FTSE 100 reshuffle: ITV set to tumble from the big league September 1, 2020 The FTSE 100 is set for another dramatic reshuffle as the blue-chip index adapts to life during the coronavirus pandemic, with telly stalwart ITV almost certain to drop from the list and bargain retailer B&M likely to rise. FTSE Russell, which runs the index, will decide who’s up and who’s down according to prices at [...]
How might stocks react to a Biden win? September 1, 2020 | City Talk Our analysis suggests such an assumption would be premature. It’s not just Covid-19 and the economic slump it has caused that are on investors’ minds. They’re also beginning to worry about the risks surrounding the 2020 US presidential election. The latest polls show that the presumptive Democratic nominee, Joe Biden, is poised to win and the [...]
Asian markets rise after strong Chinese manufacturing data September 1, 2020 Asian markets rose today after strong readings on China’s vast manufacturing sector offset the weak lead from a softer Wall Street session. MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.2 per cent, to regain some ground it had lost on Monday. The Hang Seng Index in Hong Kong traded 0.18 per cent higher [...]
FTSE 100 falls but US stocks rise as markets weigh up Fed changes August 28, 2020 The FTSE 100 dropped in afternoon trading but US stocks rose as investors digested the US Federal Reserve’s decision to take a more relaxed approach to inflation, a step that supported Wall Street stocks last night. London’s main stock index fell 0.4 per cent to 5,977 points. The FTSE 250 of mid-sized firms climbed 0.1 [...]
Share and share alike: electronically? August 28, 2020 | City Talk Where – if you’re lucky enough to own shares – do you store the paperwork? A drawer? The attic? Share certificates – possessed by millions of Britons – and dividend cheques seem on a path becoming obsolete. A trend towards digital delivery of shareholder-related communications means that the era of private investors filing away their [...]
New Zealand stock exchange targeted by hacker in fourth day of cyber attacks August 28, 2020 New Zealand’s stock exchange, the NZX, has resumed trading, after outages for four consecutive days in the wake of cyber attacks this week. It’s prompted the government to activate national security systems to support the bourse. The NZX halted trading for around three hours on Friday, after crashing due to network connectivity issues, marking the [...]
Bumper summer for IPOs with fastest start to second half since 2007 August 27, 2020 Companies are pressing on with plans to go public even amid second wave fears, with the fastest start to the second half of the year since 2007. A global total of 241 initial public offerings (IPOs) have been recorded during the second half of the year so far, according to data from Refinitiv. Listings inevitably [...]
British Gas pays out £1.7m after prepayment supplier error August 27, 2020 British Gas will pay out £1.7m after the energy supplier failed to inform hundreds of thousands of customers that it had changed prepayment supplier. On 1 January, the Centrica-owned firm changed top-up provider from Paypoint to Payzone, but failed to notify 270,000 customers. Ofgem, the energy regulator, said some British Gas customers had suffered as [...]
Staff at ETF provider Tabula call time on home working as it moves to Strand August 27, 2020 London headquartered fixed income ETF provider Tabula Investment Management is luring employees back to work with an expanded office to support social distancing. Tabula’s move to 55 Strand will double its office footprint from 1,300 square feet to more than 3,000 sq ft. The fund manager says more than 90% of London-based staff have agreed to [...]
Wall Street and FTSE 100 push higher on US inflation shift August 27, 2020 Wall Street opened higher and the FTSE 100 reversed losses this afternoon as investors digested the Jackson Hole central banking symposium, where US Federal Reserve chair Jay Powell spoke. Powell punchy update on the Fed’s monetary policy review buoyed investors and drove gains for US stocks. Read more: Jackson Hole symposium: All eyes on Fed [...]