Software glitch caused trading outage on European exchanges, says Deutsche Borse July 1, 2020 The reappearance of a software glitch that first surfaced in April was behind a nearly three hour outage on Wednesday on Germany’s electronic trading platform Xetra, exchange operator Deutsche Boerse said. Trading on several European stock exchanges, including Frankfurt and Vienna, was halted this morning following the technical issue. Read more: FTSE 100 subdued as [...]
Bulb bolsters senior team as energy firm targets 100m customers worldwide July 1, 2020 Bulb has made the latest in a string of senior appointments as the challenger energy company ramps up its bid to expand to 100m customers worldwide over the next decade. The company, which has been the fastest growing firm in Britain for the last two years, has brought in Easyjet chief marketing officer Lis Blair [...]
Europe pushes back against London bid to trim market trading hours July 1, 2020 A coalition of European bourses has said plans for shorter trading hours by London bodies would not be beneficial for investors or markets. The Federation of European Securities Exchanges (FESE) said shorter hours would be a move in the wrong direction. It instead advocated for adopting other measures to improve workplace culture, such as increasing [...]
FTSE 100 falters, taking shine off best quarter since 2010 June 30, 2020 The FTSE 100 retreated today as fears over a second coronavirus lockdown dampened the end of the strongest quarter for UK stocks since 2010. The blue-chip index ended the session XX per cent down after news of the UK’s first local lockdown and poor GDP figures helped dampen investor enthusiasm. Nevertheless, the FTSE 100 recorded [...]
Markets live: US stocks and FTSE 100 gain despite virus cases passing 10m June 29, 2020 The FTSE 100 closed higher on Monday following a mixed session amid investor fears over a second round of coronavirus lockdowns, with global Covid-19 cases exceeding 10 million. The blue-chip index fell sharply in morning trading before flipping positive, and rebounded to gain 1.08 per cent by the close. The FTSE’s European peers also edged [...]
Covid consolidation bears low-hanging fruit for traders June 29, 2020 | Sponsored No understatement is truer than the one about how “nothing will ever be the same again” following the coronavirus pandemic. Businesses in the hundreds of thousands will not reopen. Millions of jobs have been lost. Billions of dollars have been wiped off the valuations of household brands and City darlings. Past worries about Brexit seem [...]
Deutsche Boerse looks at revising Dax membership rules after Wirecard scandal June 29, 2020 The Wirecard scandal has prompted the German stock exchange operator to look at revisions to membership rules for Germany’s premier stock market index. Last week, the embattled German firm filed for insolvency after disclosing a €1.9bn blackhole in its accounts. It is the first sitting member of Germany’s blue-chip share index to go out of [...]
BP to sell aromatics and acetyls arms to Ineos for $5bn June 29, 2020 Oil giant BP has today agreed to sell its petrochemicals business to Sir Jim Ratcliffe’s Ineos for $5bn (£4.05bn). Under the deal, Ineos will acquire the supermajor’s aromatics and acetyls operations, which produce a combined 9.7bn of petrochemical products per year at 14 facilities around the world. Ineos will pay a $400m deposit for the [...]
Sterling slips against euro and dollar amid worries over UK spending plan June 29, 2020 Sterling fell against the euro and dollar on Monday amid concerns from investors over how the British government will finance its planned infrastructure programme, with Brexit-related risks helping to keep pressure on the pound. Prime Minister Boris Johnson said this morning that he would ramp up government spending in a bid to mitigate the economic [...]
UK debt office plans record bond sales to help struggling economy recover June 29, 2020 The UK will sell a record amount of government debt this year, testing the level of demand for gilts as Britain grapples with the economic fallout from the coronavirus pandemic. The UK’s Debt Management Office (DMO) this morning announced plans to sell a further £50bn of bonds by the end of August, bringing its issuance [...]