Proactive Investors News

FTSE 100 closes higher as attention turns to July's Fed minutes

FTSE 100 closes higher Sterling's loss is Footsie's gain All eyes on Fed minutes FTSE 100 closed higher midweek as traders awaited the publications minutes from last month's US Federal Reserve meeting. Traders hope the tone from the US monetary policy committee meeting will be towards a further easing of interest rates, rather than a tightening of policy, which is making dealers buy up shares. "In late July, the Fed cut rates, and dealers are banking on dovish language in the report, which might signal further rate cuts this year," noted David Madden, analyst at London-based CMC Markets. >>>

Galileo Resources set to apply for mining permit at Star zinc project

Galileo Resources PLC (LON:GLR) is to apply for a mining permit at its Star zinc deposit in Zambia after publishing a JORC-compliant mineral resource estimate for the project. The MRE supports the previously reported initial findings of approximately 500,000 tonnes at 16% Zinc for 77,000 tonnes of contained metal above a cut-off grade of 2% Zinc. This includes approximately 340,000 tonnes at 21% Zinc for 72,000 tonnes of metal above a cut-off grade of 8%. >>>

Ryanair seeks injunction to stop UK pilot strike

Ryanair Holdings PLC (LON:RYA) is seeking a High Court injunction to block strike action by its UK pilots later this week. The walkout is due to begin at midnight on Thursday until the end of Friday, with another two days of action planned from 2-4 September. READ: Ryanair profits hit by tough competition and Brexit uncertainty The British Airline Pilots Association (BALPA), which represents the striking pilots, said on Monday that the Irish budget carrier had lost the chance to resolve its dispute with the pilots by wasting time on “unnecessary court action”. >>>

Tech minnows Blackbird and Cloudbuy flap skyward

Shares in Blackbird PLC (LON:BIRD) flapped 9% higher to 8.43p on Wednesday afternoon after the cloud video platform operator said it would be presenting alongside Google at an upcoming media trade fair. The AIM-listed company, which formerly known as Forbidden Technologies, trumpeted the news that it will be appearing at the Google Cloud Partner Pavilion at the IBC 2019 conference in October. “Google Cloud and Blackbird working closely together on solutions for the sports, news and entertainment industries delivers enormous productivity gains for companies,” said Blackbird boss Ian McDonough. >>>

Useful Links

Chart and Compare - by Fidelity
Portfolio X-Ray - by Morningstar
Short Tracker - Short Interest Tracker

Motley Fool UK

Make your child an even better investor than you are

Saving for children or grandchildren? Here's why you need to take a few risks on their behalf.

How Warren Buffett’s tips can help you generate a growing passive-income stream

Following advice from the ‘Sage of Omaha’ could enhance your passive-income stream and lead to improving financial prospects in the long run.

Just how low can the Aviva share price go?

The Aviva plc (LON: AV) share price is on the slide again, but here's why I think the market has got this top dividend stock all wrong.