Anglo-Pacific snaps up Canadian cobalt resource for $205m February 24, 2021 London-listed miner Anglo-Pacific has today made its first push into cobalt with the $205m (£144.9m) acquisition of a share in a commodity stream at a mine in Canada. Under the deal, the firm will take control of a holding company that holds a 70 per cent interest in cobalt streams from the mine at Voisey [...]
UK growth helps Iberdrola offset Spanish power drop February 24, 2021 Spanish renewables giant Iberdrola this morning said that impressive growth in the UK helped balance out a fall in electricity demand in its home market due to the pandemic. The firm, which owns energy supplier Scottish Power, that the margins of the its UK business jumped over 40 per cent in 2020. This was largely [...]
US tech sell-off continues as markets tumble for a second day February 23, 2021 Markets in the United States tumbled today, as a tech stocks in the US were hammered by a sell-off. The Dow Jones Industrial Average fell 0.06 per cent at the open, the S&P 500 fell 0.5 per cent and the Nasdaq Composite took the biggest hit, dropping two per cent. Large companies like Apple, Amazon [...]
What is the Global Travel Taskforce and what can we expect from its report? February 23, 2021 Possibly the most widely cheered of the announcements in yesterday’s roadmap out of lockdown was the suggestion that international travel could begin again on 17 May. Although Boris Johnson cautioned that this would be subject to a number of conditions, airlines, travel firms, and holidaymakers alike rejoiced at the prospect of a full summer holiday [...]
Brits rush to book holidays in hopes of end to travel restrictions February 23, 2021 Brits rushed to book holidays overnight after Boris Johnson yesterday raised the prospect of international travel restarting in time for the long summer break. According to the government’s roadmap for ending lockdown, international travel could start on 17 May at the very earliest. The announcement triggered a surge in bookings, with budget carrier Easyjet reporting [...]
G4S backs auction winner Allied Universal in £3.8bn takeover bid, as Gardaworld bows out February 23, 2021 Private security and outsourcing firm G4S this morning recommended shareholders to vote for Allied Universal's final offer valuing it at £3.8bn, a day after a rare auction battle with Canada's GardaWorld.
Cruise liner firm Carnival plans $1bn stock sale to stay afloat February 23, 2021 Cruise operator Carnival today announced that it would sell $1bn (£700m) worth of its stock through a public offering. The firm said that it would place 40.5m shares at $25.10 per share, a slight discount on yesterday’s closing price of $25.97. The offering, which is being run by Goldman Sachs, closes tomorrow. Carnival said that [...]
Are we heading into a new commodities ‘supercycle’? February 20, 2021 Since the beginning of the year commodity prices have been surging, leading a number of banks to declare the start of a new “supercycle” for the assets. Bankers at Goldman Sachs were the first off the line, declaring that the Covid-19 had created the right structural conditions for the same kind of multi-year price growth [...]
G7 leaders commit to green Covid-19 recovery led by free trade February 19, 2021 The leaders of the G7 economies today committed to delivering a green recovery from the coronavirus pandemic at a meeting chaired by Prime Minister Boris Johnson. The group – which is made up of the UK, US, Japan, Italy, France, Germany, and Canada – pledged to support free trade and co-operation in the face of [...]
Online car retailer Cazoo making plans to go public – report February 19, 2021 Used car retail platform Cazoo is reportedly making plans to go public at a valuation of £5bn. Sky News reported that the start-up, which was only founded just two years ago, was mulling either a London listing or a merger with a New York-listed “blank cheque” firm, or SPAC. Boss Alex Chesterman, founder of LoveFilm [...]
