If we took a straw poll of readers and asked which country has the world's biggest sovereign wealth fund, the chances are Saudi Arabia and Singapore would come high up the list if not at the top.In fact, the largest is Norway's Government Pension Fund Global which has a value of more than $1.6 trillion.When the country discovered large offshore oil fields at the end of the 1960s, the government de

London?s FTSE 100 edged lower after the opening bell on Wednesday, as investors moved with trepidation as eyes turn to a US inflation reading due later in the week.The FTSE 100 index opened down 13.02 points, 0.2%, at 7,917.94. The FTSE 250 was down 23.35 points, 0.1%, at 19,754.29, and the AIM All-Share was up 0.27 of a point at 739.79.The Cboe UK 100 was down 0.2% at 791.57, the Cboe UK 250 was

David is a 41-year-old IT consultant who first got interested in investing in 2004 after buying shares in his employer when it floated on the Indian stock market.He then started investing in the UK and US markets for his ISA and SIPP (self-invested person pension). The ISA is used to house stocks while the SIPP is comprised of funds and investment trusts.David still owns shares in the Indian compa

- Second disappointment in as many months- Full year earnings forecast cut by 18%- Shares fall by a third as investors boltKettle safety controls group Strix (KETL:AIM) served up its second profit warning in two months in an unscheduled trading update on Wednesday, sending the shares crashing by a third to 83.5p which leaves them down 72% for the year.The company said ongoing lockdowns in China ha

The UK can make fair claim to global leadership in industries as diverse as financial services, medical research, artificial intelligence, the arts and electronics. Strix (KETL:AIM) slips neatly into the latter category, and even if the name is new to you, its technology is probably not.Isle of Man-based Strix has become the world leader in the design, manufacture and supply of kettle safety contr

THIS IS AN ADVERTISING PROMOTIONStrix (KETL:AIM) is an Isle of Man based global company and a world leader in the design, manufacture, and supply of kettle safety controls in addition to other components and devices. It has been admitted to trading on the AIM Market of the London Stock Exchange, and has grown into a global business.A new 'Sustainable. Innovative. Dependable' Strategy was recently

The biggest director deals by value over the last week were concentrated on the sell side and came amid strong recent trading updates.INCREASING SHARE LIQUIDITYDigital transformation group TPXimpact Holdings (TPX:AIM), formerly known as The Panoply Group, orchestrated a block sale of 8.2 million existing shares to institutions at a price of 230p on 20 October, representing 9.7% of the share capita

The biggest director deals by value over the last week were concentrated on the sell side and came amid strong recent trading updates.INCREASING SHARE LIQUIDITYDigital transformation group TPXimpact Holdings (TPX:AIM), formerly known as The Panoply Group, orchestrated a block sale of 8.2 million existing shares to institutions at a price of 230p on 20 October, representing 9.7% of the share capita

A surprise increase in US jobless claims raised some doubts about the recovery as the FTSE 100 surrendered its earlier modest gains to trade 0.4% lower at 6,968.30.In the US the S&P 500 was broadly unchanged by 4.30pm UK time.FTSE 250 construction firm Morgan Sindall (MGNS) was one of the day's big winners, surging 13.1% to £23.92 as it unveiled its fourth round of earnings upgrades in the last 1

The FTSE 100 had crept above the 7,000 mark by midday as investors awaited the latest update on monetary policy from the European Central Bank and jobless claims from the US later.FTSE 250 construction firm Morgan Sindall (MGNS) was one of the day's big winners, surging 12% to £23.68 as it unveiled its fourth round of earnings upgrades in the last 12 months.Anglo-Dutch consumer goods giant Unilev

UK stocks inched higher after two days of strong gains in US markets. At 8.30am the FTSE 100 index was up 7 points to 7,005 points led by house builders and leisure stocks while consumer goods and utility companies were on the back foot.Oil prices retreated slightly after a strong bounce overnight with Brent crude futures dipping 0.2% to $72 per barrel while the gold price retreated to $1,800 per

The FTSE 100 closed lower on Thursday after the health secretary said reopening on 21 June remained 'in the balance' due to the increasing spread of the Indian variant while France said it would place restrictions on UK travellers from the end of the month.US weekly jobless claims came in better than expected at 406,000, a new pandemic low while the durable orders report showed businesses spending

FTSE drifted lower at midday on Thursday as gains in resource stocks was offset by falls in oils. At midday the FTSE 100 index of leading shares was 0.15% lower at 7,017 points, while the domestically oriented FTSE 250 index was 0.15% higher at 22,674 points, helped by gains in Trainline (TRN) and Meggitt (MGGT).There is a raft of US economic data due to be released this afternoon including weekly

UK stocks traded sideways on Thursday as gains in mining and aerospace stocks were offset by weakness in utilities and consumer names. By 9am the FTSE 100 was down 3 points at 7,024, while the FTSE 250 mid-cap index was up 4 points at 22,644.Overnight, markets in America and Asia were largely unchanged as investors sat on the sidelines ahead of crucial trade talks between the US and China later to

A rebound in oil prices after a container ship blocked the Suez Canal helped the FTSE 100 finish in positive territory on Wednesday following a jittery start.By the close, the blue chip benchmark was 0.2% higher at 6,712.89 with oil majors Royal Dutch Shell (RDSB) and BP (BP.) both catching a bid, gaining 1.4% to £13.87 and 2% to 301.6p respectively.BALLY'S BETS ON GAMESYSIn corporate news, onlin

Shares in kettle safety controls group Strix (KETL:AIM) steamed 5.2% higher on Wednesday to 273.5p as it said a strong second-half performance had continued into the current year.One year on from the first UK lockdown, Strix has proven the flexibility and resilience of its business, significantly outperforming management's base case at the time.For the 12 months to 31 December 2020 pre-tax profit

On the day markets went into euphoria as US pharmaceutical giant Pfizer announced its Covid-19 vaccine was 90% effective, its chief executive had cashed in to sell 62% of his holding.Albert Bourla sold 132,508 shares at $41.94 each, according to filings with the US Securities and Exchange Commission, netting a total of around $5.6 million.Pfizer insisted the shares were sold under an automated sys

The FTSE 100 closed 1.2% higher to 5,899 on Wednesday, regaining some of the heavy losses at the start of the week with investors seemingly relieved that the Government has chosen to implement the lightest lockdown restrictions possible.The export-sensitive index also gained some impetus from a weaker pound after the UK government unveiled long-lasting restrictions to tackle a second wave of coron

The FTSE 100 surged 2% to 9,547 by early afternoon on Wednesday, regaining some of the heavy losses at the start of the week.The export-sensitive index gained some impetus from a weaker pound after the UK government unveiled long-lasting restrictions to tackle a second wave of coronavirus infections that threaten to derail a fragile recovery in economic activity.While helping investor sentiment wa

Global leader in the design and manufacture of kettle safety controls Strix (KETL:AIM) reported half-year revenues to 30 June down 21% to £34.7 million and operating profits down 12.5% to £10.6 million.The company also announced it has entered into an agreement to acquire LAICA, an Italian water purification and small household appliance company for an initial €19.6 million. The shares dro