Norwegian fund KLP bans investments in alcohol and gambling May 28, 2019 Norway’s largest pension fund has pledged to ban investments in alcohol and gambling stocks today as it ramps up efforts to divest from 'vice' stocks. KLP, which controls roughly $80bn (£63bn) in assets under management, is severing its ties with casino groups, brewers and cigarette companies in its latest sustainability drive. Read more: M&G Investments [...]
Britain smashes coal-free power record with 10-day run May 27, 2019 Britain smashed its record for coal-free power generation over the weekend, punching through ten days without burning the fuel for the first time since 1882 this afternoon. Coal-fired power stations have laid dormant since the afternoon of 17 May, as wind, solar, nuclear and gas generation prop up the grid. Read more: Britain goes a [...]
Bitcoin hits 10-month high of nearly $9,000 after strong start to 2019 May 27, 2019 Bitcoin edged close to the $9,000 mark today as it extended a strong run since the beginning of the year. The cryptocurrency rose more than ten per cent over the past day to $8,775, figures from Coin Market Cap show. Read more: Bitcoin bounces as the pound plunges: what’s next for global markets? It underlines [...]
Economists warn Theresa May’s departure makes no-deal Brexit more likely May 24, 2019 The departure of Prime Minister Theresa May ramps up the chances of Britain crashing out of the European Union without a deal, economists have warned following the PM’s speech confirming her resignation. Read more: Theresa May to resign as Conservative party leader on 7 June May announced that she would resign from the post on [...]
Facebook ‘finalising its own Globalcoin cryptocurrency’, which could launch in March next year May 24, 2019 Facebook is in the final stages of planning the launch of its own cryptocurrency in 2020 which has been dubbed Globalcoin, according to reports. The social media giant, which has thus far steered clear from world of crypto trading, could set up a digital payments system in around a dozen countries as soon as March next [...]
Two common errors that investors make…and how to overcome them May 24, 2019 | City Talk The past six months have highlighted two common errors that investors frequently make. The first relates to a misunderstanding about the way investments compound over time and the second is the way that emotions can cloud our judgement. Both can be remedied relatively easily. The impact of compounding In relation to the first, the US [...]
Global markets sink into the red as technology front opens up in US-China trade war May 23, 2019 Global stock markets fell into the red today as investors’ fears over the US-China trade war intensified. Read more: FTSE 100 falls sharply amid trade war and Brexit turmoil Stocks were spooked by the prospect of the two countries’ technology sectors being dragged deep into the fray, as well as by fighting talk from the [...]
Brent crude oil prices plummet nearly five per cent after US inventories surge May 23, 2019 Brent crude prices dropped below $68 per barrel for the first time in almost two months today, putting pressure on FTSE-listed explorers, after US inventories surged to their highest point in nearly two years. The international standard lost more than $3 over the day, a 4.75 per cent drop, trading at $67.77 in the mid afternoon. [...]
FTSE 100 falls sharply amid Brexit turmoil and US-China trade war May 23, 2019 The UK’s benchmark FTSE 100 stock index tumbled this morning as investors faced a perfect storm of political turmoil in Westminster and British companies being dragged in to the US-China trade war. Read more: Sterling falls as Theresa May clings to power despite cabinet mutiny The blue-chip FTSE 100 had fallen 1.5 per cent by 11.30am, taking it to [...]
Oil driller Enquest shares fall despite hitting upper end of guidance May 23, 2019 Shares took a beating at North Sea driller Enquest this morning despite the company hitting the upper end of its production guidance. Output rose 25 per cent in the first four months of the year, to 69,973 barrels of oil equivalent per day, just below the upper ceiling of its 63,000 to 70,000 barrel 2019 [...]