Analysts are now wary of Just Eat’s prospects as rumors have surfaced about the potential for a tie up between Uber and Deliveroo. Peel Hunt, a firm which has been a strong believer in the potential of Just Eat over the last five years, believes that the potential merger could eventually lead to the demise of the company. ... Read More
Merger talks between Moore Stephens and BDO could put pressure on other major accounting firms. The plans would be a part of an attempt to create a fifth company capable of offering advice to FTSE 100 firms, and it would create a business that is bigger than Grant Thornton. ... Read More
Shares in Melrose Industries have fallen by 5.47 percent, making the company the poorest performer in the FTSE 100 today. The conglomerate is reconsidering its plans to sell a division of GKN, after they received lower than expected bids for the company. ... Read More
As Theresa May addresses the House of Commons to plead for MPs to come together and work on a Brexit deal that will honor the referendum, it’s natural for investors to be concerned about the future of the UK economy. ... Read More
After a rocky week the FTS 100 is back on firm ground, having gained 58 points on Monday, while US stocks also crept higher at the start of the trading session. ... Read More
Analysts at Morgan Stanley have cut their price targets for RBS and Barclays amid Brexit uncertainty. The Bank of England is due to release its annual report today, and analysts expect that it will raise interest rates by 50bps next year, and then by another 75bps over the course of 2020. ... Read More
A poll published by Reuters is predicting that the FTSE 100 will see muted gains next year, thanks I part to uncertainty surrounding Brexit. The fund managers, analysts and brokers that participated in the poll collectively predicted that while the FTSE 100 will regain some of its losses over the next year, gains will be muted compared to previous expectations. ... Read More
All eyes were on Royal Mail on Friday, as investors tried to predict whether the company would be demoted in the coming FTSE 100 reshuffle. The markets will be reshuffled based on the respective market caps of each company as of the close of trading on Tuesday. ... Read More
Shares in the train and bus operator Stagecoach have increased after the news broke that the company is considering selling off its struggling North American companies, including its ownership of the budget coach company Megabus. ... Read More
Insurance company Hiscox is set to join the FTSE 100 on December 24. The company will be moving up to the top flight alongside Sarco Engineering, and the pair will be replacing Just Eat and Royal Mail, who are being demoted to the FTSE 250. ... Read More
Online delivery company Just Eat was one of the top performers in the FTSE 100 today. Its share price increased by almost four percent, putting it at the top of the performance list, ahead of online gambling company GVC holdings. ... Read More
Shares in Deutsche Bank hit a record low and the German DAX plumetted on Tuesday. Deutsche Bank admitted that it had been processing payments for Danske Bank in Estonia. ... Read More
House prices in the UK have fallen by £5,000 on average, with the value of property in the south declining the most. The fall is the biggest drop in house prices since 2012, and areas where property prices were at the highest have been hit the hardest. ... Read More
Royal Mail’s new chief executive promised to boost the performance of the group, including conducting a review of its UK postal network, after the group announced that it’s first-half profits had more than halved. ... Read More
Royal Mail Plc could be in danger of being relegated from the FTSE 100 if its profits continue to slip. The postal company has seen profits plunge thanks to a decline in the number of letters being sent. After the company published its latest report, shares initially responded positively as the company promised cost cutting measures, but later in the day the shares had declined, and by the close of trading on Friday they were close to the £3 mark. ... Read More
Some analysts say that if a recession were to occur in China, it would only affect the Chinese. That’s wishful thinking in the eyes of others, though, as the Chinese economy has massive leverage. The trade war between the US and China is starting to cause ripples in the economy, and the rate of growth of the Chinese economy was already starting to slow. ... Read More
Civitas Social Housing PLC is set to be added to the FTSE 250 as of Tuesday. The company is a real estate investment trust that is under the management of Civitas Housing Advisors Ltd. ... Read More
The pound enjoyed a surge today on the hopes that the government was a step closer to agreeing a Brexit deal. The sterling climbed 1.4 percent to trade at $1.306 against the dollar, and also hit a near seven-month high against the Euro. ... Read More
The high street clothing retailer New Look has announced plans to shut more stores. Originally, the company was planning to shut 60 of its stores, but on Tuesday it announced an additional 25 closures, with 13 more in consideration. ... Read More
More than 1,400 jobs in Britain could be at risk as two European companies supplying car parts have announced plans to close their UK factories in the run up to Brexit. Schaeffler and Michelin have announced factory closures in the run up to Brexit. ... Read More
After a very difficult month, the FTSE 100 closed October on a rally, jumping more than 100 points to end on a high note. A similar picture played out across the global stock markets, with the US, Asian and European markets all looking strong. ... Read More
A rally in the banking sector has helped the FTSE 100 to recover quite sharply, however US markets went steeply into reverse. London’s top-flight share index was boosted by almost two percent early in the trading day, but ended the day up by just 1.25%, sitting at 7026, although this is still a significant bounce back after last week’s heavy sell-off. ... Read More
The FTSE 100 rallied slightly in anticipation of the coming budget, as upbeat earnings and positive corporate news helped to boost investor sentiment. ... Read More
The FTSE 100 is on track for its poorest monthly performance in a decade. The UK’s leading index ended last week down by 1.4 percent, after a weak start on Wall Street hampered overall global sentiment. ... Read More
Royal Bank of Scotland has confirmed that it is setting aside £100 million which will be used to help it deal with the more uncertain economic outlook. RBS is among the first of the big banks to be taking such precautions as the Brexit deadline approaches. ... Read More