FTSE 100 slips after Donald Trump leaves hospital October 6, 2020 The FTSE 100 slipped and European markets struggled for direction as US President Donald Trump returned to the White House after being hospitalised with coronavirus. The blue-chip index started the morning with modest gains, edging 0.1 per cent higher in early trading. Yet it slipped into the red to stand 0.2 per cent lower shortly [...]
Boris Johnson to unveil £160m for offshore wind power October 6, 2020 Boris Johnson will use today’s Conservative Party Conference speech to pledge £160m for developing offshore wind power as the UK attempts to “build back greener” after the coronavirus crisis. By 2030, the government is targeting developing enough wind power capacity to provide enough energy for the equivalent of every UK home. It is now looking [...]
Premier Oil strikes deal to merge with North Sea rival Chrysaor October 6, 2020 Premier Oil this morning announced that it had agreed to merge with fellow North Sea explorer Chrysaor in a deal which will make the firm the largest independent London listed oil company. Shares in the firm leapt 10.9 per cent as markets opened this morning. The deal will see Premier’s $2.7bn debt pile, which has [...]
Oil prices jump on optimism over Trump health updates October 5, 2020 Oil prices surged six per cent today after doctors said US President Donald Trump could soon be discharged from hospital following his Covid-19 diagnosis. Brent crude rose 5.6 per cent to $41.48 per barrel this afternoon, while US West Texas Intermediate was up 6.4 per cent to $39.42 per barrel. Oil prices had dropped more [...]
US stocks and FTSE 100 jump as markets rebound on signs of Trump’s health improving October 5, 2020 US stocks jumped this afternoon, while the FTSE 100 climbed steadily following reports that President Donald Trump’s health was improving. Wall Street’s Dow Jones and tech-heavy Nasdaq both gained more than one per cent in early trading. The S&P 500 climbed 0.9 per cent, following a sharp sell-off last Friday on the President’s announcement that [...]
Goldman Sachs backs sterling, saying Brexit deal in November likely October 5, 2020 Goldman Sachs is advising its clients to buy sterling, with analysts predicting that the UK and EU could reach a post-Brexit trade deal by early November. Analysts at the US investment bank said that while the risk of a breakdown in negotiations could not be ruled out, their “core view” was that a “‘thin’ zero-tariff/zero-quota [...]
Airbnb aims to raise roughly $3bn in IPO October 3, 2020 Home rental company Airbnb is aiming to raise around $3bn in its upcoming initial public offering (IPO), people familiar with the matter said on Friday, taking advantage of the unexpectedly sharp recovery in its business after the Covid-19 pandemic roiled the travel industry. Airbnb will be one of the largest and most anticipated US stock [...]
Oil prices slump as Trump contracts coronavirus and global output increases October 3, 2020 Oil prices fell more than four per cent on Friday after US President Donald Trump tested positive for Covid-19. The sell off saw oil post its second weekly decline as rising global crude output threatened to overwhelm the market’s recovery. The uncertainty around the health of Trump contributed to a number of factors causing uncertainty, [...]
US stocks and FTSE 100 fall after Donald Trump gets coronavirus October 2, 2020 US stocks tumbled and the FTSE 100 was lower after US President Donald Trump tested positive for coronavirus just a month before the presidential election. Wall Street’s S&P 500 index was 0.6 per cent lower in early trading, having recovered some ground after a sharp fall at the open. The Dow Jones was down 0.5 [...]
Shot in the arm for e-sports market as David Beckham-backed enterprise is UK’s first to float October 2, 2020 David Beckham’s e-sports company Guild Esports started trading on the London Stock Exchange today. The firm, which trades under the ticker GILD, is the first major e-sports company to go public in the UK. Guild Esports said earlier this week that its oversubscribed offering of 250m shares was priced at 8 pence per ordinary share. [...]