Iron ore prices hit five-year high after Vale warns of second dam burst May 17, 2019 Iron ore prices have hit a five year high today after the world’s biggest producer, Vale, revealed trouble at one of its sites. Late yesterday Vale said a mining waste dam was on the brink of collapse, just months after one of its dams collapsed, killing hundreds. Read more: Another Vale dam could collapse next [...]
Sterling takes a pounding as Brexit talks break down May 17, 2019 Sterling hit a four-month low today as talks broke down between Labour and the Tories over the future of Brexit. The pound reached as low as $1.276 against the dollar, while losing 0.3 per cent against the euro at 87.55p. Read more: Brexit talks collapse: Business reacts The Labour Party today confirmed that its talks [...]
Another Vale dam could collapse next week, miner warns May 17, 2019 Another dam operated by Brazilian miner Vale is at risk just miles from where 300 people are thought to have been killed when its Brumadinho dam collapsed in January. A dam at the Gongo Soco mine in the State of Minas Gerais could burst within days, causing Vale to alert authorities in the region. Read [...]
Bitcoin tumbles by more than 10 per cent to below $7,300 in under 24 hours May 17, 2019 Bitcoin prices have plummeted over the past six hours dropping to below $7,300 (£5,710) just days after reaching a 10-month high of more than $8,000. The price of bitcoin fell to a low of $7,140.77 at 6:30am BST, although it has since recovered slightly to $7,284.72 as of 8:30am. Read more: Bitcoin ralllies – where [...]
Sterling hits three-month low with investors nervous about Theresa May’s successor May 16, 2019 Sterling fell to a three-month low against the dollar today as political turmoil intensified and investors worried about who will be Prime Minister Theresa May’s successor. Read more: Theresa May to set out departure date in June The pound fell for the fifth consecutive day to $1.279, a drop of 0.4 per cent, as the Brexit [...]
Block Energy raises £12m to fund better than expected new well May 16, 2019 Block Energy today completed a £12m fundraise this morning after the company found it needed more money to explore a well which proved much more fruitful than first thought. The Aim-listed oil explorer said it had placed around 109m new shares at 11p each, a discount of nearly 16 per cent on yesterday’s closing price. Read [...]
Euronext shareholders unanimously approve Oslo Bors takeover May 16, 2019 The shareholders of pan-European exchange Euronext unanimously voted in favour of its acquisition of Norway’s Oslo Bors exchange at the group’s annual general meeting in Amsterdam today. Read more: Norway all but hands victory to Euronext in Oslo Bors battle Euronext said in a statement: “Shareholders’ approval was the last major condition to complete the [...]
Premier Oil raises guidance on rising oil price and strong production May 16, 2019 Premier Oil rallied today as it upgraded its production guidance and paid down debt, causing one analyst to call its shares “massively mispriced.” Production so far this year has reached just over 85,000 barrels of oil equivalent per day, a 14 per cent rise year-on-year, and considerably higher than 2019 guidance at 75,000. Read more: [...]
Investors in forex trading firm Hudspiths could lose millions as company faces CVA May 15, 2019 Investors in a forex trading scheme that promised stellar returns could lose millions of pounds as the company teeters on the brink. Swindon-based Hudspiths fought off a winding up petition in the High Court today brought by 31 creditors who said they are owed £5m. The case has been adjourned until 12 June to allow Hudspiths [...]
Euronext profit falls in first quarter as acquisitions make a dent May 15, 2019 Profit fell at European exchange Euronext in the first quarter of 2018, as the consolidation of its purchases of Ireland’s stock exchange and software company Commcise proved costly. Read more: Norway all but hands victory to Euronext in Oslo Bors battle Euronext, which received the green light to buy Norway’s Oslo Bors exchange on Monday, [...]