Browsing Category
Stockmarket News
Global Markets Surge as Trump Victory Sparks Historic Trading Rally
Wall Street stocks soared to unprecedented heights whilst investors offloaded bonds as Donald Trump's momentous US election triumph prompted global markets to recalibrate, pricing in an anticipated regime of trade tariffs and tax…
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…
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…
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.…
Oasis is taking a bigger bite out of sandwich maker Greencore
Oasis management, an activist fund, has become Greencore’s largest shareholder. This puts pressure on the UK sandwich manufacturer to accelerate its turnaround plan following years of lax share price performance.
The Hong Kong fund,…
Li Ka-shing’s CK Infrastructure is considering secondary listing in London
Hong Kong's CK Infrastructure Holdings is being controlled by the family that controls the richest man in Hong Kong, Li Ka-shing. The company has been considering a secondary listing at the London Stock Exchange as the UK's reputation as a…
London is now Europe’s biggest equity market, replacing Paris
Investors reacted negatively to the political turmoil in France since Emmanuel Macron announced snap elections.
Bloomberg data shows that the value of Euronext Paris stocks is about $3.13tn, after $258bn has been taken off the market cap…
London Stock Market: ‘Switch has now been flicked’
Peel Hunt's boss predicts a rebound in activity amid a'shift of sentiment'
According to the stockbroker who predicted last year a "doomsday loop" at the exchange, the London stock market is turning a corner.
Steven Fine, the chief…
Ashtead, a FTSE-listed company, is considering a £25bn transfer to the US as a new blow to London
One of Britain's most prominent blue-chip firms is considering a move from London to New York, which would be the biggest blow to the London Stock Exchange yet.
Ashtead is a FTSE 100 company that specializes in plant hire. It is…