Finance

Acacia Mining under pressure

Gold miner Acacia Mining PLC is under even more pressure today and continues its downward trend. At around midday (25/07/17) it was down by 8.6% at 166.6p A very substantial tax demand from Tanzanian authorities has caused this dramatic share price slide. Acacia dispute the demand.

Finance

The Faraday Challenge

Love this project. The UK government announced the ‘Faraday Challenge’ yesterday (24/07/17), investing £246 million in the research, innovation and development of battery technologies to make the UK’s energy system smarter. I’m pleased the UK is finally joining the ‘electric’ revolution as highlighted by this useful investment. Design, research and …

Finance

Oil heads up!

Oil prices heading upwards. Opec making moves to reduce high global stock levels and cap oil output in attempt to support oil price. Will this help place oil on a more solid footing or will production controls continue to prove difficult?

Finance

FTSE 250 & FTSE 100 Best & Worst Performers Today

FTSE 250 best performer on: 24/07/17 – Carillion PLC (CLLN) up 5.7% FTSE 250 worst performer on: 24/07/17 – Acacia Mining PLC (ACA) down 21% – Big fall just as FTSE 250 closed – (Gold miner reportedly in dispute with Tanzanian government over taxes). FTSE 100 top performer on: 24/07/17 …

Finance

IMF downgrades UK Growth

The IMF downgrades UK growth prospects due to the continuing BREXIT risks. Growth forecasts were raised for China, Japan and many Eurozone countries. Before the UK referendum took place, the IMF predicated catastrophe for the UK economy (pretty bad to very very bad I think was the phrase used or …

Finance

DAX down

The DAX has been under pressure all day today (24th July 2017). It looks like allegations made against some of the more prominent German car manufacturers suggesting that they may have been (allegedly) involved in a price fixing scandal (cartel) has put pressure on the index. And this on-top of …

Finance

Dividends explained – the benefits

Dividend Investing… It’s important to be careful when selecting a stock based on it’s dividend performance alone. It’s possible for the dividend to be used to attract investment. If you think the dividend appears high – make sure you double check the quality of the company. Check the accounts, look …

Finance

Definition of the word Politician

I thought I would look up the definition of the word ‘politician’ (as you do when you have some spare time) – and this is what I found… ‘A person who is professionally involved in politics, especially as a holder of an elected office’. And in the US it appears …

Finance

FTSE 250 Companies going Ex Dividend this week

Just three FTSE 250 companies going Ex dividend this week… Investec PLC (INVP) – ex div date: 27/07/17 – record date: 28/07/17 – pay date: 14/08/17 City of London Investment Trust PLC (CTY) – ex div date: 27/07/17 – record date: 28/07/17 – pay date: 31/08/17 Bankers Investment Trust PLC …

Finance

FTSE 100 Companies due Ex Dividend this week

Just the one FTSE 100 company going Ex dividend to report this week… SSE PLC (SSE) – Ex div date: 27/07/17 – record date: 28/07/17 – report date: 22/09/17