The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Retty1 I hear you load and clear its toxic and a real shame to London south east the moderator has not acted to stop the traffic but I live in hope
Https://www.cityam.com/lack-of-appetite-in-london-drives-another-high-tech-firm-to-nasdaq/
Us banks reporting 2mr
The census is mediocre sidelining atb
Barchart says hold
Https://www.cityam.com/london-listed-centaur-media-receives-takeover-approach/
Minor mistake
https://www.autocar.co.uk/car-news/new-cars/exclusive-top-secret-plan-revive-morris-minor
Https://www.mining.com/web/bhp-set-to-dethrone-codelco-as-worlds-biggest-copper-producer/
Copper was thought to be headed toward a supply crisis as the world adopts electric vehicles and other greenification measures.
And now that crisis is here, say Bank of America metals strategists led by Michael Widmer.
“The much-discussed lack of mine projects is becoming an increasing issue for copper. This, along with investment in green technologies and a rebound of the global economy, should lift prices to US$10,250/t (465c/lb) by the fourth quarter,” they say, an upgrade of 8% from their previous view.
Front-month copper futures HG00 were trading at $4.28 per pound, up 10% on the year on Tuesday.
Bank of America wasn’t the only Wall Street bank forecasting copper price gains. Analysts at Citi said consumers of the metal should “urgently hedge” or risk facing $320 billion of cost increases over the next three years. Saying copper is the second bull market this century, they say copper prices are trending higher to average $10,000 per ton in the fourth quarter and $12,000 by 2026.
The Bank of America analysts also are bullish on gold.
41
A UK energy company is to start drilling at the biggest oil field discovered in the North Sea in at least 20 years in spite of a net zero crackdown on the industry.
EnQuest plans to bring two fields onstream which have the potential to produce 500 million barrels of crude oil over coming decades.
The sites, which neighbour Kraken oil and gas field, 80 miles east of Shetland, will reignite the political battle over the North Sea’s future in which Labour has threatened to block new production citing environmental concerns.
Their planned intervention has prompted warnings from energy companies that the UK risks cutting off its own energy supplies before it has a replacement.
UP AGAIN
https://www.lse.co.uk/SharePrice.html?shareprice=MTL&share=Metals-Exploration
Trek and last few months more money leaving UK
Chip giant Arm, building materials supplier CRH, Paddy Power owner Flutter and travel operator Tui are among companies to have abandoned London in recent months.
The stampede away from the London stock market has accelerated this year, with investors withdrawing more money from UK stock market funds.
Investors pulled $6.5bn (£5.1bn) from UK-focused equity funds for the period January 1 to April 3, according to Goldman Sachs, adding to the gloom.
The FTSE 100 has also been sluggish over the same period compared to global rivals.
Stock markets in Japan, the US and EU have rallied by more than a quarter, while the FTSE 100 rose just 8.6pc over the same period, according to Calastone.
UK stock funds have been unloved for several years, suffering 34 consecutive quarters of net selling, according to Calastone. Another £823m left funds in March.
The FTSE's top 10
Company
Market value
Sector
1
Shell
£168bn
Oil and gas
2
AstraZeneca
£164bn
Pharmaceuticals
3
HSBC
£122bn
Banking
4
Unilever
£95bn
Consumer goods
5
BP
£80bn
Oil and gas
6
Rio Tinto
£73bn
Mining
7
Diageo
£64bn
Consumer goods
8
GlaxoSmithKline
£60bn
Pharmaceuticals
9
Relx
£59bn
Media
10
Glencore
£58bn