Middlesbrough pawnbroker aiming to float on London’s junior market February 2, 2017 A Middlesbrough-based pawnbroker has announced plans to float on London’s junior stock market this month. Ramsdens, which is advertised on the shirts of Middlesbrough Football Club, is seeking to raise £15.6m through an initial public offering (IPO) expected on 15 February. The flotation on the Alternative Investment Market (Aim) is expected to price Ramsdens’ shares [...]
Shell share price moves up at the open as it maintains dividend and keeps capex at previously forecast levels February 2, 2017 Shell said today it will maintain its dividend and keep 2017 capex at previously forecast levels, after unveiling a massive jump in income. The figures Revenues for the full year fell to $233.6bn (£184.5bn) from $265bn, although it was up in the fourth quarter at $64.7bn, compared with $58.2bn in the final quarter of 2015. [...]
How Trump’s presidency might affect your investments February 1, 2017 | City Talk While Donald Trump’s presidency is not the only factor that could affect investments in 2017, it is potentially a major one. Trump’s plans to boost employment, rebuild infrastructure and bring businesses back to the US could have massive repercussions, both positive and negative, for global trade and growth. His policies have already had an effect. [...]
Gold prices fall as the US churns out solid economic data February 1, 2017 Strong economic data from the US has pushed gold prices lower today. The safe haven asset is currently down 0.58 per cent to $1,204.40 per ounce, recovering slightly from a low of $1,200.60 per ounce. The spot price took a hit of 0.41 per cent at $1,205.76. The yellow metal's falling price came as the US recorded stronger than expected [...]
Saudi oil minister welcomes Trump energy policies February 1, 2017 The Trump administration’s energy policies, including planned growth in US oil production, are good for the oil industry, according to Saudi Arabia’s oil chief. “He has steered away from excessively anti-fossil fuel, unrealistic fossil fuel policies,” Khalid Al-Falih said in a BBC interview. As a candidate, Donald Trump had warned that he would be taking [...]
Healthy manufacturers boost sterling and the FTSE 100 February 1, 2017 A strong set of data from the UK and the Eurozone have pushed up the value of sterling against the dollar, with the FTSE 100 benefiting as well. The manufacturing purchasing managers’ indices (PMIs) were strong across Europe as the sector continues to expand healthily. Sterling had dipped at the end of Asian trading against [...]
A startup sprouting up across London could be getting a massive investment from Softbank January 31, 2017 A startup that seems to be on almost every corner in the centre of London these days could be about to land a major investment from Softbank's massive $100bn tech fund, according to reports. WeWork, a co-working space which already has 12 locations in the capital, could be the first investment made by the Japanese firm's new Vision Fund, [...]
Trump effect? Warren Buffett has bought $12bn worth of stock since the US election January 31, 2017 Legendary investor Warren Buffett aka the sage of Omaha has added $12bn (£9.6bn) worth of stock to Berkshire Hathaway since the US election in November. “We’ve, net, bought $12bn of common stocks since the election,” Buffett said in an interview. US stocks boomed after Donald Trump was elected US President in November as investors and analysts hoped [...]
Cheeky IPO? Nando’s is considering a float January 30, 2017 Nando's, the South African restaurant chain famous for its spicy peri-peri chicken, is reportedly considering a cheeky initial public offering (IPO). Sources told Bloomberg Nando's is in the process of speaking to advisers and planning a share sale. Among its options, the Johannesburg-based company is mulling a London listing, the unnamed sources said. In a statement, a spokesperson [...]
Airline shares are falling thanks to the Trump travel ban January 30, 2017 Airline shares were among some of the worst-hit stocks on both sides of the pond today, as Donald Trump's travel ban to citizens of seven countries in the Middle East and North Africa began to sink in. In the UK, International Airlines Group (IAG), which owns British Airways, Aer Lingus, Iberia and Vueling, fell almost [...]