03 June

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Nordgold plans IPO to sell 25% stake in London and Moscow By Reuters

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MOSCOW (Reuters) - Russia-focused gold producer Nordgold plans an initial public offering (IPO) of at least 25% of its existing shares in London and Moscow, it said on Thursday. Nordgold, majority owned by Russian billionaire Alexei Mordashov and his sons Kirill and Nikita, was previously listed in London but delisted in 2017. It is aiming for a premium listing that would make it eligible for the FTSE indices. "Now is the right time for Nordgold to seek a premium London listing," Chief Executive Nikolai Zelenski said in a statement. "We look forward to sharing our story...

03 June

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Remy Cointreau upbeat as annual profit beats forecasts By Reuters

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By Dominique Vidalon PARIS (Reuters) -Remy Cointreau beat estimates for full-year operating profit growth on Thursday thanks to rebounding demand for its premium cognac in the United States and China, and was upbeat about its prospects for the current fiscal year and beyond. The maker of Remy Martin cognac said it had emerged stronger from the COVID-19 crisis as it accelerated trends such as buoyant at-home consumption in the United States, a craze for cocktails and rising e-commerce sales - all of which supported its push towards higher-priced spirits to boost margins. Remy Cointreau, which plans...

03 June

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European stock traders place their blockbuster bets in the dark By Reuters

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By Saikat Chatterjee and Thyagaraju Adinarayan LONDON (Reuters) - Think of an exclusive poker game where the minimum bet is close to $1 million. The stock-trading version, "dark pools" that host blockbuster trades, are pulling in major money in Europe. Their rise has been swift. On June 24, 2016 - the day after the Brexit vote - just 3% of trades on the London Stock Exchange's Turquoise shares platform were carried out in its dark pool via so-called block trades, mega-bets of around $800,000 or more. Fast forward about four years to Nov. 9,...

03 June

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Analysis-With popcorn and tweets, AMC’s Aron rides retail investor wave By Reuters

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By David Randall and Sinéad Carew NEW YORK (Reuters) - Free popcorn for shareholders. Following more than 500 die-hard fans of his company's stock on Twitter. Retweeting a video of what appears to be an airplane flying a banner with the meme-stock rallying cry "AMC to the Moon" around Manhattan. Welcome to the world of AMC Entertainment Holdings Inc Chief Executive Adam Aron, who since the beginning of the year has taken to new heights the role of chief promoter of a company that was on the brink of bankruptcy. At a time...

03 June

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European consumer group joins EU antitrust case against Apple By Reuters

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By Foo Yun Chee BRUSSELS (Reuters) - The European Consumer Organisation (BEUC) lobby group on Wednesday backed the European Union's antitrust case against Apple (NASDAQ:AAPL) which alleges it distorts competition in the music streaming market. The European Commission filed its first antitrust charges against Apple in April following an initial complaint by the iPhone maker's rival Spotify. Apple has rejected the EU charges, saying that its App Store enabled Spotify to become the world's largest music subscription service. It has been given 12 weeks to respond to the charges. BEUC said it has been allowed...

03 June

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Savannah Energy in talks to buy Exxon’s Chad, Cameroon stakes By Reuters

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(Reuters) - Africa-focused Savannah Energy and Exxon Mobil Corp (NYSE:XOM) are in exclusive talks over the sale of Exxon's interest in energy assets in Chad and Cameroon, the companies said on Wednesday. The British oil and gas producer is proposing to buy a 40% operated interest in the Doba oil project in Chad, and a 40% interest in the Chad-Cameroon oil transportation pipeline. The company's London-listed shares were last up nearly 7% at 19.25 pence. An Exxon representative confirmed the two parties have entered exclusive negotiations and said there was a possibility that the...

03 June

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Cryptocurrencies show inflows after record outflows in previous two weeks – CoinShares By Reuters

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By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) - Cryptocurrencies posted inflows last week after hitting record outflows the previous two, as investors took advantage of price declines in the market, data from digital currency manager CoinShares showed late Tuesday. Inflows into crypto investment products and funds totaled $74 million last week. That followed record outflows of $151 million the previous two weeks, representing 0.3% of assets under management. Bitcoin products continued to see outflows last week of about $4 million, CoinShares data showed. This brings the total outflow over the last three weeks to $246 million. For...

03 June

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Dropbox Jumps On Report Elliott Has Taken Over 10% In Cloud-Driven Firm By Investing.com

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By Dhirendra Tripathi Investing – Dropbox (NASDAQ:DBX) shares rose more than 5% Wednesday after a report in The Wall Street Journal said Elliott Management has taken more than 10% stake in the cloud computing company, worth over $100 million. Elliott is an activist hedge fund that is known for either changing managements or effecting major changes in their strategies for a possible turnaround. According to WSJ, Elliott has told Dropbox it is the company’s largest shareholder after Chief Executive Officer Drew Houston. Dropbox, a cloud-computing company with a market value of over $11 billion, went...

03 June

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Tesla Falls On Double Blows Of Vehicle Recall, SEC’s Criticism By Investing.com

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By Dhirendra Tripathi Investing – Tesla (NASDAQ:TSLA) shares fell more than 3% Wednesday, bearing the brunt of two adverse developments. First was its recall of nearly 6,000 vehicles over concerns that their brake caliper bolts might loosen, which could result in a loss of tire pressure. The recall covers certain 2019 to 2021 Model 3 vehicles and 2020 to 2021 Model Y vehicles, Reuters said. Tesla's filing with the National Highway Traffic Safety Administration said it had no reports of crashes or injuries related to the issue and that the company will inspect and tighten,...

03 June

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ECB to keep policy loose this year despite high inflation risks: Reuters poll By Reuters

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By Richa Rebello BENGALURU (Reuters) - The European Central Bank will not change the total size of its asset purchase programme at its June 10 meeting but will start tapering its pandemic purchases later this year, according to a Reuters poll which also showed inflation risks to the upside. With an economic recovery underway and price pressures rising, calls for winding down the emergency purchases have increased in recent weeks. But several ECB members have said a decision to reduce purchases at the June 10 policy meeting was unlikely. Nearly 90% of economists, or 34...

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Nordgold plans IPO to sell 25% stake in London and Moscow By Reuters

Remy Cointreau upbeat as annual profit beats forecasts By Reuters

European stock traders place their blockbuster bets in the dark By Reuters

Analysis-With popcorn and tweets, AMC’s Aron rides retail investor wave By Reuters

European consumer group joins EU antitrust case against Apple By Reuters

Savannah Energy in talks to buy Exxon’s Chad, Cameroon stakes By Reuters

Cryptocurrencies show inflows after record outflows in previous two weeks – CoinShares By Reuters

Dropbox Jumps On Report Elliott Has Taken Over 10% In Cloud-Driven Firm By Investing.com

Tesla Falls On Double Blows Of Vehicle Recall, SEC’s Criticism By Investing.com

ECB to keep policy loose this year despite high inflation risks: Reuters poll By Reuters

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