Rio Tinto should pay reparations for sacred cave destruction, inquiry finds December 9, 2020 Mining giant Rio Tinto should pay reparations to indigenous Australians for the destruction of two sacred caves, an inquiry into the incident has found. The FTSE 100 company has been the subject of fierce criticism since it decided to destroy the 46,000-year old Jukkan Gorge site in Western Australia in order to expand an iron [...]
FTSE 100 rises ahead of PM’s Brexit trip to Brussels December 9, 2020 The FTSE 100 opened higher as Prime Minister Boris Johnson prepared to fly to Brussels for key Brexit talks and after the administration of Donald Trump in the US suggested a $916bn (£685bn) stimulus package. The index climbed 0.3 per cent to 6,580 points in early trading. Britain’s FTSE 250 index of mid-cap firms rose [...]
Aberdeen Standard to buy 60 per cent of logistics property investor Tritax December 9, 2020 Aberdeen Standard Investments (ASI) will acquire 60 per cent of logistics real estate manager Tritax for an undisclosed sum, the two companies announced today, as it seeks to benefit from the boom in online shopping. Tritax is a fund manager that focuses on investing in logistics real estate such as warehouses in the UK and [...]
FTSE 100 falls along with pound amid Brexit impasse December 8, 2020 The FTSE 100 fell and the pound slipped again as Brexit talks continued, with Prime Minister Boris Johnson set to fly to Brussels for last-ditch talks. The London stock index was down 0.5 per cent, hitting 6,521 points. The FTSE 250 – made up of smaller firms – was also down 0.5 per cent. Read [...]
Government calls on banks to advise on first green gilt December 8, 2020 The UK government has asked banks to bid for contracts to advise on the launch of the country’s first green gilt. Chancellor Rishi Sunak unveiled plans last month to issue climate-focused securities for the first time. He said the bonds would contribute to a “new chapter for financial services” in the UK. Green government bonds [...]
Nasdaq hits record high as Apple and Facebook enjoy bounce December 7, 2020 The tech-heavy Nasdaq has hit a record high today rising 0.4 per cent, as several of its largest constituents rose in value. Apple stock jumped 1.56 per cent and Facebook rose 2.05 per cent, but a decline in names such as Alphabet and Microsoft kept major averages in check. Large cap growth stocks, which had [...]
FTSE 100 outperforms Europe as Brexit hits sterling December 7, 2020 Brexit uncertainty paradoxically helped the FTSE 100 outperform European markets, as a tumbling pound boosted the index. The FTSE was 0.4 per cent higher shortly after midday, trading at around 6,577 points. Sterling was down 1.2 per cent to $1.328, having touched a two-year high on Friday, as investors worried about the lack of progress [...]
Pound slides as investors fret over Brexit talks December 7, 2020 The pound fell sharply as investors began to question whether a Brexit deal would be reached, with traders unwinding bets made last week amid fresh uncertainty over negotiations. Sterling tumbled 1.3 per cent against the dollar to $1.326, having hit a two year high of $1.354 on Friday. The pound also slid against the euro, [...]
Eurozone investor sentiment soars amid vaccine optimism December 7, 2020 Positive vaccine news has made Eurozone investors vastly more cheery, with a closely watched sentiment index hitting its highest level since February. The Sentix Eurozone investor sentiment index jumped to minus 2.7 in December from minus 10 in November, the data company said today. Driving the surge was a sharp recovery in investors’ views of [...]
FTSE Russell drops eight Chinese companies after Trump order December 5, 2020 Index provider FTSE Russell has said it will remove eight Chinese companies from some of its indices after President Trump banned US investors from holding stakes in the businesses. FTSE Russell said the companies, which include China Railway Construction and video security firm Hikvision, would be removed from its FTSE global equity indices and the [...]