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Rising bond yields start to weigh on popular stocks
Thursday 25 Feb 2021US technology stocks sold off on 22 February following a period of mounting concern about inflation, reflected in rising yields on government debt, and the implications for interest rates. This had a knock-on impact for UK-related tech stocks and funds including a big decline in Scottish Mortgage...
Stop shutting retail investors out of IPOs
Thursday 25 Feb 2021For too long, initial public offerings (IPOs) have been largely the preserve of institutional investors, leaving retail investors out in the cold. Besides IPOs, retail investors are also disadvantaged when it comes to taking part in secondary fundraisings. In summary ‘retail shareholder rights are...
Banks signal return to dividends but outlook remains cloudy
Thursday 25 Feb 2021The UK’s four major high-street lenders posted results for the year to December which beat forecasts one way or another, and all flagged a return to dividends in line with regulatory guidance, but there was little to cheer regarding the longer term. After barring the banks from paying dividends...
Cordiant Digital first of new breed of investment trust to IPO
Thursday 18 Feb 2021Investor appetite for all things digital and technology related has started to become apparent as a new breed of investment trust has launched on the London market. The UK’s first digital infrastructure investment trust, Cordiant Digital Infrastructure ( CORD ) , floated this week after raising £...
Coupang targeting $50 billion IPO
Thursday 18 Feb 2021SoftBank-backed Coupang has filed to go public in the US, with reports suggesting the South Korean e-commerce giant is aiming for a valuation of around $50 billion as it aims to tap into voracious investor appetite for high-growth tech stocks. This would make Coupang the biggest IPO in New York by...
Oil surge helps revive Shell after strategy concerns
Thursday 18 Feb 2021New threats to supply and recovery hopes pegged on vaccine roll-outs and US stimulus are helping oil prices extend their stunning start to 2021. As we write this is contributing to big gains for the FTSE 100 thanks to the heavyweight status of BP ( BP. ) and Royal Dutch Shell ( RDSB ) on the index...
Vaccine optimism builds as firms seek clear Covid-19 exit plan
Thursday 18 Feb 2021The UK government hitting its target to vaccinate all vulnerable groups by 15 February and the virus replication rate falling below one is helping the market get very excited about the prospect of the economy being unlocked as ‘reopening trades’ in the travel and leisure sector regain their...
Global stocks see largest ever week of buying
Thursday 18 Feb 2021The opening week of February saw the largest ever weekly inflow of cash into global shares, according to Bank of America’s global research team, as well as the largest ever inflow into technology stocks. Of the total inflow of $58.1 billion into equities, some $25.1 billion or close to half flowed...
The UK stocks riding the latest bitcoin surge
Thursday 11 Feb 2021In the few short weeks of 2021 to date a theme of unconventionality seems to be taking hold in the markets. No sooner had the Reddit-inspired short squeeze briefly added billions to the value of some beaten down US companies, cryptocurrency bitcoin is mounting another charge as it races towards the...
Six potential takeover targets as M&A heats up
Thursday 11 Feb 2021UK firms have been subject to around £28 billion of mergers and acquisitions deals so far in 2021, the highest level since 2009 according to data from Dealogic. Investors are now trying to work out which UK stocks could be next. Temporary power supplier Aggreko ( AGK ) surged 38% on 5 February...