Energean swings to profit on higher oil prices but shares fall after production delays September 12, 2018 Energean Oil & Gas has swung to a half yearly profit on higher oil prices but has seen its shares fall after lowering its production guidance. The FTSE 250 company today posted pre-tax profits of £82.1m for the six month ending June – up from the £4.4m loss it reported in the first half of [...]
Crypto A.M. Shines its Spotlight on FreeMark: Inventing Better Money September 11, 2018 Plunging exchange rates can cost exporters their shirts. Sterling versus the US dollar can vary sometimes 7% in a month, or 2% in a day. Businesses and individuals can lose big chunks of their profits—even make a loss. Exporters must therefore hedge transactions in order to survive in the global economy. With more and more [...]
More of the same from Apple? September 11, 2018 | City Talk Earlier this year Apple made history in becoming the first US company to achieve a $1trn valuation, a level it maintained when it crossed above $207 a share last month. Since then the share price moved up to as high as $229.67 earlier this month, before embarking on a four-day slide prompted by some profit-taking, [...]
Despite recent emerging market struggles, there are plenty of reasons to invest in India September 11, 2018 Of all the emerging market economies, China usually garners the most attention. And with China often hogging the limelight, India can be the neglected cousin. Yet, there are plenty of reasons for investors to get excited about this developing nation, particularly as Chinese growth slows down. Admittedly, the burgeoning trade war with the US creates [...]
Is the mighty ETH crumbling? September 11, 2018 This week I want you to think about ETH and whether it can survive it’s current downturn, and consider how this affects the projects you may have been eying. With ETH (the crypto currency of the Ethereum platform) currently falling below 200 dollars for the first time in a year, many are beginning to debate [...]
Offshore oil and gas firms concerned over record low drilling September 11, 2018 The UK’s offshore energy industry has expressed “serious concerns” over the recovery of the sector despite stable oil and gas prices as drilling activity looks set to drop to its lowest level since 1965. Oil and Gas UK, the representative body for the UK’s offshore firms, warned that capacity constraints could be felt across the supply chain [...]
New York regulator clears way for dollar-linked digital currencies September 10, 2018 New York state has approved two ‘stablecoins’, digital currencies which will have their value pegged directly to the dollar. The Gemini dollar, launched by the entrepreneur twins Cameron and Tyler Winklevoss, will allow users to send and receive US dollars using the ethereum blockchain. The Paxos standard, created by the startup Paxos, will be collateralised [...]
Litigation funder Vannin Capital lines up £1bn London float September 10, 2018 Litigation funder Vannin Capital said today it is planning to list in London next month in a float that market sources say could hit a £1bn valuation. The listing will comprise an approximately £70m issue of new shares by the company and the sale of shares by existing shareholders to facilitate a free float of [...]
UBS launches new debt product for ethical investors that sticks to UN principles September 10, 2018 UBS has launched a new World Bank-backed debt product aimed at ethical investors. The Swiss bank has partnered with corporate governance research company Sustainalytics to introduce the global sustainability signatories index, which is composed of 100 companies that have signed up to the United Nations (UN) global compact, a corporate sustainability initiative. Signatories of the [...]
Trading platform Aquis Exchange to set up Paris hub to prepare for Brexit September 10, 2018 Exchange service group Aquis will open a new Paris office in preparation for Brexit. London-listed Aquis Exchange, which operates a Europe-wide cash equities trading platform, has filed applications with French authorities ACPR and AMF to open an investment firm in the capital. Read more: Barnier says 'realistic' to expect Brexit deal in weeks The new hub is being set up in [...]