Metro Bank achieves £400m equity capital target, ahead of float on London Stock Exchange under MTRO ticker with £20 per share offer price March 4, 2016 Challenger bank Metro Bank has today announced that it has reached its target of raising £400m equity capital. The bank, which was founded in 2010 and opened its first store in Holborn, intends to have a so-called introduction to the London Stock Exchange on Monday, meaning it will float without a public sale under the ticker MTRO. "From a [...]
FTSE finishes the week higher after Brent crude, WTI oil and commodities prices rally March 4, 2016 The FTSE 100 finished the week comfortably above the 6,000 mark, after a week in which the price of oil surged. The FTSE finished at 6,199 points – 1.1 per cent higher. That brought its total rise for the week to 1.7 per cent. The rally came after the price of oil surged every day [...]
UCAS forms at the ready: Manchester Metropolitan University is offering students the chance to get paid while studying, and Pinsent Masons is just one of the companies paying students to study March 4, 2016 With competition for entry-level jobs scarily high, choosing whether to plump for a university degree or some extra years of work experience can be a daunting decision. However, some employers and educational establishments are looking at ways to offer bright young things the best of both worlds. In just under a fortnight's time, Manchester Metropolitan University [...]
BP group chief executive Bob Dudley rakes in $19.6m, including a boost to bonus, for year ended December 2015, despite the oil and gas company tumbling into a loss-making position March 4, 2016 BP's group chief executive Bob Dudley took home $19.6m (£13.8m) last year, despite the oil and gas company plummeting into a loss-making position. The company's year ended December 2015 annual report, which was published today, reveals that Dudley's remuneration packaging including pension had risen by 19.7 per cent from $16.4m the year before. The amount Dudley received as [...]
Goldman Sachs set to cut up to 10 per cent of fixed income and currency trading staff March 4, 2016 Goldman Sachs is set to cut between five and 10 per cent of staff in its fixed income and currency trading business. Reuters reports the cut is part of an annual process usually resulting in around five per cent of total staff leaving. Read more: Goldman Sachs profits plummet amid legal costs The bank employed 36,800 people at [...]
Brent crude and WTI: Oil prices stay higher after US jobs report March 4, 2016 Oil prices rose today, as strong US employment data fed into optimism that the market may have finally bottomed out. Brent crude, the global benchmark, rose 1.4 per cent to $37.59 per barrel this morning, putting it on course to end the week with a gain of more than five per cent. Meanwhile, West Texas Intermediate crude, [...]
US non-farm payrolls smash it again – but wages fall March 4, 2016 US job openings leaped again in February, way above analyst expectations. Official figures from the US' statistics bureau showed openings rose to 242,000, against expectations of 195,000. That left unemployment at 4.9 per cent, a post-recession low. However, average hourly earnings fell by 0.1 per cent during the month, from a 0.2 per cent rise the month before. “Fed [...]
Customers with the Big Six energy companies could be missing out on as much as £400 a year on their energy bills, despite announced price cuts March 4, 2016 The energy market is still failing to provide consumers with the best possible prices, research released today by consumer interest company Which? has found. The study found that customers of the so-called Big Six energy companies – British Gas, EDF Energy, npower, E.on, Scottish Power and SSE – could save up to £400 a year if they [...]
Glencore, Anglo American and Antofagasta share price: FTSE miners continue rally as copper prices pop March 4, 2016 London-listed miners continued to rally today, as copper prices surged towards the biggest weekly gain in four months as investors returned to riskier assets. Bright economic data out of the US, coupled with rising oil and commodity prices have encouraged investors. It was reinforced by hopes for further monetary stimulus from China. On the London Metal [...]
North sea oil firms warned of serious organised crime threat from gangs as prices fall March 4, 2016 The embattled North Sea oil sector has been warned it's being targeted by gangs of organised criminals, as firms there cut costs in the face of tumbling oil prices. Police are approaching big companies on concerns that gangsters could try to undercut legitimate businesses which provide waste or security services. Oil prices have fallen from [...]