City veteran Martin Gilbert joins board of wealth firm Saranac Partners November 11, 2020 Former Standard Life Aberdeen chief Martin Gilbert has joined wealth firm Saranac Partners as a non-executive director. The veteran investor has taken on several board positions since standing down from Standard Life Aberdeen in March 2019 to join challenger bank Revolut as chair. He is also a senior independent non-executive director at Glencore, as well [...]
Wall Street rises as investors cling to hope of stimulus package October 22, 2020 US stocks edged higher after the open today as Wall Street held out for a deal on fiscal stimulus, while the FTSE 100 dipped amid concerns over increasing coronavirus cases in Europe. The benchmark S&P 500 rose as much as 0.26 per cent in the first half an hour of trading, while the Dow gained [...]
FTSE 100 closes deep in the red amid new coronavirus lockdowns October 15, 2020 London markets plunge on increased social restrictions, with travel and leisure firms dragging FTSE 100 lower
FTSE 100 closes lower amid new restrictions but US stocks rise October 12, 2020 The FTSE 100 closed lower after Prime Minister Boris Johnson introduced a new three-tier Covid alert system but US stocks rose as investors hoped for more stimulus. London’s blue-chip index ended the day 0.3 per cent lower at 6,001 points. The mid-cap FTSE 250 rose 0.5 per cent, however. Read more: Government set to unveil [...]
FTSE 100 and US stocks jump after strong Chinese industrial data September 15, 2020 The FTSE 100 rose sharply and US stocks opened higher as investors reacted well to stronger-than-expected economic data from China. Britain’s main stock index was up nearly one per cent during the afternoon session at 6,085 points. The FTSE 250 index – which is made up of slightly smaller firms – climbed 0.6 per cent. [...]
FTSE 100 and US stocks tentatively climb after rough week September 11, 2020 The FTSE 100 headed towards the end of the week slightly higher and US stocks recovered some ground after another sell-off yesterday. London’s blue-chip index was up 0.2 per cent at 6,015 points in afternoon trading as official data showed the UK economy grew seven per cent in July. The FTSE 250 of mid-cap firms [...]
BHP profits dip as it warns of contraction outside of China August 18, 2020 The world’s biggest mining group BHP has reported a dip in profits as it warns that major world economies outside of China will bear the brunt of the downturn. The figures BHP reported attributable profit of $8bn for the year ended 30 June, down four per cent on the previous year. Profit from operations dipped [...]
Markets live: US stocks dip on stimulus fears after miners pull FTSE 100 lower August 6, 2020 The FTSE 100 sank sharply today as traders appeared to react negatively to the Bank of England’s relatively upbeat assessment of the UK economy, amid fears of a lack of fresh US stimulus. The UK index dropped 1.32 per cent to 6,024 points by 4pm, after the Bank said the economy would fall less sharply [...]
Glencore shares fall as miner cuts dividend amid growing debt August 6, 2020 Shares in miner Glencore fell 3.8 per cent this morning after the commodities giant said that it would scrap its $2.6bn dividend to concentrate on reducing debt. As a result of the coronavirus pandemic, which has lowered prices for the company’s minerals due to a slump in demand, Glencore said it had booked a total [...]
Crypto AM shines its Spotlight on AgAu July 28, 2020 AgAu – The Peer-to-peer, Electronic, Money System. Referencing Satoshi Nakamoto’s white paper: Bitcoin, a peer-to-peer, electronic, cash system, AgAu makes a distinction between cash/currency and money. “Cash or currency is fiat. Gold on the other hand, is money. Currency can be a medium of exchange; gold is a store of value. Over the long term [...]