US considers 60-day extension to looming China tariff deadline February 14, 2019 US President Donald Trump is mulling a 60- day extension of the 1 March deadline for higher tariffs on Chinese imports, according to reports. Trump is considering an extension to the 1 March deadline for more than doubling tariffs on $200bn (£156bn) of Chinese exports in order to give the two sides more time to come to [...]
Pound surges as support for Theresa May grows ahead of no confidence vote December 12, 2018 The FTSE 100 and the pound have both climbed this afternoon as support grows for Theresa May ahead of tonight's no confidence vote. The blue chip index has risen one per cent today from initial lows in early trading when it was confirmed the required 48 letters had been sent to the Conservative backbench 1922 [...]
JP Morgan Cazenove widens its lead as top FTSE 100 stockbroker, but Numis retains overall crown December 4, 2017 The brokers at JP Morgan Cazenove will be entering the festive season safe in the knowledge that their firm is still the FTSE 100 favourite, according to data out this morning from Adviser Rankings. JP Morgan widened the lead ahead of its main competitor, Bank of America Merrill Lynch (BoAML), which saw its FTSE 100 [...]
Attempts to tackle the ‘problem’ of high pay will end up making everything worse May 10, 2019 The more we learn about what other people earn, the more concern there is about it. Specifically, a political debate is raging over dramatic increases in the pay of chief executives of listed companies. Deemed “unfair” in the widening inequality discussion, pressure is growing from activists and politicians to fix this so-called problem. The latest [...]
Ladbrokes owner GVC shares plunge as bosses offload majority of their holdings March 8, 2019 Shares in GVC plunged 18 per cent this morning as chief executive Kenneth Alexander and chairman Lee Feldman offloaded the majority of their holdings in the online gambling company. Alexander sold £13.7m of stock and Feldman sold £6m of his holding, prompting other investors to dump their shares despite assurances that the pair will not [...]
Easyjet shares lose altitude on weaker passenger traffic outlook April 1, 2019 Easyjet was the biggest faller on the FTSE 100 today – closing down 9.7 per cent – after investors baulked at the low-cost carrier's 'cautious' outlook for the second half. Budget airline Easyjet said earlier today it is “more cautious” in its outlook for the second half of the year, blaming macroeconomic uncertainty and Brexit for [...]
European stock markets rise ahead of US-China trade talks April 3, 2019 European stock markets rose today as markets reacted well to upcoming US-China trade talks, and took heart in a growing Eurozone service sector and better-than-expected retail sales. Read more: Global stocks rise with investors optimistic about US-China trade talks Germany’s benchmark Dax index was the biggest climber, rising 1.2 per cent by 1.30pm UK time, [...]
Babcock could appoint Rolls-Royce director Cairnie as first woman chair within weeks March 31, 2019 Defence giant Babcock is planning to appoint a female director at Rolls-Royce as its next chair, according to reports. Ruth Cairnie, a non-executive director on the engine maker’s board and former executive at oil giant Shell, could be named the contractor’s chair within weeks. Read more: Defence giant Babcock's chairman to step down after decade [...]
Melrose moves into red after GKN takeover, but shareholders remain undeterred March 7, 2019 Acquisition specialist Melrose Industries fell into the red in 2018 after the £8bn takeover of aerospace parts group GKN, but shares rose five per cent on Thursday morning investors were buoyed by strong underlying profits. The FTSE 100 firm, which specialises in buying and improving underperforming businesses, said the hostile takeover of GKN had helped [...]
Concerns of ‘overboarding’ spark shareholder backlash against Compass non-exec February 8, 2019 A non-executive at FTSE 100 food company the Compass Group sparked a shareholder backlash at its annual general meeting today over concerns she holds too many roles. Twenty two per cent of the votes cast on whether Ireena Vittal should be re-elected to the company’s board went against her. Read more: Compass shares near all-time high [...]