Latest News
Telefonica SA's 2017 dividend eyed by wary futures traders
Telefonica SA's dividend is being eyed by wary futures traders who see the Spanish teleco potentially cutting its payment in a bid to bolster its credit rating.
FTSE 250 movers: house builders in focus as mid caps sour
FTSE 250 stocks ended on a sour note with residential property-linked stocks figuring prominently among the fallers as UK construction data disappointed.
FX round-up: Sterling cautious as Farage quits and markets mull Article 50
Sterling turned in cautious performances on major crosses as investors continued to mull the financial and economic implications of the non-binding Brexit referendum, while UK politics remained in a muddle.
Commodities: Silver futures top $21/oz. for first time since 2014
Commodities registered broad gains with silver futures in focus as they topped the $21/oz. mark for the first time in two years.
UK GDP loss could reach 4.5% by 2019, IMF´s Lagarde reportedly says
IMF Managing Director Christine Lagarde reportedly said UK gross domestic product could be anywhere between 1. 5 and 4. 5 percentage points lower by 2019 than would have been the case had it remained within the European Union, CNBC reported.
Rio Tinto sells coal mine for A$1 as industry struggles
Mining giant Rio Tinto sold its interest in a coal mine in Australia for A$1 as the commodity market continues to struggle.
Free movement of people should not be negotiated, says Liam Fox
The free movement of people should not be part of Brexit negotiations about a trade deal with the European Union, according to a candidate for prime minster on Monday.
Iliad chosen for talks to buy Italy mobile assets - Bloomberg
The Italian phone market could have a new player as Iliad SA has emerged as a possible buyer of wireless assets in the country, as Hutchison Holdings and VimpelCom attempt to gain approval for a merger by selling unnecessary assets.
Europe close: Italian banks weigh, Basic Resources jump on stimulus hopes
European stocks fell on Monday amid low trading volumes due to the US Independence Day holiday, as investors continued to mull over the implications of Britain’s decision to leave the European Union and fretted about Italy´s banking sector.
Bonds: Gilts advance amid poor data, Italian bank jitters
These were the movements in the most widely-followed 10-year sovereign bond yields:.
Small caps news round-up
Telematics and data provider Trakm8 Holdings has hiked its full-year pre-tax profit forecasts and confirmed two initial contract wins with global insurance company Allianz. Trakm8 posted a 76% surge in pre-tax profit to £3. 0m, from a profit of £1. 7m. Dividend per share rose to 2p, from nil. Revenue firmed to £25. 65m, from £17. 85m.
London close: Stocks fall as Brexit fears drag on sentiment
UK equities closed lower on Monday as worries about the fallout of Brexit continue to weigh on sentiment.
Ryanair cancels 102 flights due to French strikes
Ryanair has cancelled 102 flights on Tuesday due to air traffic control (ATC) strikes in France, the airline said on Monday.
Jeremy Corbyn posts defiant video on Twitter appealing for unity
Jeremy Corbyn seems to be going nowhere for now. The Labour leader released a video through his Twitter account on Monday with a defiant call for togetherness for all his party's members.
Riche Bright becomes wholly-owned Alpha Returns shell
Asia-focused investment company Alpha Returns announced on Monday that its 70%-owned joint venture Riche Bright Group has repurchased its own shares from its 30% minority shareholders for cash at attributable net asset value, turning Riche Bright into a wholly-owned subsidiary available for use as an intermediate bare holding company for future investments.
Miners and defensives pace gains
Miners were doing best among the main market groups, with some market commentary referencing the boost to commodity prices from heightened expectations for further monetary stimulus from several of the world´s main central banks, while the Federal Reserve could be expected to stay on the sidelines for longer.
Results round-up
Telematics and data provider Trakm8 Holdings has hiked its full-year pre-tax profit and confirmed two initial contract wins with global insurance company Allianz.
Angela Eagle says she will run against Corbyn if he doesn't quit
Labour’s Angela Eagle on Monday said she would run against Jeremy Corbyn as leader of the party if he refused to step down.
Fixed-income, global equity funds popular post Brexit
Fixed-income and global equity funds are enjoying an uptick in money inflows in the wake of UK's non-binding Brexit referendum, which sent jitters racing through investment community both before and since polling day.
FTSE 100 movers: Miners shine but REITs slump on Brexit-fuelled downgrade
London’s FTSE 100 was down 0. 8% to 6,527. 02 in afternoon trading as investors continued to mull over the implications of Brexit.