Euro under pressure as US dollar heads for 10th day of gains November 18, 2016 The euro is heading for its 10th day of declines against the US dollar due to positive data following Donald Trump's win in the race to the White House. At time of writing, the euro was down 0.2 per cent against the dollar at $1.0604. The currency is on its longest run of losses since [...]
Spot gold prices fall to five-and-a-half-month low and edge closer to $1,200 an ounce following US interest rake hike hints November 18, 2016 The price of gold fell to a more than five-month low again this morning, edging closer towards $1,200 an ounce, as US interest rate hints led the dollar to rise against most major currencies. Spot gold prices fell by around one per cent to below $1,205 an ounce this morning, before a slight rebound that took [...]
Not selling itself short: SVG Capital puts the first tranche of its shares up for sale November 17, 2016 The starting gun was today fired on the winding-up of SVG Capital (SVG) following a tumultuous couple of months late this summer. Investors will be able to sell up to £350m of the company's shares from today, priced at 715p each. The offer will be open until 15 December and is part of a series of tender offers that [...]
The fourth emergency service’s shares head northwards after debt refinancing announcement November 17, 2016 Motoring group the AA today announced plans for a balance sheet shake-up in the hope of cutting some of its hefty interest costs. Shares in the company jumped over two per cent after it revealed plans to refinance hundreds of millions of pounds of its corporate debt pile, a move the AA said would save the company £8m [...]
Premier Oil share price rises as it announces refinancing plans are nearing completion November 17, 2016 Premier Oil's share price rose slightly this morning after the group announced that it's in the final stages of talks on its refinancing, and said it is on track to meet production guidance for the year. The stock was up 0.73 per cent in late morning trading. The company said it would reach its production [...]
How far will Trump’s war on climate change go? November 17, 2016 In a world of post-truth democracy, it is fitting that President-elect Donald Trump's new director of the Centre for Energy and Environment “is not a climate scientist. I'm just… the informed layman.” It would be truly fascinating and terrifying to take a peek at what Myron Ebell is reading. On the one hand, he believes [...]
Junior market to get a makeover: London cosmetics firm plans Aim float November 17, 2016 The London Stock Exchange’s junior market is set for a makeover this month. Warpaint London, a cosmetics business, has announced plans to float on the Alternative Investment Market (Aim). Founded in 1992, the company’s flagship brand is W7, which was launched in 2002 and named after its founding postcode in west London. Read more: From [...]
US crude stockpiles shake oil markets again as reported weekly build sends Brent and West Texas Intermediate prices down November 16, 2016 Oil prices edged lower today after another week of expectation-busting rises in US crude stockpiles. Global benchmark Brent crude shed 1.2 per cent, or 56 cents, to trade at $46.39 a barrel this afternoon, while US sweet crude lost 1.4 per cent, or 65 cents, at $45.16 a barrel. Weekly US crude oil inventories surged by [...]
The dollar just reached its highest level since 2003 November 16, 2016 The US dollar has reached its highest level since 2003, as continued concern about the impacts of President-elect Donald Trump’s new era of fiscal policy pushed it over a previous high point in December of last year. The index measuring the dollar against multiple currencies today rose to 100.53 at around midday, before falling back slightly [...]
From crowdfunding to IPO in 16 months: Edinburgh tech company claims UK first with Aim flotation November 16, 2016 The London Stock Exchange’s junior market today welcomed its first company with roots in equity crowdfunding. Edinburgh-based tech company Freeagent Holdings began trading on the Alternative Investment Market (Aim) this morning, with the float raising £10.7m and valuing the company at £34.1m. Freeagent, a cloud-based software-as-a-service accounting software company, is believed to be the first [...]