Ladbrokes pulls ahead of flagging FTSE
Ladbrokes Coral outperformed a falling London market on Tuesday after Davy said the stock was worth a punt ahead of a UK gambling industry review. Its analysts predicted that, while the government...
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Harley-Davidson shares skid after sales miss
Harley-Davidson shares were among the biggest decliners on the S&P 500 on Tuesday after the maker of motorcycles recorded weak retail bike sales in the first quarter. Shares in the Milwaukee-based...
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China’s capital controls dent inbound investment
China’s restraints on capital outflows have started to discourage inbound investment into the country, the opposite of the intended effect of the measures. Last year, Beijing began cracking down on...
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Renminbi capital controls are lifted as outflows ease
China has scrapped a restriction on cross-border capital movement imposed in January, in what is believed to be the first concrete move to loosen capital controls since authorities began imposing...
View ArticleMoaning Lisa: pension system needs three simple changes
I have been advising in the pensions market for the best part of four decades, during which time I have seen so much constant change it has become far too complicated. It is a shame. I am a fan of the...
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French election opens door to big market reaction
For the third time in less than a year investors face another rendezvous with capricious voters, who may well be leading pollsters astray. After the UK vote for Brexit and the election of Donald...
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Russia embarks on an Arctic enterprise
His fur coat heavy with snow and protecting him from temperatures of minus 18C, Igor Sechin, the chief executive of Russian oil company Rosneft, clutched the radio in his thick gloves and relayed to...
View Article‘Trump trade’ is a sound bite, not an investment strategy
April 19, 2017 by: Vinay Pande and Gerald Lucas The most prominent beneficiary of the so-called “Trump trade” has been equities, with total returns of 10.5 per cent from the S&P 500 and 10 per...
View ArticleFund managers rotate from US to eurozone stocks
Fund managers are buying eurozone equities and shunning Wall Street, as a major survey of global money managers this month revealed the fifth-biggest rotation from US to European stocks since the...
View ArticleIBM sustains 5% hit after sales slide for 20th quarter
IBM shares skidded by the most in almost a year on Wednesday after it posted its 20th straight quarter of sales declines. Big Blue’s stock price had dropped more than 5 per cent to $161.55 going into...
View ArticleRoyal Dutch Shell hits 4-month low
Royal Dutch Shell hit a four-month low on Wednesday after Citigroup said the oil company was still in denial about $50 oil. Annual reports from the oil majors show an industry-wide belief that oil...
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Uber, Grab and Go-Jek in ride-hailing battle in Southeast Asia
Uber may have to step up investment in the Association of Southeast Asian Nations (Asean) in the face of aggressive subsidies and ad spending by local players or risk falling behind, FTCR survey data...
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Oil slides toward $50 after spike in stockpiles
Oil dropped more than $2 a barrel after data showed an unexpected rise in US gasoline stockpiles for the first time since February and US crude production hit its highest level since mid-2015. US...
View ArticleCrest Nicholson chief cashes in
April 21, 2017 by: Jonas Crosland and Harriet Russell, Investors Chronicle Crest Nicholson chief executive Stephen Stone has sold 400,000 shares in the company, raising £2.2m, but shareholders should...
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IFC invests $325m in EM green bond fund
The International Finance Corporation, the private-sector arm of the World Bank, is to invest $325m in a new green bond fund designed to support the financing of environmentally friendly projects in...
View ArticleGeneral election: Len McCluskey wins Unite leadership election – politics live
It has been a very close count and the ballot sends some very serious messages to Unite. I am proud to have run a campaign that faced up to the issues that concerned members. Unite needs to change,...
View ArticleOil dives below $50 as confidence in Opec wavers
April 21, 2017 by: Anjli Raval, Oil and Gas Correspondent Oil was set for the biggest weekly drop in a month as market confidence in Opec’s ability to overpower a resurgent US shale industry wavered....
View ArticleTalkTalk climbs on talk of price controls backfiring
A prediction that broadband price controls will backfire helped lift TalkTalk to a five-month high on Friday. Last month’s move by telecoms regulator Ofcom to cap wholesale rates will result in lower...
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Mattel shares hit after losses widen
Mattel took a hit on Friday after the toymaker behind Barbie and American Girl said its losses widened and sales came in shy of forecasts in the first quarter. Its shares tumbled 13.6 per cent to...
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High costs drive foreign asset managers from India
When India woke up on November 8 last year to find 86 per cent of its banknotes had been banned overnight by the prime minister, asset managers were among the few that found immediate cause to...
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