Tesco Plc will soon have Gerry Mallon joining the group, to run the financial services arm. Mallon will be joining from Ulster Bank, where he has been serving as Chief Executive. He has resigned from that position, and made a formal announcement about his intent to join Tesco earlier this month. ... Read More
The FTSE 100 has broken out of a two-day long losing streak, with the FTSE 250 also enjoying modest gains. The markets turned around thanks to some better than expected UK growth data at the end of the week, which helped to improve the mood, and keep the pound off its recent peaks against the euro and dollar. ... Read More
While Brexiteers may feel that those who are calling for a second referendum are just ‘sore losers’, it appears that there are some people who are suffering from a form of buyer’s remorse with the referendum. ... Read More
The FTSE 100 took a slight knock during early trading, as a steep rally for the pound hit the earnings of FTSE 100 companies that take their income in foreign currencies. The UK’s leading index is home to a number of companies who see their profits increase when the pound is weak, and fall when the pound is strong, so the Forex charts can be a good barometer for the health of the index. ... Read More
There are hundreds of public sector contracts still running that had been assigned to Carillion, and with the failure of the company, the government has been forced to step in and pay out Treasury funds to keep the public sector work going. The projects are going to cost millions of pounds per day in temporary funding. ... Read More
The FTSE 100 closed down by 15 points, ending the day at 7,715, while US stocks increased slightly. GKN was one of the main stories of the day, producing improved forecasts. Barclays was another standout. The rest of the markets were subdued, however, and while the day’s results were weak overall, volatility was low as investors waited to see what would happen after the government shutdown. ... Read More
This year, the average investor faces some interesting questions. Would it make sense to invest in bitcoin, or would you be better off putting your money into shares? Bitcoin are highly volatile at the moment - having gone from $15,000 down to around $9,100 and then bounced part of the way back in the space of a week. The FTSE 100, meanwhile, is also volatile - not quite so much - but it’s had its difficulties recently after hitting an all time high and it’s been under-performing compared to some other markets. ... Read More
The government has set up a task force with the intent of supporting workers and businesses that have been affected by the collapse of the construction and outsourcing company Carillion. The company employed 46,000 people worldwide, and around 20,000 of those jobs are in the UK and are now under threat. They also worked with a huge number of outsourcing companies, who will now be facing financial issues because Carillion owes them a large amount of money. ... Read More
As the markets digest the potential impact of the collapse of Carillion, it is easy to try to blame the failure of the construction and outsourcing giant on RBS. This would be a shortsighted view, however. The executives at the company have a lot of explaining to do. ... Read More
The fall-out from the collapse of Carillion is continuing, and is negatively impacting the FTSE 100, as the US markets saw some volatile trading, and a negative mood hit crypto-currencies too, with Bitcoin dipping to below $10,000. ... Read More
The FTSE 100 hit its lowest point in 2018 so far, falling below the 7,600 mark, as a widespread stock market sell-off took place, prompted by fears over the bond market. The UK’s leading index fell by 75 points, with banks and mining companies being some of the poorest performers. ... Read More
Capita PLC was one of the major fallers of the day, shedding 35% during the first half of the trading day. The company released an update on its transformation progress over the two months following the appointment of its CEO. ... Read More
UK stocks struggled to find their direction on Wednesday, as investors were made to feel uneasy by the struggles at Capita. ... Read More
The FTSE 100 fell to a two month low on Monday, as fears mounted over inflation and rising bond yields. The UK’s leading index fell by 1.1 percent on Monday, while the FTSE 250 fell by 1.3 percent. The FTSE 100 has fallen by more than four percent this year, in part because of the pound’s steady recovery from post-Brexit lows. ... Read More
The top share index in the UK moved higher on its first day back after the Easter break, lifted by M&A chat in the market plus strong figures Stateside. By the close of trade, the FTSE 100 was higher by 1.23 per cent, reaching 6490. ... Read More
The leading share index in the UK took a dip on Wednesday as markets took a cautious approach ahead of the key central bank meetings due both in the UK and in Europe. By the close of the midweek session, the FTSE 100 was lower by 1.08 per cent reaching 6420. ... Read More
The top share index in the UK fell sharply on the penultimate session of the week as UK markets caught up with the parallel tumble in the US indices. By the close of trade, the FTSE 100 was down by 1.19 per cent ending the day on 6344. ... Read More
The top share index in the UK opened the week with a stronger performance than it ended last week, with a cautiously optimistic session helping to eradicate the poor employment figures reported in the US on Friday. By the close of trade the FTSE 100 was higher by 0.43 per cent finishing at 6276. ... Read More
The top share index in the UK was back in positive territory again on Tuesday as signs that the overheating in the Chinese economy is beginning to cool helped to lift investors. By the close of trade, the FTSE 100 was higher by 0.58 per cent, reaching 6313. ... Read More
The top share index in the UK moved upwards again on Thursday, tracking the rise in Wall Street despite a tumble in the mining sector. By the end of the penultimate session of the week, the FTSE 100 was higher by 0.45 per cent, closing at 6416. ... Read More
The leading share index in the UK ended the week with a session in the red as investors took their profits after four days of gains. By the close of trade, the FTSE 100 was lower by 0.49 per cent, reaching 6384. ... Read More
The top share index in the UK opened the week with a whimper on Monday as disappointing GDP results from China helped to dent sentiment and weaken risk appetite. By the end of trade, the FTSE 100 was lower by 0.64 per cent, reaching 6343. ... Read More
The top share index in the UK was heading downwards for the third day in a row as fears over the global economy were compounded by the events at the Boston Marathon. By the close of trade, the FTSE 100 was lower by 0.62 per cent, reaching 6304. ... Read More
The leading share index in the UK had another disappointing day of trading after the figures coming from the US proved to be more of a damp squib than a firework. By the close of the session, the FTSE 100 was down by 0.96 per cent, reaching 6244. ... Read More
The top share index in the UK ended the day more or less where it started after a weak opening in the US markets obliterated gains picked up from Europe. By the close of the session, the FTSE 100 was practically flat, ending down by 0.01 per cent at 6243. ... Read More