Pound falls as UK threatens to walk away from Brexit trade talks February 27, 2020 The pound is down against the euro after Downing Street threatened to walk away from Brexit trade talks in June if it appears an agreement is unlikely. The pound fell 0.79 per cent against the euro to €1.175 and down to $1.288 against the dollar, as Britain reiterated its no-deal Brexit threat. Boris Johnson published [...]
Shares in crisis-hit NMC Health suspended February 27, 2020 Trading in NMC Health shares has been suspended this morning after the embattled hospital operator fired its chief executive and revealed $335m (£259m) of secret guarantees benefitting companies owned by two of its major shareholders. In addition to sacking boss Prasanth Manghat, leaving it with no executive board members, the company has also granted its [...]
FTSE 100 steadies after two days of steep losses February 26, 2020 The FTSE 100 steadied after dropping to a 13-month low earlier in the day after two days of heavy losses prompted by growing fears over a coronavirus pandemic. London’s blue-chip stock index fell 1.6 per cent to below 7,000 points to 6,903, its lowest point since February 2019, before recovering 0.1 per cent. The FTSE [...]
US stocks rally as investors try to price coronavirus damage February 26, 2020 US stock markets rallied soon after the bell and European equities recovered from sharp early falls as investors weighed up the effect coronavirus on the global economy. The Nasdaq index, which is dominated by global tech companies, jumped 1.8 per cent soon after Wall Street opened. The S&P 500 followed suit with a 1.5 per [...]
Weir to exit oil and gas after £379m loss February 26, 2020 Weir Group is to exit its oil and gas business after posting a £379m loss for 2019 today. While Weir enjoyed a strong performance in its mining business, the company warned the US oil and gas market’s poor 2019 performance forced it to slash costs in the range of £35m a year. “North American oil [...]
Rio Tinto returns record dividend as firm warns of coronavirus impact February 26, 2020 Rio Tinto today returned a record final divided of $3.7bn as the Anglo-Australian mining giant thanked the strength of its “world-class portfolio and balance sheet” for helping it through the “current volatile environment”. However, the FTSE 100 firm warned that it was “closely monitoring the impact of the Covid-19 coronavirus and [is]prepared for some short-term [...]
Can an overseas role help your career prospects? February 26, 2020 | City Talk Even a short posting abroad can have significant, long-term career benefits. It’s never been easier for people all over the world to communicate; international teams can be connected by email, intranet, phone and even video calls. However, there is still no real replacement for face-to-face interaction. Companies post staff overseas for a number of reasons; [...]
London Stock Exchange’s $27bn Refinitiv deal under scrutiny in Brussels February 26, 2020 The London Stock Exchange Group’s $27bn purchase of Refinitiv has reportedly already come under intense scrutiny in Brussels, raising the prospect that EU regulators will initiate a much longer investigation into the deal than had been expected. The two companies are yet to formally notify competition regulators of the deal, which would trigger the review [...]
FTSE 100 falls further after ‘bloodbath’ as coronavirus weighs on stocks February 25, 2020 The FTSE 100 fell below 7,100 points for the first time since October last year as fears of a coronavirus pandemic continued to weigh down stocks a day after global markets plunged. After starting the day with a marginal rise, the FTSE 100 finished the day nearly two per cent lower at 7,017 points. Germany’s [...]
US stocks in the red as coronavirus fears continue February 25, 2020 US stocks have fallen into the red as risk-off sentiment continues a day after equities plunged following a jump in the number of coronavirus cases outside China. The S&P 500, which had opened higher along with other major US indices, was down 1.4 per cent two hours after the bell. The Nasdaq was 1.5 per [...]