Brent crude and WTI oil prices edge up after yesterday’s massive losses March 10, 2017 Oil prices have recovered slightly after their worst slump in more than three months. Brent crude, the global benchmark, was trading at $52.37 a barrel, up 0.34 per cent from the previous close. West Texas Intermediate prices traded 0.43 per cent higher, but still below $50, at $49.49 a barrel. Yesterday, crude prices plummeted more than 2.5 per cent [...]
West Texas Intermediate oil prices are below $50 a barrel March 9, 2017 After sharp losses yesterday, oil prices have continued their biggest downward slump of the year as US benchmark West Texas Intermediate (WTI) dropped below $50 a barrel. WTI is trading more than 2.5 per cent lower today at $48.79 a barrel while global benchmark Brent crude fell to a low of $51.60 a barrel. Yesterday, oil prices posted their sharpest [...]
Google parent Alphabet’s venture arm GV backs London fintech startup Currencycloud in £20m funding round March 9, 2017 Top London fintech startup Currencycloud has attracted Google as an investor in a fresh £20m funding round in a stamp of approval for the sector after Brexit. GV, Alphabet's high-profile venture arm formerly known as Google Ventures, which has backed the likes of Uber and Slack in the past, joins existing investors for the series D [...]
The International Energy Agency says it is inevitable that oil prices will see a massive increase March 8, 2017 Three years of drastic cuts to upstream spending because of the meltdown in oil prices could result in a shortage of oil supply in a few years, according to a new report from the International Energy Agency. When oil prices collapsed in 2014, oil producers quickly took an axe to their spending. Global oil and [...]
European company results are beating analysts’ expectations March 8, 2017 European companies are defying analysts' expectations, according to new data. Fourth quarter revenues of nearly 61 per cent of companies in the Stoxx 600 that have reported to date have exceeded analysts' estimates, according to research from Thomson Reuters. In a typical quarter 53 per cent beat analyst revenue estimates. The Stoxx 600 is an index [...]
Dignity share price drops after growth revision March 8, 2017 Dignity, which provides funeral services, crematoria and pre-arranged funeral plans, saw its share price plunge 13 per cent after it revised down its growth rate. It revised down its medium-term target underlying EPS growth rate to eight per cent per annum from the current 10 per cent. However, Dignity beat analysts’ consensus profit forecasts after [...]
How safe are dividends? March 8, 2017 | City Talk The income paid by stock market companies to investors could be about to come under pressure. The twice yearly payments made to investors can be a vital income supplement for those in retirement. Others reinvest the dividends to boost long-term returns. But research compiled by Schroders shows European and US companies are diverting a high [...]
Paddy Power Betfair is trading neck and neck with analysts’ expectations March 7, 2017 Bookmaker Paddy Power Betfair saw its share price fall despite trading in line with expectations last year, underscoring perceptions that investors expect it to perform more strongly for the stock price. It highlighted an increase in underlying earnings of over a third to £400m as well as a significant dividend payment. The figures Revenues are up [...]
Aggreko share price hit as it warns on profits March 7, 2017 Power supplier Aggreko warned on profits alongside its 2016 results this morning, causing its share price to dive 13 per cent. It said that 2017 results will be hit by a “significant impact” of weaker pricing on contracts in Argentina. The figures The company reported a reduction of 24 per cent in 2016 pre-tax profits to £172m after [...]
X-ray company Medica Reporting plots £150m-plus IPO as private equity firm CBPE Capital seeks exit March 7, 2017 A private equity-backed x-ray company is plotting a stock market flotation, City A.M. can reveal. Medica Reporting, the UK’s largest remote radiology reporting network, is planning an initial public offering (IPO) that could value the company at more than £150m. Read more: London IPO, New York or sale? Sources say Misys is keeping its options [...]