Year: 2020

Dividend paying stocks like The Royal Bank of Scotland Group plc (LON:RBS) tend to be popular with investors, and for… …read more […]

(Bloomberg) — A Boeing Co. 737-800 passenger jet bound for Ukraine crashed shortly after takeoff in Iran, killing everyone on board.Ukraine International Airlines said 167 passengers and nine crew members were aboard Flight 752, which crashed at 6:18 a.m. local time in Sabashahr near Tehran. Ukrainians, Iranians and Canadians were among those aboard, it said.The head of Tehran’s Disaster Mitigation and Management Organization, Mansour Darajati, said early assessments suggest the crash was caused by a technical issue, IRNA reported. Another state-run outlet quoted an official from the Iran Civil Aviation Organization as saying the airline didn’t declare an emergency.Television footage …read more […]

(Bloomberg) — NMC Health Plc shares plunged after two major investors sold $493 million worth of shares well below the market price to reduce their holdings in the troubled health-care group.The stock fell as much as 19% to 1,206 pence in early London trading. Investors Saeed Mohamed Butti Mohamed Khalfan Al Qebaisi and Khaleefa Butti Omair Yousif Ahmed Al Muhairi both sold about 15% of NMC for about 1,200 pence a share.The company had a rocky end to 2019 as shares slumped following allegations by Carson Block’s Muddy Waters Capital LLC. The short-selling firm said the company’s financial statements hint …read more […]

(Bloomberg) — Want the lowdown on European markets? In your inbox before the open, every day. Sign up here.Anglo American Plc said it’s in advanced talks over a possible takeover offer for troubled Sirius Minerals Plc, which is struggling to build a $3.8 billion potash mine in the U.K.The potential acquisition of Sirius comes after Chief Executive Officer Mark Cutifani strengthened the balance sheet of Anglo, whose mining portfolio spans copper and iron ore to platinum and diamonds. The company said it had identified the potential of Sirius’s potash mine some time ago, given its projected scale, lifespan and profit …read more […]

The spike in oil prices due to the escalating conflict between the United States and Iran is causing investors to worry that U.S. corporate earnings will be crimped by rising energy costs. While the energy sector would benefit from higher oil prices, other sectors ranging from shipping to manufacturing to restaurants would see their profit margins compress as gasoline prices rise. Some investors said they were acting more defensively against this backdrop. …read more […]

MADRID/HANGZHOU, China (Reuters) – After years of reconnaissance, China’s retail king Alibaba is finally making its move on Europe. It is undercutting Amazon sellers’ fees to attract vendors but has had mixed results, six sources with direct knowledge of the matter said. A flood of small businesses have joined its European platform, AliExpress, in recent months but some larger brands are holding back, according to the sources. …read more […]