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Markets
Amigo, a UK subprime lender, plans to enter the music streaming market
Amigo Holdings, the ailing UK subprime lender currently winding down its business, is in talks over a move into the music and film streaming market in a bid to preserve "some small value" for shareholders.
The company said on Tuesday…
Japan Stock Exchange adopts name-and-shame regime to boost corporate values
Japan's stock market is introducing a radical, new "name and shame" regime in order to improve governance and boost valuations.
The Japan Exchange Group (JEG), which controls both the Tokyo and Osaka stock exchanges, said in March it was…
European companies halt IPO Plans on Market Conditions
Investors' concerns over market conditions are preventing European companies from listing on local stock markets.
Planisware, a French software company, halted on Wednesday its plans to list in Paris. It would have been the biggest…
UK investors withdraw from bond and fixed income funds
The turmoil on the bond markets both in the US and the UK has eroded investor confidence.
The yield on US Treasuries 30-years reached its highest level in 16 years this week, as the markets digested higher interest rates and longer…
Alstom shares fall on cash flow warning
Alstom's shares fell by more than a quarter on Thursday, after the French manufacturer of high-speed rails lowered its forecast of free cash flow. This was due in part to delays in UK customers taking delivery.
The group has warned that…
What the global bond market turmoil means for consumers
Slow motion train wreck will cause a prolonged economic crisis
The global bond market is in turmoil again. Investors have been prompted to sell off as they re-price the risk due to concerns that interest rates may remain high…
Bond markets: The giant asset price crash nobody talks about
We tend to think about house prices, stock market values, fine art, antique furniture, wine, and equities when we consider falling asset value.
How about this asset price crash? When issued less than two year ago, the March 2020…
Bond sales intensify as US long-term yields reach 16-year high
The yield on US Treasuries of 30 years hit its highest level in 16 years on Tuesday as a global sell-off on bond markets sent equities falling and currencies like the yen, rouble and yuan into a tailspin.
The 30-year US yield has reached…
Birkenstock aims for IPO valuation of over $9bn
The German sandal manufacturer Birkenstock will be valued at over $9bn this month in an Initial Public Offering. This is the latest sign that the US market has been reviving after a lack of new listings since 2022.
Birkenstock announced…
London is on the cusp of becoming Europe’s largest stock market, again
The British stock market is on the rise again.
London is set to reclaim the title of Europe's largest equity market from Paris in less than a month, as the rally for French luxury shares falters.
Bloomberg's index shows that the combined…
Oil prices are surging and the stock market is poised to experience its worst decline in two years.
Buyers are being tempted back to the property market by the biggest discounts on house prices in four years.
Homes are being sold for 4.2pc, or £12,125, below the asking price on average, according to Zoopla, a property website.
In…
The European bond market is hit by Italy’s plan to increase borrowing
Investors were alarmed by Italy's bigger than expected budget deficit, and growing concerns that central banks would keep interest rates high indefinitely.
The yields on Italian 10-year government bonds rose by 0.17 percentage points, to…
UK Bonds Lead Global Selloff As Higher-for-Longer Bets Sink in
Investors around the globe are adjusting to the prospect of an extended period of tight monetary policies.
On a closing basis, the yield on gilts of 10 years rose by 20 basis points on Thursday to 4.56%. This was the biggest daily increase…
Crude rises to $96 per barrel amid US stockpiles concerns
The price of oil soared by nearly 3 percent to a new 10-month high, reaching $100 per barrel on Wednesday. Lower than expected US stocks added to the concerns over tighter global crude supplies.
Brent crude, the international benchmark,…
Investors sell US Treasuries as they fret about a long period of high interest rates
The dollar rose on Monday, as investors took their cues directly from the central banks and prepared themselves for a long period of high US rates.
The yield of the benchmark 10-year US Treasuries increased by 0.10 percentage points,…
Global trade drops at the fastest rate since pandemic
According to figures closely monitored, the world trade volume fell at its fastest annual rate in almost three years during July. This indicates that rising interest rates is beginning to affect global demands for goods.
Trade Volumes…
Hedge funds unwind their bets on gilts
Hedge funds have been rushing to unwind bets against Britain's £2.5tn government bond market as investors become increasingly convinced that the Bank of England is nearing the end of its rate rising campaign.
The total value of the UK's…
Martin Sorrell’s S4 Capital plunges after warnings of declining revenues
S4 Capital, Sir Martin Sorrell's advertising group, lost a quarter of its market value on Monday after the latest of a series warnings about revenues and profits.
After a slower summer than expected, the group predicted that revenues…