Standard Life Aberdeen boss Martin Gilbert takes Glencore leave of absence to concentrate on ‘protracted Sky takeover’ May 16, 2018 City bigwig Martin Gilbert is taking a leave of absence from the board of mining giant Glencore as he concentrates on another one of his heavy-hitting roles – as deputy chair of takeover target Sky. The co-chief executive of Standard Life Aberdeen will be replaced as Glencore’s audit and remuneration committee chair by Patrice Merrin. [...]
The Russian rouble (RUB) is falling further as pressures mount over US sanctions and Syria April 11, 2018 The Russian rouble fell for a third day today as the fallout from new US sanctions continued to heap pressure on Russian companies and markets. After dropping around eight per cent since the start of the week, the rouble shed nearly a further three per cent this afternoon, with one dollar buying 65 roubles at [...]
Double t-rouble: Russian currency hammered as markets reel from souring relations with West over Skripal poisoning and Syria chemical attack April 11, 2018 The Russian rouble took another dive yesterday to hit its lowest point in over a year after a fresh round of US sanctions on individuals close to Russian President Vladimir Putin rattled markets. The rouble fell nearly four per cent against the US dollar, with one dollar buying 63.9 roubles at its peak, following on [...]
Glencore boss Ivan Glasenberg resigns from Rusal’s board amid Russia sanctions April 10, 2018 The chief executive of commodities giant Glencore has stepped down from the board of sanctions-hit aluminium producer Rusal. Ivan Glasenberg resigned from his position as a director of the world’s top aluminium producer after its share price halved yesterday due to a fresh round of US sanctions that targeted Russian oligarchs including Oleg Deripaska, who [...]
London’s financial system needs to be better prepared ahead of Brexit March 21, 2018 The UK’s biggest challenge for our negotiations as we leave the European Union is to ensure that our economy is intact and properly prepared for the future. The City of London has an important role to play in helping to create a sustainable economy and the Brexit decision certainly presents some serious challenges. A solution [...]
FTSE roundup: Easyjet soars while housebuilders (Berkeley) temper blue chip index gains March 16, 2018 The FTSE 100 index has ended the day up 0.34 per cent, as Easyjet continued to climb after directors scooped up shares earlier this week. However the FTSE 100’s close, at 7,164 points, was substantially lower than last Friday’s close of 7224 points. BP helped to nudge the blue chip index up during the day, [...]
Rihanna roils markets as China bags a key element March 16, 2018 Garry White, chief investment commentator, looks at the market moving events that have shaped the UK equity markets this week (March 12 to March 16, 2018). This week, Barbadian singing sensation Rihanna managed to wipe $1bn off the valuation of tech group Snap, the Chinese secured a major cobalt deal to help it produce electric [...]
Anglo American, Glencore and Antofagasta share prices rise on better than expected data from China March 14, 2018 Mining stocks were boosted today after better than expected economic data from China was announced. Anglo American (up 3.21 per cent), Antofagasta (up 3.11 per cent) and Glencore (up 2.06 per cent) were some of the top risers on the blue-chip index after the price of base metals lifted following strong industrial production data from [...]
Markets wrap: FTSE 100 falls as bond yields jump, sterling falls agains the US dollar (GBPUSD) and bitcoin (BTC) swings February 2, 2018 The FTSE 100 today fell to its worst weekly performance since the summer in spite of the weaker pound – usually a boon to big multinationals with big dollar earnings. London’s blue-chip index lost more than 0.6 per cent to reach 7,443.43 points, its lowest close since 14 December to cap a week in which [...]
The FTSE 100 closed at a record high topping 7,600 December 21, 2017 There was plenty of Christmas cheer in the City today as Britain’s blue-chip index rose to an all-time high. The FTSE 100 rose above 7,600 points for the first time, closing up 1.1 per cent at 7,603.98. “The FTSE 100 has rallied strongly today moving above its previous record peak set back in June to [...]