Shares in Egdon and Europa pop as Lincolnshire field produces first oil February 1, 2021 Shares in UK onshore oil firms Egdon and Europa jumped today as the companies announced the first production from their Wressle site in Lincolnshire. The site, which was meant to produce its first oil last year, is one of few onshore oil developments in the UK. AIM-listed Europa saw its stock soar 15 per cent [...]
CMC restricts ‘memestock’ shorting amid Gamestop frenzy February 1, 2021 Trading platform CMC Markets has restricted short selling in Gamestop, AMC and other so-called “meme stocks” following an attack on hedge funds by Reddit traders. Last week day traders in r/wallstreetbets flocked to Gamestop lifting its share price to new heights in what some called a war against hedge funds. Gamestop is the most shorted [...]
Wall St follows FTSE higher as Reddit attention turns from Gamestop to silver February 1, 2021 Wall St follows FTSE higher as Reddit attention turns from Gamestop to silver
First-time investors push profits higher at Hargreaves Lansdown February 1, 2021 A surge in younger investors investing for the first time have helped push up profits at the UK’s largest investment platform Hargreaves Lansdown. Hargreaves Lansdown reported a 10 per cent increase in pre-tax profit in the six months to December, to £188.4m, compared with the same period a year earlier. Net new business was up [...]
Why renewable energy could gain from the green hydrogen trend February 1, 2021 | City Talk What effect will net zero have? One of the most notable features of climate policy over the last couple of years has been the rise of national and supranational “net zero” targets. Countries and regions adopting these targets include Europe, the UK, China, South Korea, Japan, Canada, South Africa and a handful of US states. [...]
The changing face of markets February 1, 2021 | Sponsored I see myself as a ‘global’ citizen that, through my work over the last 20+ years, has developed a deep experience of capital markets and exchanges. At the beginning of this century I was part of the creation of Euronext that resulted a few years later in leading its European cash market from Paris before [...]
Digital 9 Infrastructure set for £400m London listing February 1, 2021 Digital 9 Infrastructure, an investment trust, today announced that it was launching a £400m London initial public offering (IPO). The trust, which is newly established, will invest in a range of digital infrastructure assets, including subsea fibre, data centres, terrestrial fibre, tower infrastructure and small cell networks. It will be externally managed by Triple Point [...]
Renewables firm Next Energy set for London IPO February 1, 2021 Renewables firm Next Energy has this morning announced that it will list on London’s main market. The company is seeking to raise £300m at an issue price of £1 per share. Founded in 2007, the investment company has around $2.3 in assets under management around the world. It invests both in established renewable energy sources [...]
The week ahead, 1-5 February: FTSE heavyweights front up to third lockdown January 31, 2021 After a turbulent opening to 2021, with new Covid-19 lockdowns around the world, spats over “vaccine nationalism”, and chaos on both Wall Street and Pennsylvania Avenue, a slew of FTSE heavyweights are set to update the market in what will be a crunch week for London’s indices. Despite a strong opening week, the FTSE 100 [...]
GameStop rises on Wall St open as FCA issues trading warning January 29, 2021 GameStop stock was up more than 100 per cent as US markets opened today, as popular trading platform Robinhood eased restrictions on buying into the stock. The army of small investors behind this week’s dramatic squeeze on Wall Street hedge funds returned to drive shares in GameStop and other hot companies higher on Friday as online broker [...]