Bitcoin tumbles by more than 10 per cent to below $7,300 in under 24 hours May 17, 2019 Bitcoin prices have plummeted over the past six hours dropping to below $7,300 (£5,710) just days after reaching a 10-month high of more than $8,000. The price of bitcoin fell to a low of $7,140.77 at 6:30am BST, although it has since recovered slightly to $7,284.72 as of 8:30am. Read more: Bitcoin ralllies – where [...]
Sterling hits three-month low with investors nervous about Theresa May’s successor May 16, 2019 Sterling fell to a three-month low against the dollar today as political turmoil intensified and investors worried about who will be Prime Minister Theresa May’s successor. Read more: Theresa May to set out departure date in June The pound fell for the fifth consecutive day to $1.279, a drop of 0.4 per cent, as the Brexit [...]
Block Energy raises £12m to fund better than expected new well May 16, 2019 Block Energy today completed a £12m fundraise this morning after the company found it needed more money to explore a well which proved much more fruitful than first thought. The Aim-listed oil explorer said it had placed around 109m new shares at 11p each, a discount of nearly 16 per cent on yesterday’s closing price. Read [...]
Eurozone trade surplus grows in sign of recovery for struggling area May 16, 2019 The Eurozone achieved a better-than-expected trade in goods surplus in March, official statistics revealed today, in the latest sign of economic recovery on the continent. Read more: Global stocks reverse falls after reports Trump will delay auto tariffs Meanwhile the European Union’s trade in goods deficit with China grew and its surplus with the US [...]
Euronext shareholders unanimously approve Oslo Bors takeover May 16, 2019 The shareholders of pan-European exchange Euronext unanimously voted in favour of its acquisition of Norway’s Oslo Bors exchange at the group’s annual general meeting in Amsterdam today. Read more: Norway all but hands victory to Euronext in Oslo Bors battle Euronext said in a statement: “Shareholders’ approval was the last major condition to complete the [...]
Premier Oil raises guidance on rising oil price and strong production May 16, 2019 Premier Oil rallied today as it upgraded its production guidance and paid down debt, causing one analyst to call its shares “massively mispriced.” Production so far this year has reached just over 85,000 barrels of oil equivalent per day, a 14 per cent rise year-on-year, and considerably higher than 2019 guidance at 75,000. Read more: [...]
UK remortgaging rate jumps as owners cash in on low interest rates May 16, 2019 The number of people remortgaging their homes with additional borrowing spiked in March, according to data released today, as people took advantage of favourable interest rates. Read more: Experts warn of 'bumpy ride' for UK house prices Meanwhile the number of new loans to both movers and first time buyers fell in March year-on-year, figures from [...]
London businesses ‘unaware’ of improvements to apprenticeship levy May 16, 2019 Only a quarter of London businesses are aware of the improvements to the apprenticeship levy that were announced in the Spring Statement, new research shows. In March the government announced that from April employers would see the co-investment rate the pay for apprentices cut from 10 per cent to five per cent. Read more: Apprenticeship [...]
Investors in forex trading firm Hudspiths could lose millions as company faces CVA May 15, 2019 Investors in a forex trading scheme that promised stellar returns could lose millions of pounds as the company teeters on the brink. Swindon-based Hudspiths fought off a winding up petition in the High Court today brought by 31 creditors who said they are owed £5m. The case has been adjourned until 12 June to allow Hudspiths [...]
Euronext profit falls in first quarter as acquisitions make a dent May 15, 2019 Profit fell at European exchange Euronext in the first quarter of 2018, as the consolidation of its purchases of Ireland’s stock exchange and software company Commcise proved costly. Read more: Norway all but hands victory to Euronext in Oslo Bors battle Euronext, which received the green light to buy Norway’s Oslo Bors exchange on Monday, [...]