FTSE 100 down 112 points Oil prices hit Royal Dutch Shell, BP US stocks sink 2.45pm: Wall Street opens in the red The main indices on Wall Street tumbled at the opening bell on Friday as investors were spooked by talk of interest rate hikes and worries about inflation. In the early …
Continue reading “FTSE 100 dives by over 100 points; Wall Street slides at the opening bell”
PageGroup PLC (LON:PAGE) and Hays PLC (LON:HAS) are in favour at Jefferies on “increasing evidence that strong white-collar momentum has persisted”. Forecasts for both recruiters were moved to the top of the broker’s range ahead of their second-quarter results in early July. Analysts at the investment bank said their forecasts are 19% above …
Continue reading “Recruiters Hays and Page in favour as white collar activity revives”
VR Education Holdings PLC (LON:VRE) slipped 13% to 16.75p after tapping the market for £7.7mln. The virtual reality technology company placed 48mln new shares at 16p a pop, representing 20% of its issued ordinary share capital. The proceeds will be used to boost investment its ENGAGE platform, which is used …
Continue reading “VR Education slips after completing discounted placing”
On Wednesday, it was announced that BitDAO, a Decentralised Autonomous Organisation (DAO) aimed at promoting the “mass adoption of open finance and decentralised tokenised economy” had raised US$230mln in a private sale involving hedge fund Pantera Capital as well as PayPal co-founder Peter Thiel. BitDAO said it will “put its …
Challenger Energy Group Challenger Energy has provided an update on the progress of the Saffron-2 appraisal well, targeting the Upper, Middle and Lower Cruse reservoirs with an expectation (based upon the Saffron-1 discovery well) of production rates in the range of 200 – 300 bopd. Initial third-party petrophysical analysis of …
Tesco PLC (LON:TSCO) shares stumbled as the grocery giant flagged up potential delivery problems due to a shortage of truck drivers. Talking to analysts after its first-quarter results, chief executive Ken Murphy said it was working hard to address the shortfall, but conceded it might have to pay …
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The Fed is beginning to wake up from its dream. At least to a degree. After having been told for months that inflation doesn’t represent a real danger to the recovery of the US economy, all of a sudden Fed chairman Jay Powell has turned hawkish. Why? …
Continue reading “Gold bull case stronger than ever, as easy addicts at the Fed will never quit”
The coming week is looking like a lighter one in terms of company news, however, there will be a few major names in the diary including blue-chip pharma firm GlaxoSmithKline and housebuilder Berkeley. Meanwhile, the macro calendar is set to be dominated by the latest decision on interest …
Litigation Capital Management funds Carillion creditors’ damages claim against KPMG Litigation Capital Management: What is disputes financing and what drives the market Quick facts: Litigation Capital Management Follow View company profile LCM are an alternative asset manager specialising in disputes financing solutions internationally. Through two business models, direct balance sheet …
FTSE 100 down 107 points Oil prices hit Royal Dutch Shell, BP Mixed open for US indices 1.30pm: Royal Dutch Shell, BP dragged by lower oil prices The FTSE 100 was even lower in the early afternoon and plummeted 107 points to 7,046. Looking at its …
Continue reading “FTSE 100 plunges deeper in the red; Wall Street to see mixed open”
