‘Gen Xers care more about sustainability than millennials’ September 17, 2019 | City Talk People from Generation X – defined as those between 38 and 50 years of age – appear more motivated to invest sustainably than millennials. New research found 61 per cent of “Generation Xers” always consider sustainability factors when selecting an investment product, compared with 59 per cent of millennials, who are 18 to 37 years [...]
BHP boss has bonus slashed after death in Australian mine September 17, 2019 The boss of BHP, one of the world’s largest miners, had his bonus slashed last year after a death at one of the company’s Australian coal mines. Chief executive Andrew Mackenzie was paid $3.5m (£2.8m) in the last financial year, down by more than $1.1m. $1.3m of his pay was a performance-related bonus. Read more: [...]
Oil prices plunge as Saudi production could come back online sooner than expected September 17, 2019 Oil prices fell dramatically this afternoon as it was revealed that Saudi Arabia expects that it will have repaired all of its output in just weeks. Prices bounced yesterday as markets reacted to the news that a drone attack had taken out half of Saudi Arabia’s oil production. Read more: Saudi oil attack: How high [...]
US industrial production beats expectations with strong growth in August September 17, 2019 US industrial production bounced back in August after falling in July, official figures have shown, in the latest sign that the economy is performing better than its major peers. Read more: US manufacturing sector shrinks for first time in three years, survey shows Industrial production rose 0.6 percent in August month on month, the US [...]
Confidence among German investors grows despite recession worries September 17, 2019 The mood among German investors has improved despite the economy teetering on the edge of recession, with a closely-watched gauge beating economists’ expectations. Read more: Germany to tumble into recession, says Ifo think tank The economic sentiment indicator from German research institute ZEW gave a score of minus 22.5 in September, rising from minus 44.1 [...]
Oil prices steady after Saudi attacks sparked record rise September 17, 2019 Oil prices steadied this morning after markets shouldered a massive shock yesterday when prices rocketed at their fastest rate ever. The price of Brent crude, the international standard, was more or less unchanged at $69 per barrel this morning. Read more: Saudi oil attack: How high could oil prices go after record-breaking rise? Yesterday’s shock [...]
Recruiter Staffline’s share price dives as it swings to £8m loss September 17, 2019 Recruiter Staffline swung to a near £8m loss in the first half of 2019 as it warned of a slowdown in new business contracts, sending its share price crashing. Read more: Recruiters warn City job hunters over old social media posts The figures Staffline blamed a series of “unfortunate challenges” as well as Brexit uncertainty [...]
Hundreds of jobs in peril as Sirius Minerals project under review September 17, 2019 One of the UK’s biggest mining projects, expected to provide around 1,200 jobs, was thrown into turmoil today after it was forced to scrap a $500m (£400m) bond sale and pay back $400m from a separate sale to investors. Sirius Minerals said that poor market conditions had forced it to abandon the sale which would [...]
US oil firm Vaalco looking for multi-million pound acquisitions on London listing September 16, 2019 The boss of US oil explorer Vaalco has said the company could quadruple its size through an acquisition as he announced a plan to list in London. Vaalco, which produces 3,664 barrels of oil per day from an oil field in Gabon in West Africa, sees significant opportunities to expand through mergers or acquisitions, chief [...]
Kazakh payments firm Kaspi.kz announces London listing plans September 16, 2019 Kazakh financial group Kaspi.kz today announced plans to list in London this year. The offering will consist of a sale of existing shares in the form of global depository receipts by shareholders, Kaspi.kz said today. Read more: London equity capital markets remain resilient despite uncertainties The proposed listing is a boost to London’s stock market [...]