magazine archive
magazine archive
News
Cordiant Digital first of new breed of investment trust to IPO
Thursday 18 Feb 2021Investor appetite for all things digital and technology related has started to become apparent as a new breed of investment trust has launched on the London market. The UK’s first digital infrastructure investment trust, Cordiant Digital Infrastructure ( CORD ) , floated this week after raising £...
Coupang targeting $50 billion IPO
Thursday 18 Feb 2021SoftBank-backed Coupang has filed to go public in the US, with reports suggesting the South Korean e-commerce giant is aiming for a valuation of around $50 billion as it aims to tap into voracious investor appetite for high-growth tech stocks. This would make Coupang the biggest IPO in New York by...
Oil surge helps revive Shell after strategy concerns
Thursday 18 Feb 2021New threats to supply and recovery hopes pegged on vaccine roll-outs and US stimulus are helping oil prices extend their stunning start to 2021. As we write this is contributing to big gains for the FTSE 100 thanks to the heavyweight status of BP ( BP. ) and Royal Dutch Shell ( RDSB ) on the index...
Vaccine optimism builds as firms seek clear Covid-19 exit plan
Thursday 18 Feb 2021The UK government hitting its target to vaccinate all vulnerable groups by 15 February and the virus replication rate falling below one is helping the market get very excited about the prospect of the economy being unlocked as ‘reopening trades’ in the travel and leisure sector regain their...
Global stocks see largest ever week of buying
Thursday 18 Feb 2021The opening week of February saw the largest ever weekly inflow of cash into global shares, according to Bank of America’s global research team, as well as the largest ever inflow into technology stocks. Of the total inflow of $58.1 billion into equities, some $25.1 billion or close to half flowed...
The UK stocks riding the latest bitcoin surge
Thursday 11 Feb 2021In the few short weeks of 2021 to date a theme of unconventionality seems to be taking hold in the markets. No sooner had the Reddit-inspired short squeeze briefly added billions to the value of some beaten down US companies, cryptocurrency bitcoin is mounting another charge as it races towards the...
Six potential takeover targets as M&A heats up
Thursday 11 Feb 2021UK firms have been subject to around £28 billion of mergers and acquisitions deals so far in 2021, the highest level since 2009 according to data from Dealogic. Investors are now trying to work out which UK stocks could be next. Temporary power supplier Aggreko ( AGK ) surged 38% on 5 February...
World index hits new all-time high on US stimulus hopes
Thursday 11 Feb 2021With markets approaching the one-year anniversary of their pre-Covid-highs, it might seem surprising that the MSCI All Countries World index, the benchmark most used by global funds, is hitting new all-time highs. Thanks to unprecedented monetary and fiscal stimulus by the world’s central banks,...
The factors behind gushing oil prices and what could set them back
Thursday 11 Feb 2021The oil price is making a big comeback. On 9 February the Brent crude benchmark marked its seventh straight session of gains – its best winning streak since January 2019 – as it returned to pre-pandemic levels above $60 per barrel. Investment bank Goldman Sachs, one of the first to pitch $100 per...
Travel stocks could slump if summer holiday surge doesn’t happen
Thursday 11 Feb 2021Almost since the pandemic began both holidaymakers and travel companies circled summer 2021 as the period when we could finally get away again, but recent booking trends reported by some firms suggest that could be in doubt. Any hit to demand this summer, the crucial trading period for travel firms...