Unilever to end Anglo-Dutch structure to prioritise London base after failed Amsterdam move June 11, 2020 Unilever today announced plans to end its joint Anglo-Dutch structure to unify under its UK listing, after failing to persuade British investors to approve a shift to its Amsterdam HQ in 2018. The consumer goods giant would swap Dutch shares for its London-listed Unilever PLC stock, with Unilever PLC becoming the single parent company it [...]
Traders return to NYSE floor after two months May 26, 2020 Traders returned to the New York Stock Exchange (NYSE) for the first time in two months after closing due to the pandemic. New York Governor Andrew Cuomo rang the opening bell to restart in-person trading, but it was not a complete return to normal. Due to safety concerns, only a quarter of brokers will return [...]
US stocks jump as investors welcome easing of coronavirus restrictions May 26, 2020 US stocks extended gains seen across Asia and Europe as the global easing of lockdowns boosted optimism among investors. The Dow Jones index was up 2.47 per cent higher. The S&P 500 rose 1.93 per cent to bring 3,000 while the Nasdaq edged up 1.39 per cent. European stocks opened higher this morning, as investors [...]
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 [...]
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 [...]
Bitcoin price flirts with $9,000 mark ahead of halving event May 5, 2020 Last week the price of Bitcoin (BTC) moved from $7,700 to hit a $9,300 high before seeing a correction to drop below $8,700. Ether (ETH), the second-largest cryptocurrency by market capitalization, moved in a similar pattern, starting the week at $195 and reaching a $226 high, before dropping back to $201. Bitcoin saw a significant [...]
Suvi Chi’s tips for women to get ahead in the City April 20, 2020 Suvi Chi, the founder of Koa Collective that supports people on furlough and are looking for their next job or sabbatical, believes finding the right managers to work with is key for women to progress their career. The half-American half-Finnish straight-talking 34-year-old has had a far from straight forward career, never being afraid to leave [...]
Coronavirus: What does entertaining look like in a post-pandemic world? April 8, 2020 What will life be like after the Coronavirus? What will restaurants be like? What kind of holidays will we have? Who will be going to concerts? I’m pretty sure it’s not what you expect… how do I know? Well, at Ten Group – the world’s most successful lifestyle concierge service (“TENG” on the London Stock [...]
Coronavirus: New York Stock Exchange to shift fully to online trading from 23 March March 18, 2020 The New York Stock Exchange (NYSE) will temporarily close its trading floors and move fully to electronic trading from Monday, its owner Intercontinental Exchange said after an employee and a trader were tested positive for the coronavirus. They were last in the exchange building on 13 March, the company said today. The facilities to be closed [...]
The coronavirus crisis calls for a two-week stock market trading holiday March 17, 2020 Last week was marked by a series of trading halts as stock markets swung from “limit down” to “limit up,” and the Dow Jones Industrial Average posted its worst single-day loss since Black Monday in 1987. Uncertainty abounds, but one thing is for sure — no one knows what is going to happen next. It’s [...]