Has the Ukraine war sped up the clean energy revolution? March 18, 2022 As energy security rises up the political agenda, we look at what Russia’s invasion of Ukraine means for climate change investing. Russia’s shocking invasion of Ukraine is having horrendous consequences, and our thoughts are with the millions of people affected. As climate change investors, we also have to consider the impact of the conflict on [...]
London’s top indexes jump as Bank of England hikes rates again March 17, 2022 London’s top indexes jumped yesterday after the Bank of England lifted interest rates for the third meeting in a row. The capital’s premier FTSE 100 index climbed 1.28 per cent higher to 7,385.34 points, while the domestically-focused FTSE 250 index, which is more aligned with the health of the UK economy, rose 0.34 per cent [...]
1 Minute Market Rundown – 17th March 2022 March 17, 2022 Russia – UkraineRisk sentiment improvesFed delivers So there were two big talking points yesterday. Firstly, Chinese authorities decided enough was enough and stepped in to prop up domestic equity markets. They pledged to keep capital markets stable, support oversea stock listings and confirming that regulation of big tech will end soon. Unsurprisingly, Asian stocks saw [...]
Nickel traders plunged into chaos again as LME postpones trading March 17, 2022 Nickel traders were plunged into more chaos this morning as the London Metal Exchange was forced to suspend trading again after further systems failures.
Easing fears over Chinese economy lift London’s indexes March 16, 2022 Cooling fears over a potential slowdown in the Chinese economy boosted London’s top indexes today. The capital’s premier FTSE 100 index climbed 1.62 per cent to 7,291.68 points, while the domestically-focused FTSE 250 index, which is more aligned with the health of the UK economy, soared over three per cent to reach 20,905.54 points. Renewed [...]
Hong Kong developer swoops in with £96m steal for Vauxhall Square site March 16, 2022 Vauxhall Square in London has been sold by a Chinese developer for £96m, which is a reported discounted price of 42 per cent. A subsidiary of Hong Kong-based company the Far East Consortium International (FEC) swooped in for the 14m square-foot site, buying it off rival firm, Guangzhou-based R&F Properties, on the cheap. It was [...]
BMW cuts 2022 profit margins as Ukraine war worsens supply chain issues March 16, 2022 BMW announced today it was cutting its 2022 profit margin forecast after the war in Ukraine caused new supply chain disruptions. The automotive maker said its EBIT margin will go down from between 8 and 10 per cent to between 7 and 9 per cent, warning supply chain issues could severely hinder production. Despite engaging [...]
China to dial back crackdown on overseas listings as markets leap March 16, 2022 China is set to ease its crackdown on overseas listings following months of market volatility and work with the US to reach an agreement on audit requirements. The China Securities Regulatory Commission confirmed today that China will communicate with US regulators to usher in greater cooperation between the pair. The government will begin to “actively [...]
LME confirms price limits for nickel trading when markets reopen tomorrow March 15, 2022 Trading in nickel contracts on the London Metal Exchange will resume tomorrow - albeit with strings attached.
China supply fears send London’s top indexes tumbling March 15, 2022 Fears over a possible slowdown in Chinese production caused by Beijing locking down one of the country’s top manufacturing hubs amid an outbreak in Covid-19 cases sent London’s top indexes lower yesterday. The capital’s premier FTSE 100 index dropped 0.25 per cent to 7,175.70 points, while the domestically-focused FTSE 250, which is more aligned with [...]