Before the bell: What you need to know before the US market open June 8, 2016 Mixed data out of China is giving economists and experts hope the country is headed for a soft landing, while Hillary Clinton has given her first speech as the presumptive Democratic presidential nominee. Here's what you need to know before the US open at 14:30 London time. US stock futures are looking up ahead of the open. The [...]
London leads with 18 per cent share of the country’s micro-businesses June 8, 2016 London has been found to be a so-called micro-business hotspot, accounting for almost a fifth of the UK’s businesses with fewer than nine employees. There were found to be 2.17m micro-businesses across the UK, research from Direct Line has revealed, with the South East of England and London making up a whopping 700,000 of them. [...]
Channel 5 and MTV team up to broadcast V Festival across UK June 7, 2016 Channel 5 and MTV UK struck a deal yesterday to become the official broadcast partners of V Festival. Channel 5 will be broadcasting live packages of some performance acts over the weekend, while MTV UK will air live highlights from the MTV stage and main stage across its various channels. It’s the first time, Channel [...]
Verizon planning second round bid for Yahoo’s internet business, sending the share price lower as figures fall short of expectations June 7, 2016 US telecoms giant Verizon is reportedly readying a second-round bid for Yahoo's core internet business. The bid is expected to come in ahead of the Monday deadline and will value the business at around $3bn (£2bn), some $2bn under expectations. The lower-than-expected bid sent Yahoo's share price down by around 0.5 per cent in New York. Previously bids [...]
At the close: Gushing oil pushes the FTSE 100 higher as miners slip after recent gains June 7, 2016 The FTSE 100 managed a modest rise today, falling back from much bigger gains directly after the open. The blue-chip index added 0.2 per cent to close at 6,284.53. The initial burst came as a result of Royal Dutch Shell earmarking 10 per cent of its oil and gas production assets for sale, which would result in the [...]
Valeant misses Wall Street expectations and dials back future earnings forecasts sending the share price sharply south June 7, 2016 The worst isn't over for Valeant Pharmaceuticals. The struggling company, which has recorded a near 90 per cent drop in its share price over the last year, has posted a first-quarter loss of $373.7m (£253m) in the first quarter. Investors have been left reaching for the painkillers as the stock price slumps almost 20 per cent in [...]
Before the bell: What you need to know before the US market open June 7, 2016 Markets are still cheering Yellen all but taking the June interest rate hike off the table and the Associated Press has called the US Democratic presidential nomination for Hillary Clinton ahead of today's primaries across the country. Here's what you need to know before the market open at 14:30 London time. Markets are still riding the wave [...]
Argentine confectioner Havanna lists in the country’s first local IPO since 2013 June 6, 2016 Havanna, an Argentinian confectioner, has listed on the Buenos Aires Stock Exchange. It’s the country’s first local listing since 2013 and has been taken as a further sign of economic recovery in Argentina. In May financial group Grupo Supervielle SA raised $280m (£193m) when it listed in New York and Buenos Aires. Havanna placed a [...]
Fed’s Yellen concerned by recent shock jobs report but remains “cautiously optimistic” June 6, 2016 The recent jobs report that showed a slow down in the number of jobs the US economy is adding has been called "concerning" by the Fed chair Janet Yellen. Her remarks will reinforce market expectations that the US interest rate will be held steady. Bloomberg average estimates of an interest rate hike in June fell to two [...]
At the close: FTSE 100 bulldozes over Brexit concerns as oil and metal prices climb June 6, 2016 The FTSE 100 managed to kick off the week with a rise today, finishing up one per cent at 6,273.40 points. A jump in commodity prices managed to offset fears of Brexit that dragged down house builders. A flurry of recent polls have put the leave campaign neck-and-neck with remain as the 23 June vote draws nearer. The news [...]
