Tui losses widen as summer heatwave and falling pound take their toll February 12, 2019 Blue-chip travel giant Tui today posted widening losses for the final three months of last year, as a summer heatwave and a fall in the value of the pound dented demand for the firm’s crucial Northern Europe market. The figures The UK-based holiday operator’s underlying losses in the quarter to 31 December were €83.6m, plunging from €36.7m [...]
ITV prospects brighten after Love Island boost July 25, 2019 By Graeme Evans from interactive investor. A Love Island advertising boost has helped high-yielding ITV shares to recover some lost ground. While the prospect of another Love Island on our screens this winter won’t fill everyone with joy, ITV (LSE:ITV) investors are unlikely to be complaining too loudly after the current series of the hit reality show helped to bolster [...]
Persimmon share price dips in wake of Help to Buy contract fears February 25, 2019 Persimmon was among the biggest FTSE 100 market fallers this evening as fears that the property giant could lose its Help to Buy contract weighed on investor confidence. The developer will be hoping to claw back positive sentiment in the City tomorrow in its full-year profit results, after shares closed down nearly five per cent [...]
Burberry fails to stop the selling May 31, 2019 Hard-won gains continue to evaporate as Burberry does no more than expected, writes our head of markets. Still being in the early stages of its transformation plan is dragging on these full-year numbers, but there is little doubt that Burberry's (LSE:BRBY)aspirations are high. Revitalising its iconic brand may take some time, but Burberry seems well-positioned. [...]
Lloyds Bank avoids shareholder revolt over pension pay but faces grilling from Noel Edmonds over HBOS fraud May 16, 2019 Lloyds Bank has avoided a shareholder revolt over pension pay despite MPs accusing bosses of “boundless greed.” Chief executive Antonio Horta-Osorio, Britain’s best-paid bank boss, took home £6.3m last year, which included a pension contribution of 46 per cent – compared to the maximum 13 per cent for other employees. Read more: Lloyds Bank unveils [...]
North Sea explorers get boost as US clamps down on Iran oil exports April 23, 2019 Toughened sanctions against Iran helped push up oil prices over the weekend, lighting a fire under London-listed exploration companies today. The cost of international standard Brent crude has risen 2.9 per cent over since Friday, hitting $74.68 per barrel – its highest point since October. Read more: FTSE 100 climbs to fresh six-month high as [...]
Do markets have much to celebrate going into 2019? Analysts say anything is possible January 2, 2019 Is a rebound across global indices on the cards in 2019? Callum Keown asks top analysts for their predictions. AS 2019 begins, the year inherits a smorgasbord of risks and uncertainty from a tumultuous 2018, which was characterised by market volatility, global growth concerns and emerging market crises. US stock markets had their worst year in [...]
Storms and abandoned nuclear projects take chunk out of National Grid profits May 16, 2019 Profits fell by a third at National Grid last year it said a day after being thrown into the centre of a debate over nationalisation. The figures The FTSE 100 grid operator lost 31 per cent of its profit before tax, down to £1.84bn in the year ending March, it said this morning. Read more: [...]
Pearson to unveil £500m pension insurance deal with Legal & General February 21, 2019 Publishing giant Pearson is set to announce a £500m deal with Legal & General (L&G) in a bid to shore up its pensions liabilities, Sky News reported. The FTSE 100 firm, which specialises in education, will announce the deal tomorrow alongside its annual results, according to the report. Read more: Pearson sells US school textbook [...]
FTSE 100 tumbles to its lowest in six weeks as the pound rises sharply November 10, 2017 The FTSE 100 closed at its lowest point in six weeks as a sharp rise in the pound pushed it lower. The index finished the day 0.7 per cent lower, at 7,435 points, having fallen to its lowest point in weeks earlier in the day. The selloff came as sterling rose 0.45 per cent against [...]