London IPO market set for £30bn boost, with Logicor, O2, Misys, TI Fluid Systems, BGL Group and Kuwait Energy weighing up flotations March 12, 2017 London is set to benefit from up to £30bn of flotations in the coming months, with Logicor, O2, and Misys among a number of high-profile companies weighing up initial public offerings (IPOs) in the capital. After a rocky end to 2016, when several deals were pulled due to market uncertainty, 2017 saw a subdued start. [...]
The price of gold has fallen below $1,200 ahead of the Fed’s next decision March 10, 2017 Global commodities are taking a battering this week. After oil prices fell below the critical $50 a barrel point yesterday, gold has now dipped lower than $1,200 an ounce. The safe have asset has fallen 0.57 per cent, or $6.90, to $1,196.30 per ounce for the first time in more than a month. Miners of the yellow metal [...]
Brent crude and WTI oil prices edge up after yesterday’s massive losses March 10, 2017 Oil prices have recovered slightly after their worst slump in more than three months. Brent crude, the global benchmark, was trading at $52.37 a barrel, up 0.34 per cent from the previous close. West Texas Intermediate prices traded 0.43 per cent higher, but still below $50, at $49.49 a barrel. Yesterday, crude prices plummeted more than 2.5 per cent [...]
West Texas Intermediate oil prices are below $50 a barrel March 9, 2017 After sharp losses yesterday, oil prices have continued their biggest downward slump of the year as US benchmark West Texas Intermediate (WTI) dropped below $50 a barrel. WTI is trading more than 2.5 per cent lower today at $48.79 a barrel while global benchmark Brent crude fell to a low of $51.60 a barrel. Yesterday, oil prices posted their sharpest [...]
Google parent Alphabet’s venture arm GV backs London fintech startup Currencycloud in £20m funding round March 9, 2017 Top London fintech startup Currencycloud has attracted Google as an investor in a fresh £20m funding round in a stamp of approval for the sector after Brexit. GV, Alphabet's high-profile venture arm formerly known as Google Ventures, which has backed the likes of Uber and Slack in the past, joins existing investors for the series D [...]
The International Energy Agency says it is inevitable that oil prices will see a massive increase March 8, 2017 Three years of drastic cuts to upstream spending because of the meltdown in oil prices could result in a shortage of oil supply in a few years, according to a new report from the International Energy Agency. When oil prices collapsed in 2014, oil producers quickly took an axe to their spending. Global oil and [...]
European company results are beating analysts’ expectations March 8, 2017 European companies are defying analysts' expectations, according to new data. Fourth quarter revenues of nearly 61 per cent of companies in the Stoxx 600 that have reported to date have exceeded analysts' estimates, according to research from Thomson Reuters. In a typical quarter 53 per cent beat analyst revenue estimates. The Stoxx 600 is an index [...]
Dignity share price drops after growth revision March 8, 2017 Dignity, which provides funeral services, crematoria and pre-arranged funeral plans, saw its share price plunge 13 per cent after it revised down its growth rate. It revised down its medium-term target underlying EPS growth rate to eight per cent per annum from the current 10 per cent. However, Dignity beat analysts’ consensus profit forecasts after [...]
How safe are dividends? March 8, 2017 | City Talk The income paid by stock market companies to investors could be about to come under pressure. The twice yearly payments made to investors can be a vital income supplement for those in retirement. Others reinvest the dividends to boost long-term returns. But research compiled by Schroders shows European and US companies are diverting a high [...]
Paddy Power Betfair is trading neck and neck with analysts’ expectations March 7, 2017 Bookmaker Paddy Power Betfair saw its share price fall despite trading in line with expectations last year, underscoring perceptions that investors expect it to perform more strongly for the stock price. It highlighted an increase in underlying earnings of over a third to £400m as well as a significant dividend payment. The figures Revenues are up [...]