Proactive Investors News

FTSE 100 closes ahead as oil gushes higher after Trump tweet

FTSE 100 closes up over 25 points US stocks also higher Hays decimated after it reveals "a very material deceleration in client and candidate activity" 5.45pm: FTSE 100 closes up FTSE 100 index closed in positive territory on Thursday, while US stocks were also seeing green after President Trump appeared to spark a huge rally in the oil price. Footsie closed up over 25 points at 5,480 with resource stocks, unsurprisingly, top of the pile. Brent crude added over 225 to US$30.35 a barrel, while US benchmark crude rose over 23% to US$25.19 after Trump tweeted that he had spoken with the Saudi Crown Prince and he hoped that Saudi Arabia and Russia would cut around 10million barrels from supply, maybe more. >>>

Proactive news snapshot: United Oil & Gas, Corero Network Security, OptiBiotix Health, Genel Energy …

United Oil & Gas PLC (LON:UOG) shares rose on Thursday as the firm highlighted strong production growth in Egypt whilst detailing its response to “considerable challenges” across the industry amidst the coronavirus pandemic and weak crude prices. In a statement, the group said production in Egypt measured around 8,400 barrels oil equivalent per day (boepd) gross, or 1,850 boepd net, reflecting a doubling of output since this time last year. >>>

Brunner Investment Trust relishes its geographic diversity

Formed in 1929 and managed by Allianz Bruner has a global and sector agnostic remit The trust is one of trade body the AIC’s ‘dividend heroes’   How it’s doing Brunner Investment Trust PLC (LON:BUT) has been around a long time and is a balanced fund focusing on income allied to capital growth. Formed in 1929 by the Brunner family (who still own a 29% stake), the trust is now managed by Lucy Macdonald, the head of global equity investment at German giant Allianz, the trust’s manager. >>>

Star Phoenix "rises from the assets"

Star Phoenix Group Ltd (LON:STA) shares doubled to 3p after it completed a debt restructuring and the sale of Range Resources Trinidad Limited. The oilfield services provider said following the sale, all of the company’s debt and payables (US$95.1 million as at 31 March 2020) to LandOcean have been offset and repaid, and all debt agreements with LandOcean have been terminated. In addition, as previously announced LandOcean has paid the company a total cash consideration of US$1,508,000 to date. >>>

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The ISA deadline is Sunday. Here’s what I’d do now

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Here’s why I’d still buy shares in FTSE 100 banks with dividends suspended

FTSE 100 banks have suspended dividend payments to shareholders, causing distress to income investors. But here’s why I’d still buy shares.

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FTSE 250 dividend stocks! Should you buy this 8% yield for your ISA?

This FTSE 250 dividend stock offers seriously mega yields at recent prices. Is it too good to miss out on?

The post FTSE 250 dividend stocks! Should you buy this 8% yield for your ISA? appeared first on The Motley Fool UK.