FTSE Closes In the Red As Brexit Debate Continues
22nd June 2018
The Brexit debate is still ongoing, and all eyes are on the government as they are set to vote on key amendments to the Withdrawal Bill over the coming days. ... Read More
The Brexit debate is still ongoing, and all eyes are on the government as they are set to vote on key amendments to the Withdrawal Bill over the coming days. ... Read More
A senior PwC auditor, who worked on the accounts for BHS, is facing a 15-year ban, and a fine. PwC themselves are also facing a fine of £6.5 million, after the collapse of the department store chain. ... Read More
Unilever says that after moving its headquarters to Rotterdam, the company is extremely unlikely to be in the FTSE 100 or FTSE All Share. ... Read More
Sainsbury’s and Asda’s top executives will be meeting with MPs this week to convince them that the planned merger between the two chains will be in the best interests of the public. Sainsbury’s Chief Executive Mike Coupe, and Roger Burnley of Asda will be meeting with the Environment, Food and Rural Affairs Committee. ... Read More
The FTSE 100 ended the day up by 0.31 percent, but was down slightly on the week, following some strong US Jobs data. The UK’s leading index gained 23 points on Friday, as other global equities also made gains. ... Read More
The FTSE 100 slipped by 0.5 percent, pulling back from a two week high, with RBS and Carnival being two of the weaker performers. ... Read More
Sir Martin Sorrell is to unveil plans to take over Derriston, just weeks after exiting WPP. The former chief executive is set to make a dramatic comeback to the stock market, just six weeks after departing WPP group, a departure which marked the end of his reign as the longest-serving chief executive in the FTSE 100. ... Read More
The FTSE 100 slipped by 1.26 percent, as political turmoil hit Europe. The UK’s leading index fell by more than 97 points, and the FTSE 250 fell by 363 points, as investor sentiment became poor across the board. ... Read More
On May 31 several companies will go ex-dividend, and when that happens new investors will not qualify for the latest payout of dividends. The companies in the FTSE 100 that are due to go ex-dividend are Marks and Spencer, National Grid, and Taylor Wimpey. ... Read More
Online grocery company Ocado is set to be promoted to the FTSE 100, after seeing its value soar by approximately 60 percent over the last quarter. The results of the quarterly review of the FTSE indexes will be announced on Wednesday, but barring some massive changes in market capitalization over the next two days, the company will be joining the top flight. ... Read More
The latest GDP figures for the UK proved to be incredibly disappointing. The Office for National Statistics announced the statistics last week, confirming their previous estimates - that growth has fallen to just 0.1 percent for the first quarter. They also stuck to their stance that the fall was not influenced massively by the “Beast from the East”. ... Read More
Mining company Anglo American has been one of the top performers over the last year, having gained almost 68% over the last 12 months, while the FTSE 100 has risen by just three percent. While some believe that the mining company could continue to outperform the index, there are others who feel that the stock is long overdue to see a price correction. ... Read More
Several major high street retailers are in danger of dropping out of not just the FTSE 100, but the FTSE All-Share index in the coming reshuffle. The quarterly reshuffle will see companies move up and down out of the major indices. The FTSE All-Share index combines the FTSE 100, the FTSE 250 and the small-caps. ... Read More
Marks and Spencer has announced falling profits. This has been an ongoing trend for the company in recent years, but what is it that has caused the company to flounder where others are succeeding? ... Read More
The FTSE 100 broke through the 7,800 barrier, hitting a record high on Monday, thanks to the news that the US - China trade war is entering a truce period. The UK’s leading index hit a new intra-day all-time high of 7,868 and while it shed some of those gains it still ended the day at 7,859.17 - an all-time intra-day high, boosted in part by a weakness in the pound. ... Read More
With the nation focused firmly on the royal wedding, the FTSE 100 performed well, ending the week at a 1.2 percent return, outperforming the wider markets. ... Read More
The mining company Glencore saw its shares fall on Friday as more news surfaced over their dealings in the Congo. The company is facing a bribery probe into its copper operation in the Democratic Republic of Congo. ... Read More
Barratt Developments has reported that it has seen a strong start to the year so far, and that it expects that its full-year (which runs to the end of June) will be in line with expectations. The company enjoyed a broker upgrade after the report, and the optimism spread to other housebuilders also. ... Read More
Theresa May has postponed votes on some key Brexit Legislation, as allies played down the possibility of any immediate agreement being reached over customs policy. It appears that, for now, Britain is still in a state of paralysis regarding key elements of the Brexit negotiations. ... Read More
The FTSE 100 enjoyed its best weekly winning streak in 13 years, as a flurry of M&A activity helped the index to inch up on Friday. Zoopla owner ZPG gained 30 percent following the news of the $3 billion deal, and the FTSE 100 achieved its seventh straight week of gains. ... Read More
The FTSE 100 stood firm on Tuesday, as merger mania hit the news. Virgin Money gained 9% following the news that there had been a bid from CYBG, a rival bank. Meanwhile, Shire finally succumbed to a bid from Takeda, who had already made three prior offers for the company. Sky was also the subject of an offer, from US company Comcast. ... Read More
Shares in Imperial Brands jumped on Wednesday, as the company reported that it was continuing to make significant progress in it’s next generation products, although profits and revenues were on the decline. ... Read More
As we head into the new month, some of the first data to surface is the US non-farm payroll report. The data showed that the US non-farm payrolls grew by 164,000 during the month of April, and unemployment fell to 3.9 percent. ... Read More
MPs are putting increasing pressure on regulators regarding the Sainsbury’s and Asda merger, to scrutinise the deal and how suppliers might be affected. The Business, Energy and Industrial Strategy committee and the committee for Environment, Food and Rural Affairs have both written to the competition watchdog, amidst concerns that the deal could be harmful to the supply chain. ... Read More
The FTSE 100 got off to a strong start to the first session of the month, however there were some worries, with weak manufacturing stats raising questions about the state of the economy. ... Read More