FTSE 100 slips as investors weigh up US-China tensions June 4, 2020 The FTSE 100 is down after a strong rally as investors take stock of high levels of economic uncertainty and rising US-China tensions. The UK’s blue-chip stock index was down 0.41 per cent at 6,355 points in afternoon trading. It marked a change from the first three days of the week, when it rose to [...]
FTSE 100 quarterly review highlights the economy’s winners and losers June 4, 2020 | City Talk Home-repairs company Homeserve, cybersecurity firm Avast, DIY group Kingfisher and gambling giant GVC were the four companies announced yesterday as being promoted to the FTSE 100 – the index of the 100 biggest UK companies.Cruise giant Carnival, airline easyJet, aerospace components firm Meggitt and British Gas-owner Centrica are all making way. The FTSE reshuffles its [...]
FTSE 100 reshuffle: Easyjet and British Gas drop out over coronavirus June 4, 2020 Four major UK companies dropped out of the FTSE 100 in last night’s reshuffle, over their exposure to the coronavirus pandemic. Pummelled by a collapse in oil prices and commercial energy demand, British Gas owner Centrica has dropped out of the UK’s top index. Cruise ship operator Carnival, whose Diamond Princess cruiseliner suffered one of [...]
Total acquires 51 per cent stake in Scotland’s largest wind farm June 3, 2020 French oil giant Total has taken a 51 per cent stake in SSE Renewables’ £3bn Seagreen 1 wind farm, which was today greenlit for construction. The 1 gigawatt wind farm, which will be located in the Firth of Forth, will be Scotland’s largest renewable energy project. Once completed, it will provide enough electricity to power [...]
Sizewell C: Nuclear plant under scrutiny over Chinese role June 3, 2020 A quiet corner of the Suffolk coastline is set to become a new frontier in the debate over the UK’s changing relationship with Chinese foreign direct investment. Last week EDF submitted a planning application for Sizewell C, a new 3.2 gigawatt nuclear plant which could provide enough power for 6m homes. The project has been [...]
Clean technologies and climate policy: the global financial crisis and Covid-19 June 3, 2020 | City Talk A lot has changed for clean technologies since the global crisis in 2008. As investors in climate change, this is hugely encouraging. It is striking just how much has changed for clean technologies and climate policy between the financial crisis in 2008 and the one we face today. As climate change investors, this gives us [...]
Oil prices top $40 for first time in three months ahead of Opec meeting June 3, 2020 Global oil prices touched $40 per barrel for the first time since March today amid hopes that producer cartel Opec would extend its record production cuts. Having reached the $40 mark earlier this morning, global standard Brent crude slipped back to $39.27 as midday approached. US benchmark West Texas Intermediate also gained to $36.83, approaching [...]
Covid-19: The golden age of investing comes with a silver lining June 3, 2020 | Sponsored In financial markets, there are no crystal balls, only things we know and things we do not – known knowns, and known unknowns. Both can help us to guide our decisions as investors. When faced with uncertainties or black swan events, investors have typically responded with a rush to precious metals. Gold has historically maintained [...]
FTSE 100: Travel stocks surge as Europe reopens borders June 3, 2020 The FTSE 100 jumped in morning trading with airlines surging as Europe reopened some of its borders after coronavirus lockdowns. London’s index of the 100 biggest UK companies rose 1.5 per cent to 6,310 points, putting it close to a three-month high. The rise was powered by countries across Europe reopening or planning to reopen [...]
Asian stocks hit three-month high as China’s services sector grows June 3, 2020 Asian stock markets rose for the third straight session as investors cheered countries’ moves to reopen their economies and China’s services sector returned to growth. Japan’s Nikkei 225 climbed 1.2 per cent while Hong Kong’s Hang Seng moved 1.2 per cent higher. China’s CSI 300 index rose 0.5 per cent as Asian stock markets approached [...]