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 [...]
Will rising commodity prices prompt a shift for equity investors? March 16, 2021 | City Talk A number of different factors are coming together to support rising commodity prices. Such price rises could have a profound effect on the type of companies equity investors want to own. After years of being out of favour, suddenly commodity-related stocks – which are often found at the value end of the spectrum – may [...]
FTSE 100 closes in the red as Astrazeneca doubts weigh on index March 15, 2021 The FTSE 100 closed in the red this afternoon as growing doubt over the efficacy of the Astrazeneca vaccine weighed on hopes for a swift economic recovery from the pandemic across Europe.
Deliveroo plans to issue £1bn of new shares in upcoming London float March 15, 2021 Food delivery giant Deliveroo said this morning that it plans to offer around £1bn of new shares in its upcoming London float. The company confirmed that its public listing will also include the sale of shares by certain existing shareholders. Deliveroo further added that it will have two classes of shares, with founder and chief executive Will Shu [...]
Markets: FTSE eeks out gains as UK’s GDP drops March 12, 2021 Markets: FTSE eeks out gains as UK's GDP falls
Richard Branson’s Virgin Orbit plots $3bn listing via Spac March 12, 2021 Billionaire Sir Richard Branson is continuing to pile into blank-cheque vehicles and is now seeking a public listing for his own satellite-launch company. Virgin Orbit has hired bankers to explore going public through a special purpose acquisition company (Spac) for up to $3bn, according to the Wall Street Journal. It has hired Credit Suisse and [...]
Sterling tumbles as bond yields climb again March 12, 2021 Sterling fell as much as 0.8 per cent against the dollar today as a fresh sell-off of US Treasury bonds pushed yields higher today. After trading above $1.40 overnight, cable dropped back today, and is now sitting just below $1.39. Despite the tumble, the pound is still set for a week of solid gains against [...]
Commission-free trading apps follow path of challenger banks by introducing fees March 12, 2021 Commission-free trading apps like Robinhood have soared in popularity for retail investors during the pandemic. Now their attraction is dwindling as they follow the path of challenger banks by introducing fees. Robinhood lured traders through its promise of no trading fees but has recently faced regulatory scrutiny after a year of significant market volatility. Then [...]