Barclays share price falls as wealth management arm Barcap is slapped with $13.75m penalties December 30, 2015 Barclays shares slumped 0.7 per cent to 220.95p per share this morning, after a US regulator found its former wealth and investment management arm made unsuitable mutual fund switches between 2010 and 2015. The US financial industry regulatory authority (Finra) ordered Barclays Capital to pay more than $10m (£6.7m) in compensation to the customers affected, and a [...]
Sterling outperformed four out of five currencies this year – but exotic holidays to the Seychelles and the Maldives became more expensive December 30, 2015 The strong performing UK economy, a global commodity rout and the economic slowdown in China led to sterling outperforming four out of five currencies in the past year, giving British holidaymakers more bang for their buck when they're abroad. The pound increased in value against 48 of 61 currencies, including the euro, Brazilian real, Turkish lira and Australian dollar, [...]
FTSE 100 index opens down on miners and oil companies December 30, 2015 The FTSE 100 index opened lower this morning, led by mining and oil companies which extended losses made yesterday. The UK's top blue-chip index opened 0.51 per cent lower at 6,280 points, with BHP Billiton and Glencore leading the pack lower. The pair fell 1.47 per cent to 764.8p per share and 1.57 per cent to [...]
Moody’s slices Noble’s rating to junk as commodity rout deepens December 30, 2015 Moody's downgraded Asia-focused commodities trader Noble to junk status with a negative outlook yesterday, due to concerns about the company's profitability in the face of the plunging commodities prices. Moody's cut Noble's senior unsecured bond ratings to Ba1, which is junk status, from Baa3. It also gave a Ba1 corporate family rating to Noble, despite its cost-cutting efforts such as [...]
Amazon share price touches record high after adding three million Prime members over Christmas December 29, 2015 Shares in Amazon have touched a record high after a stellar performance over the Christmas period. In morning trading, Nasdaq-listed shares in the online retailer and increasingly jack-of-all-trades touched $694.55, an intraday all-time high, after reporting record sales of devices and Prime membership over the festive season. More than three million members joined Amazon Prime in the third [...]
At the close: FTSE 100 index closes up on Hikma Pharmaceuticals, Persimmon and Taylor Wimpey December 29, 2015 The FTSE 100 index edged higher in the first trading day since Christmas, led higher by Hikma Pharmaceuticals, Persimmon and Taylor Wimpey. The UK's top blue-chip index closed 0.96 per cent higher at 6,314 points, despite losses by miners, which had benefited from a dead cat bounce in the build-up to Christmas. Read more: Oil prices crawl back up [...]
FTSE 100 index edges higher, despite falls in mining stocks December 29, 2015 The FTSE 100 index opened slightly higher on the first day of trading after Christmas, despite falls in mining and oil stocks that had rallied in the build-up to the festive period. The UK's top blue-chip index opened 0.24 per cent up at 6,271 points, led higher by Hikma Pharmaceuticals and Berkeley Group. Read more: FTSE 100 [...]
Valeant creates office of chief executive officer after announcing CEO Pearson is to go on medical leave December 28, 2015 Valeant Pharmaceuticals has announced that its chief executive J. Michael Pearson will be taking a leave of absence, effective immediately, following his hospitalisation last week. Last week Valeant confirmed that Pearson was being treated for a "severe case of pneumonia". Read more: Valeant severs ties with Philidor following share price plunge To serve in the [...]
Sirius Minerals share price jumper after it signs with the China’s Huaken International December 24, 2015 Shares in Sirius Minerals jumped as much as 11.2 per cent to 15.57p per share today after the Aim-listed company clinched a deal with a Chinese company. Chinese importer and exporter Huaken International has agreed to buy 500,000 tonnes of polyhalite over a seven-year period from Sirius' York Potash mine. It's an "offtake" agreement, something that's agreed before a [...]
Wandisco share price leaps after big data contract wins December 24, 2015 Shares in big data company Wandisco jumped this morning, after it unveiled two "significant" new contracts with (unnamed) companies in the financial services and telecoms sectors. Shares were nine per cent higher at 85p in early trading. In a statement yesterday the company – one of the few listed companies able to boast headquarters in both California and [...]