DS Smith weak as it holds off from reinstating dividend payments as full-year results dip

DS Smith weak as it holds off from reinstating dividend payments as full-year results dip

DS Smith PLC (LON:SMDS) shares retreated on Thursday as the packaging giant said that although the coronavirus (COVID-19) pandemic has had little impact on its business it is expecting some short-term disruption and is holding off from reinstating dividend payments. In its results statement covering the full-year to …

Oil demand to take two years to recover suggests Goldman Sachs

Oil demand to take two years to recover suggests Goldman Sachs

Goldman Sachs said it does not expect demand for oil to return to is pre-coronavirus levels for two years as air travel will remain subdued by infection fears. Demand is expected to fall by 8% this year, before rebounding 6% in 2021 and fully recovering to pre-pandemic levels …

Today’s Market View – IronRidge Resources, Tietto Minerals, Renascor and more…

Today’s Market View – IronRidge Resources, Tietto Minerals, Renascor and more…

SP Angel . Morning View . Friday 02 07 20 Copper prices continue to rise as COVID hits Codelco and other mines in Chile IronRidge Resources* (LON:IRR) – Drill target at Yakasse Tietto Minerals (ASX:TIE) – Recent drilling intersects mineralisation 150m below …

Royal Mail’s improved trade union relationship gets big shrug from investors and analysts

Royal Mail’s improved trade union relationship gets big shrug from investors and analysts

Royal Mail PLC (LON:RMG) shares were little moved on Thursday as analysts and investors shrugged off a conciliatory announcement statement from the company that was met with a supportive response from its main trade union. The postal group’s board assured Parcelforce’s role in the group and committed to …

Auto Trader downgraded to ‘hold’ by Liberum but upgraded to ‘add’ by Peel Hunt on recovery outlook

Auto Trader downgraded to ‘hold’ by Liberum but upgraded to ‘add’ by Peel Hunt on recovery outlook

Auto Trader Group plc (LON:AUTO) has been downgraded to ‘hold’ by Liberum Capital, but upgraded to ‘add’ by Peel Hunt, with both brokers previously having ‘buy’ recommendations on the stock. The analysts at Liberum said they see a “murky” outlook for the current financial year, with car retailers …

Pan African Resources establishes sponsored Level -1 ADR programme on the US over-the-counter market

Pan African Resources establishes sponsored Level -1 ADR programme on the US over-the-counter market

Pan African Resources plc (LON:PAF) shares rose on Thursday as the firm told shareholders that it has established a sponsored Level -1 ADR programme from today on the over-the-counter market in the United States. It said Bank of New York Mellon has been appointed as the Depository, with …

FTSE 100 gains altitude, with airline stocks wanted on easing of air travel restrictions

FTSE 100 gains altitude, with airline stocks wanted on easing of air travel restrictions

FTSE 100 index adds 53 points IAG the top blue-chip riser Aerospace stocks wanted as government plans loosening of air travel restrictions A tinge of nervousness seems to be apparent in London ahead of the release of the US jobs figures at 1.30pm. The FTSE 100 has come …

VSA Capital Market Movers – Prime Mining

VSA Capital Market Movers – Prime Mining

VSA Morning Miner, 02/07/20 Prime Mining (CVE:PRYM) Prime Mining (CVE:PRYM) has announced its first positive fieldwork results following the recent fundraise with wide and high grade trenching results. Surface exploration and trenching is proving to be a reliable indicator for the company as it seeks to …

Invest in the green economy and we’ll recover from the Covid-19 crisis | Joseph Stiglitz

Invest in the green economy and we’ll recover from the Covid-19 crisis | Joseph Stiglitz

Although it seems like ancient history, it hasn’t been that long since economies around the world began to close down in response to the Covid-19 pandemic. Early in the crisis, most people anticipated a quick V-shaped recovery, on the assumption that the economy merely needed a short timeout. After two …

GVC rises as it backs review of UK gambling laws

GVC rises as it backs review of UK gambling laws

GVC Holdings PLC (LON:GVC) has supported a review of the UK’s gambling laws, although the Ladbrokes Coral owner added that it is “concerned” around a lack of public awareness about existing tools to control problem gambling among customers. A report published by the House of Lords Gambling Industry …