After the Nvidelity comes the Huangover. Jensen Huang joins long list who confused boardroom and bedroom
Giant US services sector ends the year on a bright note January 7, 2020 The US’s enormous services sector outperformed expectations in December, survey data has shown, finishing the year in a strong position compared to the country’s struggling manufacturers. The closely-watched Institute for Supply Management (ISM) purchasing managers’ index (PMI) came in at 55 in December, up from a reading of 53.9 the previous month. Read more: Eurozone [...]
Premier Oil creditor ‘will take all steps to oppose’ refinancing plan January 7, 2020 North Sea explorer Premier Oil’s largest creditor, hedge fund Asia Research and Capital Management (ARCM), has said it will fight the oil company’s plans to extend its debt maturity and pursue several acquisitions. The fund, which holds more than 15 per cent of Premier’s debt instruments, issued a statement after the FTSE 250 firm said [...]
Middle East tensions to raise fuel prices for UK drivers January 7, 2020 Ongoing tensions in the Middle East will have an impact on UK drivers, with fuel prices set to rise at least 2p a litre in the next two weeks, according to the RAC. Simon Williams, the RAC’s fuel spokesman, said that dispute between the US and Iran “will cause the oil price to go up [...]
Burford Capital shares rise after US lawsuit against it is dropped January 7, 2020 Litigation funder Burford Capital’s share rose this morning after it said a US lawsuit against it had been dropped. Burford’s shares plunged over the summer after it was targeted by shortseller Muddy Waters which questioned its governance and accounting standards. Today, Burford said a securities lawsuit filed in August following its share price drop had [...]
London house prices rose twice as fast as the rest of UK in 2010s January 7, 2020 London house prices rose twice as fast as the UK average during the 2010s, a new report has shown, notching up a 66 per cent growth rate that was far faster than any other region. In the country as a whole, the average house price rose 33 per cent over the last decade as it [...]
Chinese yuan set for best day in six months as risk appetite returns January 7, 2020 The Chinese yuan was set for its best day in more than six months this morning after investors’ appetite for risk returned and as traders await the signing of a “phase one” trade deal between China and the US. China’s yuan – the unit of its renminbi currency – had risen 0.57 per cent to [...]
What do the financial markets hold in store for 2020? January 7, 2020 After the festive break, everyone in the City is slowly settling back into work. The opening week of 2020 has been hectic already, with oil and gold prices rising and stocks falling in reaction to tension in the Middle East. But what else are the financial experts and asset managers keeping an eye on for [...]
UK generated a record 83 days of electricity without coal in 2019 January 7, 2020 In 2019 the UK recorded 83 days when no coal was used to generate electricity, almost four times as many as in 2018. The UK’s first fossil free day for electricity came in 2017, when there were only two such days, demonstrating how far renewables generation has come in a short period of time. Read [...]
Nippon Active Value Fund set for £200m float in London’s first IPO of 2020 January 6, 2020 Investment firm Nippon Active Value Fund (NAVF) is set to fire the starting gun on a £200m listing tomorrow in what could be London’s first initial public offering (IPO) of 2020. NAVF is a closed-ended investment company that invests in securities with the majority of their operations in Japan. It is set to file its [...]
Equinor aims for 40 per cent emissions cut by 2030 January 6, 2020 Norway’s state-owned oil company Equinor has announced plans to slash fossil fuel emissions by 40 per cent by 2030, with aims to get close to net zero by 2050. To achieve its 2030 target the firm will have to make annual cuts of more than 5m tonnes of emissions, roughly 10 per cent of the [...]