Trending tickers: Endeavour Mining | Peloton | Bitcoin – Yahoo Finance UK

NatWest chair claimed it is not 'that difficult' to get on the property ladder
Endeavour Mining stock went into free fall this morning as markets opened in London, settling at around 12% lower after news broke on Thursday that its CEO Sébastien de Montessus had been fired due to serious misconduct related to the sale for a company asset.
The moves were made after a board investigation into an “irregular payment instruction” of $5.9m issued by de Montessus.
In a statement, the former executive said that in 2021 he instructed an unnamed creditor of the company to offset an amount owed for essential security equipment, to protect its partners and employees in an unspecified conflict zone.
He added that the transaction did not benefit him in any way, but he had failed to inform the board about the misconduct "which I have freely accepted was a lapse in judgement".
The company is also considering how to respond to allegations made in October about the CEO's personal conduct with colleagues.
Exercise equipment company Peloton stock finished almost 14% higher on Thursday and was continuing its ascent in premarket trade on Friday, after announcing a partnership with TikTok. As part of the deal, Peloton content will be featured on a dedicated fitness hub on the platform.
This marks the first time the exercise bike company will produce bespoke social content for a partner outside of its own channels. With TikTok's more than one billion active users globally, the partnership will bring fresh audiences to its content, which is usually licensed and distributed via its machines.
Read more: LIVE: FTSE 100 and European stocks slip as rate cut hopes waver
Stock was up 1.3% in premarket trade.
Bitcoin has been in the spotlight this week as anticipation ramps up for a US Securities and Exchange Commission (SEC) decision on various spot bitcoin exchange traded fund (ETF) applications working their way through the system.
On Friday, it was up more than 2% to trade at $43,000 after a day of selling on Wednesday which saw it dip to around $41,000.
These ETFs would allow everyday investors to get exposure to bitcoin (BTC-USD) without having to own it, trading it like they would a stock.
The approvals could also expand widespread acceptance of the world’s biggest cryptocurrency, making bitcoin a potential staple in 401(k)s, individual retirement accounts and pension plans used by everyday people.
The applicants include some of the biggest names on Wall Street, from BlackRock (BLK) to Franklin Templeton (BEN), as well as a number of firms better known in the crypto world.
Watch: Markets in 3 Minutes: NFP Friday Is Always Difficult Trading
At 47p, this Fool thinks the Lloyd share price could be a bargain hiding in plain sight. Here, he explains why he's tempted to buy the FTSE 100 bank. The post The Lloyds share price is below 50p! Am I missing out by not buying? appeared first on The Motley Fool UK.
After a sharp selloff on Wednesday, bitcoin prices (BTC-USD) are rallying on Thursday. Investors are eagerly waiting for the Securities and Exchange Commission to announce if it has approved a spot bitcoin ETF. A deadline for the decision is January 10. Yahoo Finance's Jared Blikre breaks down the price action. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Stephanie Mikulich
Piracy in the Red Sea is lifting demand in the industry as vessels take longer routes to avoid the area
Bitcoin (BTC-USD) prices have sured on hopes the Securities and Exchange Commission will approve a spot bitcoin ETF. But, according to Bernstein Global Digital Assets Managing Director and Senior Analyst Gautam Chhugani, there's one thing that has made this rally different. Retail traders have been a big driver of the crypto market. As Chhugani points out, crypto-related bankruptcies and the collapse of FTX “directly hurt” investor confidence, primarily retail investor confidence, since institutions weren't playing a big role. But that has changed. In this cycle, institutions are in the driver seat, according to Chhugani. "Institutions have always been laggards in any crypto… bull market. This time, actually, institutions have led the market," Chhugani argues, pointing to large firms like BlackRock filing for spot bitcoin ETF applications. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Eyek Ntekim
City Comment: Perhaps London shouldn’t go chasing every tech float going
Average UK house price ended last year £4,800 higher than at end of 2022.
Britain’s car market has shrunk permanently since the pandemic as the rise of home working and shift towards net zero hammers sales, industry chiefs have said.
The FTSE slipped while US stocks rose after US non-farm payroll data beat expectations.
2023 was a bumper year for savings. After years of rates just barely above zero, savers could finally look forward to earning sizeable amounts of interest.
The average loss per pound invested was 28p
Pensioners could pay the price of funding Labour tax cuts for working people, a leading think tank has warned.
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First Direct and TSB were among the latest lenders cutting rates
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India's Gujarat International Finance Tec-City, or GIFT City, has given approval to billionaire Azim Premji's wealth fund to set up a family investment fund in the financial hub, two sources with direct knowledge of the matter said. Prime Minister Narendra Modi has been looking to revive this decade-old project in his home state, with new breaks aimed at drawing in foreign brokers and companies. Family investment funds (FIFs) are a type of investment fund managed by a single family and are typically used to invest in diverse assets, including securities, shares, and bullion.

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