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08 February
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Bahamas Petroleum shares collapse after drilling update By Investing.com

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By Samuel Indyk Investing.com – Shares in Bahamas Petroleum Company Plc (LON:BPCB) (BPC) fell by over 66% after the company announced that volumes of oil encountered from drilling at its Perseverance #1 well were not commercial. Perseverance #1 was the first exploration well in the Bahamas for decades and the announcement that hydrocarbons were not commercial will have disappointed investors. “The data gathered...

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08 February
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Riot Blockchain Gets a New CEO; Shares Jump By Investing.com

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By Liz Moyer Investing.com -- Riot Blockchain Inc (NASDAQ:RIOT) jumped 22% on Monday after the bitcoin mining company announced a new CEO, Jason Les. In addition, Hannah Cho was named an independent director on the company's board. In a statement the company said Les has been deeply involved with Bitcoin since 2013, "with significant experience in both mining and as an engineer studying...

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08 February
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FTSE 100 maintains march higher as miners rally By Investing.com

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By Samuel Indyk Investing.com – The UK’s FTSE 100 was higher heading towards midday as miners and financials once again push the index upwards. Cyclical sectors were all firmly in the green on prospects for higher growth in the coming months as the global vaccine effort continues to pick up pace. Miners lead the index higher with Anglo American PLC (LON:AAL)...

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08 February
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No formal contracts awarded yet for quarantine hotels, says UK PM’s spokesman By Reuters

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LONDON (Reuters) - Britain has yet to award any formal contracts to hotels or other accommodation to house those who have to quarantine after arriving in the country from abroad, a spokesman for Prime Minister Boris Johnson said on Monday. The mandatory 10-day stay in government-provided accommodation, first announced last month, is designed to tighten borders against variants of the coronavirus which...

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08 February
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Once a ‘stonk,’ Hertz reveals dilemma companies face in Reddit frenzy By Reuters

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By Jessica DiNapoli, Mike Spector and Koh Gui Qing NEW YORK (Reuters) - Months before the irrational trading in GameStop Corp (NYSE:GME), there was Hertz Global Holdings Inc. Operating under bankruptcy protection last spring once the COVID-19 pandemic wiped out its business, the car-rental giant confronted an extraordinary situation: Its stock...

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08 February
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ICE to move EU carbon trading to Netherlands from London in Q2 2021 By Reuters

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By Susanna Twidale LONDON (Reuters) - Intercontinental Exchange (ICE (NYSE:ICE)) will move its trading of European carbon futures and options to its Netherlands-based exchange in Amsterdam from London in the second quarter of the year to ease trading for members, it said on Monday. EU carbon allowances (EUAs) are the currency used in the EUs emissions trading system (ETS), the 27-member bloc's main...

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08 February
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Tesla, Palantir and Hasbro Rise Premarket; Apple Falls By Investing.com

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By Peter Nurse  Investing.com -- Stocks in focus in premarket trade on Monday, February 8th. Please refresh for updates. Tesla (NASDAQ:TSLA) stock rose 2.3% after the electric car maker announced in a SEC filing it bought $1.5 billion in bitcoin in January. Earlier Chinese state-owned publication The Global Times said China’s market regulator and four other government departments summoned the electric...

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08 February
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UK lowers terrorism threat level to “substantial” By Reuters

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LONDON (Reuters) - Britain's terrorism threat level from international terrorism has been lowered to 'substantial' from 'severe', the third highest tier which means an attack is deemed to be likely as opposed to highly likely. The threat level is set by the Joint Terrorism Analysis Centre and the security services. It has five levels moving from low to moderate, substantial, severe...

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08 February
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Final WTO talks under way on selecting new leader, delegates say By Reuters

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By Emma Farge GENEVA (Reuters) - World Trade Organization members are conducting final consultations this week on selecting a new director-general (DG) and are widely expected to endorse Nigeria's candidate at their next formal meeting, delegates said on Monday. Washington backed Nigerian former finance minister Ngozi Okonjo-Iweala on Friday, reversing its previous opposition and prompting her to express optimism about her appointment....

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08 February
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UK shopper numbers up 6.7% last week on “lockdown fatigue” By Reuters

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LONDON (Reuters) - Total shopper numbers across British retail destinations rose by 6.7% in the week to Feb. 6 versus the previous week, adding to evidence of lockdown fatigue, market researcher Springboard said on Monday. "With shopper activity increasing for the past three weeks despite all but essential stores remaining closed, the results are delivering ever more compelling evidence of escalating lockdown...

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