magazine archive


magazine archive

Big News

Sirius Minerals’ shareholders need to make a big decision

Thursday 19 Sep 2019

Potash miner Sirius Minerals ( SXX ) has stunned the market after being forced to cancel plans to raise $500m through a bond sale, meaning there is now great uncertainty over the future of its polyhalite mine in North Yorkshire. Its shares halved on the news (17 Sep) to 4.92p. A stock popular with...

Why the sharp jump in the oil price matter to investors

Thursday 19 Sep 2019

You may soon be counting the cost of actions thousands of miles away when you fill your car at the pump and the surge in oil prices has significant implications for markets too. The drone attack on Saudi Arabia’s Abqaiq and Khurais processing plants knocked out half the country’s production...

Why the blockbuster London Stock Exchange bid may not be over

Thursday 19 Sep 2019

All eyes in the finance world have been on London Stock Exchange (LSEG) after it rejected a blockbuster £32bn takeover bid from the Hong Kong stock exchange operator HKEX. The offer, which London Stock Exchange described as ‘unsolicited’, ‘highly conditional’ and containing ‘fundamental flaws’, has...

European airline sector is not grounded, says broker

Thursday 12 Sep 2019

British Airways reached 100 years old at the end of last month, but its centenary celebrations haven’t exactly gone to plan. A two-day pilots’ strike this week, combined with stranded passengers and recent IT failures, as well as a data breach, has whacked the airline’s reputation. Shares in its...

Weighing up the future for Centrica

Thursday 12 Sep 2019

Britain’s biggest energy company Centrica ( CNA ) has been through a rough few years, culminating on 30 July when it reported a 49% fall in operating profit, slashed its dividend by more than half, announced plans to exit its oil and gas business and said that chief executive Iain Conn would leave...

Woodford may gauge how many investors want to sell out

Thursday 12 Sep 2019

Investors with money stuck in Woodford Equity Income Fund (BLRZQ73) may be able to place an order to sell up to two weeks before the official reopening date earmarked for December. Shares understands that Link Fund Solutions, the fund’s administrator, is considering a 14 day period in which...

Shares in banks hit by last-minute dash for PPI claims

Thursday 12 Sep 2019

Investors holding shares in the banking sector have been dealt another blow after a last-minute rush of compensation claims for mis-sold payment protection insurance (PPI). This has pulled down shares in the sector and raised concerns that UK banks may not be able to afford such generous dividends...

Another slump in the pound puts spotlight on overseas-focused funds

Thursday 05 Sep 2019

Growing political uncertainty and a slew of poor economic data saw the UK pound fall to two-year lows below $1.20 early on 3 September. The pound also fell below the €1.10 level once more ahead of a House of Commons vote that could see a no-deal Brexit outlawed by MPs. It also followed the worst...

What Ferguson’s demerger means for UK investors

Thursday 05 Sep 2019

FTSE 100 plumbing and heating supplies firm Ferguson ( FERG ) plans to demerge its UK business, which trades under the old Wolseley banner, and make it an independently-listed company. The UK business made up just 12% of turnover and less than 5% of trading profits in the year to 31 July 2018, with...

Fund managers must state if they provide value for money or not

Thursday 05 Sep 2019

New rules forcing asset managers to prove their investment funds are providing value to investors are set to be introduced at the end of this month. From 30 September, fund managers will have to start publishing ‘assessment of value’ reports, which detail their quality of service, performance,...

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