Payments company Paysafe share price drops despite nearly doubling profits March 7, 2017 The figures Payments processing company, Paysafe, saw its share price plummet 6 per cent lower this morning despite delivering a strong set of results and nearly doubling profits compared to last year. The company reported in its 2016 financial results today that it has nearly doubled adjusted profits after tax, achieving $213m (£174.6m) for the [...]
Sterling falls to lowest since before Theresa May’s Brexit speech as Lords vote looms March 7, 2017 Sterling fell to its lowest value since mid-January ahead of the resumption of voting in the House of Lords on the government’s bill on Article 50. The pound fell below $1.22 against the US dollar on Tuesday morning for the first time since 17 January, when Prime Minister Theresa May announced the UK would leave [...]
There’s a dead simple reason for these record market highs March 7, 2017 As equity markets continue their extraordinary and interminable upward trajectory, it was wonderful last week to see the ever modest leader of the free world taking time off from bashing journalists, among others, to take some well-earned credit for stocks putting on $3.2 trillion in value. Given the fact that both the Dow and the [...]
Record profits reported by chemicals specialist Synthomer March 6, 2017 FTSE 250 chemicals company Synthomer has achieved a second consecutive year of record profits, it announced yesterday. The speciality chemicals company, which provides emulsion polymers to a range of industries, including coatings, health and protection, said 2016 revenues jumped up by 20 per cent to £1.04bn, and 10.8 per cent on a constant currency basis, [...]
Which stock market sectors will benefit as inflation heats up? March 6, 2017 | City Talk We wrote last year about our expectation that inflation would soon start to re-emerge in Europe, and that banks were likely to be among the chief beneficiaries. This scenario has indeed come to pass, perhaps even more quickly than we had anticipated. With signs of inflation becoming ever more apparent, which other sectors should investors [...]
Oil prices have fallen on worries China will cut demand March 6, 2017 Oil prices fell this morning as investors worried China will cut oil demand after it reduced its growth target for 2017 to its lowest level for more than 20 years yesterday. Global benchmark Brent crude was down 0.98 per cent, at $55.35 per barrel, after it finished the previous session up 1.5 per cent. West Texas Intermediate (WTI) [...]
Security firm G4S reports results this week March 5, 2017 Security firm G4S will be reporting its 2016 full year results on Wednesday, the same day as the budget. This week’s numbers will spotlight the extent to which the group’s chief exec, Ashley Almanza has been successful in turning around the beleaguered company. Investors will be keen to see what progress the company has made [...]
Aviva and Legal General set to report profit rises March 5, 2017 Insurers Aviva and Legal & General are expected to report profit rises when they report on Wednesday and Thursday respectively next week. Analysts expect Aviva’s full-year operating profits to rise 8 per cent to £2.9bn and Legal & General is likely to advise operating profit increases of £1.6bn, an increase of 13 per cent, compared [...]
Bitcoin is now worth more than gold as the US dollar strengthens March 3, 2017 The price of bitcoin has overtaken gold today for the first time ever. The cryptocurrency was up to $1,275.15 this morning, while the price of gold dropped 0.35 per cent to $1,228.60 per ounce. Bitcoin has already had a tumultuous year as fears the Chinese government was moving to outlaw it dampened investor interest. But now the currency's price [...]
Deutsche Boerse has sold its remaining stake in Bats Global Markets March 2, 2017 Deutsche Boerse has offloaded its remaining shareholding in Bats Global Markets. It had sold one third of its stake in the Kansas-based stock exchange operator for $86m (£70m) in October, and said it had already realised a net income contribution of around €23m (£19.7m) from that. It expects the newest sale to boost earnings by €68m this quarter. [...]