FTSE 100 reshuffle: The five stocks at risk of falling out of London’s blue-chip list March 2, 2020 Supermarket chain Morrisons, B&Q owner Kingfisher and travel agent Tui are among the companies at risk as the FTSE braces for a reshuffle this week. The next quarterly shake-up is due to be announced on Wednesday, based on closing prices tomorrow. NMC Health, which is facing a probe into its finances by the City watchdog [...]
Coronavirus: the investment impact in seven charts February 28, 2020 | City Talk The spread of coronavirus, COVID-19, beyond China has created fresh uncertainty for the global growth outlook and sparked volatility in financial markets. Outbreaks in South Korea, Iran and Italy have raised concerns that the spread outside of China may be accelerating. We offer key facts on the spread of the virus, interspersed with views from [...]
Shares in crisis-hit NMC Health suspended February 27, 2020 Trading in NMC Health shares has been suspended this morning after the embattled hospital operator fired its chief executive and revealed $335m (£259m) of secret guarantees benefitting companies owned by two of its major shareholders. In addition to sacking boss Prasanth Manghat, leaving it with no executive board members, the company has also granted its [...]
Ailing NMC Health shares have further to fall, says analyst February 24, 2020 An analyst who was one of the first to predict a slump in NMC Health’s share price has slashed the embattled hospital operator’s target price, saying the stock could fall a lot further. Jefferies’ James Vane-Tempest cut his target price for the NMC Health from 1,300p to 500p, 42 per cent below Friday’s closing price. [...]
FTSE 100 climbs back after Apple’s coronavirus blow February 19, 2020 The FTSE 100 staged a recovery from yesterday’s two-week low today as traders welcomed a smaller increase in the number of new coronavirus cases. The number of Covid-19 cases rose to 75,000 today but China reported a second consecutive low number of new infections at 1,749. The death toll also climbed to 2,004 but the [...]
NMC Health shares tumble on double downgrade from Societe Generale February 13, 2020 Shares in NMC Health fell as much as 11 per cent on Thursday after the embattled hospital operator was hit with a double rating downgrade from Societe Generale. Analysts at the French bank slashed NMC’s price target by 85 per cent, saying that confidence in the company, the biggest healthcare operator in the United Arab [...]
KKR denies approaching embattled NMC Health on possible offer February 11, 2020 KKR has ruled out a possible takeover of NMC Health, one day after the embattled FTSE 100 hospital operator said it had been approached by the US investment firm. NMC Health said yesterday that it had received approaches regarding potential takeover offers from KKR and GK Investment Holding, but KKR this morning denied making an [...]
FTSE 100 opens higher after US and Asian markets rise February 11, 2020 The FTSE 100 index has opened higher this morning, taking its cue from positive performances from US and Asian markets as investors shrug off coronavirus fears, despite the death toll from the outbreak passing 1,000. Britain’s blue-chip index climbed as much as 1.02 per cent after the open on Tuesday, following positive impetus from Monday’s [...]
Could the coronavirus derail the global recovery? January 28, 2020 | City Talk Concerns over the spread of the coronavirus are escalating as the death toll has jumped to 81 with 2,744 confirmed cases worldwide (as at 11:00 GMT, 27 January). Travel restrictions on about 40 million people around Wuhan, in the Hubei province of China, have been introduced in an effort to contain the outbreak. However, cases [...]
FTSE 100 ‘in panic mode’ as coronavirus fears push it into red January 27, 2020 FTSE 100 stocks have fallen deep into the red today as fears rise over the spread of coronavirus, which has now claimed 81 lives in China. Britain’s blue-chip index was down 2.3 per cent by 2pm at 7,412 as hoteliers, airlines and luxury goods firms with links to China suffered. As the death toll mounted, [...]