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
According to the latest Kantar market report, Sainsbury’s and Asda have lost market share, as their sails are trailing behind their rivals in the ‘big four’ over the 12 weeks leading up to April 22nd. ... Read More
In the face f mounting pressure against it, the FTSE 100 has proven to be surprisingly resilient, climbing from 6,888.69 a month ago, to 7,425 at the end of the week. The trajectory of the UK’s leading index is quite bullish, as shown by the strength of it in terms of short-term growth, however the year to date has not been as impressive as it could have been. ... Read More
The FTSE 100 made its best gains in a full week, but Shell’s shares declined, and Barclays also struggled. The UK’s leading index put in a strong performance, rising alongside European stocks, and returning to form after a poor performance on Wednesday. ... Read More
Shire and Takeda plan to announce a preliminary deal. Takeda has already made several offers to Shire, and has been rebuffed on each occasion, however it has come back to the table with a greater cash offer, and Shire is expected to agree to an extension of the regulatory deadline for offers, that will give Takeda time to put in a firmer bid. ... Read More
The FTSE 100 closed 30 points higher on Monday, boosted by hopes that the City could retain some of its benefits after the UK exits the EU. ... Read More
The FTSE 100 posted its fourth straight week of gains last week, but the overall picture was not entirely positive, with Reckitt and Shire both struggling. Friday saw the FTSE 100 profit thanks to a weak sterling, while Reckitt Benckiser slipped after disappointing results, and Shire also struggled as Allergan backed out of a bid to acquire the pharmaceuticals company. ... Read More
The government is being called upon to explain the arrangements that it will be putting in place for VAT collection on cross-border trade following Brexit. Currently, the UK is a part of a single VAT area within the EU, and when a UK product gets exported to another country in the EU, the VAT is paid where the product is actually consumed. ... Read More
The FTSE 100 lost some ground during mid-morning trading, thanks in part to some confusion over the timing, or likelihood, of a May rate rise. Mark Carney of the Bank of England gave some mixed messages about the timing of any coming rate increase, leaving investors questioning whether they had read signals correctly. ... Read More
Peers in the House of Lords have secured victory relating to two amendments to the EU Withdrawal Bill. The defeats have caused the government to claim that the House of Lords is attempting to prevent the UK leaving the EU. ... Read More
The FTSE 100 got off to a weak start on Friday, as shares in Sage fell by more than ten percent after the opening bell, and a strong pound weighed on many international earners. ... Read More
Shares in the UK’s leading index fell by more than 0.9 percent on Monday, with the news of Martin Sorrell’s resignation from a CEO position at WPP dominating the headlines, and U.S. hedge fund Elliott Management attracting attention by increasing its stake in Whitbread, the owner of numerous hotels and coffee shops. ... Read More