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Stockmarket News
Stocks tumble and oil reaches $90 as Middle East tensions shake markets
As tensions in the Middle East escalated, oil prices rose to above $90 per barrel. US stocks also fell.
Brent crude and futures both rose by 1.5 percent on Thursday, reaching $90.65 per barrel. This is the highest price since October.…
AstraZeneca shareholders are urged to oppose the pay plan for CEO Soriot
Two influential shareholders advisers have labelled AstraZeneca’s plan to pay CEO Pascal Soriot as much as £18.7mn "excessive". They said his remuneration is already competitive with international peers.
Last month, the drugmaker…
Short sellers flock to Fortnox, a Swedish software company that is on the rise.
Tommy Eklund, Fortnox's CEO, has redefined the technology industry in a way that few other chief executives have.
Eklund turned a Swedish niche accounting software supplier into a stock-market sensation, whose share value has increased…
Shein is close to announcing London IPO reports
Shein will announce in the next few days that the London Stock Exchange is the destination of its initial public offering, according to reports.
This Is Money of the Daily Mail reported that the directors of the Singapore fast-fashion…
Aviva buyback brings shareholder returns up to £9bn
Aviva's boss has intensified her efforts to turn around the insurer. She is implementing a plan that will boost cash returns to investors and increase annual profits by £2 billion within three years.
Amanda Blanc stated that the group is…
Japanese stocks surpass record highs set during 1980s boom
Japan's stock exchange reached its highest level ever, surpassing that of the late 1980s bubble economy and marking a symbolical recovery after 34 years of stagnation.
The Nikkei Average of the top 225 Japanese companies closed on…
Currys’ largest investor warns of UK Stock Market Decline
Currys' top investor cautioned that international companies will start looking closely at London businesses, following a bidding war involving the electronics retailer.
Redwheel, which owns 14.6pc shares in Currys said that it was…
S&P Global close to acquisition of research platform Visible Alpha
S&P Global, a financial data company, is close to acquiring research platform Visible Alpha. The deal values Visible Alpha at over $500 million and includes investment banks Goldman Sachs, Jefferies, and UBS.S&P, best known for its…
Shawbrook owners consider a float to boost London Stock Market
Private equity owners at Shawbrook want to revive their plans to float the bank to boost the London Stock Exchange.
Shawbrook was purchased by BC Partners and Pollen Street Capital in 2017 for £868million.
Private equity firms had…
The Raspberry Pi computer, a British homebrew company, is aiming for a London listing
Raspberry Pi, the computer that got children interested in computing, is now aiming for the top prize
As it prepares to list in London, the hobbyist computer company Raspberry Pi may sell shares to its legion of fans.
Eben Upton is…
Investment group invests in high-yielding stocks
The Association of Investment Companies' website recorded the most searches for City of London Investment Trust last year.
The FTSE 250 firm with a market capitalization of £2 billion took the top spot in the rankings for the second…
The stock market is about to be transformed by big tech
The massive dividends announced by Meta last week, the company which controls Facebook and Whatsapp will buy a lot hoodies and at least generate enough cash for Sir Nick Clegg to think twice about returning to British politics.
Mark…
Flutter, a betting group, proposes to move the UK listing to New York
The gambling group Flutter that owns Paddy Power plans to leave the UK's FTSE 100 Index by moving its primary listing from London to New York. This will be another blow for London's ailing stock market.
The company announced on Monday…
Chinese markets rise on news Beijing may consider £222bn State Rescue Plan
Chinese markets are up after a report that Beijing is scrambling for billions of Yuan to be mobilized from state-owned companies to reverse the recent share decline.
The Hang Seng China Enterprises Index (which tracks Chinese stocks in…
Lottery takeover talks boost gambling stocks
Investors were captivated by the takeover activity that took place across the Channel, which prompted a rally of British gambling stocks.
This takeover was confirmed by Sweden's Kindred Group. The company confirmed that La Francaise des…
The shock rise in inflation has shattered hopes of early rate cuts
After an unexpected increase in inflation, the FTSE 100 dropped by up to 2 percent. This dashed any hopes for an early interest rate cut.
After official data revealed that consumer price growth in December had risen to 4% from 3.9 % the…
Six arrested over suspected plot to disrupt London Stock Exchange Opening
The Metropolitan Police said that police presence in City of London will be increased on Monday, after six pro Palestinian activists were arrested. They are suspected of plotting to disrupt the opening of London Stock Exchange.
The Met…
The tech float cavalry is set to boost London’s stock market
At least three tech companies are looking to float on the London stock exchange.
All three companies, including the computer designer Raspberry Pi and Quantum, a tech and cybersecurity company, as well as ClickASnap - a platform based in…