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The company behind the trading app Robinhood is facing more than 30 civil lawsuits from its users in relation to restrictions it imposed temporarily limiting purchases of certain stocks last week. Several groups of the app’s users have filed separate lawsuits against Robinhood Markets Inc. in federal courts, including in California, New Jersey, Texas and Florida. … Read more
David Schwimmer jokes that in more normal times he has no trouble making dinner reservations at the best restaurants. For the affable and self-deprecating chief executive of the venerable 300-year-old London Stock Exchange, sharing a name with one of the stars of the comedy show Friends is just curious happenstance. Much of the time when … Read more
Anarchist investors fuel a silver rush: Reddit trading frenzy engulfs precious metal sending prices to their highest level since 2013 By Lucy White For The Daily Mail Published: 22:06 GMT, 1 February 2021 | Updated: 22:06 GMT, 1 February 2021 The price of silver soared after it caught the attention of traders swapping ideas on … Read more
Game on again? Gamestop shares jump to brink of $400 in pre-market trading as Trading 212 app lifts its block on the controversial stock The stock moved back up to as high as $393 (£286) in pre-market trading Reddit-fueled meteoric rise was reversed yesterday after Robinhood blocked it UK investors can buy it again through Trading 212 … Read more
Rock-bottom interest rates spark share trading surge: Long-suffering savers turn to investment platforms as they try to put their money to work By Lucy White For The Daily Mail Published: 21:50 GMT, 21 January 2021 | Updated: 21:50 GMT, 21 January 2021 Britain’s army of savers are turning into online investors amid rock-bottom interest rates … Read more
The City’s last open outcry trading ring – at the London Metal Exchange (LME) – could close after 144 years. The site where traders shout at each other across the floor to set the world’s metal prices has been shut since Covid struck in March. But bosses at the LME now believe it is the … Read more
London Metal Exchange to close ‘open outcry’ trading ring after 144 years after Covid forces it to modernise By Daily Mail City & Finance Reporter Published: 22:55 GMT, 19 January 2021 | Updated: 22:55 GMT, 19 January 2021 The trading ring at the London Metal Exchange (LME) could close after 144 years. The site where … Read more
ALEX BRUMMER: Upgrade for London trading as the EU waves through LSE’S £22bn merger with former Reuters platform Refinitiv By Alex Brummer for the Daily Mail Published: 23:03 GMT, 13 January 2021 | Updated: 23:04 GMT, 13 January 2021 Those who doubt the resilience of the City outside the EU have received a sharp reminder … Read more
Sainsbury’s records £330million profit for 2020 after Christmas and Black Friday trading surge with 1.1MILLION online orders in the 10 days before Christmas Britain’s second largest supermarket chain thought profit would be £50m less Huge sales from Black Friday and just before Christmas catapulted revenue up Sainsbury’s also owns Argos, which saw sales rise 8.4% … Read more
The London stock market soared by more than 2 per cent today as investors gave a thumbs-up to Britain’s post-Brexit trade deal with the European Union. The FTSE 100 was up by 2.23 per cent or 145 points to 6,647 this morning, in its first day of trading since the dramatic agreement was reached on … Read more