Why the world’s whisky fans can’t get enough of Scotch February 1, 2022 | Sponsored Scottish whisky is selling fast in every corner of the globe as drinkers and collectors embrace the ‘wee dram’. In fact, in 2020, 36 bottles of Scotch were shipped every second to 166 global markets, totalling 1.1bn a year. Emerging Asian consumers are spending more than ever on Scotch, with Singapore and Taiwan now ranking [...]
Shell: What to expect from the energy giant’s upcoming fourth-quarter results January 31, 2022 Shell is set provide investors with a key update on its massive $7bn share buyback scheme during its fourth-quarter results later this week.
FTSE 100 loses one of its biggest components as mining giant BHP bows out January 31, 2022 The FTSE 100 lost one of its biggest components on Monday as miner BHP was removed from the index, after deciding to unify its dual-listed structure into one entity in Sydney. The business’s size was only eclipsed by AstraZeneca and Shell among its peers in London. Its primary listing moved to Australia, ending a decades-long [...]
Gold under pressure amid interest rate hike concerns January 31, 2022 Gold prices chalked up its biggest weekly loss last week since September, with the Federal Reserve finally set to hike interest rates.
Mining giant Anglo Pacific names new CEO amid shift away from coal January 31, 2022 Mining company Anglo Pacific has said company veteran Marc Bishop Lafleche will succeed Julian Treger as its new CEO. Bishop Lafleche, who currently serves as Anglo Pacific’s Chief Investment Officer, will take over the firm in April of this year. Former Citi banker, Bishop Lafleche, first joined Anglo Pacific in 2014 as the company’s investment [...]
Upbeat investors are knocking on February’s door after end of month rebound January 31, 2022 After a wild and turbulent week, which saw European markets close lower for the third week in succession, and US markets hit seven-month lows, before closing the week higher, January has been a month which has proved to be hugely challenging to define a narrative for more than a day. While markets in Europe [...]
Octopus Energy faces £100m blow from market meltdown January 29, 2022 Octopus has warned it is facing a hefty bill from the energy crisis, as it absorbs the impact of the price cap and soaring wholesale costs.
Cineworld, Hammerson and Boohoo: The top 10 most shorted UK stocks and fund managers with the most positions January 29, 2022 Cineworld Group, the world’s second-largest cinema chain, is currently the most shorted UK listed company, according to new research shared exclusively with City A.M. this morning. Some 8.8 per cent of its stock was held short by six investment firms, with New Holland Capital the largest short position with 2.42 per cent of the company’s [...]
Mysterious Covid variant BA.2 spreads like lightning into over 40 countries but Omicron acts as ‘super booster’ to new coronavirus mutation January 27, 2022 The new Covid variant BA.2, first detected at the end of last week, is spreading rapidly across the globe, as the new mutation has now popped up in more than 40 countries around the world, according to various reports. Also called ‘stealth omicron,’ the World Health Organization has reported cases of BA.2 in dozens of [...]
Crude oil moves closer to $100 milestone as tensions mount between the US and Russia January 26, 2022 Oil prices touched $90 a barrel for the first time in seven years amid tightening supplies and rising tensions between Ukraine and Russia