Shares drop as Just Group CFO announces departure amid regulatory uncertainty October 1, 2018 Just Group's shares fell sharply on news this morning that chief financial officer Simon Thomas is to step down at the end of the month. Shares initially declined by nine per cent, but had recovered to a drop of five per cent by around midday. Read more: Mercer slams CMA for data errors in pension [...]
Oil prices hit four-year high as markets await US sanctions on Iran October 1, 2018 Oil prices hit a four-year high this morning as the market reacted to ongoing uncertainty over US sanctions on Iran. Brent crude – considered the international benchmark – rose almost half a per cent to $83.09 (£63.70) per barrel in early trading, after rising as high as $83.32. Read more: Iranian foreign minister claims country [...]
Ryanair rocked by profit warning October 1, 2018 | City Talk Ryanair shares have sold-off severely this morning after the airline confirmed that profit would be 12% below the previous forecast. The group now expects full-year profit to be between €1.1 billion and €1.2 billion, and the previous guidance was between €1.25 billion and €1.35 billion. Ryanair cited higher costs regarding fuel and flight compensation regulations [...]
Aston Martin narrows price range ahead of IPO October 1, 2018 Aston Martin has narrowed the price range for its IPO later this week. The luxury car manufacturer is now set to float shares at between 1,850p per share and 2,000p per share, tightening its previous range of between 1,750p and 2,250p. Read more: Aston Martin staff set for cash reward as it gears up for [...]
Aston Martin staff set for cash reward as it gears up for IPO September 30, 2018 Aston Martin employees will be given one-off cash rewards to buy their own shares as the luxury car maker gears up to go public this week. Institutional investors, staff and customers will be able to by shares in its £5bn float from Wednesday, although private investors won't be able to deal in the shares until [...]
AIM high as daily share trading on alternative market hits record highs September 30, 2018 The value of traded shares on alternative exchange AIM more than tripled in two years, a new report has found. Spurred by success stories like ASOS, Boohoo and Fever-Tree, the average value of daily trading per company on the market grew to £328m, up from £109m in 2015/16, accountants UHY Hacker Young said. The growth [...]
Mark Mobius investment trust IPO falls £100m short of target September 27, 2018 Emerging markets veteran Mark Mobius' investment trust has raised £100M through an Initial Public Offering (IPO), which is half of the target amount. Mobius Capital Partners announced it would target £200m for the trust, which will invest in small to mid cap emerging and frontier markets, earlier this month. Read more: Mobius to raise £200m for emerging markets [...]
Sirius Minerals on track to complete Yorkshire mine but still chasing up to $600m September 27, 2018 Sirius Minerals expects to secure $3bn (£2.3m) funding towards its Yorkshire mine by the end of the year but is still exploring options to plug a cost overrun of up to $600m. The company, constructing a polyhalite mine under the North York Moors, said the project remained on track to be completed in 2021, [...]
BP wins approval for £200m North Sea project to produce 30m oil barrels September 27, 2018 BP has won approval for its £200m Vorlich project in the North Sea, which could produce 30m barrels of oil. The government-backed Oil and Gas Authority (OGA) approved the industry giant's development, which could now come on stream in 2020. BP expects the two-well development, 150 miles off the coast of Aberdeen, to produce 20,000 barrels [...]
Peter Hambro returns to Petropavlovsk after shareholder ousting September 27, 2018 The co-founder of Russian gold miner Petropavlovsk has returned to the company after being ousted as chairman by shareholders last year. Read more: Gold giants set to merge in shock $18.3bn deal Shares jumped from 6.48p to 6.85p this morning before falling back to 6.37p as Petropavlovsk announced that Peter Hambro has been appointed as president [...]