Fifty years on from the first moon landing, it’s time to get ready for space tourism July 9, 2019 Next time someone asks if you are going anywhere nice on holiday, perhaps soon you can say Mars or Venus rather than Mallorca or Ibiza. It has been 50 years since Neil Armstrong and Buzz Aldrin touched Apollo 11 down on the moon, and now famous billionaires are backing different projects to make space a [...]
Acacia production bounces after shareholder opposes Barrick takeover July 8, 2019 Acacia Mining saw a bounce in production last quarter, the company said this morning, as a takeover battle for the gold firm heated up. Acacia, which mines in Tanzania, said that production shot up by 51 per cent compared to the three months prior. Read more: Shareholder Barrick ‘undermined’ our efforts to negotiate $190bn tax [...]
How the US shale revolution changed the face of geopolitics July 8, 2019 In theory, we all know that major technical revolutions change and fundamentally disrupt the face of the world we live in. In practice, analysts of all stripes are too often glacially slow to realise this process when it is at work, let alone what it means. These events (such as the advent of the mass-produced [...]
London equity capital markets remain resilient despite uncertainties July 8, 2019 London remained a bright spot for equity capital markets as investors shrugged off economic and political uncertainties in the first half of this year. Total funds raised in the UK in the first half of this year reached £19.2bn, up from 22 per cent in the second half of 2018. Read more: Private equity investment [...]
Greensill denies reports of false statement over bonds sold by steel tycoon Gupta July 7, 2019 Financing group Greensill Capital has denied reports that it issued a false statement to the market relating to bonds it sold on behalf of steel tycoon Sanjeev Gupta. According to a Reuters report, Greensill last year issued a statement to bond market investors and brokers stating it had received Scottish government approval relating to a [...]
US stock markets open down on interest rate worries July 5, 2019 US stock markets opened in the red after stronger-than-expected jobs figures cast doubt on expectations of an interest rate rise this month. Read more: Fed rate cuts in question as US job gains defy expectations Non-farm payroll data showed the US economy added 224,000 jobs in June. Economists had expected 160,000 new jobs. Before the [...]
Aquis eyes listings as it buys loss-making Nex Exchange from CME July 5, 2019 Aquis Exchange, the London-based trading services group, has struck a deal to buy alternative listing market Nex Exchange for £2.7m. Read more: Ex-Numis boss’s bid to takeover Nex Exchange falls through Aquis will buy the loss-making Nex Exchange, which is also based in London, from the US futures exchange CME Group. It will officially purchase [...]
Congo starts evicting up to 2,000 illegal miners from Glencore site where dozens died July 4, 2019 The Congolese army has started evicting miners from a Glencore site after a landslide which killed dozens. Illegal miners were being dispersed from the area around the copper and cobalt mine run by a Glencore subsidiary today. Read more: Glencore head of oil Alex Beard retires amid US investigations The company London-listed miner confirmed that [...]
Energean strikes black gold in $750m EDF deal July 4, 2019 Energean Oil and Gas took a step towards the big league today with a $750m (£596m) acquisition of EDF’s oil exploration wing. The company will take over Edison E&P in a deal which it claims makes it one of the biggest independent energy explorers in London. Read more: Shares in Energean soar as Israeli energy [...]
FTSE 100 hits 11-month high on interest rate cut hopes July 3, 2019 The UK’s FTSE 100 stock index has hit an 11-month high today, boosted by the growing chances of interest rate cuts, a falling pound, and hopes of a resolution to the US-China trade war. Read more: Dollar falls as Fed holds interest rates but strikes dovish tone Meanwhile the pound has fallen to its lowest [...]