The FTSE 100 closed at a record high topping 7,600 December 21, 2017 There was plenty of Christmas cheer in the City today as Britain’s blue-chip index rose to an all-time high. The FTSE 100 rose above 7,600 points for the first time, closing up 1.1 per cent at 7,603.98. “The FTSE 100 has rallied strongly today moving above its previous record peak set back in June to [...]
Donald Trump accuses Beijing of currency manipulation August 5, 2019 US President Donald Trump has accused China of currency manipulation and said the Federal Reserve should act to lower the value of the dollar. Read more: Markets in turmoil as Chinese currency falls to financial crisis levels Trump tweeted: “China dropped the price of their currency to an almost a historic low. It’s called “currency [...]
Putting the ‘great’ back into Great British brands December 3, 2020 UK businesses are failing to realise a return on investment from their biggest asset to help drive sales growth: brands. Unless urgent action is taken, there will be irreversible damage to the ability of British businesses to compete on a global scale. The declining brand values of British companies are reflected in 2020’s BrandZ Top [...]
Gardaworld advisers set for £312m payday in G4S bid October 18, 2020 Advisers to Gardaworld are in line for a £312m payout from the Canadian firm’s hostile takeover bid for outsourcing giant G4S. Banks, lawyers, accountants and PR professionals are set to share a reward package ranging from £13m to £312m if Gardaworld’s £3bn bid is successful. In a takeover document published yesterday, Gardaworld said it will [...]
How do UK general elections impact the stock market? December 10, 2019 General elections can have a profound long-term effect on the economy and people’s lives. The impact of elections on the stock market is less understood. Analysing the last seven UK elections, there is no definitive pattern as to how markets react, although there are historical patterns that may help investors and traders prepare for the [...]
Mark Carney warns trade war could ‘shipwreck’ global economy July 2, 2019 Bank of England governor Mark Carney today warned that a trade war could “shipwreck” the global economy. Speaking in Bournemouth today Carney said financial markets had recently experienced a “profound transformation” driven by growing concerns over the impact of rising trade tensions and policy uncertainty. Read more: No-deal Brexit would cost UK £90bn, warns Philip [...]
Global stocks rise as investors react with optimism to US-China trade talks March 29, 2019 US and European stocks climbed today with the FTSE 100 closing higher as investors reacted optimistically to US-China trade talks. In America, the Dow Jones industrial average rose 0.6 per cent after opening at 1.30pm UK time, while the benchmark S&P 500 stock index rose 0.4 per cent. Read more: EU trade surplus with US grows as deficit with China [...]
US employment reaches new high as country adds 164,000 jobs in July August 2, 2019 The United States added 164,000 jobs last month, suggesting the economy is cooling but not as much as analysts had feared. The gain was well down on June’s figure of 224,000, but was roughly in line with economists’ forecasts of around 165,000 for July. Read more: FTSE 100 sinks into red on Trump’s threat to [...]
Plumbing and heating supplier Ferguson’s share price dives after profit warning March 26, 2019 Shares in FTSE 100 plumbing and heating products supplier Ferguson fell nine per cent this morning after it issued a profit warning for 2019. The figures The company's results today revealed a rise in profits before tax of $676m (£513m) before exceptional items for the half year to 31 January, up from $644m for the same [...]
Lloyds Bank to pay £10m to up to 200,000 customers over administrative error April 26, 2019 Lloyds Banking Group will pay out around £10m to up to 200,000 customers following an administrative error made seven years ago. The company failed to notify thousands of customers that it had cut interest rates on a number of Halifax, Bank of Scotland and Lloyds savings accounts in 2012. Read more: Lloyds Bank stars as [...]