Confident Investors Crowd the Floor as Luminar Looks Towards New Dawn
Shares of Luminar jumped by almost 25% after the embattled nightclub operator alayed mounting concern on its financial and operational stability.
The group, which has lost more than 80% of its value over the past year after a series of profit warnings, revealing that it had secured outline agreement with its banks over a new three-year debt facility..
Fuel Diverted to UK
UK is now set for an unexpected supply of heating fuel in time for the winter as tankers carrying liquefied natural gas are being diverted form blockaded French ports.
Striking workers at the Montoir-de-Bretagne terminal in the Loire estuary have preventeed vessels from unloading LNG this week.
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Goldman Traders Leave
Goldman Sachs took a step closer to closing down a core part of its proprietary trading business when KKR hired 9 traders who invested the Wall Street bank’s own cash.
Head of Goldman’s principal strategies desk in New Yor—Bob Howard will take his own team to KKR in the next January.
Big Banks Awarded Concession on Taxes
HSBC and Standard Chartered were thrown a modest concession when the Government published details of its planned GBP 2.5 billion-a-year tax on banks.
The new levy will go ahead as planned on January 1, raising hundreds of millions of pounds from all the main high-street banks. However it included a change that benefited UK banks with large numbers of foreign depositors.
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Home Scheme’s End Leaves GBP 400m Bill
The termination of government support for home buyers has left taxpayers holding GBP 400 million of mortgage debt considered too high risk to be taken on by banks.
However, the scheme has also left the state exposed to the riskiest slice of a GBP 2.5 billion bundle of mortgages.

