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 [...]
Asian stocks dip on worries over US Hong Kong security law backlash May 29, 2020 Asian stocks dipped today as investors nervously waited for US President Donald Trump’s reaction to China’s tightening hold over Hong Kong. China’s parliament yesterday pressed on with national security legislation for Hong Kong, raising fears over its freedoms and its future as a financial centre. Trump, who has promised a tough response, said he will [...]
Largest solar park in the UK given planning approval May 28, 2020 Business secretary Alok Sharma has today given the go-ahead to Britain’s largest solar energy park on the north Kent coast. The Cleve Hill park, which is being built by a joint venture of specialist solar firms Hive Energy and Wirsol Energy, will consist of 800,000 panels built on 890 hectares of land in Graveney. The [...]
Oil prices push higher despite unexpected surge in crude stocks May 28, 2020 Oil prices pushed upwards today despite a larger than expected build in US crude stockpiles, holding on to the gains of the last few weeks. Global standard Brent crude rose 1.5 per cent to $35.29, whilst US benchmark West Texas Intermediate picked up 1.9 per cent to reach $33.43. The rise came despite US crude [...]
Hanna Halaburda talks to BEQUANT May 28, 2020 | City Talk Hanna Halaburda is the Associate Professor at NYU Stern School of Business and formerly part of the Bank of Canada. Hanna specialises in the the economics of digital currencies, blockchain, and the impact of technology on an organisations business strategy. Hanna gave an exclusive interview to BEQUANT Talks to discuss her thoughts on the post [...]
FTSE 100 and US stocks rise as investors bet on recovery May 28, 2020 US stocks have joined the FTSE 100 in the green as investors continue to bet on a relatively swift economic recovery from coronavirus, with spirits high as countries reopen their economies. London’s main stock index was up one per cent in afternoon trading at 6,205 points. It had risen more than one per cent yesterday. [...]