Which stock markets look ‘cheap’ after strong performances in the first quarter of 2019? April 26, 2019 | City Talk Those who were brave enough to fight the emotional urge to sell during the carnage in markets which brought 2018 to a close have been richly rewarded in the first few months of 2019. Of the five markets in our regular analysis, even the worst of the bunch (Japan) returned almost 8 per cent so far [...]
Wanted: Your free-market ideas to give everyone a shot at improving their lives April 26, 2019 Life isn’t fair. It never will be. In fact, so much of what we experience day-to-day, year-to-year, is a result of things we can’t control – the country we’re born in, the robustness of our immune system, the bumps on our nose (well, mine anyway) are pre-determined facts of life. Progress means embracing or overcoming [...]
New deals still on the table says chief executive as Anglo Pacific doubles growth year-on-year April 25, 2019 Strong growth at its star project helped mining royalties group Anglo Pacific boost its income by two per cent quarter-on-quarter in the first three months of the year, the firm said today. The Kestrel coal mine in Queensland, Australia, grew incomes 12 per cent from the last quarter of 2018, while sales volumes increased by [...]
Acacia Mining shows disappointing results as ‘double-whammy’ hits production April 25, 2019 Gold miner Acacia disappointed investors today, sending shares down more than seven per cent, as two major mishaps hit production. Gold output dropped 13 per cent year-on-year to 105,000 ounces as part of the ground gave way at its Gokona underground mine in North Mara, Tanzania. Read more: Shareholder reaches deal with Tanzania over Acacia [...]
Extinction Rebellion: Climate change protesters target London Stock Exchange and Canary Wharf station April 25, 2019 Climate change protesters glued themselves to the London Stock Exchange this morning as they target the City of London in their last day of activism after two weeks . A string of seven Extinction Rebellion protesters have blocked the entrance to the exchange, with campaigners dressed in what they described as “Robocop-style” masks with the [...]
Leaving EU behind: The potential winners and losers from a soft Brexit deal April 25, 2019 After three failed votes, Prime Minister Theresa May has another six months to get her Brexit deal through the House of Commons. Despite her securing an extension from the EU, the Brexit deadlock seems as intractable as ever. Still, some form of soft Brexit remains a likely option, so it’s worth exploring the potential impact [...]
What a tin of battered beans can tell us about behavioural finance April 25, 2019 "Most people get interested in stocks when everyone else is. The time to get interested is when no one else is. You can’t buy what is popular, and do well.” Those are the words of one of the greatest investors of our generation, Warren Buffett. The investment guru got me thinking: why is the stock [...]
London Capital & Finance investors rage against the FCA, EY and PwC in stormy meeting April 24, 2019 Angry bondholders of collapsed lender London Capital & Finance railed against the Financial Conduct Authority (FCA) and accountants PWC and EY today at a packed meeting in City Temple church. Furious investors raged against the FCA, blaming it for failing to intervene in the regulated firm sooner. “We’ve been sold down the river!” One investor [...]
Exxonmobil throws £800m to nearly double diesel production at Southampton plant April 24, 2019 US oil giant Exxonmobil has confirmed it will invest more that $1bn (£770m) in a Southampton refinery as it aims to increase the earnings potential of its downstream business. The plan will boost production of ultra-low sulphur diesel by nearly 45 per cent, or 38,000 barrels per day, at the Fawley refinery run by Esso, [...]
Saudi Arabia will not ‘immediately’ ramp up production to offset US sanctions on Iran – energy minister April 24, 2019 Saudi Arabia today said it will not “immediately” increase oil production after toughened US sanctions on Iran threatened to drive down global supply. Energy minister Khalid al-Falih said his country was not guided by global prices, which hit a 2019 record on Tuesday after the US ended exemptions from Iranian sanctions for eight countries which [...]