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Interactive Advisors

April 2, 2020

Is The Bear Market Really Over?

After rising more than 20% in three days last week, the Dow technically entered a new bull market. In my opinion, that doesn’t mean the pain is over.

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Edison

April 2, 2020

UK Sparks: Hays plans £200m equity raise

Recruitment group Hays has announced an equity placing, targeting gross proceeds of around £200m. It hopes this funding will provide additional liquidity buffer and allow the group to pursue organic growth opportunities with new and existing blue-chip clients once the markets stabilise. At end-March 2020, its net cash position was £35m versus £13.2m at end-December 2019. The company has committed borrowing facilities of £210m, of which around £165m is currently undrawn.

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Edison

April 1, 2020

UK Sparks: Banks Scrap Dividends After Pressure From PRA

Britain’s largest banks HSBC Holdings, Barclays, Lloyds Banking Group, Royal Bank of Scotland and Standard Chartered have scrapped dividend payments after pressure from the Bank of England’s Prudential Regulation Authority to preserve capital. The banks have agreed to cancel remaining payouts for 2019, not pay any other dividends this year and suspend any share buyback programmes. Barclays chairman Nigel Higgins says: “These are difficult decisions, not least in terms of the immediate impact they will have on shareholders. The bank has a strong capital base, but we think it is right and prudent, for the many businesses and people that we support, to take these steps now.”

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Invesco US

March 31, 2020

Where Do Stocks and Bonds Go From Here?

Members of Invesco’s Global Market Strategy (GMS) team in Hong Kong, Italy, London, Tokyo and New York shared their on-the-ground insights of the fight against coronavirus from a health care, monetary, and fiscal perspective.

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Finimize

March 31, 2020

That Awkward Moment

As if it wasn’t mortifying enough that EasyJet had to ground its entire coronavirus-anchored fleet on Monday: the UK airline’s biggest shareholder now wants it to back out of an almost $6 billion deal too.

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Edison

March 31, 2020

UK Sparks: Oil Price Slump To Cost Shell Up To $800m

Oil major Royal Dutch Shell has warned of after-tax impairment charges of between $400-800m in the first quarter of this year, due to changes in the oil price. The company says each $10 movement in the price of a barrel of Brent crude hurts it by about $6bn a year. It says the coronavirus is causing “significant uncertainty” with regards to prices and demand for oil, gas and related products. In addition, “recent global developments and uncertainty in oil supply” have caused “further volatility” in commodity markets.

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Edison

March 30, 2020

UK Sparks: EasyJet Grounds Entire Fleet

Low-coat airline easyJet has grounded its entire fleet of aircraft, due to the “unprecedented travel restrictions” and national lockdowns imposed in response to the coronavirus crisis. Cabin crews will be furloughed for two months from April 1 on 80% of their average pay under the Government’s job retention scheme. The group will continue to work with the Government to rescue Britons stranded abroad, having already returned home 45,000 customers on more than 650 rescue flights. It says there is no certainty as to when scheduled flights will resume.

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