26.65p+0.15 (+0.57 %)03 Dec 2020, 10:38
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Week closes with UK markets bloodbath as panic tightens its grip ahead of the weekend

It was an absolute bloodbath for UK shares on Friday as growth fears escalated from the spreading coronavirus outbreak, leaving markets staring down the barrel of a second straight week of losses. Even the US Fed rate cut earlier in the weak failed to dent the negative mood. There were further hefty losses on US markets in afternoon trade with the S&P 500 making another near-3% fall to ...

News in brief: Axiom European Financial Debt, Smurfit Kappa, ITE, Victrex, Ceres Power, VP, Private & Commercial Finance

Bank hybrid fund launch Investors keen to invest in high yield subordinated bank debt could investigate Axiom European Financial Debt, which will soon join the stock market. The Guernsey-based closed-end fund will buy ‘hybrids’, bonds which convert into equity if a bank’s capital buffers fall below required levels. The fund is aimed at institutions and sophisticated ...
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