LME halts nickel trading again as system error disrupts reopening March 16, 2022 The London Metal Exchange suspended nickel trading again this morning due to a “system error”, less than two hours after reopening following a surge in prices last week that left short sellers facing record losses.
What is the outlook for UK dividends in a less certain world? March 16, 2022 | City Talk Russia’s invasion of Ukraine looks set to exacerbate economic trends which had already been influencing markets. Amid the uncertainty, experienced investors Sue Noffke and Graham Ashby give their views on the outlook for UK dividends. Investors had already been viewing markets in a more cautionary manner, even before Russian troops amassed on the border with [...]
Camelot loses National Lottery licence after 28 years as Czech contender Allwyn gets the jackpot March 15, 2022 National Lottery operator Camelot is set to lose its licence to run the lottery after 28 years as the Gambling Commission names rival Allwyn Entertainment as its preferred applicant to take on the venture.
China supply fears send London’s top indexes tumbling March 15, 2022 Fears over a possible slowdown in Chinese production caused by Beijing locking down one of the country’s top manufacturing hubs amid an outbreak in Covid-19 cases sent London’s top indexes lower yesterday. The capital’s premier FTSE 100 index dropped 0.25 per cent to 7,175.70 points, while the domestically-focused FTSE 250, which is more aligned with [...]
Kremlin cronies face more sanctions while furious Putin fires eight generals: ‘Clusterf**k’ invasion not going well’ March 15, 2022 More family members of Russian oligarchs can expect to be targeted with sanctions, a UK official said this afternoon. The official, asked about the potential to sanction family members of Russian elites, said: “Yes, there is actually quite a wide range, out of the 370, who are family members. “There is a number of members, [...]
Return of lockdowns send Chinese shares tumbling March 15, 2022 The re-imposition of draconian lockdown measures in one of China’s main technology and manufacturing hubs to tame an outbreak in Covid-19 cases sent shares in Beijing and Hong Kong tumbling yesterday. China’s top index, the CSI 300, tumbled 4.57 per cent yesterday, taking total losses for the year to date close to 20 per cent. [...]
Russia’s war to deal 10 per cent hit to Ukraine economy, warns IMF March 15, 2022 The Ukrainian economy is set to contract sharply this year as Russia’s invasion hobbles domestic consumption, reveals fresh forecasts by the world’s economic watchdog. Output in Ukraine will shrink around 10 per cent this year, according to the International Monetary Fund (IMF). The hit to the country’s economy could eventually rise to some 35 per [...]
German economy hurtling towards recession on Russia-Ukraine war March 15, 2022 The German economy is hurtling towards a recession as the Russia-Ukraine war sours investors’ optimism for Europe’s largest economy, reveals a closely watched survey released today. Moscow’s barbaric assault of Ukraine and the West’s sweeping set of sanctions to lock Russia out of the global economy is “significantly dampening the economic outlook for Germany,” Achim [...]
London Stock Exchange announces partnership with fintech Floww in private market push March 15, 2022 London Stock Exchange Group (LSEG) has revealed a cash injection into investment platform Floww today, as it looks to become the first global exchange to straddle both public and private markets .
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