Games Workshop shares slip after it warns of uncertainties in upcoming trading periods October 18, 2018 Shares in model retailer Games Workshop fell more than six per cent this morning after it warned of “uncertainties in the trading periods ahead for the rest of the 2018/19 financial year”. In a trading update this morning Games Workshop said trading to 7 October had continued well with sales ahead of the same period [...]
LBMA gold conference to be held in Shenzhen to reflect China’s dominance October 17, 2018 The global precious metals authority will host its annual conference in China next year to capitalise on the country's status as the world's largest gold producer Ahead of its annual conference in Boston later this month the London Bullion Market Association – which set standards for gold and silver trading – told City A.M. next year's [...]
Veteran investor Terry Smith’s new Smithson Investment Trust breaks records with £822m launch October 17, 2018 Veteran investor Terry Smith's new small and mid cap investment trust has raised £822.5m, breaking records for the UK's biggest trust launch. The Smithson Investment Trust initially targeted £250m before more than doubling its goal to £600m with the option to increase to £900m, and has knocked Neil Woodford's Patient Capital Trust off the top spot. It will start trading [...]
Oil prices fall after US crude inventories jump by six million barrels October 17, 2018 Oil prices continued to fall yesterday after US crude inventories rose more than expected. Brent crude oil slid to $79.75 as the price drop kickstarted by last week’s global equity sell off spilled over for another day. Prices had rallied briefly on data suggesting US crude stockpiles had dropped last week but government data showing [...]
African miner hires former BHP and British Airways board member ahead of float October 16, 2018 South African phospate miner Kropz will go public by the end of the month and has appointed former BHP board member and JP Morgan exec Lord Renwick as chairman. Kropz announced yesterday it would list on the London Stock Exchange's Alternative Investment Market (AIM) by the end of October. The plant nutrient producer hoped its IPO [...]
The emergence of micropayments and impact of cryptocurrencies October 16, 2018 | Sponsored Micropayments, generally understood as payments with a value less than £10, predate the advent of the Internet as they were initially conceived to pay the various copyright holders for compound work. Thereafter, several systems were proposed and developed in the mid-to-late nineties, all of which ultimately had little commercial success. A key problem that prevented [...]
Has the clampdown on spreadbetting platforms really protected traders? October 16, 2018 For years, spreadbetting companies enjoyed an easy ride. But this summer saw trading platforms enter a tough new era, as regulators began to weigh down on the industry. Recent weeks have seen some of the UK’s largest trading platforms bowing under the pressure, as the impact of strict new rules becomes clear. Introduced by the European [...]
Talk of a US recession in 2020 is a little premature October 16, 2018 Several analysts have come out of the woodwork in the past few weeks predicting not just a US growth slowdown, but the start of a recession in 2020. These calls were amplified after a week of stock market volatility. Bond vigilantes are pointing to rising real yields (that have been adjusted for inflation), while bear [...]
Fracking begins in the UK for the first time in seven years amid protests October 15, 2018 Fracking has begun in the UK for the first time since 2011 when it was halted after being linked with earth tremors. British shale gas company Cuadrilla confirmed today that it has started hydraulic fracturing operations at its exploration site in Lancashire The road leading to the site was closed for most of the day [...]
Supermarket chain announces $300m London float plans in first overseas Belarusian listing October 11, 2018 Grocery chain Eurotorg today announced plans to float on the London Stock Exchange in what would be a first overseas listing for a Belarusian business. Eurotorg is the largest grocery chain in Belarus with a market share of approximately 19 per cent of the food retail market. The float will mark the first overseas listing [...]