Warner Music Group resumes $1.8bn IPO after coroanvirus May 26, 2020 Ed Sheeran’s record label Warner Music Group (WMG) is seeking to raise $1.8bn (£1.5bn) as it restarts its initial public offering (IPO) process after it was interrupted by the coronavirus pandemic. In a statement, WMG today said it would seek to sell 70m shares – 14 per cent of the company – at a targeted [...]
FTSE 100 rises as retail sector prepares to reopen May 26, 2020 The UK’s FTSE 100 closed higher after investors welcomed Boris Johnson’s plans for the phased reopening of the retail sector. London’s blue-chip index closed 1.28 per cent at 6,069 points, as the retail sector prepared to re-open in mid-June. In the Downing Street briefing last night, the Prime Minister said there will be a formal [...]
Traders return to NYSE floor after two months May 26, 2020 Traders returned to the New York Stock Exchange (NYSE) for the first time in two months after closing due to the pandemic. New York Governor Andrew Cuomo rang the opening bell to restart in-person trading, but it was not a complete return to normal. Due to safety concerns, only a quarter of brokers will return [...]
US stocks jump as investors welcome easing of coronavirus restrictions May 26, 2020 US stocks extended gains seen across Asia and Europe as the global easing of lockdowns boosted optimism among investors. The Dow Jones index was up 2.47 per cent higher. The S&P 500 rose 1.93 per cent to bring 3,000 while the Nasdaq edged up 1.39 per cent. European stocks opened higher this morning, as investors [...]
Inflation post Covid-19: to be or not to be? May 26, 2020 | City Talk We spoke to two experts who argued the case for and against inflation in the near future and what it means for investments. Abdallah Guezour, Head of Emerging Market Debt and Commodities, and Keith Wade, Chief Economist, discuss the outlook for inflation in the midst of the Covid-19 crisis. Abdallah argues the case for inflation [...]
Airline stocks rise on lockdown hopes and Lufthansa bailout May 26, 2020 Airline stocks were among the best performers on the FTSE 100 this morning as investors were cheered by further easing of lockdown measures and Lufthansa’s rescue deal. On Monday Germany agreed a €9bn lifeline for Lufthansa, agreeing a bailout plan which gives the government a veto in the event of a hostile bid. The German [...]
Aston Martin shares surge on chief executive sacking May 26, 2020 Shares in luxury sports car manufacturer Aston Martin Lagonda surged today after it confirmed it had parted company with its chief executive following a plunge in its share price. Media reports over the weekend said Aston Martin chief executive Andy Palmer was being ousted in favour of senior Mercedes executive Tobias Moers. Aston Martin confirmed [...]
Oil prices on supply cut hopes and Covid-19 demand recovery May 26, 2020 Oil prices pushed higher this morning amid growing confidence about crude supply cuts and signs of a recovery in demand as global Covid-19 lockdowns are eased. West Texas Intermediate crude futures rose 3.4 per cent to $34.37 a barrel this morning, just shy of an intra-day high of $34.54. Brent crude futures were also up [...]
Good trading is about decision making May 26, 2020 | Sponsored Trading strategies aren’t really ‘picked’. They manifest and evolve based on skill level, risk tolerance, and market exposure; balancing technical expertise against fundamentals and often, a hunch, or gut feeling. Whether seeking a passive income, wealth preservation, or capital appreciation, your approach will be as unique as your style, budget, and needs. When picking a [...]
Balance sheet erosion and impact on share prices May 26, 2020 | Sponsored As the virus has grown, so balance sheets have shrunk. In this global health crisis, it is not just people who are ill. Against conditions already uncertain with a trade war and Brexit, this crisis has shaken the bones of the stock market, exposing fragile finances at more than a few firms. Some zombies, unable [...]