Sit tight with your UK-listed stocks, says Bengt Saelensminde. You’re about to feel the warm glow of European money printing.
The largest shareholder in troubled miner Petropavlovsk has accused bondholders in the company of “frightening” shareholders into accepting a controversial refinancing deal. Kam Patel reports.
One of the key shareholders in troubled miner Petropavlovsk says it will vote in favour of the company’s refinancing plans – but only if its own proposals are accepted too.
Troubled gold miner Petropavlovsk will cease to exist and shareholders’ entire investment will be wiped out unless they vote for a £155m rights issue next Thursday, warns chairman Peter Hambro.
For an investment that earns a proper yield, forget property – even in London – and look at the stockmarket, says Bengt Saelensminde.
A list of the ten most despised shares on the London market, judged by the percentage of stock being shorted.
As UK stocks make steady progress this morning, Kam Patel rounds up the most important stories of the day so far.
The FTSE 100 was given a boost by retailers yesterday. The index rose 0.6% to close at 6,542.
A new management team at troubled insurance outsourcer Quindell hopes to turn the company’s fortunes around. David Thornton weighs up their prospects.
The FTSE 100 started well yesterday on hopes of ECB money-printing, but all gains had been erased by the end of the day. The market closed unchanged at 6,501.
Investors have shrugged off concerns over the falling price of oil this morning ahead of the release of US earnings data.