Prudential turns gaze to Asia in fresh £2bn share sale September 19, 2021 Insurer Prudential is planning to offer fresh shares on the Hong Kong stock exchange to raise £2bn as it continues to shift its focus away from the UK. The proceeds will be used to pay off debt and capitalise on investment opportunities in Asia and Africa, the 173-year old insurer said. Prudential will offer nearly [...]
Rallying travel stocks lift London markets September 16, 2021 London’s FTSE 100 edged up today on a rally among travel stocks, helping to partly reverse yesterday’s poor performance. The capital’s premier index gained 0.16 per cent to hit 7,027.48 points, partly evening out losses registered on a choppy day on London markets yesterday. The likes of aerospace engineer Rolls Royce and British Airways parent [...]
Rallying travel stocks lift FTSE 100 – CityAM : CityAM September 16, 2021 London’s FTSE 100 climbed during opening exchanges today, lifted by a rally among travel stocks that helped to reverse yesterday’s poor performance. The capital’s premier index gained 0.44 per cent to hit 7,047.52 points, cancelling out losses registered on a choppy day on London markets yesterday. Also Read: Pre-departure Covid tests may be ditched to [...]
FTSE 100 and 250 fall flat as mining stocks drag September 14, 2021 The FTSE is down 0.48 per cent today at 7,034.42, falling by 33 points compared to yesterday’s close as mining stocks spurred losses. Industrial and energy mining companies dragged the index down. Evraz is down 4.12 per cent, Anglo American PLC shed 3.1 per cent while mining giant BHP dropped 2.6 per cent. Amid continued [...]
US stocks scale to new heights … again September 2, 2021 Wall Street’s main benchmarks scaled to new record highs once again today, as investors brace for an expected bumper jobs report tomorrow. The S&P 500 and the tech-heavy Nasdaq both hit new peaks today, but pulled back slightly heading into the early afternoon session. The former was up 0.38 per cent to 4,541.45 points and [...]
KPMG UK audit chair to join board of BHP September 2, 2021 KPMG’s UK chair of audit, Michelle Hinchliffe, will join the board of BHP as a non-executive director next year, the mining company has announced today. Hinchliffe will retire from KPMG UK in February after 30 years in the accounting giant’s financial services division. She will also become a member of BHP’s risk and audit committee [...]
Animal Rebellion activists block UK’s largest dairy factory August 31, 2021 A group of 70 animal rights activists have blockaded the UK’s largest dairy factory to highlight the farming industry’s contribution to climate change. In the early hours of this morning, 30 Animal Rebellion activists locked themselves to a giant bamboo structure and concrete barricades in front of the Arla Foods distribution centre in Aylesbury. Police [...]
Wall Street scales to yet more record highs after Powell signals Fed will taper stimulus this year August 27, 2021 US markets were propelled to yet more record highs today after the chair of the US Federal Reserve indicated the central bank may start to wind down stimulus measures this year. The S&P 500 touched a record high today, before paring back slightly to rise 0.90 per cent to 4,510.49 points during early afternoon trading. [...]
BHP fires 48 workers over sexual harassment and assault at Australian mines August 20, 2021 Mining giant BHP has fired 48 workers in 2 years amid a spate of sexual harassment and assault allegations. In July, the Australian government launched an inquiry into the problem of sexual harassment in the country’s mining industry. Large mining companies tend to use Fly In Fly Out (FIFO) accommodation, a set up which blurs [...]
BHP fires 48 workers over sexual harassment and assault at Australian mines – CityAM : CityAM August 20, 2021 Mining giant BHP has fired 48 workers in 2 years amid a spate of sexual harassment and assault allegations. In July, the Australian government launched an inquiry into the problem of sexual harassment in the country’s mining industry. Large mining companies tend to use Fly In Fly Out (FIFO) accommodation, a set up which blurs [...]