ArvinIG

Hi @Dominic4782, On the dealing ticket you will find the information in stop/limit: On some market the stop or limit will need to be further away as set by the Dealing desk. I hope that it helps! All the best - Arvin

Hi @MonoxyCzupi, Thank you for you message. It seems that you have a normal share dealing account and not an ISA account. In terms of the P/L ,The stocks might be in different currencies. Once you add the position tab to your Workspace, you will be able to set the P/L in your base currency: You will find more details on ISA accounts here. All the best - Arvin

The Metro Bank share price has fallen 95% since the beginning of 2019. After private equity giant Carlyle pulled out of a takeover proposal last week, what are its prospects for 2022? Source: Bloomberg Shares Bank Metro Bank (United Kingdom) The Carlyle Group Stock Private equity At its launch in 2010, Metro Bank (LON: MTRO) was the first UK high street bank to open in over a century. Six years later, its IPO on 10 March 2016 saw the challenger bank’s share price open at 2,200p. And by 28 February 2018, it had soared to its all-time high of 3,952p. But after falling to 2,196p by 18 January 2019, disaster struck for the retail and commercial banking outfit. The Prudential Regulation Authority (PRA) discovered that it had misclassified hundreds of millions of pounds of high-risk commercial property and buy-to-let loans. Metro Bank was forced to issue an additional £350 million of shares to meet its capital requirements in case some of its debtors defaulted. Chairman Vernon Hill resigned, and the bank also had to scale back its growth plans. By March 2019, it was one of the most shorted shares on the UK market. Some customers were starting to close their accounts and withdraw their deposits. The Metro Bank share price is now down 95% from 2,196p to 101p and has hovered around that level since the market mini-crash of March 2020. Carlyle exits takeover plan On 4 November the Metro Bank share price rose 29%, from 103p to 133p on the news that private equity giant Carlyle had entered into buyout talks with the struggling challenger bank. But on 17 November, Carlyle informed investors that it had ‘agreed to terminate discussions.’ In response, Metro said that its board ‘strongly believe in the standalone strategy and future prospects.’ The bank’s share price promptly fell back to its current price of 101p. When Carlyle announced the plan, Goodbody analyst John Cronin suggested that it could be a ‘deep value play’ for the private equity group, as a combination of Metro’s repositioning and the prospects of increasing UK interest rates could see profits begin to soar. And as it now appears that a rate rise is almost inevitable, it may leave investors wondering why Carlyle would pull out of the proposed deal. However, it may simply be that Metro Bank’s board considered the private equity bid to be too low. Arguably, it could one day return to its former valuation. Or the bank thinks it can secure an improved bid in the near future. But without further information, investors can’t know for sure. And this ongoing uncertainty is another problem for the struggling stock. Source: Bloomberg Metro Bank share price: Q3 2021 results Last month’s third-quarter results did not impress investors. Total deposits fell again, to £16.412 billion, a 1% drop quarter-over-quarter. Meanwhile, total net loans of £12.315 billion were £200 million less than in Q2. However, this also represents an 18% increase over Q2 2020. And CEO Daniel Frumkin remains positive, commenting that ‘the Bank has continued to deliver against its strategic priorities during the quarter. We have seen improvements in our lending mix from our expanded product offering.’ And H1 2021 results were more encouraging. Adjusted underlying revenue rose 14% compared to H1 2020 and was up 47% year-on-year. Moreover, customer accounts rose 20% from 2.0 million in H2 2020 to 2.4 million, reversing the prior downwards trend. But with new online-only competition, including Monzo, Starling, and Wise, Metro Bank's physical presence may prevent it from being the prime challenger it once was. The pandemic has driven more people online than ever before, at the cost of high street foot traffic. Many of its traditional competitors, including Barclays, HSBC, and Lloyds, have all reported record results recently. And they’ve all been closing branches in response to new digital trends. A comeback next year for the Metro Bank share price is not impossible. The bank has repositioned its finances, is growing customer accounts, should grow profits when interest rates rise, and is receiving private equity interest. And its low valuation means there’s plenty of room for share price growth. But it’s been a penny stock at times over the past year. And in the face of stiff competition, it could even have further to fall. Trade over 16,000 international shares from zero commission with us, the UK’s No.1 trading provider.* Learn more about trading shares with us, or open an account to get started today. *Based on revenue excluding FX (published financial statements, June 2020). Charles Archer | Financial Writer, London 23 November 2021

China’s top tech giant Alibaba experienced one of its worst days in US share market. Its share price (NYSE: BABA) dropped harshly by 11% from $161, the day before, to $143 when market closed on Thursday. So urce: Blo omberg Forex Shares Alibaba Group Renminbi E-commerce Investor Even through a 4.07% drop before the report day showing Alibaba Group Holding Ltd (All Sessions) investors had little expectation for the Chinese ecommerce giant given all the bumpy hurdles that it had gone through, the disappointing Q2 earnings still dragged the BABA’s share price down much further. What does the Q2 earnings show? Based on Alibaba’s Q2 earnings, the ecommerce giant reported non-GAAP earnings per share (EPS) of $1.74, missing the estimate of $1.93, representing a shocking 37.7% decline compared to the same period last year. Revenue was also reported as a miss, totalling $31.15 billion as opposed to the estimated $32.05 billion. Annual active consumer globally is the only beat that has reached approximately 1.24 billion, more than four-times the size of Amazon (300 million), with a quarterly net increase of 62 million consumers. Alibaba earnings results Metric Beat/miss/match Reported value Analysts prediction Adjusted EPS Miss RMB 11.20 RMB 12.11 Revenue Miss RMB 200.7B RMB 205.7B Annual active consumers in China Beat 953 M 846.6 M Source: VisibleAlpha Quarterly earnings surprise amoune Fiscal quarter end Date reported Earnings per share Consensus EPS forecast % Surprise September 2021 18/11/2021 1.75 1.93 -9.3 June 2021 8/03/2021 2.16 1.74 24.1 March 2021 05/13/2021 1.1 1.41 -22.0 December 2020 2/02/2021 2.98 2.78 7.2 September 2020 11/05/2020 1.32 1.65 -20.0 Source: Nasdaq.com Why is the market disappointing? Fundamentally, investors are concerned about the company’s long-term profitability. Although the group’s revenue still grew by 29% year-over-year, its adjusted EBITA margin for the most profitable sector ‘commerce’ decreased from 35% in the quarter ending 30 September 2020 to 19% a year after, shrinking by a worrying 45%. Alibaba didn’t deny thinner margin in the report, stating “we expect that our commerce adjusted EBITA margin will continue to be affected by the pace of our investment in key strategic areas”. Actually, Alibaba's operating margin has been declining for some time. In 2014, the company’s margin sat at around 45% when their active user size was only one-fourth of what it is today. This means the ecommerce giant’s margin has been reducing by an average of 12% every year. Adjusted EBITA and adjusted EBITA margin by segments (in millions, except percentages) 2020 2021 RMB Margin RMB US$ Margin Commerce 45,958 35% 33,270 5,163 19% Cloud computing(1) -567 -4% 396 61 2% Digital media and entertainment -710 -9% -931 -144 -12% Innovation initiatives and others(1) -1,970 -189% -2,882 -447 -201% Source: Alibaba On the other hand, Alibaba’s challenge is not just a matter of fundamental valuation, but a matter of risks. As the open window into the impact of Beijing’s regulatory curbs, Alibaba coincided other Chinese stocks listed in the U.S. are reporting similar troubling results this quarter. For example, Tencent last week reported its slowest revenue growth since 2004, fuelled with the growing concern over the company’s long-term picture under the environment that was walloped by macroeconomic and regulatory turmoil. Alibaba technical analysis Over the past twelve months, Alibaba's shares have provided a total return of -37.1%, well below the US 500's total return of 29.9%. From a technical standpoint, the freefall from this week has left a big gap between $146 to $160, which became the critical resistance level if the price is seeking higher in the near term. The candlestick is now sitting in the previous gap from October, with the support level at $139. If the bearish momentum stays, a further down to two-year-low at $130 may be in view. Source: TradingView Take your position on over 13,000 local and international shares via CFDs or share trading – and trade it all seamlessly from the one account. Learn more about share CFDs or shares trading with us, or open an account to get started today. Hebe Chen | Market Analyst, Australia 22 November 2021

Hi @BenGeeMan, Your requested has been submitted. All the best - Arvin

Hi @PeterUK123There is no charge for PRT demo accounts. You can only access it for a limited period of time. At some point you will need to subscribe to live PRT account to access the demo account.You can get access to ProRealTime charts at no extra cost if you transact at least four times in a given month. However, if you don't meet this requirement, or your trading activity is of extremely low value, then a £30 per month fee will apply on the last day of every calendar monthAll the best - Arvin

The FTSE 100 lost 1,000 points when the Bank of England increased the base interest rate in 2018. As inflation soars and consumers are hit by a cost-of-living crisis, the blue-chip index could see its recent rally end. Source: Bloomberg Indices Commodities Inflation Interest rate Bank Interest A common concern for FTSE 100 investors right now is the potential effect of the Bank of England imposing interest rate hikes in the face of rising inflation. And there’s a problem with inflation in the UK right now. The government sets the Bank of England’s inflation target at 2%. In simple terms, this means that if your loaf of bread costs £1 today, a year from now it’ll cost £1.02. Or a new car that costs £20,000 now will cost £20,400 next year, and even more the year after. This motivates consumers to spend money, which helps to grow the country’s Gross Domestic Product (GDP). How far could inflation rise? But if inflation falls below 2%, the incentive to spend also drops off, which can be harmful to the economy. And if inflation rises too far above the 2% target, the cost of essentials like housing, energy and food become so expensive that disposable income is constricted. And this also hurts the economy. According to the Office for National Statistics, the Consumer Prices Index rose to 4.2% in October, up from 3.1% in September. Meanwhile, the Bank of England’s Monetary Policy Committee recently decided to maintain the base interest rate at its record low of 0.1%. But pressure is mounting on the nine-member group to begin to steadily increase it, with many analysts expecting it to reach 1% by the end of 2022. Worryingly, GDP growth slowed to only 1.3% in the three months to September, leaving it more than 2.1% below its pre-pandemic level in Q4 2019. When inflation is running high and the economy is growing strongly, the received wisdom is to raise the base interest rate. If inflation is low, and growth is also slow, then it’s best to lower interest rates. However, the UK (along with the EU and USA) is in a sticky situation where inflation is rising substantially above official targets, while growth is unbendingly slow. And this put the Bank of England in a bind. It can either choose to raise interest rates, which could hit asset classes like the FTSE 100 and kill off the green shoots of the UK’s post-pandemic recovery. Or it allows the cost-of-living crisis to escalate even further. Source: Bloomberg Will the base rate rise in December? Due to rising oil prices, petrol is at its highest price since 2012. The cost of energy is soaring, with multiple suppliers going bust due to the price cap. Meanwhile, the UK is missing 100,000 lorry drivers, leaving shop shelves increasingly bare. Moreover, cheaper goods are more likely to be missing on the shelves as transport space is at a premium. And this hits the poorest consumers the hardest. In addition, the supply chain crisis is wreaking havoc on the price of everyday goods, with the lack of microchips for new cars sending the second-hand car market into overdrive. Moreover, there are currently 1,172,000 job vacancies in the UK, with an unemployment rate of only 4.3%. In this employee market, employers are being forced to raise wages to attract and retain staff. However, they also must increase prices to pay for these wage increases. And in turn, employees demand even higher wages. This ‘wage-price’ spiral can create a damaging and self-sustaining wave of inflation. But taxes are rising soon. National Insurance is going up by 1.25 percentage points next April. Council tax will rise by 5% in most areas. Income tax bands are being frozen until 2026. Corporation tax is increasing to 25% from 19% in 2023. There’s even talk of the student loan repayment threshold for Plan 2 graduates being lowered from £27,295 to as low as £22,000. In theory, this organic limit on income will hit at the same time as inflation is set to peak. This could reduce the need to raise rates significantly higher. What could this all mean for the FTSE 100? First off, it’s worth bearing in mind the age-old adage: time in the market beats timing the market. After the early 00’s dot-com bubble pop, 2008 credit crunch and 2020 pandemic mini-crash, the FTSE 100 has always recovered. Even if in the past, it’s taken years. And rate rises aren’t guaranteed. Forex traders expected the Bank of England to increase the base rate to 0.25% this month. And it declined to do so, arguing that raising rates domestically could do too much damage to the jobs recovery while having little impact on the global supply chain squeeze. But on Monday, Governor Andrew Bailey said he was ‘very uneasy’ about the rising cost of living. And on the assumption that rates do rise soon, the impact on the FTSE 100 is likely to be negative. Many companies on the index carry sizeable debt, which would cost more to service. Any new credit would become harder to acquire, and more expensive to pay back, constraining growth. And the last time rates rose, from 0.5% to 0.75% in August 2018, it lost 1,000 points in less than four months. At 7,256 points right now, the FTSE 100 has gained 15% in the past year. It only needs to rise an additional 7% to reach its all-time high of 7,749 it struck on 31 July 2018. With the European Central Bank warning of ‘exuberance’ in global asset classes, some investors might consider an interest rate hike as the catalyst for a FTSE 100 dip. But if rates do rise, some stocks will benefit more than others. Banks like Lloyds, the UK’s largest mortgage lender, will see profits rise on credit repayments. Mining stocks like Barrick Gold or Glencore should also see rises, as investors seek the relative safety of raw minerals. And energy companies like BP or Shell have also performed well historically. A rate rise offers opportunities to forex traders as well. There’s plenty of opportunities for the savvy investor at IG. What do you think will happen next? Trade what you want, when you want with the UK’s No.1 trading provider.* We have over 80 top global indices with more trading hours than anyone else. Find out more about indices trading or open an account to trade now. *Based on revenue excluding FX (published financial statements, June 2020). Charles Archer | Financial Writer, London 20 November 2021

Please see the expected dividend adjustment figures for a number of our major indices for the week commencing 22nd November 2021. These are projected dividends and likely to change. IG cannot be held responsible for any changes made. Dividends highlighted in red include a special dividend, therefore some or all of the amount will not be adjusted. Amount in brackets is the expected adjustment after special dividends excluded (where shown on major indices). Dividend adjustments due to be posted on a bank holiday will usually be posted on the previous working day. If you have any queries or questions on this please let us know in the comments section below. For further information regarding dividend adjustments, and how they affect your positions, please take a look at the video. NB: All dividend adjustments are forecasts and therefore speculative. A dividend adjustment is a cash neutral adjustment on your account. Special Dividends: Index Bloomberg Code Effective Date Summary Dividend Amount RTY SSBI US 23/11/2021 Special Div 0.06 RTY MNRL US 23/11/2021 Special Div 0.26 RTY DDS US 26/11/2021 Special Div 15 RTY DHIL US 26/11/2021 Special Div 19 RTY RLI US 29/11/2021 Special Div 2 RTY ITIC US 30/11/2021 Special Div 18 RTY BCC US 30/11/2021 Special Div 3 SPX PXD US 29/11/2021 Special Div 3.02 How do dividend adjustments work? This information has been prepared by IG, a trading name of IG Markets Limited. In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients. See full non-independent research disclaimer and quarterly summary.

AUSTRALIAN DOLLAR, AUD/USD, AUD/CAD, EUR/AUD – TECHNICAL OUTLOOK Australian Dollar facing mixed signals vs. USD, CAD and EUR AUD/USD may reverse higher on support, AUD/CAD ranging EUR/AUD downtrend remains despite recent consolidation AUD/USD 4-HOUR CHART The Australian Dollar faces its next potential opportunity to reverse the near-term downtrend against the US Dollar since the beginning of this month. AUD/USD is facing a combination of a rising trendline from August and the 78.6% Fibonacci retracement level at 0.7249. This is making for a critical area of support as positive RSI divergence shows that downside momentum is fading. The latter can at times hint at a turn higher. Still, the 20- and 50-period Simple Moving Averages (SMA) remain downward-sloping. This follows a bearish ‘Death Cross’ from earlier this month. Clearing these lines could be a signal that the Aussie is ready to mount a recovery against the Greenback. Otherwise, clearing immediate support exposes the September low at 0.71660 towards the August low at 0.7103. Chart Created in TradingView AUD/CAD 4-HOUR CHART The Australian Dollar continues to trade within the boundaries of a Descending Triangle against the Canadian Dollar. As such, AUD/CAD could remain in a consolidative state, with a slight downward bias, until a breakout is achieved. For now, the pair has recently tested the upper bound of the triangle floor, which seems to be a range between 0.9096 and 0.9141. The 50- and 100-period SMAs seem to be offering a downward bias, with a ‘Death Cross’ having been established earlier this month. Clearing the 50-period line and 0.9190 could be a signal that prices may turn higher towards the ceiling of the triangle. Otherwise, diving deeper into the floor of the triangle will bring the pair closer to a breakout and the 100% Fibonacci extension at 0.9057. Chart Created in TradingView EUR/AUD 4-HOUR CHART All things considered, the Australian Dollar remains on the offensive against the Euro since August. This is despite recent consolidation in EUR/AUD. The broader downtrend still remains intact, especially with a falling trendline from late August maintaining the downside focus. Still, a bullish ‘Golden Cross’ remains in play from earlier this month between the 50- and 100-period SMAs. Immediate resistance seems to be 1.5745, where clearing the point would expose the trendline highlighted earlier. On the flip side, immediate support seems to be at 1.5444. Breaking under the latter may open the door to retesting the October low at 1.5351. Just under the latter sits the 1.5247 – 1.5287 support zone. These are current 2021 lows set earlier this year. Chart Created in TradingView Daniel Dubrovsky, Strategist for DailyFX.com 19 November 2021 To contact Daniel, use@ddubrovskyFX on Twitter DailyFX provides forex news and technical analysis on the trends that influence the global currency markets. DISCLOSURES

Hi @TCC, It is possible that it is the conversion fee of 0.5% if the stocks are in a foreign currency. What stocks did you sell? Thank you - Arvin

Hi @isaiahb07, You can remove this Window of data. Right click on the chart and select Show > HLOC data: The window won't display anymore. I hope that it helps ! All the best - Arvin

The Tesco share price has soared 27% since March. As the UK's grocery market leader, it's benefitting from strong interim results, takeover rumours, and a rebounding economy. Could a Christmas boom see it rise higher? Source: Bloomberg Shares Tesco Price United Kingdom Tax Lidl At 279p right now, the Tesco (LON: TSCO) share price has climbed 27% since its low of 219p on 4 March. On 9 February, only a month before, each share was worth 312p. However, this sharp decline wasn’t due to any underling business issue. Instead, the grocer had decided to sell its Lotus branded stores in Thailand and Malaysia for £8 billion. £5 billion of this money was returned to shareholders via a special dividend, and this caused the share price to fall by a commensurate amount. After reporting excellent interim results last month, the FTSE 100 retailer could soar if consumer spending increases over the crucial Christmas trading period. Where do you think the Tesco share price will go next? Take your position on UK shares for just a small initial deposit with spread bets or CFDs. Spread bets are completely tax-free, while CFDs are free from stamp duty. You can also buy and take ownership of UK shares for just £3 with us. Open an account to start trading or investing in UK shares. 1. Tax laws are subject to change and depend on individual circumstances. Tax law may differ in a jurisdiction other than the UK. 2. Deal three times or more in the previous month to qualify for our best rate. New to IG? Tesco share price: a bullish buy? Tesco holds 27.6% of the UK grocery market share, making it the largest food merchant in the UK. It has almost twice the market share of its closest competitor, Sainsbury’s. Of course, it’s operating in an intensely competitive space, often pricing goods with wafer-thin margins. And discounters Aldi and Lidl are starting to nip at its heels. But in its interim results on 6 October, Tesco reported that revenue had risen 5.9% from £28.7 billion to £30.4 billion. And profit before tax leapt 107.4% from £551 million to £1.142 billion. Moreover, net debt fell 18.5% from £12.5 billion to £10.2 billion. These are healthy numbers, especially given that the rises are being compared to the lockdown figures from last year’s period, when many of its competitors were forced to close. This strong showing makes Tesco a potential target for a private equity buyout. Its former CEO, Sir Terry Leahy, now works as an advisor for Clayton, Dubilier & Rice. The US firm bought out Morrisons earlier this year in an auction showdown. And while buying out Tesco would be significantly more expensive than its smaller competitor, investment bank Liberum believes UK shares are 30.4% undervalued compared to their US counterparts. Trade Tesco shares now? Source: Bloomberg Staff and supply shortages On the other hand, there’s plenty of headwinds for the grocer. To start with, the labour shortage is making it harder to keep stores fully staffed. Competitor Lidl is increasing hourly pay to £10.10 next year in a bid to retain shop floor employees. Moreover, Tesco is offering £1,000 bonuses to HGV drivers as the lorry driver shortage starts to bite. And its grocery delivery service, which expanded massively during the lockdown era, has run into problems recently. Its website was recently hacked and kept offline for two days. 300,000 customers are currently waiting for Christmas delivery slots. And empty shelves are becoming more commonplace, with the company even resorting to cardboard cut-outs being put in place of fresh food. Having to raise wages will bite into its wafer-thin profit margins. Of course, it could choose to raise prices. But inflation already rose to 4.2% last month and is predicted by the Office for National Statistics to hit 5% by April next year. Of course, it could go much higher than that in specific sectors, including grocery. And hard-pressed consumers may start to avoid higher margin premium products if prices rise too high. But £210 billion has accumulated in the UK bank accounts since the pandemic began. And with Christmas effectively cancelled in 2020, consumers may be prepared to spend extra this year. However, Tesco’s recent advertising campaign left a sour taste in the mouths of some customers when it depicted Santa with a vaccine passport. And Amazon is beginning to launch its own cashier-free grocery stores, with plans to open 260 by 2024. And it has the massive buying power that Tesco’s other competitors lack. If the FTSE 100 grocer can manage inflation, supply chain issues, and staffing costs, the Tesco share price could continue to soar. It’s a potential buyout target and is delivering consistently healthy results. However, if disposable incomes become too squeezed, the grocery price war could well intensify. And with margins already under pressure, a cloud could be cast over Tesco’s Christmas cheer. Open your account Charles Archer | Financial Writer, London 19 November 2021

Hi All, Could you please clarify which stocks are you after? I checked on a All sessions US stock both share dealing and CFD account the GTC option is there. Share dealing: CFD: Thank you - Arvin

HI NRoberts, You can find the IPOs on the trading platform here: More details on Grey markets here. All the best - Arvin

Hi @pap, Lucid Group Inc is already on the IG platform for share trading and leverage: Let us know if you need further assistance All the best - Arvin

Hi @codent, The trading hours for lumber are 15.00 - 21.05 Please let us know if you are facing the same issue during trading hours. Thank you - Arvin

Hi @globetrotter. You can sign up for a MT4 demo account from this link below: https://www.ig.com/uk/trading-platforms/metatrader-4/mt4-demo-account#create If you already have the MT4 platorm you can create a demo account by Clicking on file > Open an account > Select IG-Demo > Click Next > Select New Demo Account > Enter Details > Finish I hope that it helps ! All the best - Arvin

The Royal Dutch Shell share price has soared this year as the price of oil hits a multi-year high. Could its proposed move to London and accelerated green transition see it rise back to pre-pandemic heights? Source: Bloomberg Commodities Price of oil Petroleum Price Share repurchase United Kingdom At 1,684p today, the Shell (LON: RDSA) share price is down 5% in the past month. But it’s up 18% in the past six months, and 86% from its pandemic low of 904p on 2 October 2020. But at the beginning of January 2020, it was 2,306p. This was less than two years ago. And as the share price has been steadily rising over the past twelve months, optimists believe it could return to this price before long. Booming oil prices, increasing investment in green energy, and this week’s announcement of a headquarters move could all be catalysts for further upwards movement. Where do you think the Shell share price will go next? Take your position on UK shares for just a small initial deposit with spread bets or CFDs. Spread bets are completely tax-free, while CFDs are free from stamp duty. You can also buy and take ownership of UK shares for just £3 with us. Open an account to start trading or investing in UK shares. 1. Tax laws are subject to change and depend on individual circumstances. Tax law may differ in a jurisdiction other than the UK. 2. Deal three times or more in the previous month to qualify for our best rate. New to IG? Shell share price: headquarters move Like a younger sibling starting out at school, Royal Dutch Shell could soon be known by its surname only. The FTSE 100 energy giant plans to move its headquarters and tax residence from the Netherlands to London to make its share structure ‘simpler to understand and value,’ and to boost the ‘speed and flexibility’ of shareholder pay-outs. Under the plans, CEO Ben van Beurden, CFO Jessica Uhl, and seven other senior employees will also move to the UK. The decision will be put to a vote on 10 December, requiring a 75% majority to pass. One important consequence of the move is that Shell‘s complex dual-class share structure will be reduced to a single share structure. This is significant because in July, it announced a $7 billion share buyback funded from the sale of its US Permian Basin oilfield. Under its current structure, Dutch-listed A shares are liable for a 15% dividend withholding tax, while UK B shares are not. Therefore, Shell is only purchasing UK B shares in the buyback. And as quarterly purchases of B shares are capped at 25% of average daily trading volume, this severely restricts share liquidity. Jeffries analyst Giacomo Romeo believes that the move to London is a ‘particularly important point because…the liquidity of the pool of shares available for buybacks will increase.’ If Shell does move out of the Netherlands, the share buyback will, in theory, accelerate, and the share price should rise. But what happens in practice could be more unpredictable. Trade Shell shares now? Source: Bloomberg Q3 2021 results The headquarters move comes after US hedge fund Third Point bought a stake in the company and argued for it to be split into two ‘standalone companies,’ by spinning off its renewable energy business. However, van Beurden dismissed the idea, saying that Shell’s transition to net-zero ‘will be funded by the oil and gas business.’ And cynics could argue that the move allows the company to avoid the Hague’s ruling that ordered it to cut customer CO2 emissions by 45% by 2030. But Q3 results underscore van Beurden’s reasoning. Last month, he commented ‘this quarter we've generated record cash flow ($17.5 billion), maintained capital discipline and announced our intention to distribute $7 billion to our shareholders.’ And much of Shell’s profits have come from the massive spike in oil prices. Brent crude is at a multi-year high of over $80 a barrel, and the Bank of America is predicting it could hit $120 a barrel by June next year. And it is using some of these windfall profits to fund its green transition. Shell is aiming to cut traditional fuel production from 100 million tonnes to 45 million tonnes, with an ‘absolute emission reduction target of 50% by 2030.’ And within the next three years, it plans to expand its electric car charging points from 80,000 to 500,000 globally, while generating 2 million tonnes of sustainable aviation fuel. In the long-term, this metamorphosis into renewables will dictate the future of the Shell share price. But in the short-term, increased share buybacks could potentially have a strong upwards effect. However, this assumes the headquarters move will be approved, oil prices remain high, and global monetary policy remains steady in the face of an unpredictable pandemic and rising inflation. Shell faces multiple moving factors, and not all of them can be controlled. Open your account Charles Archer | Financial Writer, London 18 November 2021

Hi @Trader90 and Sam, It is likely that the market is unborrowable: Therefore you can't go short to open a position on that market. I hope that it helps. All the best - Arvin

Hi @NickW-uk, PayPal has different hours as UK stocks, because it is listed on the NASDAQ therefore it us US hours. I hope that it helps. All the best - Arvin

The Vodafone share price has risen 6% today, as rising revenue has resulted in increased optimism for the growth of its European and African businesses. Will the telecoms giant see a revival in its fortunes? Source: Bloomberg Shares Vodafone Price Investor CFD TPG Telecom The Vodafone (LON:VOD) share price has put on a poor performance for long-term investors. It was 205p five years ago and hit its five-year high of 237p on 5 January 2018. The FTSE 100 stock’s price then started demonstrating the volatility of a yo-yo. By 24 May 2019, it had fallen to 126p. On 21 February 2020, it had risen back to 155p. The pandemic mini-crash saw it collapse to 105p on 13 March, before recovering to 139p by 5 June. Then it fell to a five-year low of 102p on 2 October 2020. By 7 May 2021, the Vodafone share price recovered to 142p but had again fallen to 108p by the end of October. However, it’s been rising in November. And today’s H1 FY22 results have seen it leap 6% to 120p. Could this be the landing stage for Vodafone shares to finally take off? Where do you think the Vodafone share price will go next? Take your position on UK shares for just a small initial deposit with spread bets or CFDs. Spread bets are completely tax-free, while CFDs are free from stamp duty. You can also buy and take ownership of UK shares for just £3 with us. Open an account to start trading or investing in UK shares. 1. Tax laws are subject to change and depend on individual circumstances. Tax law may differ in a jurisdiction other than the UK. 2. Deal three times or more in the previous month to qualify for our best rate. New to IG? Vodafone share price: H1 FY22 results CEO Nick Read commented that H1 results show that Vodafone has ‘demonstrated good sustainable growth and solid commercial momentum.’ In particular, he highlighted that the ‘strengthened performance in Africa and Europe puts us on track to be at the top end of our guidance for this year.’ And the numbers back him up. The full-year adjusted earnings forecast is now €15.2 billion to €15.4 billion. Revenue increased 5% from €21.4 billion to €22.5 billion, driven by ‘growth in Europe and Africa and a recovery in handset sales.’ Operating profit fell by 21.9% from €3.4 billion to €2.6 billion. However, in H1 FY21, Vodafone made a one-off €1 billion profit from the merger of Vodafone Hutchison Australia and TPG Telecom Limited. Stripping this out sees an operating profit increase of around €200 million. And encouragingly, cash flow increased 7.4% to €6.5 billion. However, net debt increased over the past six months by €3.8 billion to €44.3 billion. The company put most of this down to free cash outflow of €1.0 billion, equity dividends of €1.3 billion, and money spent on share buybacks. While increasing debt can be a good sign for long-term growth, it also leaves Vodafone potentially exposed to any upcoming economic shocks. Trade Vodafone shares? Source: Bloomberg Time to skyrocket? It’s no secret that the telecoms industry has struggled for growth over the past few years. But Read commented in an interview with the Evening Standard that Vodafone was now seeing ‘a sustained growth engine’ when growth had ‘historically been flat to negative.’ He continued that ‘the pandemic slowed down commercial momentum, now we’re seeing that coming back.’ Already, revenue is increasing from roaming charges as travel bounces back, and mobile consumers begin to switch to more profitable 5G contracts. And once Vodafone has direct access to some of the EU’s €750 billion pandemic Recovery Fund, Read wants to increase the company’s presence in its largest market, Germany, as well as improve its performance in Spain. Moreover, as €150 billion of the fund has been set aside for helping businesses to digitise, Vodafone should also profit indirectly from companies seeking its help for a future digital transformation. It’s already demonstrating potential in this area with its healthcare digitisation partnership with Deloitte. Meanwhile M-PESA, Vodafone's FinTech venture in Africa, is rapidly growing, and now serves over 49 million customers. With the continent highlighted as key for ‘commercial momentum,’ the opportunity for future expansion is immense. With masses of public money available, and increasing growth across the two continents, the Vodafone share price may soon skyrocket. After positive results today, some investors will also be tempted by its 6% dividend yield. But high debt and an unstable share price might see some fingers getting burnt. Start trading now? Charles Archer | Financial Writer, London 17 November 2021

Hi Imraan, As explained above, if you have a share dealing account you can change your settings to manual conversion ( be aware of changes in commissions) . If you have a CFD account and you never traded yet you can email us at helpdesk.uk@ig.com to change your base currency to USD. You can also add an CFD account and change the base currency to USD and have two accounts with 2 different currencies. I hope that it helps. All the best - Arvin

Hi there, For Share dealing accounts you will have these options at the top : Unfortunately the Trade Analytics tools are only available on leveraged accounts. This tool is still in a Beta stage, it is possible that it will be more developed in the future. All the best - Arvin

Hi @Sjg1234, If you still need assistance with this issue, please take a screenshot and send it to helpdesk.uk@ig.com ou can also send it to webapisupport@ig.com. All the best - Arvin

Hi @JustStarting, It would be best to contact our helpdesk on helpdesk.uk@ig.com or via the live chat on our website. Our team will be able to confirm this information for you. All the best - Arvin