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Stockmarket News
Fear of rising rates has caused stock markets to fall.
The FTSE 100 fell to its lowest level in eight months and Gilt yields reached a record high of 15 years as investors feared that interest rates would continue to rise.
The yields on UK 10-year government bonds, a key economic indicator,…
European stocks rise as investors turn to property shares
European stocks closed higher Tuesday, as traders refocused on real estate and awaited the economic data which will determine next policy decisions by global central banks.
Investors snapped up shares in Swedish property companies, which…
As the crisis worsens, the UK government is considering nationalising Thames Water.
Investors and the government are preparing for a possible collapse of Thames Water, which is heavily indebted.
The contingency plan was announced on Wednesday, a day following the sudden departure of Thames Water CEO Sarah Bentley.…
CAB Payments to float in London at a valuation of £850m
After announcing that it aimed to achieve a valuation of around £850 million through a flotation, a cross-border payments company moved closer to listing on the London Stock Exchange.
CAB Payments announced on Tuesday its intention to…
Ocado shares surge over Amazon bid speculation
Stocks of British online grocery retailer Ocado soared by 32 percent on Thursday, following rumours it could be the target of an Amazon bid.
Stocks of the UK firm, which have fallen since they reached a record during the boom in online…
Short bets on US stocks hit $1 Trillion – the highest since April 2022
Even as the paper losses on positions exceed $100 billion, short sellers continue to increase their bets against US stock.
S3 Partners LLC data shows that the total US short interest or the amount of money traders bet against US stocks,…
The buyback talk ignites Big Tobacco
Few investors in London quit their tobacco stock investments yesterday, despite reports that Big Tobacco was planning to buy back shares in order to boost the share price.
Imperial Brands (owner of L&B, JPS, and Lucky Strike…
CAB Payments celebrates City’s plan to list on the London Stock Exchange
After the shocking decision of WE Soda, a cross-border payment group announced its plans to proceed with a London listing.
CAB payments is a new business that was created from the Crown Agents Bank. The company said they were "pleased"…
US restaurant chain tests appetite to IPOs with Cava Pops
The shares of US restaurant chain Cava nearly doubled in value on their New York debut Thursday. This success could inspire others to follow Cava to the market, and end a long capital raising drought.
According to Dealogic, Cava's Pop…
Seven companies are driving the US stock markets rally
The stock markets of 2023 will not be as they appear.
Pessimists seem to be suffering at first glance. Investors and analysts expected the aggressive rise in interest rates that will occur by 2022 to be a reality. It was widely believed…
Robert Walters warns of recruitment sector’s profits
Robert Walters warned that its profits would be "significantly" lower than expected this year, which led to a steep fall in the value of its stock and those of its competitors.
At the end of the last year, signs were beginning to appear…
S&P 500 closes at its highest level in over a year
US stocks reached their highest level since more than a month on Monday. Investors added to the rally fueled by large tech companies.
S&P 500, the blue-chip index, rose 0.9 percent to close at 4,338.93. This is its highest level…
Chemring orders reach record levels amid rising global tensions
Chemring, a company listed at the London Stock Exchange and one of the last defence firms in Europe, has seen a record-breaking order intake.
In its results for the half year ending April, the company stated that orders would begin to…
Saudi Arabia spends billions in shock merger of PGA Tour LIV Golf
Saudi Arabia will pump billions into the largest professional golf organization in the world to cement a merger between the US-based PGA Tour and its LIV Golf breakaway.
Saudi Arabia's use of state funds funded by oil to fund sports…
The mystery trader’s windfall on the debt ceiling sparks insider concerns
A mystery trader, who was able to predict the move by the US government to approve a 300-mile pipeline of natural gas as part a bill to prevent a Treasury default, surprised almost everyone.
Wall Street analysts expected vague promises…
London is headed for a Brexit showdown. Financial reforms will not stop it from crashing out
Xavier Rolet, former LSE chief, on what went wrong in London
Former boss of London Stock Exchange (LSE), has warned that reforms to boost the market's competition will not be able to save the Square Mile from a perpetual…