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Majority of Businesses Will Not Require Vaccination Proof: BCC Survey
Economy

Majority of Businesses Will Not Require Vaccination Proof: BCC Survey

Summary A survey by BCC finds only 5% of firms have so far implemented vaccination proof requirement. Nearly 69% said they have no plans to put in place a vaccination proof requirement. 76% of firms said they expect social distancing to stay i...

Tesla’s wild-ride: Shares correct 36% from record high clinched in 2021
Stock Market

Tesla’s wild-ride: Shares correct 36% from record high clinched in 2021

Summary Tesla shares has seen some of the sharpest moves in the last one-and-a-half years Of late, the shares have not performed well, stands with a negative YTD return Between 8 February and 8 March 2021, the stock of Tesla plunged 34.79 per ...

What Are Some Less Energy-Intensive Alternatives to Bitcoin Crypto Mining?
Cryptocurrency

What Are Some Less Energy-Intensive Alternatives to Bitcoin Crypto Mining?

Summary Tesla founder Elon Musk’s announced Tesla would stop accepting Bitcoin as a form of payment, over concerns about Bitcoin’s high energy demand and fossil fuel use Bitcoin’s energy demand comes more from mining over tran...

West Newton: A Fast Pathway to Monetisation for Reabold
Sponsored

West Newton: A Fast Pathway to Monetisation for Reabold

Summary In West Newton, Reabold holds around 56 per cent economic interest indirectly through its 59 per cent share in Rathlin and through a direct licence interest of ca 16.67%. The company follows a trusted strategy to target low technical ri...

5 Stocks That Have Been Abuzz with News On M&A
Stock Market

5 Stocks That Have Been Abuzz with News On M&A

Summary The LSE saw a host of announcements regarding mergers and acquisitions. Sanne Group Plc shares surged over 25 per cent after rejecting a proposal by Cinven Limited. Grainger, Intertek, and Argo Blockchain among others, have announced b...

Why On the Beach Group Plc share prices crashed on LSE?
Consumer Stocks

Why On the Beach Group Plc share prices crashed on LSE?

Summary On the Beach Group Plc said it will start selling trips abroad only after 1 September due to the uncertainties related to the coronavirus pandemic. It would be reviewing its position after government releases its next international trav...

Are Bitcoin Chartists Picking Bearish Signals?
Cryptocurrency

Are Bitcoin Chartists Picking Bearish Signals?

Summary Bitcoin price has dropped by ~30.66 percent from its lifetime high. on the daily chart Bitcoin prices are trading in a rising channel formation and below its 100-Period Simple Moving Average (SMA). The price has broken a rising trendli...

Is the Crypto Grass Greener? The Search for ‘Greener’ Cryptos
Cryptocurrency

Is the Crypto Grass Greener? The Search for ‘Greener’ Cryptos

Summary Elon Musk announced on Thursday that Tesla would no longer accept Bitcoin to purchase its vehicles. The decision has led to a heated debate over the amount of electricity required to mine bitcoins. Tesla’s move has resulted in at...

APAC markets open mostly in green on Wall Street cues
World News

APAC markets open mostly in green on Wall Street cues

The Asia Pacific (APAC) markets opened mostly in green on Friday, following the Wall Street rally overnight. The Japanese shares were the biggest gainers in the region, with Nikkei225 up 2.3%, having wiped most of the losses it made in the Thursda...

Will Chevron Corp. (NYSE: CVX) Prices Cross the Hurdle on Charts?
World News

Will Chevron Corp. (NYSE: CVX) Prices Cross the Hurdle on Charts?

Summary Chevron Corp. (NYSE: CVX) has outperformed the index and generated ~16.01 percent returns in the last 3 months. On the daily chart, CVX’s prices are moving in a horizontal channel pattern and taking support from the 100-period Sim...

US tax sleuths, justice dept set to probe Binance: Reports
World News

US tax sleuths, justice dept set to probe Binance: Reports

One of world's largest cryptocurrency exchanges, Binance is facing investigation from the US Internal Revenue Service and the Justice Department, reports said. The probing officials have asked for detailed information from individuals with insight...

Coinbase rides the crypto boom to hit over US$1 billion in revenue
World News

Coinbase rides the crypto boom to hit over US$1 billion in revenue

Coinbase Global Inc (NASDAQ:COIN), a US-based holding company for an cryptocurrency exchange platform by the same name, has reported 9.45 times jump in its revenue as it surged past the $US1 billion-mark in quarterly revenue. The company reported ...

Why has IEA slashed 2021 oil demand forecast?
Commodities

Why has IEA slashed 2021 oil demand forecast?

The oil industry has been on a roller coaster ride since last year. Experiencing gloomy days, the prices of WTI crude oil dipped to negative levels in April 2020 due to supply glut and nearly no buyers. However, a robust vaccination program couple...

Did Inflation Fears Push FTSE 100 Lower; Crude Oil Down 3%
Market updates

Did Inflation Fears Push FTSE 100 Lower; Crude Oil Down 3%

US Markets: Broader indices in the United States traded in green - particularly, the S&P 500 index traded 46.42 points or 1.14 per cent higher at 4,109.30, Dow Jones Industrial Average Index surged by 429.63 points or 1.28 per cent higher at 34,0...

FTSE 100-listed Prudential expects demerger of Jackson in the second half of 2021
Financial Stocks

FTSE 100-listed Prudential expects demerger of Jackson in the second half of 2021

Summary Prudential had shown around 14% growth in Asia and Africa APE (Annual Premium Equivalent) sales during Q1 FY21. The Company will pay a second interim dividend of around 10.73 US cents per share on 14 May 2021. Pulse downloads have reac...

FTSE 100 slips, then flips as Wall Street shines after 3-day carnage
Market updates

FTSE 100 slips, then flips as Wall Street shines after 3-day carnage

Summary UK shares experienced a topsy-turvy ride on Thursday Upbeat Wall Street phenomenally supported the London equities The Wall Street trio -- Dow, Nasdaq and S&P 500 -- jumped over 1 per cent, each In the late trades, FTSE 100 was ho...

Eurasia Mining Shares Rally on Potential Asset Sale News
Metals and Mining

Eurasia Mining Shares Rally on Potential Asset Sale News

Summary Eurasia Mining shares moved up by 12 per cent today, reacting to an announcement of a potential asset sale to a credible party. In case the deal is through, it would allow the gold and metals miner to pay a significant dividend to all i...

Alphawave Makes A Dismal Debut, Shares Fell Over 21%
IPO

Alphawave Makes A Dismal Debut, Shares Fell Over 21%

Summary Chipmaker Alphawave stock tumbled on its LSE debut. It licences high-speed data transmission technology to various chipmaker firms The Totonto-based semiconductor IP company was valued at £3.1 billion Shares of the Canadian ...

Musk Impact:  3 FTSE Blockchain Stocks Suffer Sharp Drop in Trade Today
Technology Stocks

Musk Impact:  3 FTSE Blockchain Stocks Suffer Sharp Drop in Trade Today

Summary Electric vehicle giant Tesla founder Elon Musk announced the company would stop accepting Bitcoin as a form of payment due to its high energy consumption and its effect on the climate. The news led to a crash in cryptocurrency and block...