First crude shipment in two years leaves major Libyan port September 21, 2016 A tanker set sail from the Libyan port of Ras Lanuf to Italy today, marking the first shipment from one of its key oil terminals since the civil war froze activity there two years ago. The port manager told Reuters that a second tanker is preparing to load at the terminal, stoking hopes that it will bring Libya a [...]
The UK is second in the world for tech startup exits September 21, 2016 More tech startups in the UK went public or were acquired than in any other country in the world behind only the US at the start of the year, new research reveals. The high-profile acquisitions of Swiftkey by Microsoft and Magic Pony by Twitter helped send tech merger and acquisition (M&A) surging across Europe. Read more: Why companies like [...]
Before the bell: What you need to know before the US market open September 21, 2016 Markets are already cheering the US Federal Reserve and Mylan's chief executive is set to answer questions on the latest drug pricing scandal. Here's what you need to know before the US open at 2:30pm. The US pre-market is climbing ahead of the open, betting the Fed will not move to hike interest rates when it [...]
Banking shares bolster FTSE 100…except for RBS September 21, 2016 Banks' investors have a reason to celebrate this morning, as share prices among lenders are on the rise – with the exception of RBS. At time of writing, Barclays is the biggest riser of the FTSE 100, while shares in HSBC, Standard Chartered and Lloyds Banking Group are also up, after the Bank of Japan [...]
Cenkos shares dive after small cap fundraising dries up September 21, 2016 Shares in Cenkos fell as much as 16.96 per cent to 95.50p per share this morning, after the City stockbroker revealed profits plunged as small cap fundraising dried up ahead of the Brexit vote. The figures Cenkos' pre-tax profit plummeted 91 per cent to £1.7m in the six months to 30 June, down from £18.6m in the first half [...]
BHP Billiton boss Andrew Mackenzie’s salary was halved in the wake of the Samarco dam disaster September 21, 2016 The chief executive of BHP Billiton took a more than 50 per cent pay cut in the 2016 fiscal year, as a result of a tragic dam failure at one of the company's Brazilian mines. The failure of the dam at Samarco Mineracao in November 2015, which BHP Billiton jointly owns with local company Vale, [...]
Sterling falls below $1.30 to five-week low September 20, 2016 The pound has lost its shine today, falling below crucial levels against both the euro and the dollar. By early afternoon sterling was trading down 0.6 per cent against the greenback at $1.2959 as speculation ahead of the US Federal Reserve's meeting grips the currency markets. Against the euro, the pound dipped 0.5 per cent to [...]
Are government bonds too expensive? September 20, 2016 Government bond yields could have passed their nadir, investment banks and bond analysts have suggested, with borrowing costs rising and the outlook for major economies in flux. As the US Federal Reserve has hesitated on raising rates, the Brexit vote threw the financial markets into brief turmoil and the Eurozone has shown only tentative signs [...]
Faroe Petroleum falls to a loss but hikes production targets September 20, 2016 Shares in independent oil and gas explorer Faroe Petroleum rose as much as 1.53 per cent to 66p after the North Sea player hiked its production forecasts. The figures Revenue fell 54.8 per cent year-on-year to £23.1m in the six months ended 30 June, down from £51.1m a year earlier. Lower revenue and higher exploration costs helped [...]
Before the bell: What you need to know before the US market open September 20, 2016 Theresa May has been buttering up Wall Street following the Brext vote and drug giant GlaxoSmithKline has a new chief executive. Here's what you need to know before the US open at 2:30pm London time. The US futures markets are pointing higher ahead of the open. The S&P is up by 0.38 per cent, the Nasdaq [...]