Back of the net: Beckham-backed cannabis company scores soaring market debut February 26, 2021 UK-based Cellular Goods, a cannabis company backed by David Beckham, has seen its stock price soar on its first day trading on the London Stock Exchange (LSE). The company’s share price rocketed 310 per cent in early trading, continuing the trend of cannabis-related companies listing on the stock market in the UK and then soaring [...]
City A.M. TV: Daily Market Snapshot (video) February 26, 2021 There was a sharp shift in tone in markets yesterday, with the back-up in bond yields causing significant disruption in the equity market. Of note, that disruption spread beyond the tech and growth sectors – with weakness in all 11 S&P500 sectors, all 24 S&P500 industry groups, and all the key US headline equity indices [...]
Will pressure on Chinese tech firms spark renewed interest in value stocks? February 26, 2021 | City Talk The flotation of Ant Group in December last year was supposed to be a landmark event. The initial public offering (IPO) was set to raise $37 billion, valuing Ant at over $313 billion and making it the biggest IPO ever. It was due to list in Hong Kong and Shanghai, rather than having a US [...]
FTSE 100 falls as bond sell-off knocks equities February 26, 2021 The FTSE 100 fell this morning as equities were hit by a global sell-off in bonds due to growing concerns about rising inflation. London’s blue chip index was down 0.5 per cent at 6,618 points, along with the FTSE 250, which also fell 0.5 per cent. Despite the fall, the FTSE 100 is still set [...]
Tullow Oil signs new $1.7bn loan agreement February 26, 2021 London-listed Tullow Oil today said that it had agreed a new $1.7bn (£1.2bn) loan agreement with its banks, giving the exploratory firm liquidity of $900m. The loan comes as the company continues to negotiate with its creditors over financing its $2.4bn debt pile. Shares in the firm rose 5.5 per cent on the back of [...]
A catch-up strategy? How Government can give young Brits a boost in Budget 2021 February 26, 2021 A catch-up strategy? How Government can give young Brits a boost in Budget 2021
Twitter mulling subscription services and tipping features February 25, 2021 Twitter mulls over introducing new subscription features to provide monetary incentives to influencers
Ireland’s Aer Lingus appoints IAG Cargo head as new CEO February 25, 2021 Aer Lingus secures IAG Cargo head as it's new CEO after fighting for survival during the pandemic
Moderna expects $18.4bn in Covid-19 vaccine sales this year February 25, 2021 US based Moderna is expecting $18.4bn in sales after vaccine deals are successful with countries
GameStop trading halted 10 minutes after Wall St opens as stock gears up for volatile day February 25, 2021 Trading of GameStop stock was halted within the first 10 minutes of Wall Street’s opening bell, after the stock rocketed 104 per cent yesterday and a further 83 per cent in after-hours trading. The share price of American videogame retailer GameStop jumped 77 per cent on Wall Street’s open today, after amateur traders again [...]