CORRECT: Pound Rally Ensures FTSE 100 Ends 2020 As Laggard
Thu, 31st Dec 2020 14:57
(Correcting the performance of global stock indices in 2020.)
(Alliance News) - The FTSE 100 index edged down in Thursday s shortened New Year s Eve session, ending a dramatic year during which London s key stock measure failed to keep up with global peers.
The pound was quoted at USD1.3656 at the London equities close Thursday, up compared to USD1.3593 at the close on Wednesday and up 3.1% since the start of 2020. However, the pound is still around 20% weaker since the 2016 Brexit vote.
The FTSE 100 closed down 95.30 points, or 1.5%, at 6,460.52, ending the week 0.5% lower. For the year, the blue-chip index lost 15%, its worst annual performance since 2008.
IN BRIEF: Ecofin US Renewables Infrastructure IPO Taps USD125 Million
Fri, 18th Dec 2020 14:24
Ecofin US Renewables Infrastructure Trust PLC - invests in US renewable energy assets - Raises USD125 million in initial public offering on London Main Market, with each share priced at USD1.00. Says investment manager, Ecofin Advisors LLC, subscribed for 8.5 million shares, and a fund managed by Capricorn Investment Group subscribed for 22.5 million shares. The non-executive directors of Ecofin US Renewables took 147,481 shares. Stifel Nicolaus Europe Ltd was sponsor and sole bookrunner for the IPO. Trading is expected to begin on Tuesday next week. Says Ecofin Advisers will target renewable energy assets that benefit from supportive government incentives and fixed revenue contracts of 10 to 25 years or more.