Asian stocks rise as markets pin hopes on global economic recovery June 2, 2020 Asian stocks ground out gains overnight as traders chose to focus on the prospects of a global economic recovery from coronavirus over US-China fears. Japan’s Nikkei jumped 1.3 per cent on Tuesday but Hong Kong’s Hang Seng index rose a comparatively small 0.6 per cent. President Donald Trump’s threat to bring in the military to [...]
London Stock Exchange finds broad backing for shorter trading hours June 1, 2020 The London Stock Exchange (LSE) has found strong support for shorter trading hours after a public consultation with the industry. Feedback from the LSE’s public consultation found a “significant majority” of respondents thought a reduction of market hours “could lead to improvements in diversity and wellbeing”. A small number suggested a “lunch break” as an [...]
Markets live: FTSE 100 gains fade on US-China tensions as Wall Street wobbles June 1, 2020 The FTSE 100 pared some of its gains amid simmering tensions between the US and China over Beijing’s crackdown on semi-autonomous Hong Kong. Despite the concerns, US President Donald Trump stopped short of ripping up the US-China trade deal over China’s actions in the city-state. However, stocks surrendered some of their earlier gains as reports [...]
Petropavlovsk pours cold water on UGC merger reports June 1, 2020 Russian gold mining giant Petropavlovsk has poured cold water on reports that it is considering a potential merger deal with largest shareholder UGC. In an interview with the Telegraph, the FTSE 250 firm’s chief executive Pavel Maslovskiy said that discussions between the firms were at an early stage but the deal could “definitely happen”. If [...]
Asian stocks hit three-month high as US-China deal stays intact June 1, 2020 Asian stocks have risen to a three-month high despite US-China tensions, after President Donald Trump stopped short of economic retaliation against Beijing over Hong Kong on Friday. Markets in Asia were also unfazed by the fiery protests raging in the US after the death of black man George Floyd at the hands of police. Some [...]
Hinkley Point C construction continues apace with completion of reactor base June 1, 2020 Construction at Hinkley Point C nuclear power station in Somerset remains on track despite the coronavirus crisis, with contractors today meeting a key milestone in the building of the new plant. With work continuing under special coronavirus measures, workers at the plant have completed the 49,000 tonne base for the second nuclear reactor, meeting a [...]
FTSE 100 tumbles as US-China tensions rise over Hong Kong May 29, 2020 The FTSE 100 tumbled in afternoon trading to close 2.5 per cent lower lower as a spike in tensions between the US and China shook investors. London’s main stock index closed at 6,061 points. It nonetheless finished higher for the week, with many analysts saying investors were profit-taking today. US stocks also fell, although their [...]
Cruise firm Carnival set for the drop in FTSE 100 reshuffle May 29, 2020 Cruise operator Carnival is set to drop out of the FTSE 100 stock index next week when Britain’s league of the biggest companies is reshuffled, having been battered by the coronavirus crisis. Analysts tip airline Easyjet to also drop out in the FTSE reshuffle. British Gas-owner Centrica is also likely to be replaced as one [...]
Dividend bear markets: the grizzly facts May 29, 2020 | City Talk With companies around the world drastically cutting dividends, we’ve looked at 149 years of data to see what’s happened previously at such times and what investors might expect next. Dividends are expected to be slashed by 25% to 50% across the globe this year compared with 2019. This will be an unwelcome (if not entirely [...]
Listed legal business DWF ousts chief executive amid covid-19 crisis May 29, 2020 Listed legal business DWF today announced it was ousting its longstanding chief executive in favour of its chair to help steer it through the coronavirus pandemic. Chief executive Andrew Leaitherland is stepping down from DWF “with immediate effect” to be replaced by chair Sir Nigel Knowles who was previously chief executive of legal giant DLA [...]