declines for US markets on Friday, with the S&P500 closing lower for the seventh week in succession, making a fresh 18 month low, and briefly retracing 50 per cent of the move from its 2020 lows to its record highs late last year. The Nasdaq 100 similarly pulled off new [...]
Fund managers double down on defensive positions as inflation soars May 22, 2022 Investors are boosting cash holdings and piling into real estate this year as they look to stave off the worst impacts of soaring inflation and market volatility sparked by Russia’s invasion of Ukraine.
1 Minute Market Rundown – 19th May 2022 May 19, 2022 | City Talk Trade the ExtremesUSD on the Front Foot AgainCrypto Slides We won’t lie…yesterday caught us rather off guard. Risk, for lack of a better word, capitulated. US shares plunged 4%, their biggest daily drop in almost 2 years. Earnings reports from US consumer titans (Walmart, Costco, Target) disappointed and fuelled concerns that high inflation is squeezing [...]
The TMT M&A game change: Are dealmakers ready to play? May 18, 2022 | City Talk A few months into 2022, and mergers and acquisitions (M&A) activity in the technology, media, and telecommunications (TMT) sector is already setting the tone for an interesting year ahead, with some organizations making bold moves into the new and next. This is after a banner 2021 where the sector topped the tables in both value [...]