Fund supermarket best-buy lists — Are they bogus or a bargain? February 25, 2020 It should go without saying that choosing the right investment can be challenging. For time-strapped everyday investors, combing through the financial records of individual companies to find a share worth buying can seem like a monumental task. Instead, many people prefer to put their money into investment funds run by professional asset managers who do [...]
US stock markets plummet amid coronavirus sell-off February 24, 2020 US stock markets have plunged as investors scramble to sell-off global equities amid new fears over the coronavirus, which has spread rapidly in Italy, South Korea and Iran. The Dow Jones index plummeted 2.9 per cent after the bell, shedding 830 points. The tech-heavy Nasdaq tumbled 3.4 per cent, while the S&P 500 dropped 2.8 [...]
Ailing NMC Health shares have further to fall, says analyst February 24, 2020 An analyst who was one of the first to predict a slump in NMC Health’s share price has slashed the embattled hospital operator’s target price, saying the stock could fall a lot further. Jefferies’ James Vane-Tempest cut his target price for the NMC Health from 1,300p to 500p, 42 per cent below Friday’s closing price. [...]
FTSE 100 plunges 3.4 per cent as Italy confirms seventh coronavirus death February 24, 2020 The FTSE 100 plunged more than three per cent on Monday as a rapid uptick in coronavirus cases outside China rattled investors and devastated European stocks. London’s blue-chip index fell as much as 3.7 per cent to 7,119 points today, as Italy confirmed a seventh person has died from the coronavirus. The FTSE 250 index [...]
Veganism trend impacts global trade February 24, 2020 | City Talk As more and more people go vegan for the environment, trade routes for food and drink are expanding Statistics show that the number of vegans and vegetarians is steadily growing. In the UK, it is estimated that one in eight people has ditched meat from their diet, with many more choosing only to eat meat [...]
UK airline stocks plunge as Italy reports fourth coronavirus death February 24, 2020 UK airline stocks plummeted in early trading today as the FTSE 100 plunged two per cent after Italy reported a dramatic rise in its number of coronavirus cases. Easyjet’s share price sank 11.6 per cent while British Airways owner IAG suffered an eight per cent drop in its market cap. Tour operator Tui also shed [...]
IG’s June Felix: Shorter trading hours would make London ‘less competitive’ February 23, 2020 The head of one of Britain’s largest trading platforms has become one of the most senior industry figures to speak out against proposals to cut trading hours in London, saying it would not be “helpful” for the City and could make it “less competitive globally”. June Felix, whose company IG Group offers 24-hour trading to [...]
Coronavirus and climate change impact Asian currencies February 21, 2020 | City Talk SGD: Comments from the Monetary Authority of Singapore (MAS) which suggested that the Singapore dollar may depreciate has put pressure on the currency. The news came alongside confirmation that the coronavirus had reached Singapore, a factor which MAS believes will have an impact on growth, stalling the recovery after a challenging 2019 which saw the [...]
PMI data picks up the pound February 21, 2020 | City Talk Manufacturing output grew at its fastest pace for 10 months, giving sterling a boost against other major currencies this morning. Recovering losses against EUR & USD, the latest flash Purchasing Manufacturing Index (PMI) data today announced that UK output rose 51.9, up from 50.0 in January. The question for many investors is whether the post-election [...]
Escalating coronavirus cases drag down European stocks February 21, 2020 The FTSE 100 fell today as European stocks slipped into the red on news that coronavirus cases outside of mainland China are escalating. London’s blue-chip index dropped 0.63 per cent in early trading to leave the FTSE 100 at 7,390 points. European stocks also retreated into the red. Germany’s Dax dipped 0.2 per cent while [...]