US tech sell off continues to cause carnage to global markets as Apple shares slide November 20, 2018 A continuing US tech sell off has sparked carnage across global stock markets this afternoon. Apple shares continued to slide falling more than four per cent to six-month lows before recovering slightly and Microsoft shares also fell 2.4 per cent. The Dow Jones lost 500 points on opening before rebounding to sit 1.6 per cent [...]
Oil drops to its lowest point since March as investors fear increased supply November 20, 2018 Oil prices continued to fall, sliding to their lowest point in eight months this afternoon after markets were hit by increased supply from the US and a slowdown in global trade. Brent crude, the international standard, dropped by five per cent to $63.38 a barrel (£49.43) this afternoon, extending on losses made earlier in the day. [...]
London-listed broadband firm Kcom sees shares crash after profit warning November 20, 2018 London-listed telecoms company Kcom lost a third of its value this morning after it said its trading performance for the current financial year was “weaker than originally expected”. Shares plunged 35 per cent from 91.8p last night to 59.5p shortly before noon. Kcom is a Hull-headquartered telecoms and broadband provider which focuses on providing services [...]
Bitcoin value drops for a second day after falling below $5,000 November 20, 2018 The value of bitcoin fell seven per cent today as it continues to slide after hitting a 13-month low yesterday. Monday's 14 per cent plunge saw the world’s largest cryptocurrency drop below $5,000 for the first time in more than a year to its lowest level since October 2017. The currency, which sank to $4,382 [...]
Oil futures slip up amid sell-off, despite markets bracing for production cuts November 20, 2018 The price of oil fell this morning, despite expectations that Opec will reduce its output shortly. International standard Brent crude dropped 0.95 per cent from its last close to $66.16 per barrel. Prices had initially ticked up this morning in anticipation of Opec cuts, but later fell amid a broad sell-off on the market. The [...]
European tech stocks slump in worst fall for seven years on Apple woes November 20, 2018 European technology stocks have been hit by their biggest quarterly drop since 2011, after production worries for Apple caused a global industry wobble. Stocks on the pan-European stoxx 600 tech index fell more than 1.8 per cent in trading this morning, hitting its lowest level since February 2017 and charting a quarterly loss of more than 14 [...]
London Stock Exchange to move bond trading to Italy ahead of Brexit November 19, 2018 The London Stock Exchange (LSE) will move part of its government bond trading to Milan ahead of Brexit. Part of LSE's electronic government bond trading platform, MTS Cash, which trades an average of €13.4bn per day (£11.9bn) will return to Italy in preparation of Britain's exit from the EU. The move, first reported by the Financial [...]
How worried should we be about the slowdown in German manufacturing? November 19, 2018 | City Talk German industrial production contracted by 1.2% in Q3 and is behind the general slowdown being seen in eurozone manufacturing. What is causing the decline and how concerned should investors be? Kaputte Autos Taking a closer look at the breakdown of Germany’s production data reveals that most of the economy’s manufacturing sub-sectors are performing well. The [...]
Bitcoin falls below $5,000 for first time in 13 months as slump continues November 19, 2018 The value of bitcoin has dropped below $5,000 for the first time in 13 months as the bitcoin cash split continues to weighs heavily on cryptocurrencies. The world's largest cryptocurrency by volume has dropped 13 per cent today to lows of $4,827 , while ripple and ethereum also fell to yearly lows of $0.46 and [...]
Broker and online trading platform AJ Bell to launch £500m float in London next month November 19, 2018 Online investment platform and broker AJ Bell today confirmed plans to float in London next month in a listing that could value the company at up to £500m. The float gives major shareholders Invesco Perpetual and chief executive Andy Bell an opportunity to sell down their stakes in the business while widening AJ Bell’s shareholder [...]