FTSE 100 slips as doubts set in about new US stimulus July 22, 2020 The FTSE 100 continued to trade in the red on Wednesday afternoon as US coronavirus cases continued to rise and investors doubted Congress would pass another stimulus bill within two weeks. London’s blue-chip index shed 0.59 per cent by 3pm to 6,232 points. The FTSE 250 edged up 0.15 per cent however. It came after [...]
‘Euphoria’: Silver price surges and gold nears all-time high July 22, 2020 Silver hit its highest price in seven years and gold surged close to an all-time record as investors bought up the commodities in anticipation of yet more economic stimulus from the world’s biggest economies. Silver rose as much as seven per cent to around $22.80 per ounce in morning trading. However, it then slipped back [...]
FTSE 100 climbs after EU strikes huge stimulus deal July 21, 2020 The FTSE 100 rose after European Union leaders struck a deal to create a huge €750bn (£680bn) recovery fund to try to rouse the continent’s economy from the coronavirus crisis. London’s blue-chip index climbed 0.5 per cent to 6,292 points. The slightly smaller FTSE 250 index rose 0.8 per cent. Read more: EU leaders reach [...]
BHP hits iron ore, coal and copper guidance despite coronavirus July 21, 2020 Mining giant BHP today said that it had hit its guidance for production of iron ore, coal and copper despite the disruption caused by the coronavirus crisis. However, it warned that so-called second waves of the new disease could hit short-term demand for its commodities, prompting it to broaden the range of its output forecasts [...]
Revolut backer Balderton sinks £8m into detergent startup Smol July 21, 2020 Detergent delivery startup Smol has today closed an £8m funding round, led by London venture capital giant Balderton. The funding was supported by Jamjar Investments, the venture capital firm co-founded by the founder of Innocent Drinks. Launched in 2018 by former Unilever employees Paula Quazi and Nick Green, Smol delivers laundry and dishwasher detergent in [...]
Softbank pulls investment from Credit Suisse funds July 20, 2020 Softbank is said to have pulled an investment from Credit Suisse’s supply chain finance funds, after the Swiss bank reviewed the Japanese giant’s role in the funds. The Swiss bank launched the review after reports last month that Softbank had injected $500m into some of Credit Suisse $7.5bn range of funds, which in turn invested [...]
‘A day in the life’ of a Chief Investment Officer- Jeff Dorman- Arca TALKS exclusively to BEQUANT July 20, 2020 | City Talk Jeff Dorman, CFA is a Co-founder and Chief Investment Officer at Arca–an innovative digital asset investment company that combines traditional finance with blockchain technology to offer SEC-registered, 40-Act and hedge fund investment products to institutional and retail investors. Jeff spoke exclusively to BEQUANT, discussing a day in his life post covid-19, how a typical day at [...]
Rare earth miner Pensana inks deal with Chinese firm for Angola project July 20, 2020 Rare earth metals firm Pensana has today announced that it is exploring a partnership with China Great Wall Industry Corporation (CGWIC) to develop its flagship mine in Angola. The project, at Longonjo in the southern African country, is the first new rare earth mine in over a decade. The mine, which is slated to start [...]
Johanna Kyrklund: Are markets paying enough attention? July 20, 2020 | City Talk Like home-schooled children during the Covid crisis, markets seem to be struggling to pay attention for long. For parents, one of the most difficult parts of lockdown has been home-schooling their children. My social media feed has been full of people tearing their hair out as long-forgotten concepts such as subordinate clauses or trigonometry have [...]
FTSE 100 falls as rising coronavirus cases dent optimism July 20, 2020 The FTSE 100 slipped in morning trading as investors weighed rising coronavirus cases in the US and Hong Kong against hopes that a vaccine may soon be found. London’s main stock index dropped 0.7 per cent to 6,246 points. The FTSE 250 index of slightly smaller companies fell 0.2 per cent. Germany’s Dax rose 0.4 [...]