After the Nvidelity comes the Huangover. Jensen Huang joins long list who confused boardroom and bedroom
Saudi Aramco hits $2 trillion valuation as shares open higher December 12, 2019 Saudi Aramco shares opened 10 per cent higher in the second session of trading today, sending the state-owned oil company’s value above $2 trillion (£1.5 trillion). The shares rose as high as 38.7 Saudi riyals before easing to just over 38 riyals – a rise of more than eight per cent. Read more: Saudi Aramco [...]
Rics: Political chaos pushes London house prices down in November December 12, 2019 Political uncertainty held back London house prices in November, a new survey has shown, with gauges of demand and sales stuck in negative territory. Property company owners are hoping that today’s General Election will provide a clearer political and economic picture that could boost the struggling market. Falling prices have lessened London’s affordability problems, however. [...]
Election 2019: Sterling rises as traders await vote December 11, 2019 Sterling has risen against the dollar ahead of tomorrow’s General Election, recovering the ground it lost yesterday after a closely-watched poll halved the Conservative party’s expected majority. The rise continues the growth spurt sterling has been through since the start of December, which has been driven by polls predicting a Tory election victory. Traders by [...]
Saudi Aramco shares surge 10 per cent in $25.6bn stock market debut December 11, 2019 Saudi Aramco’s shares jumped 10 per cent today, as the kingdom’s state-run oil company started life as a public company on Riyadh’s Tadawul stock exchange. The rise took the oil behemoth’s market value to nearly $1.9 trillion (£1.45 trillion), meaning it is now comfortably the world’s most valuable listed firm. Read more: Institutional tranche of Saudi [...]
FTSE 100 rises after Yougov poll sends sterling tumbling December 11, 2019 The FTSE 100 has risen this morning after the pound suffered a shock as Yougov’s final poll of the General Election campaign showed the Conservatives on course for a smaller majority. Yougov’s MRP model poll, released yesterday, suggests the Tories could win a 28-seat majority in tomorrow’s election – a significant drop on previous estimates. [...]
Pension reform is political dynamite, but Macron’s attempt should be commended December 11, 2019 It would take a heart of stone not to be amused by Emmanuel Macron’s current predicament. The French President is trying to position himself as the leader of Europe. But at the same time, the streets of the major cities in France are, quite literally, ablaze. France’s public services are crippled by the biggest strike [...]
Institute of Directors members criticise Labour nationalisation plans December 11, 2019 Members of the Institute of Directors business body have criticised Labour’s plans to nationalise broadband, with 75 per cent of members calling the policy a bad idea in a poll. In a survey of over 1,000 of its members, the IoD also found that Labour’s broader plans to nationalise swaths of the economy would result [...]
Business groups call on next government to boost lacklustre growth December 10, 2019 Business groups have called on the next government to tackle the slowing UK economy after data today showed British GDP stagnated in October. The economy’s performance was below expectations of a 0.1 per cent expansion, but marked an improvement from the 0.1 per cent drop witnessed a month earlier, figures from the Office for National [...]
Pre-Election market update December 10, 2019 | City Talk The famous (or infamous) cliché ‘Buy the rumour, sell the fact’ is commonly used in the financial markets. But it contains a significant element of truth. It has been seen in the performance of the pound versus the dollar and euro since Boris Johnson ascended to the premiership. Having suffered heavily for most of 2019, [...]
Are there any safe bets for investors this election? December 10, 2019 | City Talk Political parties have not been able to agree on much this election. Whether it is Brexit or how the economy is run, the Conservatives and Labour have opposite views on almost everything. The Conservatives want to ‘get Brexit done’ so the UK is out of the EU by January, have a new trade deal signed [...]