Minimum Effective Blockchain May 26, 2020 Many enterprise IT teams feel there is no justifiable use case for blockchain. At the other end of the spectrum are those who believe in storing every last bit, byte and nibble of data on the blockchain. Neither of these is overly helpful in supporting the adoption of blockchain networks in industry. A foundational premise [...]
Aston Martin shares surge on chief executive sacking May 26, 2020 Shares in luxury sports car manufacturer Aston Martin Lagonda surged today after it confirmed it had parted company with its chief executive following a plunge in its share price. Media reports over the weekend said Aston Martin chief executive Andy Palmer was being ousted in favour of senior Mercedes executive Tobias Moers. Aston Martin confirmed [...]
Stock Exchanges in Nigeria and Ghana aim to deepen West African capital markets May 26, 2020 CFA Institute has examined Africa’s 10 largest capital markets in a major report compiled by Heidi Raubenheimer, CFA, our senior director for journal publications. Here we highlight key developments in the West African states of Nigeria and Ghana. Download the full report here. LSEG partnership boosts confidence in Nigerian exchange The economy of Nigeria – the [...]
Oil prices on supply cut hopes and Covid-19 demand recovery May 26, 2020 Oil prices pushed higher this morning amid growing confidence about crude supply cuts and signs of a recovery in demand as global Covid-19 lockdowns are eased. West Texas Intermediate crude futures rose 3.4 per cent to $34.37 a barrel this morning, just shy of an intra-day high of $34.54. Brent crude futures were also up [...]
Volkswagen defeated in German ‘dieselgate’ case May 26, 2020 Volkswagen was yesterday defeated in a key German court case claiming compensation for drivers mis-sold vehicles by the car giant as part of the emissions rigging scandal. The ruling by Germany’s highest court for civil disputes, which will allow owners to return vehicles for a partial refund of the purchase price, serves as a template [...]
Easyjet finance chief resigns after surviving Stelios coup May 26, 2020 Easyjet chief financial officer Andrew Findlay has resigned from the company just days after surviving an attempted clear-out of the company’s management by founder Sir Stelios Haji-Ioannou. Findlay, who joined the budget airline as finance chief in 2015, will leave the company in May 2021 in line with his contractual obligations. “Although I have given [...]
Lufthansa secures €9bn bailout from German government May 26, 2020 Lufthansa was last night saved from collapse after securing a €9bn (£8bn) rescue deal from the German government. The bailout, which is the largest German corporate rescue since the start of the coronavirus crisis, will see the government take a 20 per cent stake in the airline, which it intends to sell by the end [...]
Asian stocks rise on global lockdown easing optimism May 26, 2020 Asian stocks jumped today on optimism over the loosening of lockdowns around the world and hopes the global economy can get back on track. Japan’s Nikkei 225 rose 2.8 per cent to 21,322, MSCI’s broadest index of Asia-Pacific shares outside Japan added1.4 per cent and South Korea rose 1.1 per cent. There were also hopes [...]
Coronavirus: New York Stock Exchange trading floors reopen May 26, 2020 The New York Stock Exchange (NYSE) will today reopen its trading floors following a two-month closure caused by the coronavirus outbreak. In March the bourse announced it would close its trading floor and move to electronic trading for the first time in its history after one employee and a trader tested positive for Covid-19. In [...]
