Aquis eyes listings as it buys loss-making Nex Exchange from CME July 5, 2019 Aquis Exchange, the London-based trading services group, has struck a deal to buy alternative listing market Nex Exchange for £2.7m. Read more: Ex-Numis boss’s bid to takeover Nex Exchange falls through Aquis will buy the loss-making Nex Exchange, which is also based in London, from the US futures exchange CME Group. It will officially purchase [...]
German malaise continues as factory orders tumble July 5, 2019 Germany’s economic woes continued this morning as official statistics showed new orders in manufacturing plunged by 2.2 per cent in May compared to the previous month. Read more: German think tank says receding manufacturing sector damaging growth The figure was much worse than the 0.1 per cent fall economists were expecting, and raises fresh worries [...]
Confidence among UK business leaders falls after months of gains July 5, 2019 UK bosses were markedly more pessimistic about the economy in May than a month earlier, a new survey has shown, ending a trend of rising confidence levels since the start of the year. Read more: UK service sector ‘close to stagnation’ The confidence tracker from the Institute of Directors (IoD), a body for business leaders, [...]
Congo starts evicting up to 2,000 illegal miners from Glencore site where dozens died July 4, 2019 The Congolese army has started evicting miners from a Glencore site after a landslide which killed dozens. Illegal miners were being dispersed from the area around the copper and cobalt mine run by a Glencore subsidiary today. Read more: Glencore head of oil Alex Beard retires amid US investigations The company London-listed miner confirmed that [...]
Runners and riders: Who’s in line to take the top job at the IMF? July 4, 2019 George Osborne has become the surprise front-runner to take Christine Lagarde’s old job as head of the International Monetary Fund (IMF) after reports emerged that he was eyeing the role. Read more: George Osborne vying for top role at IMF The post at the international lender of last resort has become vacant after Lagarde was [...]
Amateur hour? The City reacts to Christine Lagarde’s new job at the ECB July 4, 2019 After three long days of horse trading in Brussels, member state leaders on Tuesday plumped for Christine Lagarde to take the helm at the hugely powerful European Central Bank (ECB). Read more: City economists warn Lagarde poses ‘credibility risk’ as ECB chief The decision took many pundits by surprise. Of the names touted to take [...]
Eurozone retail sales see surprise fall in May July 4, 2019 Retail sales in the Eurozone unexpectedly fell for the second month in a row in May, in a sign that consumer spending is weakening in the struggling area. Read more: Eurozone manufacturing falls to three-month low as downturn drags on The volume of retail trade fell by 0.3 per cent in May compared to April, [...]
Energean strikes black gold in $750m EDF deal July 4, 2019 Energean Oil and Gas took a step towards the big league today with a $750m (£596m) acquisition of EDF’s oil exploration wing. The company will take over Edison E&P in a deal which it claims makes it one of the biggest independent energy explorers in London. Read more: Shares in Energean soar as Israeli energy [...]
Low-emission car registrations fall for first time in two years July 4, 2019 UK registrations of alternatively-fuelled cars fell in June for the first time since April 2017, with a major industry body blaming confusion over low-emission zones and incentives. Read more: Hybrid and diesel car sales fall in May amid government policy confusion Overall new car registrations in the UK fell for the fourth month in a [...]
City economists warn Lagarde poses ‘credibility risk’ as ECB chief July 4, 2019 City economists digested the news of Christine Lagarde’s nomination as European Central Bank (ECB) president yesterday with some warning of a “credibility risk” while others welcomed her expected dovish stance. Read more: IMF chief Lagarde among surprise picks for EU top jobs European Union member state leaders surprised pundits on Tuesday night by picking Lagarde, [...]