This website uses cookies to collect usage information in order to offer a better browsing experience. By browsing this site or by clicking on the "ACCEPT COOKIES" button you accept our Cookie Policy.

Benzinga

August 16, 2019

Another Way To Play Declining Interest Rates

With Treasury yields on a seemingly unabated decline in the U.S. and market participants expecting more interest rate cuts by the Federal Reserve, there is plenty of chatter about investment strategies for a low rate environment. At the industry level, one of the prime beneficiaries of lower interest rates are homebuilders stocks.

Read More
Edison

August 14, 2019

UK Sparks: FirstGroup Joint Venture Wins HS2 Rail Franchise

A joint venture of FirstGroup with Italian rail operator Trenitalia has been awarded a franchise to run Britain’s West Coast and new High Speed 2 train services. The 70%-30% joint venture will take on the franchise from December 8. In a first phase to March 2026, First Trenitalia will operate existing InterCity West Coast services while acting as a “shadow operator” for the HS2 programme.

Read More
Edison

August 13, 2019

UK Sparks: Tui Profits Hit By Boeing 737 Max Grounding

Travel group Tui has reported a 46% fall in third-quarter underlying earnings before interest, taxation and amortisation to €101m, as the grounding of Boeing’s 737 Max aircraft cost it €144m. For the full year, the group still expects full-year underlying earnings to be 26% lower than the €1.18bn achieved in 2018, with total 737 Max costs of up to €300m. Tui says customers have booked later than normal, following last year’s European heatwave, while demand continues to be affected by Brexit uncertainty.

Read More
Edison

August 12, 2019

UK Sparks: SSE Confirms Ovo Energy Talks

Power group SSE has confirmed that it is in talks to sell its retail energy business to challenger gas and electric brand Ovo Energy. The discussions relate to SSE Energy Services, which supplies energy services to about 5.7 million UK households. If successful, a deal would make Ovo Britain’s second largest supplier of electricity and gas behind British Gas.

Read More
Edison

August 8, 2019

UK Sparks: Aviva To Review Asian Options

Insurance group Aviva is to review strategic options for its Asian businesses as part of plans for the company under new chief executive Maurice Tulloch. The group announced the move alongside interim results showing a 1% rise in operating profits to £1.45bn. It says the half-year saw its business adversely affected by “market headwinds” in savings and asset management, while it faced “intense competition” in individual protection and general insurance.

Read More
Global X ETFs

August 7, 2019

China Sector Report: Q2 2019

Although Financials, Industrials, Utilities, and Consumer Discretionary outperformed the Broad China equity benchmark, the MSCI China Index, only Consumer Staples provided positive returns in the quarter. Despite largely negative returns over the quarter, 10 out of 11 sectors turned in positive June performances, showing a broad rebound as trade tensions eased.

Read More
Edison

August 7, 2019

UK Sparks: Glencore Profits Fall 32%

Commodities and mining group Glencore saw adjusted earnings before interest, taxation, depreciation and amortisation tumble by 32% to $5.6bn in the first half of this year. Chief executive Ivan Glasenberg says the compaaany was hurt by a “challenging economic backdrop” and operating and costs setbacks. Glencore also says it will stop production at its Mutanda mine in the Democratic Republic of Congo, the world’s largest cobalt mine, due to low cobalt prices. It now expects full-year adjusted earnings of between $2.2bn-$3.2bn, after adjusting for $350m of non-cash cobalt losses in the first half.

Read More
Benzinga

August 6, 2019

A Vegan ETF Is Happening, But It May Not Look The Way You Expect

One of those unique funds is the U.S. Vegan Climate ETF, which will traded under the ticker “VEGAN” and is slated to debut next month. It has been a long wait for VEGAN. Beyond investing, the fund’s issuer, filed plans for the ETF almost a year ago and it was expected to debut in January.

Read More
Edison

August 2, 2019

RBS to Return £1.7bn to Shareholders; Pets at Home Raises Profit Forecast

Royal Bank of Scotland is planning to return £1.7bn to shareholders via an interim dividend of 2p and a special dividend of 12p. The Government-backed lender reported a 48% jump in pre-tax operating profit for the half year to £2.7bn and a return on tangible equity of 12.1%, boosted by the sale of its stake in Saudi bank Alawwal.

Read More
Edison

August 1, 2019

Barclays Profits Increase By 82%

Banking group Barclays has announced an 82% increase in interim pre-tax profits from £1.66bn to £3bn. Pre-tax profits excluding provisions for litigation and conduct charges fell from £3.7bn to £3.1bn. Total income declined by 1% to £10.8bn, mainly due to margin pressure in the UK and lower income at Barclays International. Operating expenses increased by 1% to £6.8bn and the group cost-income ratio advanced from 61% to 63%. Credit impairment charges increased from £600m to £900m and the company reported a return on tangible equity of 9.4%.

Read More
Edison

July 31, 2019

UK Sparks: PPI Compensation Dents Lloyds Banking Group Profits

Lloyds Banking Group has announced a 7% fall in interim pre-tax profits to £2.9bn after taking a provision of £650m for payment protection insurance (PPI) compensation. The charge, £550m of which was taken in the second quarter, was largely driven by a “significant” increase in PPI information requests ahead of next month’s deadline for compensation claims. Lloyds also took a charge of £182m for restructuring and £465m for “volatility and other items”. Underlying pre-tax profits fell 1% to £4.2bn, while the net interest margin held steady at 2.9%. The interim dividend increases by 5% to 1.12p.

Read More
Page 1 of 5
1 2 3 4 5
trading top