Signs of a positive Q4 despite lingering crisis September 9, 2020 | Sponsored Going into Q4 2020, we’re seeing EMEA starting to peek its head over the crest of the global pandemic. The just-released SS&C Intralinks Deal Flow Predictor for Q4 2020 forecasts that M&A announcements may see a YOY uptick of +6 percent, within a range of +15 percent to -2 percent. Distressed M&A deals have risen slightly here, but [...]
FTSE 100 and US stocks climb as investors regain poise September 9, 2020 The FTSE 100 and US stocks have risen after a bloodbath on global markets yesterday saw big tech names plunge. London’s blue-chip index rose 1.3 per cent to 6,009 points in afternoon trading. The FTSE 250 – the 100’s little brother – fell 0.2 per cent, however. Read more: Tesla shares set for worst day [...]
Future of Rio Tinto boss in doubt after Aboriginal cave destruction September 9, 2020 The future of Rio Tinto chief executive Jean-Sebastien Jacques is under intense scrutiny after reports that the firm’s board will discuss his tenure at a meeting this week. The FTSE 100 company is under pressure from investors to give executives additional penalties for the destruction of Aboriginal heritage sites in Australia. According to Bloomberg, the [...]
Tullow Oil falls to $1.3bn loss after massive oil price writedown September 9, 2020 Tullow Oil fell to a $1.3bn loss in the first half of the year after it was forced to write down $1.4bn due to a lowering of its price outlook. With a mounting debt pile, the oil exploratory firm said that it was in the process of evaluating refinancing options, with a capital markets day [...]
Coronavirus insolvency measures must be extended, says IoD September 9, 2020 The Institute of Directors is calling for an urgent extension to emergency insolvency measures to prevent a swathe of job losses and company collapses. In June, the government introduced emergency legislation to suspend the threat of liability for “wrongful trading” until 30 September 2020. Before the measures were introduced, the board of directors had a [...]
US tech stocks plunge as FTSE 100 drops on no-deal Brexit fears September 8, 2020 Wall Street opened lower while the FTSE 100 fell back into the red this afternoon as a US tech sell-off and Brexit fears rattled markets. Downward pressure on the pound, as well as a strong set of corporate results, had initially boosted London’s premier index, but by the mid-morning the 0.5 per cent increase had [...]
British companies planned 300,000 redundancies in June and July September 8, 2020 UK employers planned more than 300,000 redundancies this summer as the coronavirus pandemic continued to take its toll on the economy. Figures obtained by a BBC Freedom of Information request show 1,784 firms made plans to cut nearly 150,000 jobs in July, a near sevenfold increase on the year before. While in June, 1,888 employers [...]
Oil prices fall to lowest levels since July amid signs of stalling demand September 8, 2020 Global oil prices fell to their lowest levels since the start of July this morning amid fears that demand is stalling as coronavirus infections surge around the world. Worldwide standard Brent crude fell over two per cent to trade at $41.13, the lowest it has changed hands in two months. US benchmark West Texas Intermediate [...]
German exports rise but stay below pre-Covid levels September 8, 2020 German exports jumped 4.7 per cent in July as the Eurozone economy’s gradual recovery continued, but trade remained far below its pre-crisis level. Imports grew by just 1.1 per cent, however, undershooting economists’ expectations of a rise of 3.3 per cent. Compared with a year earlier the figures were stark. Exports were down 11 per [...]
Exclusive: Merton leads London house prices higher as buyers seek space September 8, 2020 House prices in the south-western boroughs of Merton and Sutton rose at the fastest pace in London in the year to July as buyers looked for more space during the coronavirus pandemic, according to exclusive analysis by property website Zoopla for City A.M. Prices barely budged in the borough of Hillingdon on the western edge [...]