Rouble edges up after falling to historic low against dollar and euro November 7, 2014 The rouble recovered slightly against the dollar in late morning trading, after it dropped to historic lows against both the dollar and the euro. At one point in mid-morning, it took more than 48 roubles to buy a dollar, as investors showed their lack of confidence in the Russian central bank's ability to control its [...]
Dollar rises as US jobs data beats expectations November 5, 2014 Having experienced a blip over the summer, the US jobs market continued its recovery in October, creating 230,000 new jobs, data by payroll company ADP showed today. The figure beat expectations of 220,000, causing the dollar to rise 0.4 per cent against both the pound and the euro. The data comes ahead of Friday's non-farm [...]
US growth beats expectations as dollar gets a lift October 30, 2014 THE DOLLAR continued to increase against the euro yesterday after US GDP growth surprised on the upside and the market further digested hawkish statements from the Federal Reserve on Wednesday. Annualised growth – what annual growth would be if the three-month growth rate were maintained over a full year – was 3.5 per cent in [...]
Afren takes hit in third quarter October 30, 2014 SHARES were down by 15.6 per cent yesterday at Afren, as the oil group reported reduced production. The firm delivered average net production of 31,147 barrels of oil per day (bopd) in the nine months to September 2014, below full-year guidance range of between 32,000 to 36,000 bopd. Afren sacked its chief executive earlier this [...]
Afren share price rises after firing CEO Osman Shahenshah and COO Shahid Ullah October 14, 2014 Afren's share price climbed by over 3.5 per cent yesterday after the oil company announced that its chief executive and chief operating officer (COO) had been sacked for gross misconduct following an independent review. The company had suffered a 30 per cent share slump when it suspended CEO Osman Shahenshah and COO Shahid Ullah [...]
Afren share price plunges as company fires chief exec and chief operating officer for misconduct October 13, 2014 Afren was plunged into fresh turmoil last night after the oil and gas explorer revealed it has fired chief executive Osman Shahenshah and chief operating officer Shahid Ullah for gross misconduct. Afren’s shares have plunged since the controversy over unauthorised payments began at the end of July. The group said law firm Willkie Farr & [...]
US concern over strong dollar to delay rate hike October 8, 2014 US STOCKS jumped last night as newly released details from the US central bank’s September meeting showed concern over raising rates too early. Policy makers at the Federal Reserve expressed concern that weak economic growth in the Eurozone, China and Japan could hit US exporters. Their worries were compounded by the risk of unforeseen events [...]
Rouble falls to a new low against dollar and pound as sanctions bite October 8, 2014 President Putin celebrated his birthday yesterday, but it's just as well he is a tee-totaller because Russia's currency is probably giving him enough of a headache to worry about. The rouble has fallen to a new low against both the dollar and the pound today, as sanctions and falling oil prices continued to hit [...]
Aim-listed firms bouncing back: Alternative Investment Market companies have biggest quarter of takeover activity October 5, 2014 The London Stock Exchange’s market for smaller growing companies, the Alternative Investment Market, had its biggest quarter of takeover activity in over two years as Aim-listed firms become attractive takeover targets. According to the accountancy group UHY Hacker Young, the three months to the end of September saw 13 merger and acquisition deals involving Aim [...]
Every Lidl helps when it comes to boosting local house prices September 21, 2014 Living close to a discount store such as Lidl can increase the price of your property by almost £30,000, according to research released today. Research by online estate agents Housesimple.co.uk looked at the location of Lidl supermarkets in some of the major towns and cities across the UK and found that, in 80 per cent [...]