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Sunak pledges increased spending on jobs, housing and infrastructure
Thursday 26 Nov 2020After postponing the Budget earlier this year, and with public sector borrowing at a peacetime high, Chancellor Rishi Sunak’s spending review was keenly awaited. While the health emergency is not yet over, despite over £280 billion of spending on health and employment measures, ‘the economic...
Germany’s blue-chip index gets big overhaul after Wirecard scandal
Thursday 26 Nov 2020Germany’s leading blue-chip index, the Dax 30, is going to see its first major overhaul since being created over 30 years ago. The Dax 30 index represents the 30 largest German listed companies trading on the Frankfurt Stock Exchange. It is one of the most important indices for anyone looking at...
Controversial fast-track funding rule scrapped
Thursday 26 Nov 2020An emergency measure introduced at the onset of the pandemic to allow companies to exclude existing shareholders from major fundraisings is to end on 30 November. Back in March, as the coronavirus brought economic activity to a halt, the Pre-Emption Group informed UK-listed companies they could...
Blue Prism eyes US listing to help narrow valuation gap
Thursday 26 Nov 2020UK robotic process automation technology developer Blue Prism ( PRSM:AIM ) is mulling a US stock market listing for its shares in a drive to narrow the yawning valuation gap with privately-owned US peers. The Warrington-based company admitted earlier this month that it had begun exploring the...
Worst of dividend cuts ‘now over’ says Janus Henderson
Thursday 26 Nov 2020The worst of the dividend cuts are now behind us, but don’t expect payouts to grow in general until after the anniversary of lockdown at the end of March next year. That’s according to asset manager Janus Henderson, whose latest Global Dividend Index showed that dividends from UK-listed firms fell...
Video game platform Roblox could see blockbuster market debut
Thursday 26 Nov 2020Video game platform company Roblox is to join the US stock market in a hotly anticipated listing. Its games are hugely popular with younger children and the business could be worth as much as $8 billion, including a potential $1 billion fundraise. The excitement stems from Roblox’s unique business...
Mute reaction to AstraZeneca vaccine is no reason to lose optimism
Thursday 26 Nov 2020Positive vaccine news flow for the third successive Monday appears to be eliciting increasingly weaker share price reactions. For example, despite good news on 23 November from AstraZeneca ( AZN ) and Oxford University that vaccine candidate AD1222 was 70% effective in preventing Covid-19, markets...
UK ‘green revolution’ could be great for investors
Thursday 26 Nov 2020The UK Government’s 10-point plan for a ‘green industrial revolution’ has major implications for investors as it creates a tailwind (and headwind) for a lot of sectors. It is designed to accelerate the UK’s path to net zero carbon emissions, repair the damage to the economy from coronavirus, and...
Singles Day bonanza could salve Alibaba's Ant wounds
Thursday 19 Nov 2020China’s online shopping bonanza broke records this year with top brands like Apple iPhones, L’Oreal’s Lancome skin toner and Nestle chocolates raced off the virtual shelves. Chinese e-commerce giants Alibaba and JD.com racked up approximately $116 billion in sales across their platforms during the...
Streaming TV success boosts Walt Disney
Thursday 19 Nov 2020Family entertainment giant Walt Disney has seen its business massively reshaped as the coronavirus pandemic saw the gates slam shut at its global themes parks, cruises cancelled, cinemas closed and movie filming put on ice. This saw the Dow Jones Industrial Average and S&P 500 member plunge to...