After peaking last week at 35p, shares in Nigeria focused Afren have had a tough time over the last few days, currently trading at 21p. Reports by Sky news later confirmed by an RNS at 6.30pm on Monday that it was working with Morgan Stanley on a possible financial restructuring…

After last week’s dramatic decision by the Swiss Central Bank to remove the ceiling on the swiss franc against the euro the repercussions for many FX brokerages are ongoing. Some brokers claim that they only act as an intermediary taking positions made by clients as opposed to acting as a counterparty.

The eagerly anticipated quarter four 2014 GDP data for China was published earlier today and it painted a disappointing picture though broadly ahead of analyst expectations.

Last Thursday’s surprise move by the Swiss Central Bank to remove the currency ceiling against the euro had dramatic implications and hit many Foreign Exchange brokers hard. T

Chinese shares had a record 7.7% drop today after an unprecedented 53% gain in 2014 after financial regulators finally clamped down on speculators buying shares on margin. The Shanghai Composite Index dropped 260 points to close at 3117, the largest fall since June 2008 after the index hit a 65 month high on Friday. Prior to today’s losses, the index was up 4.4% for the month to date with financials dropping 9.6%, with all 14 banking stocks down by their maximum  [read more →]

Nigeria focused Afren is having a hot couple of days after details of a refinancing emerged from Seplat yesterday afternoon.

The FTSE 100 is having another roller coaster day as an initial surge on the back of the 150 point drop yesterday faded as once again Brent Crude fell back 3% to $48.38.

Brent Crude is down yet another 3% to just shy of $46 a barrel as the selling pressure on futures appears relentless. A new six year low.

After a 70% plus increase in the Quindell share price last week, the shares are up another 29% to 108p today after announcing some crucial board changes and an update on its cash position as well as a status update on the PwC review.

Tesco is currently up 13% or 24p to 206p as new Chief Executive, Dave Lewis, also known as drastic Dave during his time at his previous role at Unilever, took some drastic steps to put the retailer back on course.