Recruiter SThree raises profit outlook as Germany and US demand improves November 23, 2020 Recruitment firm SThree has projected annual profit to be slightly above market expectations following heightened staff demand for professionals in life sciences and technology in the United States and Germany. The company said hiring improvement in the US and Germany could be seen in October and early November, sending shares up 2.8% in early trading. [...]
FTSE flattens mid-afternoon November 23, 2020 Cineworld, Tui, BA owner and pub companies lead FTSE vaccine bounce
Global dividends start to make a tentative recovery November 23, 2020 With the impact of the pandemic still lingering, global dividends have dipped again this quarter although there are encouraging signs the worst is now over for investors. Payouts in the third quarter dipped fell by $55bn to $329.8bn, the lowest since 2016, according to Janus Henderson’s latest dividend tracker. The 11 per cent decline was [...]
Households face hike in energy bills due to Covid ‘bad debt’ November 20, 2020 Millions of households could see their energy bills hiked by £21 in order to compensate suppliers for unpaid customer debts incurred due to the coronavirus pandemic. Energy watchdog Ofgem is mulling whether to increase the energy price cap for 11m homes to allow suppliers to recoup these “bad debts”. The regulator said that it expected [...]
Gold prices set for second week of falls as vaccine hopes spur traders November 20, 2020 Gold prices were on track to fall for a second consecutive week as investors chanced their arms on equities again on news of not one but two effective coronavirus vaccines. The safe haven asset has seen prices jump almost 25 per cent this year, with traders piling in as stock markets melted down around the [...]
Watchdog calls for end to relaxation of pre-emption rules November 20, 2020 The audit regulator has called for an end to the relaxed pre-emption rights past the November deadline, in what has been hailed as a positive step for retail investors. The so-called pre-emption rights were first introduced in March by the Financial Reporting Council (FRC) in a bid to help struggling companies raise cash quickly. The [...]
FTSE 100 and global stocks fall after vaccine sugar-rush November 19, 2020 The FTSE 100 and global stocks dropped as worries about rising coronavirus cases and longer-than-expected lockdowns knocked the index after positive vaccine news drove it higher yesterday. London’s main stock index fell 0.9 per cent to 6,327 points by mid-afternoon. The FTSE 250 of slightly smaller firms also fell 0.9 per cent. In the US, [...]
Treasury launches listings review to lure companies to float in the UK November 19, 2020 The Treasury has today launched a review into the rules governing public listings in a bid to lure firms to float in the UK. Former British commissioner to the EU Lord Hill will lead the review which is aimed at helping to shape the UK’s financial services industry after Brexit. Lord Hill will present his [...]
Struggling Cineworld leads the list of 10 most shorted UK stocks November 19, 2020 Investors have taken big bets against cinema group Cineworld and energy firms Premier Oil and Tullow Oil, with Blackrock taking the highest number of short positions in the UK market, new analysis has shown. Behind Cineworld, Premier and Tullow, the most shorted stocks as of 12 November included oil services firm Petrofac, lender Metro Bank [...]
CMC Markets posts record results as pandemic fuels trading activity November 19, 2020 CMC Markets enjoyed a bumper start to the year after more than doubling its income in the first half, capitalising on market volatility amid the pandemic. The trading platform reported a record £230.9m in net operating income for the six months ended 30 September, up from £102.3m in the same period last year. CMC, whose [...]