MARKETS

Dufil Prima Foods Raises N10bn  under  its  N40bn Bond Programme

MARKET NEWS By Goddy Egene Dufil Prima Foods Plc has successfully raised N10billion  under its N40 billion Issuance programme. The Series 1 issuance achieved a 100 per cent subscription level with participation from a wide array of domestic (pension fund administrator, fund managers and commercial banks) and foreign investors. The Series 1 bond was issued at a fixed coupon rate of ...

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BP plc (BP) Stock Rating Reaffirmed by Kepler Capital Markets

Kepler Capital Markets reissued their reduce rating on shares of BP plc (LON:BP) in a report published on Friday, September 15th. They currently have a GBX 430 ($5.78) price objective on the oil and gas exploration company’s stock. Several other brokerages have also weighed in on BP. Deutsche Bank AG set a GBX 515 ($6.93) price target on shares of ...

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Should Your Next Investment In The Financial Industry Be In Queste Communications Ltd (ASX:QUE)? – Simply Wall St News

Queste Communications Ltd (ASX:QUE), a AUD$1.68M small-cap, is a capital market firm operating in an industry, which has recently been facing serious existential threats resulting from potential disintermediation and disruption from new technology. Many banks and capital markets firms, particularly the large, complex institutions, have been simplifying their business and operating models over the last few years, both for economic ...

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The power struggle over trust-based technology

Technology blogs and financial news networks are buzzing about blockchain, a cryptographic, distributed trust technology. The key innovation is how it reduces the need for central third-party institutions to serve as central authorities of trust — banks, courts, large corporations, stock markets and even governments, for example. Distributed trust enables co-operative forms of organization without a centre. It can distribute ...

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Investors earn N2.97tr in nine months

•Got N765b in three months Equities’ investors at the stock market netted N765 billion in the three-month period that ended September 30, pushing the year-to-date gain for the first nine months of the year to N2.97 trillion. Despite a recurring profit-taking trend that led to tepid performance in September, quoted equities drew on strong rallies in the early months of ...

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While commodity prices hamper farmers, food processors expand in Michigan

As farmers across the state struggle to turn a profit in an era of depressed commodity prices, one aspect of agribusiness — food processing — continues to grow in West Michigan. While lower commodity prices affect profitability on the farm, they also encourage farmers to seek out processing capabilities closer to home to boost margins. That element, combined with rising ...

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Bitcoin Bug Bites Japan and South Korea as China Clamps Down

“Japanese people tend to be very conservative with their investments, but once they get triggered they go all in,” said Yuzo Kano, the founder and chief executive of bitFlyer. In South Korea, trading ticked up after the country’s largest company, Samsung, announced in May that it had joined a large alliance of global companies aimed at finding corporate use for ...

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With US stocks, growth trumps quality

US investors are not rewarding companies for generating good earnings consistently, opting instead for a stock-picking strategy that might be called “growth at a high cost”. High-quality stocks selected for their strong balance sheets and stable earnings have appreciated just 12 per cent this year, according to Goldman Sachs Group Inc, while the broader S&P 500 benchmark index has returned ...

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