London View

Russia Reacts to Rouble Trouble

Just a day after the Russian Central Bank raised the interest rate from 10.5% to 17%, the Russian Finance Ministry has begun selling off its remaining foreign currency stock, reported by Reuters as standing at around $7 billion. The short-term effect of the announcement saw the Rouble gain at the Dollar’s expense, with USD/RUB reaching 1:64.34 at one point. However, since then the Rouble has dropped slightly again, with USD/RUB currently standing at around 1:66.78.

What’s Up

Dixons Carphone – Dixons Carphone stock is currently up by around 3.5% after the group announced a 5% increase in year-on-year revenue for the first six months of the merged company’s existence. The group CEO, Sebastian James, also stated that the post-merger consolidation process was going so smoothly that it’s now expected to be completed a year earlier than expected.

What’s Down

Delta Airlines - Delta Airlines suffered a 5% hit yesterday after reports emerged on Monday for mobile boarding pass technology glitch that allowed passengers to access other passengers flight information. Last night the airline announced that it has fixed the glitch, with the stock subsequently rising by 0.93% in after-hours trading.