Centamin strikes gold as price surge takes revenues to new highs March 22, 2021 Gold miner Centamin generated record revenue in 2020 as the coronavirus pandemic pushed precious metal prices higher around the world. The firm reported revenue of $829m in 2020, from gold sales of 468,681 ounces at an average realised gold price of $1,766 per ounce sold. The gold mining company recorded profit before tax of $315m [...]
City A.M. TV: Daily Market Snapshot (video) March 22, 2021 City A.M. TV: Daily Market Snapshot (video)
Payments group Wise mulls direct London listing March 19, 2021 Payments company Wise, formerly known as Transferwise, is reportedly looking to list in London without selling new shares to investors. Upheld as one of the UK’s most successful startups, having reached unicorn status in 2015, Wise has long been considered a candidate for an IPO. The fintech, which was most recently valued by private investors [...]
FTSE 100 falls as fresh lockdowns across Europe dampen economic outlook March 19, 2021 The FTSE 100 fell this morning as fresh Covid-19 lockdowns across Europe dampened hopes of a swift recovery in demand for industrial stocks including energy. London’s blue-chip index sank 1.2 per cent, before recovering slightly to sit 0.6 per cent down at 8.30am. Oil heavyweights BP and Royal Dutch Shell fell 3.2 per cent and [...]
FTSE 100 recovers after Bank of England holds interest rates March 18, 2021 London stocks recovered this afternoon after suffering a drop following the Bank of England’s decision to hold interest rates indicated the pace of Britain’s economic recovery from the Covid-19 pandemic. The BoE kept its stimulus programme unchanged this afternoon ahead of an expected recovery in Britain’s economy later this year, helped by the fast rollout [...]
US Fed surprises with 6.5 per cent growth prediction and leaves interest rates on hold March 17, 2021 US Fed surprises with 6.5 per cent growth prediction and leaves interest rates on hold
How can investors access the UK’s industrial recovery? March 17, 2021 | City Talk The UK has barely begun to edge out of its third Covid-19 lockdown but economic activity in some sectors is already racing ahead. While consumer-facing services businesses still await a return to “normal”, the industrial manufacturing and construction parts of the economy are recovering strongly. We can see signs of this in the CIPS/Markit manufacturing [...]
FTSE slips ahead of US Fed meeting March 17, 2021 The FTSE 100 dipped slightly this morning as investors awaited the outcome of the US Federal Reserve’s policy meeting for signs about upcoming interest rates. London’s blue-chip index opened 0.25 per cent down, with mining stocks including Rio Tinto, Anglo American, Evraz and BHP Group falling between 0.5 per cent and 2 per cent. BT [...]
Wall Street and FTSE 100 push higher as markets shrug off Astrazeneca saga March 16, 2021 Wall Street rose to record highs this afternoon as tech stocks gained momentum ahead of a two-day policy meeting for the Federal Reserve. The S&P 500 was up 0.27 per cent to an all-time high while the tech-heavy Nasdaq jumped 1.17 per cent, extending a rebound in stocks following last month’s sell-off. The Dow Jones [...]
eToro confirms plans to merge with a Spac at $10bn valuation March 16, 2021 Investment platform eToro has confirmed plans to merge with a special acquisition company after years of speculation about going public. The London-based firm announced it had agreed to merge with Fintech Acquisition Corp. V in a deal which values eToro at around $10.4bn. The companies are raising approximately $650m in equity. Established in 2007 by [...]