Kazakhstan fintech Kaspi plans London IPO October 2, 2020 Kazakh banking and fintech firm Kaspi has confirmed plans to float on the London Stock Exchange this month. Kaspi, which controls the third-largest bank in Kazakhstan, said it plans to sell new and existing shares by listing its Global Depositary Receipts (GDRs) on the stock exchange. The company did not reveal what stake its shareholders [...]
Global oil prices plunge over fresh demand fears October 1, 2020 Global oil prices dropped sharply this afternoon amid fears that the continuing rise in coronavirus cases would drive demand down again. Worldwide standard Brent crude lost 5.2 per cent to trade at $40.05, while US benchmark West Texas Intermediate dropped six per cent to stand at $37.75. Earlier this week, the number of people who [...]
Spotting the right opportunity, at the right time October 1, 2020 | City Talk For an active trader, volatility always represents opportunity. As the most traded commodity in the world, this is especially the case for traders in the oil markets. Oil has traditionally been viewed as a relatively safe bet. While there are countless examples of a stock price dropping greater than 50 per cent in an instant [...]
FTSE 100 climbs on hopes of US stimulus breakthrough October 1, 2020 The FTSE 100 opened higher earlier today as hopes that the US would approve a fresh round of stimulus measures boosted investor confidence around the world. London’s premier index initially rose 0.5 per cent, to 5,896.38 points, currently trading at 5,872.07 as US markets open. The FTSE 250 of mid cap firms rose 0.1 per [...]
Tokyo Stock Exchange trading suspended due to technical glitch October 1, 2020 Trading on the Tokyo Stock Exchange was suspended today due to a technical glitch, marking the worst outage since Japan’s main stock exchange shifted to fully electronic trading in 1999. The Tokyo Stock Exchange, which is the world’s third-largest bourse, said trading would not resume for the rest of the day, throwing investment strategies into [...]
FTSE 100 on course for monthly decline as record GDP drop confirmed September 30, 2020 FTSE 100 flat as government figures confirm a masssive fall in UK GDP
SSE remains on track for £250m coronavirus hit September 30, 2020 Energy giant SSE today confirmed that it was on course for a £120m to £130m hit for the first six months of the year due to the impact of the coronavirus pandemic. Back in July, when it unveiled its full year results, the firm warned that the pandemic, which has caused power demand to drop, [...]
David Beckham’s e-sports team Guild raises £20m ahead of market debut September 29, 2020 David Beckham’s e-sports company has raised £20m ahead of its plans to list on the London Stock Exchange this week. The company, which announced plans to float earlier this month, will be the first e-sports enterprise to go public in Britain. On Tuesday Guild said its oversubscribed offering of 250m shares was priced at 8 [...]
FTSE 100 sinks ahead of Brexit talks and US presidential debate September 29, 2020 The FTSE 100 lost momentum today as rising coronavirus cases kept investor sentiment subdued ahead of the next round of Brexit negotiations and the first US presidential debate. The blue-chip index had slipped 0.72 per cent by lunchtime after following global stocks higher yesterday in a so-called relief rally. Read more: Hotel Chocolat swings to [...]
FTSE 100 dividend payouts fall to lowest level in nearly a decade September 29, 2020 Dividend payouts by FTSE 100 firms have dropped to their lowest point in nearly a decade as the pandemic forces companies to slash payments. Dividend payments for FTSE 100 firms are forecast to plunge 24 per cent this year, according to AJ Bell. It follows an 11 per cent drop in 2019, leaving the total [...]