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Stockmarket
UK Investors Dump £1 Billion Sterling from Funds Ahead of Budget Tax Changes
British investors withdrew nearly £1 billion from UK-focused stock funds in October, acting pre-emptively to avoid increased capital gains tax rates announced in Rachel Reeves' autumn budget.
Data from Calastone, the world's largest…
Tech Stocks Tumble as Wall Street Suffers Worst Daily Performance Since September
US stocks surrendered their October gains as a significant tech sell-off triggered Wall Street's most substantial daily decline in nearly two months. The S&P 500 fell 1.9 per cent whilst the tech-heavy Nasdaq Composite plummeted 2.8 per…
Only two companies float on the London Stock Exchange during this dry summer
Only two companies listed on the London Stock Exchange in the third quarter. The total raised was £64.8m, an 82 percent drop from the same time last year.
EY, an accountancy firm, reports that there were only ten listings this year. They…
After takeover, Centamin will leave the London Stock Exchange
Centamin will become the latest mining firm to leave London's stock exchange after agreeing to be taken over by an American competitor.
The group has recommended that AngloGold Ashanti pay $2.5 billion in cash and shares to gain control…
Klarna Slashes Workforce by 1000 as AI Adoption Surges
Klarna, the prominent buy now, pay later lender, has significantly reduced its workforce by more than 1,000 employees, largely due to the integration of artificial intelligence (AI) into its operations. The Stockholm-based fintech giant,…
Nvidias Quarterly Earnings Set to Move Markets as AI Chip Demand Soars
Nvidia, the artificial intelligence chip designer, is expected to announce a remarkable doubling of sales year-on-year when it reports its highly anticipated quarterly earnings tonight. Analysts forecast sales of $28.6 billion for the…
Londons Junior Market Suffers Fresh Blow as Biotech Firm Exits
The Alternative Investment Market (AIM) in London has faced another setback with the announcement from Reneuron, a biotechnology company, regarding its departure from the junior stock exchange. Once valued at over £500 million, Reneuron has…
Nvidias Earnings Report Set to Reveal Impact of AI Chip Boom Amidst Blackwell Delay
Nvidia, the US chipmaker, is poised to announce its quarterly sales have more than doubled on Wednesday, even as year-on-year growth slows. Wall Street anxiously awaits what has become one of the most closely watched earnings reports in the…
Gold Prices Soar to Record High as Standard Bar Reaches 1 Million USD
The price of gold has reached a new all-time high, with spot gold surpassing $2,525 per ounce this morning. This unprecedented increase has surged in value, meaning that a standard bar of gold is now worth more than a staggering $1 million.…
Caxton Associates Hedge Fund Gains 270 Million Dollars Amid Market Volatility
Caxton Associates, one of the City's prominent hedge funds, has reportedly amassed gains of approximately $270 million this month following successful trades made during recent financial market turbulence. The London-based macro fund, which…
Bellway Abandons Crest Nicholson Takeover at the Eleventh Hour
In a surprising turn of events, Bellway has decided to abandon its £720 million takeover bid for Crest Nicholson, just as the deal seemed poised for completion. After two months of negotiations, Bellway confirmed it would not proceed with…
Chinas Economic Woes Pose Greater Threat to Global Markets than US Recession Fears
As financial markets fixate on the specter of a potential US recession, they may be overlooking more significant threats to global economic stability. While the US economy shows resilience, with unemployment rising from historically low…
Reeves Considers Capital Gains Tax Hike as UK Faces 22bn Shortfall
As Chancellor Rachel Reeves grapples with a £22 billion shortfall in public finances for the 2024-25 fiscal year, speculation is mounting that she may turn to capital gains tax (CGT) to bridge the gap. With limited options available due to…
TP ICAP Mulls New York Listing for Parameta Solutions, Dealing a Blow to the London Stock Exchange
In a move that could further dampen the appeal of the London Stock Exchange, TP ICAP, the City's top inter-dealer broker, has revealed that it is considering listing its data business, Parameta Solutions, in the United States. This…
Hargreaves Lansdown Agrees to £5.4 Billion Takeover by Private Equity Consortium
In a significant development in the UK's financial sector, Hargreaves Lansdown, the country's largest DIY investment platform, has agreed to a £5.4 billion takeover by a consortium of private equity firms. The deal, which is expected to end…
Warren Buffett’s Berkshire Hathaway Sells Significant Apple Stake, Increases Cash Reserves
In a surprising move, Warren Buffett's Berkshire Hathaway has sold off a substantial portion of its Apple shares and bolstered its cash holdings, raising questions about the company's outlook on the US economy. The conglomerate's cash…
Analyzing Pennpetro’s Recent Surge: A Charting Perspective
In this analysis, we delve into the recent performance of Pennpetro following its significant royalty deal. With shares experiencing notable growth, we explore the factors influencing this momentum and potential future targets.…
Chip stocks fall as Trump’s comments ruffle investors
Semiconductor stock prices fell on Wednesday, after Donald Trump, the former US President said that Taiwan should be responsible for its own defense and reported reports suggested that the US may consider tighter restrictions regarding…