Sterling trades at two-year lows as recession worries mount July 9, 2019 The pound was trading at two-year lows against the dollar today as investors become increasingly gloomy about the UK economy’s second-quarter performance. Read more: Brexit uncertainty plagues business investment Sterling had fallen 0.5 per cent by 4.30pm UK time to buy $1.246, a price not traded at since mid-2017. Against the euro it had dropped [...]
European stock markets tentatively rise as China stems currency fall August 6, 2019 European stock markets have broadly risen this morning on signs that the People’s Bank of China has stemmed the fall of the renminbi after the US officially labelled China a currency manipulator. Read more: Tumbling Chinese currency drags down stock markets on trade war fears China’s currency fell to the seven-per-dollar level not seen since [...]
Best 25 stocks in the last tax year April 15, 2019 By Graeme Evans from interactive investor. The FTSE 100 outperformed mid-caps last tax year, but the top FTSE 350 performers might surprise you. Take a look at the financial year ended on the 5th April, with the 25 top performing stocks in the FTSE 350 all producing gains of 40 per cent or more over the [...]
FTSE 100 firm Mondi share price (MNDI) rises as it hands out a special divi after a rise in annual profits March 2, 2018 Mondi is delivering shareholders a special payout after profit climbed and the board signalled a positive outlook for 2018. The figures The packaging products company’s pre-tax profit rose five per cent in the year to December 2017 to €887m (£792m) on revenues of €7.1bn, up seven per cent from the previous year. Mondi recommended a [...]
FTSE risers and fallers: Exporters rise after pound weakens January 30, 2019 A weaker pound boosted Britain’s biggest listed companies today after MPs voted against an extension to Article 50 , and supported the Prime Minister’s plan B for Brexit. The FTSE 100 rose 1.58 per cent to 6,941.63 as its many exporters saw an increase in investor confidence. Read more: Vale takes £1bn hit as it sacrifices output [...]
Housebuilder Barratt Developments defies Brexit jitters as profits climb September 4, 2019 Barratt Developments shrugged off concerns of a housing market slowdown today after reporting a rise in pre-tax profits for the year to June 2019. The figures Britain’s largest housebuilder, which has been reducing its exposure to Central London’s subdued property market, posted profits before tax of £910m in the 12 months to 30 June, rising [...]
Daily Mail publisher to cut up to 100 jobs as Covid-19 hits revenue August 13, 2020 The publisher of the Mail newspapers is said to be cutting as many as 100 jobs as the coronavirus crisis continues to take its toll on the publishing industry. Daily Mail and General Trust (DMGT), which also owns Mail Online, Metro and the i newspaper, has started consultations with staff across its publishing arm DMG [...]
City Moves for 18 June – Who’s switching jobs? June 17, 2019 Today’s City Moves includes Keyword Studios, Deloitte and Capita. Keywords Studios Keywords Studios has announced that its chief financial officer, David Broderick, will be standing down from his role, and leaving the group, for personal reasons. Following an extensive search, Keywords has appointed Jon Hauck (inset), currently group financial controller and treasurer at FTSE 100 [...]
How global markets will cope with a second wave June 13, 2020 Fears of a second wave of coronavirus have stubbed out hopes of swift economic recovery around the world, as the possibility of further lockdowns hangs heavy on global markets. While many countries seem to have a grip on the coronavirus crisis, the prospect of new infections in the US hinted in Wednesday’s Federal Reserve meeting [...]
Hedge funds ramp up bets against Jupiter Fund Management May 22, 2019 Hedge funds have increased their bets against Jupiter Fund Management making it one of the most shorted UK companies. The asset manager’s shorted stock has increased to 10.55 per cent, more than that of struggling firms such as AA and Marks & Spencer, from 7.37 per cent at the beginning of April. Read more: Jupiter assets [...]