RBS Led the top performers in the FTSE 100, after chief Ross McEwan hinted that the lender may have plans to pay an interim dividend, if the investigations ongoing in the US into mortgage mis-selling are resolved before the deadline. ... Read More
Glencore is warning western carmakers to wake up about the fact that there are limited cobalt supplies and that if the situation continues they could be left behind by their rivals in China. ... Read More
NEX Group’s shares soared by almost one third at the end of the trading week, following a takeover bid. Meanwhile, the FTSE 100 ended the week on a loss, in spite of strength in the energy and financials sectors. ... Read More
Unilever is a brand that is best known for products such as Dove soap and the Knorr range of stock cubes. The company also makes several more aspirational products, and has had a major office in the UK for quite some time. However, that is set to change as the company has chosen to open a new unified headquarters in Rotterdam. ... Read More
Google has announced that it plans to change its advertising rules for financial services, including cracking down on advertising for cryptocurrencies such as Bitcoin, as of June. The ban will apply to search advertising as well as to ads on YouTube and on third party websites that Google is selling advertising space on. ... Read More
Diageo North America has been named one of the top 60 Companies for Executive Women in 2018, according to the National Association for Female Executives. The NAFE is one of the country’s biggest associations for female professionals, and this is the seventh time that Diageo has made it on the association’s top list. ... Read More
Food delivery company Deliveroo has announced that it will be adding 250 new jobs as a part of its expansion in the UK. The jobs will all be in the tech field, and include data scientists, software engineers, cyber security specialists and product designers. ... Read More
The takeaway delivery company Just Eat served up a profit warning earlier this week, shocking investors who had previously been enjoying the euphoric rise of the company. Shares in Just Eat had hit a record high two weeks ago, putting the company’s market cap at £6 billion, after a surge of more than 250% since it floated just under four years ago. ... Read More
There are more people called David and Steve leading companies in the FTSE 100 than there are women or ethnic minorities in leadership positions. Currently, there are five ethnic minority chief executives and seven female chief executives. ... Read More
Comcast has made a £22 billion bid for Sky, and this is just the latest move in a long saga. Rupert Murdoch has already sold his stake in Sky, and some 21st Century Fox assets to Bob Iger’s Disney. This move could have been simple, but now Comcast has confused the matter by throwing in a £22 billion takeover bid. ... Read More
The consumer goods sector is showing some strength at the moment, meaning that old staples such as Tesco and Diageo are looking like attractive buys, while comparative upstarts such as Just Eat are also showing a lot of promise. ... Read More
The FTSE 100 ended Wednesday down slightly, to see February end with a monthly loss also, as investors remained concerned over the prospect of increasing borrowing costs in the United States, thanks to some comments made by new Fed Chairman Jerome Powerll. ... Read More
The FTSE 250 reshuffle is set to take place, and among the companies set for demotion are the roadside assistance company AA, the funerals company Dignity. ... Read More
On March 1, several FTSE 100 listed companies will go ex-dividend. This means that new investors will not qualify for the forthcoming dividend payout. When this happens there is a typical adjustment by market-makers, and Reuters predicts that this adjustment will take approximately 8.48 points off the overall value of the index. ... Read More
Six months after demotion, Royal Mail is due to make a return to the FTSE 100, with the shopping centre owner Hammerson tipped to be one of the companies dropping out of the index during the forthcoming reshuffle. ... Read More
Waterloo Housing Group has selected Galliford Try Partnerships to work on a 375 house project on a green field site located in Warickshire. The scheme will include up to 40% affordable housing, and the Partnerships arm will be serving as a development partner to complete the design, gain planning, and also prepare the site for construction. ... Read More
BHP Billiton is speaking out against calls from an activist investor who is calling for an end to the company’s dual corporate structure. The company warns that unification could push it out of the FTSE 100. ... Read More
Earlier this month Lloyds Banking group banned credit card holders from using their cards to buy bitcoin, as the bank fears that it could be left with huge debts thanks to the falling value of the cryptocurrency. Lloyds Banking Group includes Lloyds, MBNA, Bank of Scotland and Halifax, and it is thought to be the first of the major UK banks to ban customers from purchasing cryptocurrencies. ... Read More
Hammerson is set to fall out of the FTSE 100 during the next reshuffle, as the company has increased its exposure to the struggling shopping centre sector by purchasing Intu Properties. ... Read More
Lloyds Banking Group has walked away from a £109 billion asset management contract which it had held with Standard Life and Aberdeen, leaving investors questioning the rationale behind the merger that created Standard Life Aberdeen. ... Read More
The UK’s leading index recovered from a four week losing streak in the middle of January, bouncing back from a tentative sell-off. ... Read More
The FTSE 100 has made a strong recovery this morning, however the UK’s leading index is still down by almost five percent on the month. UK stocks climbed on Monday, staging a rally alongside U.S. stocks. However the index is still at its lowest close since December 23rd, having shown a weekly fall of 4.7 percent. ... Read More
Lloyds has become the first FTSE 100 listed company to set an ethnic diversity target. The bank aims to source 8% of its senior management from black, Asian or other minority ethnic backgrounds by 2020. ... Read More
The FTSE 100 ended the trading day on Friday down by 1.3 percent, following on from a 1 percent loss on Thursday after the BoE announced that it would be holding interest rates for the short term - although it did indicate that rates may rise again in the near future. ... Read More
The price of Bitcoin hit $9,000 briefly, it’s highest value for a week, before continuing a downward trend on Sunday. While other markets closed for the weekend, the cryptocurrency markets are alwas busy. Bitcoin slipped from a $20,000 high in December 2017, to less than $6,000 last week. The currency started a slow and steady recovery over the final few days of the week, before climbing by five percent over 24 hours on Saturday, then shedding much of those gains later in the day. ... Read More