FTSE 100 rises but Wall Street falls again on job data September 4, 2020 The FTSE 100 reversed yesterday’s losses, closing in on the 5,900 point level this morning despite last night’s ferocious sell-off of US tech stocks dragging markets down overnight. By the early afternoon London’s premier index was 0.7 per cent up at 5,888.96. The FTSE 250 index of mid caps also rose 0.2 per cent. However, [...]
Property stocks jump as restrictions on UK housing market ease May 13, 2020 Estate agent and housebuilder stocks soared this morning after the government last night loosened lockdown restrictions on the UK housing market. Shares in London estate agent Foxtons surged 8.31 per cent to 43.65p and online platform Purplebricks’ stock soared 11 per cent to 37.86p. LSL Property Services, the owner of Your Move and Reeds Rains, [...]
FTSE 100 and US stocks fall on fears of coronavirus second wave May 13, 2020 The FTSE 100 and US stocks have fallen as fears of a second wave of coronavirus infections spook traders and US-China tensions rise over the pandemic. The UK’s blue-chip stock index was 1.2 per cent lower in afternoon trading. This took the FTSE 100 below the 6,000 mark which it passed yesterday for only the [...]
FTSE 100 flat after Donald Trump ends US stimulus talks October 7, 2020 The FTSE 100 flatlined after US President Donald Trump abruptly ended talks between Republicans and Democrats over the next round of fiscal stimulus. London’s blue-chip index was just 0.06 per cent higher at 5,953.6 points as it approached midday. The FTSE 250 was up 0.17 per cent. Read more: US stocks fall after President Trump [...]
English winemaker Chapel Down toasts surge in sales due to coronavirus lockdown April 1, 2020 British beer and wine producer Chapel Down has toasted a surge in supermarket sales as consumers stock up during the coronavirus lockdown. Supermarket and off licence sales have grown “substantially” and online transactions have also increased after the government ordered all pubs, theatres and hospitality venues to close in a bid to stop the spread [...]
Taylor Wimpey confident it can beat market uncertainty as low interest rates boost house buyers November 13, 2018 Housebuilder Taylor Wimpey today said it is on track to weather political uncertainty to deliver on guidance thanks to low interest rates and the government's Help to Buy scheme. Sales rates for the year to date were 0.81 per outlet per week in the second half of 2018, unchanged from last year, though cancellation rates were up [...]
FTSE 100 surges after restrictions ‘not as tough’ as feared but US stocks mixed September 23, 2020 The FTSE 100 jumped as it continued to recover from Monday’s rout, while US stocks were mixed as investors weighed up the chances of fresh stimulus. London’s blue-chip index was up 1.7 per cent at 5,926 points, edging it closer to the 6,000 threshold. The FTSE 250 was up 1.05 per cent. Read more: Coronavirus: [...]
Ministers in talks with business leaders over return to work strategy April 28, 2020 Ministers have held talks with business groups and trade unions over plans to kickstart the economy once the coronavirus lockdown has been lifted. Business secretary Alok Sharma has chaired a string of meetings with top industry figures in recent days amid concerns many employees will be reluctant to return to work due to health fears. [...]
FTSE 100 slips despite Chancellor’s raft of new stimulus measures July 8, 2020 The FTSE 100 closed lower on Wednesday, even after the Chancellor unveiled a £30bn stimulus package to get consumers spending again. London’s blue-chip index closed down 0.55 per cent at 6,156 points after a muted day of trading. The FTSE 250 index of slightly smaller companies finished the day 0.95 per cent lower. It came [...]
Coronavirus: Bellway scraps dividend and warns of ‘substantial disruption’ March 25, 2020 Bellway has warned of a period of “substantial disruption” during the coronavirus outbreak, as it cancels its interim dividend to preserve its balance sheet. Bellway said the coronavirus outbreak had threatened liquidity across the economy and as such, the board is taking immediate action to preserve the balance sheet. The housebuilder’s interim dividend will be [...]