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
The fraud trial involving three former Tesco directors has been abandoned four months in, after one of the defendants suffered a heart attack. ... Read More
The FTSE 100 and major European markets are all following the Asian and US markets in a significant upward trend. Bullish sentiment is helping the markets to trend upwards after the US indices ended their run of losses, and the FTSE 100 gained more than 0.6 percent, after having yesterday sustained its worst loss since the result of the Brexit referendum was announced. ... Read More
The FTSE 100 fell to a two month low on Monday, as fears mounted over inflation and rising bond yields. The UK’s leading index fell by 1.1 percent on Monday, while the FTSE 250 fell by 1.3 percent. The FTSE 100 has fallen by more than four percent this year, in part because of the pound’s steady recovery from post-Brexit lows. ... Read More
Shares in Capita have fallen to a 20-year low, as fears mount surrounding the company’s turnaround. Meanwhile, shares in Vodafone and Shell also slipped, as the FTSE 100 overall fell by 0.6 percent. ... Read More
The FTSE 100 hit its lowest point in 2018 so far, falling below the 7,600 mark, as a widespread stock market sell-off took place, prompted by fears over the bond market. The UK’s leading index fell by 75 points, with banks and mining companies being some of the poorest performers. ... Read More
Capita PLC was one of the major fallers of the day, shedding 35% during the first half of the trading day. The company released an update on its transformation progress over the two months following the appointment of its CEO. ... Read More
UK stocks struggled to find their direction on Wednesday, as investors were made to feel uneasy by the struggles at Capita. ... Read More
Tesco Plc will soon have Gerry Mallon joining the group, to run the financial services arm. Mallon will be joining from Ulster Bank, where he has been serving as Chief Executive. He has resigned from that position, and made a formal announcement about his intent to join Tesco earlier this month. ... Read More
The FTSE 100 has broken out of a two-day long losing streak, with the FTSE 250 also enjoying modest gains. The markets turned around thanks to some better than expected UK growth data at the end of the week, which helped to improve the mood, and keep the pound off its recent peaks against the euro and dollar. ... Read More
While Brexiteers may feel that those who are calling for a second referendum are just ‘sore losers’, it appears that there are some people who are suffering from a form of buyer’s remorse with the referendum. ... Read More
The FTSE 100 took a slight knock during early trading, as a steep rally for the pound hit the earnings of FTSE 100 companies that take their income in foreign currencies. The UK’s leading index is home to a number of companies who see their profits increase when the pound is weak, and fall when the pound is strong, so the Forex charts can be a good barometer for the health of the index. ... Read More