London markets lose early gains despite UK banks’ best efforts August 1, 2022 A bumper crop of results from Britain’s largest lender and Asia-focused HSBC initially boosted London markets today, before an afternoon collapse. The capital’s premier FTSE 100 index dropped 0.13 per cent to 7,413.42 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the UK economy, added 0.22 per [...]
Glencore lowers copper production guidance due to problems at Congo mine July 29, 2022 Commodities trader Glencore today said it is set to produce less copper this year than previously forecast due to technical issues at its Katanga mine in the Congo. The Anglo-Swiss multinational lowered its copper production guidance figures by 4.5 per cent, from 1,110 kt to 1,060 kt due to the ongoing geotechnical constraints related to [...]
NatWest shock profits lift London’s FTSE 100 July 29, 2022 London markets were boosted by investors piling into NatWest after it announced it will hand back £2.1bn to investors. The capital’s premier FTSE 100 index climbed 0.39 per cent to 7,374.25 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the UK economy, added 1.32 per cent to [...]
CMC Markets shares plunge after cost warning July 28, 2022 Shares in CMC Markets plunged over 20 per cent this morning after the online trading platform issued a warning that soaring costs would eat into profits in the six months ahead.
Crypto prices surge after Fed hikes interest rates July 28, 2022 Cryptocurrencies prices climbed after the US Federal Reserve raised interest rates by 75 basis points for the consecutive second month to tackle high inflation. Bitcoin jumped 7.5 per cent to trade at $22,965.5 today while Ether soared 11.14 per cent to trade at $1,624.9 after being pummelled by the crypto crash and investor uncertainty. The [...]
FCA reveals major consumer regulation shake-up but delays deadlines after industry protest July 27, 2022 The UK’s top financial watchdog has revealed its plans to tighten protections for consumers today in the biggest package of regulatory reforms to hit the City in a decade.
Alibaba eyes Hong Kong primary listing as US audit row continues July 26, 2022 Alibaba is seeking a primary listing in Hong Kong as the e-commerce giant attempts to lure in more mainland Chinese investors.
London Stock Exchange ready to ‘fight’ for Arm listing, says boss July 21, 2022 The boss of the London Stock Exchange said the bourse was willing to “fight” to win the listing of British chipmaker Arm today after reports its Japanese owner Softbank has downed tools on a London listing.
Funding platforms hail Austin Review potential ‘watershed moment’ for retail investors July 20, 2022 Investment platforms have hailed the Austin Review a potential “watershed” moment for retail investors today as ministers and regulators look set to widen access to the UK’s capital markets.
FCA poised to take more ‘proactive’ approach despite capacity strains July 19, 2022 The UK’s top financial watchdog said it was preparing to take a more “proactive” approach to identifying new financial threats today as it races to recruit staff this year to meet its growing remit.