Kaz Minerals posts profit and revenue boost in 2019 February 20, 2020 Kaz Minerals boosted both its profit and its revenue in 2019 as higher production rates and sales volumes offset a decline in copper prices. Shares in the mining company rose almost a per cent today. The figures Operating profit increased eight per cent in 2019, up to $923m (£717.2m) from $851m the year before. Revenue [...]
New £20 note enters circulation: Everything you need to know February 20, 2020 The Bank of England’s new polymer £20 note enters circulation for the first time today. The note, which was first unveiled in October, features British painter JMW Turner, will start appearing at ATMs and tills throughout the country today. The BoE said it expects half of ATMS across Britain to be dispensing polymer £20 notes [...]
How will the pound perform in 2020? February 19, 2020 | City Talk Brexit cast a long shadow over the pound in 2019, but what will 2020 have in store for sterling? Caution from the Bank of England and faltering economic results were all seen through the lens of Brexit. Now while the focus may move slightly from the challenges of uncertainty due to a political impasse, the [...]
FTSE 100 climbs back after Apple’s coronavirus blow February 19, 2020 The FTSE 100 staged a recovery from yesterday’s two-week low today as traders welcomed a smaller increase in the number of new coronavirus cases. The number of Covid-19 cases rose to 75,000 today but China reported a second consecutive low number of new infections at 1,749. The death toll also climbed to 2,004 but the [...]
Follow the yellow brick road: the investment case for gold February 19, 2020 Investing can often feel like a rollercoaster, with the value of stock investments rising and falling sharply based on breaking news and geopolitical events. Certainly, the last few months may have felt bumpy. From the build-up to the UK General Election in December, to the tit-for-tat missile volleys between the US and Iran, to the outbreak [...]
Higher iron ore prices boost BHP, but profit still misses expectations February 18, 2020 BHP has reported stronger half-year profit on the back of robust iron ore prices but warned of the threat of the coronavirus outbreak for 2020. The mining giant’s underlying profit jumped 39 per cent to $5.2bn (£3.9bn) for the six months to the end of December, its best profit figure in five years. However, profit [...]
Apple supply chain sinks into red on coronavirus fears February 18, 2020 Shares in Apple slipped more than two per cent in afternoon trading while its suppliers around the globe were dragged into the red after the tech giant warned the coronavirus outbreak would impact its quarterly targets. The iPhone maker last night told investors that it would not meet its revenue forecast of between $63bn (£48bn) [...]
Winter Economic Update Webinar with Vicky Pryce February 18, 2020 | City Talk Register for the webinar to join moneycorp for their Winter Economic Update on Tuesday 25th February at 1pm GMT. The global economy has endured a turbulent start to 2020, affecting the currency markets and minds of investors around the world at the same time. With January already seeing the UK leave the EU, escalating tension [...]
Glencore braced for coronavirus impact as earnings fall February 18, 2020 Glencore saw earnings drop 26 per cent to $11.6bn (£9bn) last year as the commodities giant warned that it was “closely watching” the coronavirus outbreak’s impact on global markets. Shares in the blue-chip stock fell 0.8 per cent as markets opened. The figures Although earnings declined to $11.6bn from $15.8bn in 2018, Glencore still beat [...]
UK and EU need to rebuild trust to reach agreement on equivalence, report warns February 18, 2020 The UK and EU must rebuild trust “at a political level” before they can reach an agreement on the City’s future regulatory relationship with the bloc, according to a new report. Britain is seeking “comprehensive” or “permanent” equivalence with the bloc to ensure the City maintains permanent access to EU markets, but the EU has [...]