After the Nvidelity comes the Huangover. Jensen Huang joins long list who confused boardroom and bedroom
Paddy Power completes £200m share buyback August 20, 2018 Paddy Power today completed the first £200m tranche of its share buyback programme. Goldman Sachs International bought up 2.4m shares on the bookmaker’s behalf, cancelling them all, as it embarks on the second tranche to repurchase £300m of shares, which Goodbody Stockbrokers is carrying out. The company is trying to reduce its share capital, announcing [...]
Polymetal ships first 2,000 tonnes of gold from Kazakhstan mine August 20, 2018 Precious metals miner Polymetal has shipped the first 2,000 tonnes from its new gold mine in Kazakhstan to China. Polymetal International acquired the Kyzyl mine in 2014 for $618.5m and has taken a significant step towards its first cash flow from the project. Approximately 2,000 tonnes of gold concentrate were shipped by rail to an off-taker in [...]
UK companies dividend payouts drop in record breaking year for the rest of Europe August 19, 2018 The UK lagged behind Europe as global dividends surged almost 13 per cent to $497.4bn in the second quarter. It was a record breaking year for payments around the world except in the United Kingdom where dividend distribution fell 1.4 per cent to $32.1bn. "Technical difficulties" were the cause of the decline while the rest of Europe dominated [...]
EU reveals huge trade surplus over the US August 17, 2018 The EU recorded a gaping trade surplus of €67bn over the US in the six months to June yesterday, potentially adding grist to the mill for US President Donald Trump, whose tariffs against the bloc threatened to take the pair into trade war territory earlier this summer. EU exports to the US grew four per cent to [...]
Turkish President Erdogan says collapse in lira a political plot against the country August 16, 2018 Turkish President Recep Tayyip Erdogan said today that the collapse in the value of the Turkish lira was a political plot against the country. Speaking to a crowd of supporters in the Black Sea coastal city of Trabzon, Erdogan said: “What is the reason for all this storm in a tea cup? There is no [...]
LBX Weekly Market Overview 14th August: A ride on the crypto carousel with LBX, The London Block Exchange August 14, 2018 Crypto investors always question token prices, with Bitcoin’s price attracting the most attention as it commands the longest history. The news that ICE (NYSE) is creating Bakkt – a new exchange that will open the gates for institutional investors to buy bitcoin – along with the multiple filings for Bitcoin ETFs, are both strong positive [...]
Turkish President Erdogan says collapse in lira a political plot against the country August 12, 2018 Turkish President Recep Tayyip Erdogan said today that the collapse in the value of the Turkish lira was a political plot against the country. Speaking to a crowd of supporters in the Black Sea coastal city of Trabzon, Erdogan said: “What is the reason for all this storm in a tea cup? There is no [...]
Cold Turkey for European banks as lira slides further August 10, 2018 | City Talk For some time now investors have been looking at the unfolding currency crisis in Turkey as a local difficulty, however the accelerating speed of the declines appears to be raising concerns about European banks exposure to the Turkish banking system. Reports that the European Central Bank is concerned that some banks in France, Italy and [...]
Turkish lira plummets to record low August 9, 2018 The Turkish lira plunged to a record low today against the US dollar as investors questioned the ability of the Erdogan regime to stop a deepening currency crisis. One dollar bought as much as 5.5678 lira in evening trading, as the troubled Turkish currency fell by almost five per cent in the course of the [...]
Sterling volatility continues over no deal Brexit fears August 9, 2018 Hedge fund boss Crispin Odey said today he would continue betting against sterling in the run up to Brexit, even after it fell to its lowest point for a year yesterday. Nervousness over the UK’s prospects of striking a deal with the EU has sent sterling sliding in recent days, falling as low as $1.2842 [...]