FTSE 100 close: London index runs out of steam ahead of expected Fed interest rate hike February 1, 2023 London’s FTSE 100 edged higher this morning, before running out of steam later in the day ahead of the US Federal Reserve launching a big week for central banks with an expected 25 basis point interest rate hike. The capital’s premier index eventually fell 0.17 per cent to 7,758.21 points, while the domestically-focused mid-cap FTSE [...]
‘Tragedy’ if John Lewis ownership changes, says ex-boss March 26, 2023 John Lewis changing its ownership model would be “a tragedy”, a former top boss has said. Reports last week suggested the retailer is considering ending its fully staff-owned structure, with the partnership’s chairwoman, Sharon White, exploring plans to sell a minority stake. West Midlands mayor Andy Street, John Lewis managing director until 2016, acknowledged the [...]
FTSE 100 close: London markets dip as Ithaca share price up on Rosebank approval September 27, 2023 London’s FTSE 100 index dipped on Wednesday as the pound continued its losses, and the government approved the UK’s largest untapped oil field, Rosebank. The capital’s premier bluechip index dipped 0.46 per cent to 7,590.96, while the FTSE 250, which is more aligned with the UK domestic market, fell 0.6 per cent to 18,227.33. Markets [...]
FTSE 100 close: Barclays, HSBC and Easyjet shine on otherwise poor day in London January 25, 2023 London’s FTSE 100 today gave up morning gains to finish lower before stronger-than-expected retail earnings provided a balm against recession fears. The capital’s premier index fell 0.22 per cent to 7,740.34 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the UK economy, slid 0.38 per cent to [...]
FTSE 100 close: London index reverses losses as Bunzl struggles June 15, 2023 London’s FTSE 100 was dragged lower today by investors piling out of outsourcer Bunzl despite the firm this morning raising its revenue forecast before reversing losses in the afternoon session. The capital’s premier index jumped 0.34 per cent to 7,628.27 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health [...]
FTSE 100 dragged down by Persimmon tumbling after property market warning November 8, 2022 London’s FTSE 100 today was pulled down by house builder Persimmon tumbling after it warned rising rates will hit its bottom line. The capital’s premier index edged 0.08 per cent higher to 7,306.14 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the UK economy, climbed 0,75 per [...]
Coronavirus: Ocado closes website down as demand soars March 18, 2020 Online supermarket Ocado has closed its website for several days as it grapples with a surge in demand due to the coronavirus pandemic. The delivery company said it is temporarily shut until 21 March in order to “complete essential work” to make product and delivery slot distribution as “fair and accessible” as possible. In a [...]
Ocado retail sales surge 40 per cent in second quarter on stockpiling May 6, 2020 Ocado retail sales have jumped 40 per cent year on year after ramping up capacity to meet delivery demand amid shopper stockpiling during the coronavirus crisis. The online supermarket, which stopped accepting new customers for its delivery service amid the stockpiling craze at the start of the UK lockdown, today said that trend has now [...]
London’s FTSE 100 kicks higher ahead of Truss energy package September 8, 2022 London’s FTSE 100 kicked higher today after new prime minister Liz Truss launched an around £130bn cost of living support package. The capital’s premier index climbed 0.33 per cent to 7,262.06 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the UK economy, added 0.36 per cent to [...]
Tesco bosses receive bonus boost after Ocado removed from competitor list May 14, 2020 Tesco bosses received a bonus boost last year after the grocer removed online supermarket Ocado from a list of competitors. Tesco chief executive Dave Lewis would have missed out on around £1.6m in shares if the online rival had remained on the list used to compare Tesco’s performance against its competitors. Before Ocado was removed, [...]