Commercial real estate might be reliably disinteresting now, but don’t get too cosy October 9, 2018 At a time of political and market turbulence in the UK, there is one area where we’ve seen relative stability. Commercial real estate data in recent months has been fairly constant, with no significant changes to the outlook. The returns for commercial real estate have remained disappointing relative to recent years, yet there has been [...]
Sustainable investing is about making bigger profits, say the majority of investors October 9, 2018 | City Talk The majority of investors believe the main reason to invest sustainably is to make bigger profits, a major global study has found. The findings suggest investors increasingly believe that backing sustainable investments, those companies that are most focused on managing environmental, social and governance issues, will deliver better results rather than just be a choice [...]
Oil bankers form advisory firm as price surge fuels deals October 8, 2018 A former adviser to BP has launched a new advisory firm as the oil industry becomes “comfortable with itself” again and companies prepare to make “brave decisions”. Martin Lovegrove, a former adviser to BP and Chevron Corporation, has teamed up with Niels Kirk, a former oil and gas banker at Citi to form an advisory [...]
Acacia raises gold production target after strong quarter across Tanzanian mines October 8, 2018 Acacia mining has increased its full-year gold production target after a strong quarter in Tanzania. The gold miner raised its full-year target to just over 500,000 ounces from its original 435,000-475,000 ounces guidance after reporting “strong” production in its three mines in Tanzania. Production at its North Mara mine was up 24 per cent on [...]
Five charts that explain the case for emerging markets October 8, 2018 | City Talk Investors generally understand the importance of emerging markets in terms of their economic impact but, perhaps due to lack of knowledge, often struggle to know how best to reflect this in their portfolios. Those investors have ignored what are some of the world's best-performing financial markets since the turn of the millennium. What is more, [...]
Elastic, the open-source tech startup behind Uber and Tinder, scores $252m IPO October 6, 2018 Shares in Dutch open-source search startup Elastic skyrocketed as much as 106 per cent in its first day of official trading on the New York Stock Exchange yesterday, bucking the trend for tech stocks on Wall Street. The search and data analytics software firm, whose main product Elasticsearch powers technology behind big names such as Uber [...]
FTSE roundup: This week’s winners and losers October 5, 2018 The FTSE 100 ended the week nearly 86 points down today, with the index losing 1.16 per cent of its value. Unilever's shares are also down 0.4 per cent at 4,061p share following its reversal on its former plans to move headquarters exclusively to Rotterdam. Read more: Unilever scraps proposals to leave London headquarters Intu [...]
Power powder Huel gets £20m fuel boost to keep up growth October 4, 2018 Huel, the ‘nutritionally complete’ food that aims to replace a regular diet with an all-in-one powdered meal, has raised £20m in investment to continue its rapid growth. In UK-based Huel’s first external investment since its launch in 2015, tech investor Highland Europe gave the money to power the powder’s international advance. Read more: No-deal Brexit [...]
Oil producers must ‘take steps’ to cool surging prices, IEA boss warns October 4, 2018 The world's major oil producers must “take the right steps” to cool the market amid a continued surge in crude prices, the International Energy Agency boss has warned. The IEA's executive director, Fatih Birol, said: “It is now high time for all the players, especially those key producers and oil exporters, to consider the situation [...]
Aston Martin and Funding Circle shares continue to fall after IPOs October 4, 2018 Shares in Aston Martin and Funding Circle continued to slump today following disappointing debuts on the London Stock Exchange yesterday. Luxury car maker Aston Martin saw shares slip 1.89 per cent to £17.75 this afternoon, before rallying to £18 as the market closed. Read more: Aston Martin stutters on stock market debut as shares slip Yesterday prices dropped [...]