May, 2019

• 1 May

  Next cruises through UK ‘high street’, Brexit

  Bloomberg Amid all the precariousness of Brexit and talk of the death of the high street, a humble clothing seller counters the pessimism as one of the UK’s best-performing blue chips of 2019. Next Plc shares are up 44 percent year-to-date, the second-biggest gainer on the benchmark FTSE 100 index. The stock held onto those gains as the company said …

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• 1 May

  Heathrow runway overcomes Mayor, protesters’ opposition

  

  Bloomberg London Heathrow, Europe’s busiest airport, saw off an attempt by environmental groups to block construction of a third runway that it says is needed to boost flights and compete with rival hubs trying to steal its traffic. Construction, which was challenged by Friends of the Earth, London Mayor Sadiq Khan and other groups after the UK government approved the …

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April, 2019

• 30 April

  Investcorp buys properties in US worth $170mn

  

  MANAMA / WAM Investcorp on Tuesday announced that its US-based real estate investment team acquired a portfolio of eight single-tenant distribution pr-operties in various locations across US for a combined purchase price of approximately $170 million. The properties in the portfolio total 1.4 million square feet and are 100 percent leased. “We are pleased to add these properties to our …

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• 30 April

  Oil rises as Saudi signals supply cuts extension, Venezuela crisis deepens

  

  Bloomberg Oil rose as Saudi Arabia signalled Opec and its allies could extend supply cuts to the end of the year, while Venezuela’s opposition leader called for a military uprising. Crude futures added 1.5 percent in New York. Saudi Energy Minister Khalid Al-Falih said that the Organisation of Petroleum Exporting Countries and its partners remain focussed on reducing oil inventories, …

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• 30 April

  AI crucial for economic success: Forbes Insights

  

  DUBAI / WAM Forbes Insights has revealed the latest findings of its State of Artificial Intelligence (AI) in the Middle East report in partnership with Ai Everything, at the two day Artificial Intelligence Summit, which concludes on Wednesday at the Dubai World Trade Centre. The report was launched to an audience of elite technologists, global AI leaders, c-suite executives and …

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• 30 April

  UK brimming with natural gas as LNG flows hit record

  

  Bloomberg Britain’s appetite for natural gas usually declines in the summer, but this season is different with a record number of LNG tankers due to land this month. The incoming cargoes show no sign of slowing, and will keep the pressure on benchmark prices already trading below their five-year seasonal average. That’s good news for factories and households as Brexit …

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• 30 April

  PetroChina records steady income in Q1

  Bloomberg PetroChina Co. reported steady net income in the first quarter as higher exploration and production earnings countered a slump in refining. Net income rose 1 percent from a year ago to 10.26 billion yuan ($1.5 billion), the company said in a statement to the Hong Kong stock exchange, using international accounting standards. Despite international oil prices averaging 5 percent …

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• 30 April

  Warning signs are flashing in China stock market post surge

  

  Bloomberg Investors are running out of reasons to chase the bull market in Chinese stocks. After adding as much as $2.5 trillion to share values and outpacing gains everywhere else in the world, the rally in China is starting to look tired. Headwinds include an uninspiring earnings season, as well as the likelihood that Beijing will pursue a less aggressive …

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• 30 April

  US stock slide deepens on tech earnings, trade

  

  Bloomberg The decline in US stocks deepened as disappointing results from Alphabet Inc weighed on technology companies amid heightened angst over US-China trade talks. The S&P 500 Index fell from a record high, while the Nasdaq-100 Index was poised for its biggest drop in more than a month. Pfizer Inc surged on better-than-estimated results. Treasuries rose on the eve of …

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• 30 April

  Biggest Nordic banks hit by selloff after bleak results

  

  Bloomberg The two biggest banks in the Nordic region saw their market values shrink on Tuesday after publishing first-quarter results that disappointed investors. Danske Bank A/S said it now expects net interest income to be lower this year than in 2018 as the higher cost of funding brought on by its money-laundering scandal erodes its top line. Its shares plunged …

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