Latest Market News

Dec 28
Consumer warning on Renaissance Advisory Ltd

We have removed Renaissance Advisory Ltd’s permissions. It is therefore no longer authorised to carry out any regulated activities. Any investments with Renaissance may not be protected.  Renaissance Advisory Ltd’s connections with Marvell Enterprises Ltd Renaissance is connected with Marvell Enterprises Ltd, which we recently issued a consumer warning about. Marvell appeared to have been […]

Dec 28
So long LIBOR – 3 weeks to go

Keynote speech by Edwin Schooling Latter, Director of Markets and Wholesale Policy and Wholesale Supervision at the FCA, delivered at Risk.net’s LIBOR telethon on 8 December 2021. Speaker: Edwin Schooling Latter, Director of Markets and Wholesale Policy and Wholesale Supervision Location: Risk.net’s LIBOR telethonDelivered on: 8 December 2021Note: this is the speech as drafted and may differ from the […]

Dec 28
FCA issues final messages on LIBOR before end-2021

Home News FCA issues final messages on LIBOR before end-2021 News stories First published: 10/12/2021 Last updated: 10/12/2021 Today we have issued our final LIBOR publications before the important end-2021 deadline. In a speech delivered earlier this week, Edwin Schooling Latter, Director of Markets and Wholesale Policy and Wholesale Supervision, outlined the remaining actions firms need […]

Dec 28
Novavax's stock rallies after its COVID-19 vaccine is granted EUA in India

Shares of Novavax Inc. NVAX, +6.01% hiked up 2.9% in morning trading Tuesday, after the Maryland-based biotechnology company and vaccine manufacture Serum Institute of India Pvt. Ltd. said Novavax’s protein-based COVID-19 vaccine, Covovax, has been granted Emergency Use Authorization (EUA) in India by the Drugs Controller General of India. The vaccine will be made and […]

Dec 28
S&P 500 logs intraday record high early Tuesday as stock-market gauge aims for 4,800 in 2021

Stock benchmarks trade mixed but were mostly edging higher Tuesday morning, with the S&P 500 on track for a record close—its 70th of 2021—as investors look toward 2022 with optimism, despite record COVID-19 cases, aided by the spread of the omicron variant. The S&P 500 index SPX, +0.16% was trading up less than 0.1% but […]

Dec 28
STORE Capital terminates executive chairman 'without cause'

STORE Capital Corp. STOR, -0.29% disclosed Tuesday that it has terminated Executive Chairman Christopher Volk “without cause.” As a result, Volk will resign as chairman of the board and as a board member or as manager of any company affiliates. Shares of the real estate investment trust focused on single-tenant operational real estate were little […]