UK Oil and Gas Investments’ share price leaps over six per cent – then falls back as firm buys further acreage in the Weald Basin June 13, 2016 UK Oil & Gas Investments (Ukog) has paid £3.5m to buy another licence in the Weald Basin, near Gatwick Airport. Shares in the company were up 6.35 per cent as trading began this morning, but have since fallen back and are currently down 1.11 per cent. Ukog previously announced it had discovered a massive amount of oil [...]
Meet the man behind the Uber of the exchange world June 13, 2016 In less than eight years, Bats Europe has gone from being a one-man operation in a City of London coffee shop to the largest stock exchange on the continent by market share and value traded. But despite its growth, the company’s chief executive – and first employee – Mark Hemsley still likes to emphasise its small business charm. “We’re not [...]
Asian stocks fall amid fears UK will vote to leave the European Union June 13, 2016 Financial markets are preparing for falls today after Asian stocks experienced the biggest intraday falls in over two months due to building worries that Britain may vote to leave the European Union in the upcoming referendum. The pound suffered when trading opened. Sterling fell to $1.4159 in early Asian trade, its weakest since April 18. There [...]
European banking shares skid lower as FTSE 100 sinks June 10, 2016 European banking shares finished sharply lower today, making their biggest intraday decline since the beginning of February. The Stoxx 600 Banks index finished 4.2 per cent lower, its biggest one-day fall since 11 February. It was pushed down by the likes of Deutsche Bank, which skidded 4.6 per cent to €14.06, and Credit Suisse, which fell 3.8 per cent [...]
120,000 UK jobs lost from the oil price crash June 10, 2016 Over 120,000 jobs are expected to have been lost between 2014 and the end of this year because of the severe hit inflicted on the UK oil industry from tumbling global prices. The strain of low oil prices has caused massive layoffs and cost-cutting across the sector and in related industries over the last 24 months. New employment figures released [...]
Magazine publisher ignores London IPO Time Out to target pre-referendum float June 9, 2016 Time Out magazine is planning to float on the alternative investment market (Aim) next week, with an initial public offering (IPO) valuing the company at £195m. The magazine publisher said it will issue 60m ordinary shares at 150p, raising £90m in gross proceeds. Liberum Capital is acting as Time Out’s nominated adviser and sole bookrunner. Read [...]
Why an England Euro 2016 defeat will wipe billions off stock markets June 9, 2016 After a disappointing 2014 World Cup, the nation is eagerly awaiting the start of Euro 2016. With a 100 per cent record in the qualifiers, and currently priced at 8/1 fourth favourites, England are quietly confident that they can at least emulate their semi-final appearance 20 years ago. But it shouldn’t only be football fanatics [...]
Oil prices rise despite US stockpile data on China demand and Nigerian production problems June 8, 2016 Oil prices have risen for a third consecutive day today, hitting eight month highs. The rise is in spite of US data showing a surprise build in petrol stockpiles. On-going production problems in Nigeria, as well as a better outlook for demand in China spurred on the market. Gasoline stocks added one million barrels. Analysts had pencilled in a fall. Inventories of crude [...]
At the close: FTSE 100 makes it four positive days on the bounce as commodity prices climb June 8, 2016 A rebound in commodity prices gave a boost to the resources and energy heavy FTSE 100 today, moving it ahead of European markets. The index rose by 16.99 points, or 0.3 per cent, to 6,285.21 points, making today its fourth positive session on the bounce. Oil prices continued their recent rally, climbing to their highest price in around eight months. [...]
Now you can trade shares on Facebook Messenger with chatbots June 8, 2016 As if Facebook weren't already taking over your life (and the rest of the world), soon, it could be the place where you're trading shares. An online broker in Britain has revealed that it completed a live share trade using the messaging app – understood to be a world first – and plans to make this widely [...]