Virgin Galactic shares blast off as Sir Richard Branson’s firm makes New York Stock Exchange debut October 28, 2019 Sir Richard Branson’s space tourism venture, Virgin Galactic, has taken off on the New York Stock Exchange this afternoon, with shares soaring more than eight per cent in early trading. The company completed a merger with a US investment vehicle late on Friday, making it the first commercial space venture to go public. Branson, who [...]
SolGold set to soar as flagship copper mine strikes gold October 28, 2019 SolGold have raised their outlook for their flagship copper mine after metallurgical testing showed a potential extra $8.7bn (£6.8bn) in revenues over its life. The Primary Economic Assessment initially indicated total revenues of $74bn over the life of the mine. The Australian company’s Alpala project, which has been labelled as a future tier one copper [...]
European gas companies resilient amid lowest prices in a decade October 28, 2019 European gas producers are well placed to withstand the downturn in prices for at least a year, according to a new report from Standard & Poor Global Ratings (S&P). The analysis comes as a welcome boost to the industry, which saw prices fall to their lowest in a decade in early September. Read more: Equinor [...]
EDF will take on bust supplier Toto Energy’s customers, Ofgem confirms October 28, 2019 EDF Energy will take on failed supplier Toto Energy’s 134,000 customers, Ofgem has announced. For those of Toto’s customers who were acquired in August when Solarplicity ceased to trade, it is the second such change in a number of months. Read more: Toto Energy collapses with 134,000 customers affected However, customers should expect to see [...]
Cairn Energy share price drops as it ditches Mexico oil well October 28, 2019 Shares in Cairn Energy slumped more than 10 per cent this morning after the oil company revealed that it was abandoning a well in Mexico. The FTSE 250 company is on track for its worst day since the financial crisis. At one point, shares fell to a low of £1.57, down nearly 18 per cent [...]
The six biggest bull runs since 1962 (and their corrections) October 28, 2019 | City Talk The current bull market in US stocks started in March 2009 at the height of the global financial crisis and is the longest in recent history, beating the rally between July 1962 and May 1970 by over four years. At the time of writing, the bull market is still going. US stocks are up more [...]
HSBC weighs down FTSE 100 as election vote looms October 28, 2019 Britain’s FTSE 100 index has opened down this morning ahead of a crucial vote in the Commons on the government’s motion to hold a general election on 12 December. The blue-chip index dropped 0.39 per cent in early trading. Opposition parties have indicated they won’t support the government in the vote, which is scheduled for [...]
Ferrexpo CEO Kostyantin Zhevago temporarily steps down October 28, 2019 The billionaire boss of Ferrexpo has temporarily stepped down as chief executive. The FTSE 250-listed miner said Kostyantin Zhevago would step aside to “focus on resolving certain matters in Ukraine relating to one of the businesses he owned until 2015”. Read more: Ukraine to put Ferrexpo boss on international wanted list Ukraine is considering adding [...]
Virgin Galactic brings space tourism to public markets as New York float beckons October 27, 2019 Investors will get their first chance to buy into a space tourism firm tomorrow, when shares in Sir Richard Branson’s Virgin Galactic start trading in New York. The company tied the knot on a merger with a US investment vehicle late on Friday, meaning it will go public when markets open tomorrow, in what its [...]
Oil prices post 5 per cent gains for the week as US-China trade talks progress October 26, 2019 Oil prices ended Friday up and registered the strongest weekly gains in more than a month. Brent crude rose by 0.6 per cent to finish on $62.02 per barrel with a weekly gain of 4.0 per cent. Read more: Is oil’s relationship with energy stocks slipping? WTI crude futures finished the day 0.8 per cent [...]