FTSE Clings to Gains as US Near Record Highs
12th September 2018
The US Markets are expected to open close to Monday’s record highs, thanks to a breakthrough in the US-Mexico trade negotiations. ... Read More
The US Markets are expected to open close to Monday’s record highs, thanks to a breakthrough in the US-Mexico trade negotiations. ... Read More
Payday loan company Wonga says that it is being forced to consider all options, after recent reports suggest that it is on the brink of collapse. The company has faced a surge in compensation claims, following the government’s clampdown on Payday loan companies. ... Read More
Retailers in Scotland have come together to call for tax breaks to help offset the decline of the industry. The Scottish Retail Consortium says that a combination of increasing costs, pressure on household budgets, and the rise of online shopping has put pressure on the industry. ... Read More
The FTSE 100 got off to a muted start in the run up to the bank holiday weekend, with one of the few strong performers being Antofagasta. Meanwhile, housebuilders saw their shares fall during the early part of the trading session. ... Read More
Bosses could face fines if they fail to perform their legal duties and honour the rights of their workers when it comes to pension savings. ... Read More
Industrial action by pilots and crew has resulted in hundreds of Ryanair flights being cancelled this summer, causing chaos for holidaymakers. ... Read More
Estate agency group countrywide has scrapped its bosses’ £20 million pay plan, following an investor revolt. The estate agent group, which operates around 50 different brand names, and employs more than 10,000 staff, asked investors for £140 million in emergency funds to shore it up as it faces increasing debts. ... Read More
The FTSE 100 bucked the trend of the European and US markets last night, ending the day down as the strong pound hampered the UK’s leading index. Meanwhile, the FTSE 250, a more domestically focused index, added more than 111 points. ... Read More
Shares in the luxury handbag manufacturer Mullberry have fallen by 30% after the company said that it would be setting aside £3 million to cover the potential cost of the collapse of House of Fraser. The company warned that its full-year profits could be down if the difficult trading conditions in the UK continue. ... Read More
Tesco is reportedly planning to open an Aldi-style discount chain called Jack’s, in a bid to revitalise the company’s brand. The company plans to convert up to 60 of its current or mothballed stores into the new format, which could (if the rumors are true) be named Jack’s after the founder of the company, Jack Cohen. ... Read More
The FTSE 100 fell for the 5th day in a row, as copper prices also declined and an emerging markets sell-off continued. ... Read More
Growing anxiety over the stability of emerging markets has pushed the FTSE 100 downwards. Over the last few days there have been troubles in Turkey and Russia, with the Russian rouble showing losses, and Turkey being on the brink of a currency crisis. The FTSE 100 put in a weak performance on Friday, and got off to a poor start on Monday as well. ... Read More
Peter Hargreaves, one of the co-founders of Hargreaves Lansdown, has spoken out to criticise the government’s handling of the Brexit negotiations, noting that there “is not one person on the Brexit team that has a clue”. ... Read More
The FTSE 100 has fallen from an eight-week high point, as support from a falling pound began to evaporate. ... Read More
A combination of rising house prices and fewer properties on the market could mean bad news for first-time buyers. ... Read More
Lloyds Banking Group has set aside another £460m for PPI mis-selling claims. The bank has now allocated a total of more than £19.2 billion for such claims, and says that it expected 13,000 PPI complaints a week over the next calendar year. ... Read More
House of Fraser has been approached by Sports Direct founder Mike Ashley, who is offering the company a fresh investment deal. Sports Direct already owns an 11.1% stake in House of Fraser, which is currently struggling, and has plans to close 31 out of its 59 stores, as a part of a rescue deal. ... Read More
Thursday saw Mario Draghi give an upbeat take on interest rates, and play down market concerns about a potential economic slowdown, as he indicated that the bank would stay the course with plans to halt bond purchases in December. ... Read More
Under new rules, developers will benefit from a presumption in favour of planning applications, should too few homes be built in a given local authority area. Councils are to be forced to pass a housing delivery test, if they wish to avoid being stripped of the right to decide where homes will be built. ... Read More
The FTSE 100 gained 0.4 percent during the early hours of trading, as miners and banks both showed strength. Britvic and Close brothers also made gains after their trading updates, while Spectris’ share price slipped on cost saving disappointments. ... Read More
The FTSE 100 held its ground on Friday morning, successfully outperforming the European market, which had been broadly negative. Global trade uncertainty combined with political troubles closer to home, to spur demand for defensive stocks. ... Read More
Earnings updates were a key focal point yesterday as the UK’s top flight inched upwards, although the index remained constrained to recent ranges, as concerns over the outcome of the Brexit talks dominated the minds of investors. ... Read More
Greene King was the biggest faller in the FTSE 250 on Tuesday, with Berenberg calling the pub operator a ‘value trap’, and accusing it of trying to make its profit metrics look better through debt refinancing. The company’s sales growth is being outpaced by cost inflation, which means that there would be little sense in the group continuing to pay dividends that are far in excess of free cash flow. ... Read More
The FTSE 100 and FTSE 250 climbed on Tuesday, with encouraging results flowing in from several companies including Royal Mail and TalkTalk. The mood was dampened, however, by ongoing uncertainty over Brexit. ... Read More
The rate of wage growth for UK workers has fallen to its lowest level in six months, in spite of record numbers of people being in-work around the country. ... Read More