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Be prepared for a big movement in the oil price
Thursday 22 Oct 2020The price of oil has proved resilient in recent months with the global benchmark Brent Crude still above the $40 per barrel mark it has largely held since the summer. However, the market now faces a key test as producers’ cartel OPEC and Russia announce their next big decision on production quotas...
Regulators on both sides of the pond size up big tech targets
Thursday 15 Oct 2020Some of the world’s largest technology companies are facing attack from both sides of the Atlantic as regulators mull arming themselves with new powers aimed at capping the market dominance of Amazon, Apple, Facebook and Google-owner Alphabet among others. The four tech juggernauts are thought to...
AIM index regains strength and US tech stocks rally again
Thursday 15 Oct 2020While the FTSE 350 and FTSE All-Share indices remain well below all-time highs, the AIM market has been on tear, recovering all the losses suffered during the lockdown-induced sell-off in March. Across the Atlantic the US technology sector-dominated Nasdaq 100 index registered its biggest one-day...
Leisure sector hit by Boris’ latest lockdown restrictions
Thursday 15 Oct 2020In another blow for the hard-pressed leisure sector, Boris Johnson has introduced a new three-tier restrictions framework to combat the spread of coronavirus, notably across the north of England. Noting that wet-led (drinks) establishments are expected to be harder hit than food-led venues, Liberum...
Vodafone could raise stakes in TalkTalk buyout battle
Thursday 15 Oct 2020Don’t rule out more bidders for embattled telecoms services supplier TalkTalk ( TALK ) . Private equity investor Toscafund has made a 97p per share offer for the business, valuing it at £1.1 billion. While the approach implies a rough 16.5% premium to the stock’s 83.3p level before the announcement...
Hipgnosis rival Round Hill Music to float new trust on UK stock market
Thursday 15 Oct 2020FTSE 250 music royalty investor Hipgnosis Songs Fund ( SONG ) is to get another listed rival in mid-November as Round Hill Music plans to float an investment trust on the London Stock Exchange. Both companies generate an income through owning the rights to various songs, collecting royalty payments...
Forget tech, solar and clean energy is the hot sector in 2020
Thursday 15 Oct 2020The big US and Chinese tech stocks aren’t the only ones bouncing back from the Covid-induced market sell-off to record large gains in 2020. A number of funds, exchanged-traded funds (ETFs) and stocks in the renewable energy space have also soared year-to-date. Take US-listed Invesco Solar ETF as an...
How Trump’s Covid-19 diagnosis has impacted stock markets
Thursday 08 Oct 2020US president Donald Trump’s coronavirus diagnosis and three-day stint in hospital dominated headlines and market sentiment. Schroders chief investment officer Johanna Kyrklund says stock markets have a ‘tendency to overreact’ to daily news around elections, while George Lagarias, chief economist at...
The options for Rolls-Royce shareholders as £2 billion rights issue looms
Thursday 08 Oct 2020Shareholders in Rolls-Royce ( RR. ) are being asked if they want to back a £2 billion rights issue aimed at securing the company’s future. The rights issue is fully underwritten by a panel of investment banks, meaning Rolls-Royce is guaranteed to get the full amount even if shareholders don’t take...
What Asda’s sale means for supermarket rivals
Thursday 08 Oct 2020Asda’s takeover by billionaires Mohsin and Zuber Issa and private equity group TDR Capital will have implications for UK rivals including Tesco ( TSCO ) , Sainsbury’s ( SBRY ) , Morrisons ( MRW ) and Marks & Spencer ( MKS ) . US retail titan Walmart has announced the sale of a majority stake in...