Less Ads, More Data, More Tools Register for FREE

Pin to quick picksULE.L Share News (ULE)

  • There is currently no data for ULE

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Enormous blast rocks Beirut

Tue, 04th Aug 2020 17:10

(Sharecast News) - An enormous blast rocked all of Beirut shortly before 1700 BST with initial reports citing official sources saying that it was the result of an accidental fire at a fireworks depot.



3rd video from another angle. Initial reports that explosion occurred due to accidental fire break in fireworks cache #Lebanon #Beirutpic.twitter.com/1WnCO6N0HI

- Hemat (@Himat75) August 4, 2020



WATCH: Aftermath of Beirut's massive explosion. Many feared dead pic.twitter.com/55siEnzLSU

- BNO News (@BNONews) August 4, 2020
The blast came ahead of the expected verdict in a trial against four members of Iran-backed Hezbollah for the 2005 assassination of former Prime Minister Rafik Hariri, BBC reported.

A second possible explosion was reported at the Hariri residence in the city.

Stocks on Wall Street appeared unfazed by the news, as did crude oil futures, with front-dated Brent up by just 0.29% to $44.28 a barrel on ICE as of 1817 BST.

December gold futures however were 1.64% higher to $2,018.8/oz..

Commenting on the explosion right after it happened, Dr.Matthew Schmidt, an Associate Professor of National Security and Political Science at the University of New Haven said: "We don't know what caused it, but this was an extraordinary explosion. All we know so far is that ceilings collapsed for miles around and there are a lot of injured, and surely in the hours to come, sadly, many dead.

"If it was terrorism it would represent a really terrifying escalation in capability. But again, all we know is that it happened at port facility. There is no indication this is terrorism related, but we can't rule anything out."

There was also some speculation on Twitter, on the part of local observers, that the explosion might be linked to an arms depot.

The head of Lebanon's General Security ministry, Abbas Ibrahim, later reportedly confirmed that the explosion, which resulted in a mushroom cloud reaching high above the city took place at a storage depot for highly explosive materials, although it was not clear to whom the materials had belonged.

According to The Independent, the materials had reportedly been seized from a ship several months before.



More News
7 May 2021 15:53

UK dividends calendar - next 7 days

UK dividends calendar - next 7 days

Read more
5 May 2021 15:54

UK shareholder meetings calendar - next 7 days

UK shareholder meetings calendar - next 7 days

Read more
4 May 2021 09:40

BROKER RATINGS: JPMorgan and Morgan Stanley differ on Trustpilot

BROKER RATINGS: JPMorgan and Morgan Stanley differ on Trustpilot

Read more
26 Apr 2021 10:27

Global military spending up 2.6% in 2020 despite pandemic

(Sharecast News) - Global military expenditure rose by 2.6% to $1.98trn last year despite some defence funds being reallocated to fight the Covid-19 pandemic, the Stockholm International Peace Research Institute said in a report issued on Monday.

Read more
22 Apr 2021 15:22

DIRECTOR DEALINGS: EKF Diagnostics chair sells; Flowtech chair buys

DIRECTOR DEALINGS: EKF Diagnostics chair sells; Flowtech chair buys

Read more
15 Apr 2021 12:52

Thursday broker round-up

(Sharecast News) - Naked Wines: Liberum downgrades to hold with a target price of 800p.

Read more
15 Apr 2021 09:50

Ultra Electronics and QinetiQ rated 'neutral' by Citi

(Sharecast News) - Citi gave shares of Ultra Electronics and QinetiQ 'neutral' ratings as the bank started coverage of the defence engineers.

Read more
15 Apr 2021 09:47

BROKER RATINGS: Citigroup neutral on QinetiQ and Ultra Electronics

BROKER RATINGS: Citigroup neutral on QinetiQ and Ultra Electronics

Read more
1 Apr 2021 16:13

UK dividends calendar - next 7 days

UK dividends calendar - next 7 days

Read more
23 Mar 2021 13:12

Tuesday broker round-up

(Sharecast News) - Fevertree: Barclays upgrades to buy with a target price of 2,500p.

Read more
23 Mar 2021 09:44

BROKER RATINGS: Goldman Sachs cuts Kingfisher and raises Bodycote

BROKER RATINGS: Goldman Sachs cuts Kingfisher and raises Bodycote

Read more
16 Mar 2021 11:31

Barclays stays at 'equalweight' on Ultra Electronics, says backlog growth already priced in

(Sharecast News) - Analysts at Barclays stuck to their 'equalweight' recommendation for shares of Ultra Electronics, despite what they termed the defence specialist's "solid" full-year performance across 2020.

Read more
10 Mar 2021 22:01

IN BRIEF: Ultra Electronics CFO Mark Sclater acquires shares

IN BRIEF: Ultra Electronics CFO Mark Sclater acquires shares

Read more
10 Mar 2021 13:21

Wednesday broker round-up

(Sharecast News) - Ultra Electronics: JP Morgan upgrades to overweight with a target price of 2,350p.

Read more
10 Mar 2021 09:35

BROKER RATINGS: Liberum upgrades Ferrexpo to Buy from Hold

BROKER RATINGS: Liberum upgrades Ferrexpo to Buy from Hold

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.