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 [...]
Trading the covid commodities contango May 26, 2020 | Sponsored In the last 12 years, the oil market has thrice collapsed and twice recovered. But this latest downturn, driven by a covid-tainted drop in demand and a Russo-Saudi price war, has analysts scratching their heads. Can the market rebound from this? The price of US oil turned negative for the first time in history last [...]
Asian stocks rise on global lockdown easing optimism May 26, 2020 Asian stocks jumped today on optimism over the loosening of lockdowns around the world and hopes the global economy can get back on track. Japan’s Nikkei 225 rose 2.8 per cent to 21,322, MSCI’s broadest index of Asia-Pacific shares outside Japan added1.4 per cent and South Korea rose 1.1 per cent. There were also hopes [...]
Coronavirus: New York Stock Exchange trading floors reopen May 26, 2020 The New York Stock Exchange (NYSE) will today reopen its trading floors following a two-month closure caused by the coronavirus outbreak. In March the bourse announced it would close its trading floor and move to electronic trading for the first time in its history after one employee and a trader tested positive for Covid-19. In [...]
Markets live: FTSE 100 and US stocks slip on rising Hong Kong tensions May 22, 2020 The FTSE 100 closed in the red and US stocks fell as investors weighed up rising US-China tensions in the wake of Beijing’s move to assert its authority in Hong Kong. The UK’s blue-chip index fell around two per cent this morning but pared some of its losses throughout the day. It finished 0.3 per [...]
BP slashes management team in half amid green energy push May 22, 2020 BP is cutting the size of its top management team by more than half as part of new boss Bernard Looney’s plan to make the oil giant a net zero emissions company. The FTSE 100 giant will cut its leadership positions to roughly 120 from 250 with many veteran executives set to leave in the [...]