US technology sector

It’s Not Too Late To Take Advantage Of The Technology Sector Rally

The spectacular results of the four major US technology firms drove the Nasdaq index to a new record high as it closed the week at 6.701, a rise of 35% since the highs of the technology bubble at the start of the century which was a psychological level many thought would never be recovered.

Oil gap between Brent and West Texas

The Oil Gap Between Brent And West Texas Is Not Entirely Down To The Recent Saudi Moves

The Crown Prince and de-facto ruler of the Saudi Arabia, Mohammed bin Salman, (MBS) launched an anti-corruption drive to safeguard the reform and modernization of the Saudi economy. Oil meanwhile looks to have broken out to the upside, which is very much a function of Brent Crude rather than West Texas Intermediate. The gap down started to open in August with Hurricane Harvey, not now with Saudi developments.

Iberdrola and Endesa affected by drought in Spain

Iberdrola and Endesa’s Results Affected By Impact Of The Drought In Spain

Droughts are not new in Spain, but current year is the third driest year of all time, behind 1981 and 2005. This situation is hitting the hydroelectric capacity of both Spanish utilities Iberdrola and Endesa. In fact, hydroelectric production in Spain fell almost 58% as reservoirs are at 37% capacity when they are normally at 60% during this time of the year.

Fluidra's merger with US Zodiac

Fluidra Merges With US Rival Zodiac

Last Friday afternoon, Fluidra revealed its merger project with its US-based rival Zodiac, world leader in Premium products for swimming pools. The new company, which will keep the name Fluidra and will continue to trade on the Spanish market, will have a presence in 46 countries and a workforce of 5,500.