Saudi Aramco holds talks to restart IPO plans July 2, 2019 Saudi Arabia has restarted plans to float its biggest asset, it has been reported, after the Saudi Aramco IPO was put on hold last year. The company, which is the world’s most profitable, has discussed a potential initial public offering (IPO) with bankers, according to Bloomberg. Read more: Saudi Aramco beats records as investors bid [...]
Ryanair traffic takes off despite Brexit gloom July 2, 2019 Irish airline Ryanair carried eight per cent more passengers on its planes last month, it revealed today. The budget carrier said it served 13.6m passengers, up from 12.6m in the same period last year. It was spread across 78,000 flights. Read more: Wizz Air grows passenger numbers amid route expansion Earlier this year the company [...]
Police evacuate Lloyd’s of London offices due to gas leak July 2, 2019 City workers were evacuated from offices including Lloyd’s of London today after a gas leak in London’s financial district. The City of London Police issued an alert urging people to avoid the area and blocked off two roads due to the ruptured gas main on Lime Street. “There is currently a cordon in place affecting [...]
Bookies route £60m to fight problem gambling July 2, 2019 Five of the UK’s biggest bookies have committed to a tenfold increase in their contributions towards fighting gambling addiction. Bet 365, Flutter, GVC, Sky Betting and Gaming and William Hill said they signed a pledge this morning. It commits them to spend one per cent of their UK gross gambling yield promoting safer gambling. Read [...]
UK house prices: Growth falls to four-month low in June July 2, 2019 UK house prices remained “subdued” in June, new figures showed today as the cost of buying continued to fall in London and the south east. The price of a UK home grew 0.5 per cent year-on-year over the month, lower than May’s 0.6 per cent growth. The rate was the worst since February’s 0.4 per [...]
Trainline on track as it posts big sales boost in first results since IPO July 2, 2019 Trainline’s chief executive today hailed last month’s “successful” float as the company showed a big jump in ticket sales last quarter. Net ticket sales rose 20 per cent to £906m, the firm said. A 27 per cent increase in revenue from tickets sold to UK consumers helped boost the figures. Read more: Trainline owner mulls [...]
Tullow facing delays at Kenyan projects June 26, 2019 Tullow Oil said today it expects a project in Kenya to be delayed as it was forced to go back to residents. The company said the delay was down to Kenyan authorities demanding more consultation with the local community. It expects the consultations will be submitted in the second half of the year. It had [...]
Barrick sticks by offer for Acacia June 26, 2019 Barrick Gold has today stood by its offer for Acacia Mining, saying that the London-listed firm had overstated the value of its assets. Barrick, which is the biggest shareholder in the company, said last month that it was mulling a bid which valued Acacia at $787m. The bid was questioned as Barrick valued the firm [...]
Oil price rises on lower US stockpiles June 26, 2019 Oil prices jumped today on the back of news that US crude inventories had fallen by more than expected. International benchmark Brent crude was up 1.2 per cent to $65.87 per barrel, after reaching highs of $66.24 earlier in the day. Read more: It’s no mystery who is behind the Gulf of Oman attack, or [...]
Nicky Morgan: Asset managers should expect more scrutiny after Woodford scandal June 26, 2019 The chair of the Treasury Committee, Nicky Morgan, has said she expects the asset management sector to face more oversight after Neil Woodford’s flagship fund was suspended earlier this month. Morgan said that her committee would get behind increased scrutiny from the Financial Conduct Authority in the wake of the scandal. Read more: FCA chief [...]
