At the close: Brexit poll sends FTSE 100 down for the month and knocks sterling back May 31, 2016 A shock EU referendum poll killed the FTSE 100’s chances of stumbling to a fourth consecutive month of growth today, as the blue chip index failed to stay above the 6,241 gain line. The FTSE 100 closed the day down 0.6 per cent at 6,230.79 following a new ICM survey which put the Leave side four [...]
European banking shares take a hammering as Deutsche Bank falls to its lowest ever June 16, 2016 European banking shares dropped today – with Deutsche Bank's share price falling to its lowest-ever in early trading. Deutsche shares fell as low as €12.94 , 2.5 per cent lower, while the UK's big four lenders were also hit, with HSBC dipping 1.1 per cent to 420.95p, Barclays falling 2.5 per cent to 157p, Royal [...]
EU referendum: Banking stocks rule the roost as Brexit camp slips back June 23, 2016 Banking stocks have stormed up the FTSE 100 today, as markets react as if we've already had the result of the EU referendum. The bluechip index charged higher in morning trading as a number of opinion polls released late last night and today showed the swing back towards Remain was holding right up until polling day. [...]
Diageo’s share price is up as sin stocks hold firm amid Monday stock market turmoil June 27, 2016 Diageo investors will be toasting their stocks today as the alcoholic drinks maker was one of the strongest FTSE 100 risers on Monday. By 1.30pm (GMT) Diageo was the sixth-highest riser, with its shares gaining 2.3 per cent to reach 1,922p, on a day when banking giants Barclays and Royal Bank of Scotland both fell more than 10 [...]
Which UK regions are the greatest digital skills adopters? January 9, 2017 Small businesses in London and Scotland are the biggest adopters of digital skills in the UK, reports the third annual Lloyds Banking Group Business Digital Index. The new data shows over 70% of small businesses in these areas have developed basic digital skills, compared with the UK average of 62%. However many have yet to develop a strategy for [...]
EU referendum: Markets gear up for overnight trading with a big day of gains June 23, 2016 The 23 June has been circled in City diaries for the past four months. Holidays were cancelled and all-hands-on-deck was the general message sent from on high. But, they needn't have worried, really. The stock markets have taken the referendum in their stride, surging for the fifth consecutive day to put on another 1.2 per cent [...]
These are the UK’s most-hated banks April 27, 2016 Banker-bashing may have become something of a national sport in recent years – but what about bank-bashing? A new survey has revealed UK banking customers' most-hated lenders. The so-called Big Four make up the top of the list, with Royal Bank of Scotland (RBS) scoring just 49.3 on a reputation scale of 0-100, while Lloyds follows, [...]
13 events that will change the world in 2017: Article 50, Snapchat’s IPO, more Libor trials and a vote on Heathrow January 3, 2017 2017 looks like it's going to be a busy one: we're looking ahead to some of the key business and political events already pencilled in for this year's calendar. 1. Supreme court to rule on Article 50 The Supreme Court is due to deliver its ruling on Gina Miller's case this month (Source: Getty) The Supreme [...]
Market mayhem: US stocks plunge at the open, dragged down by financials as Goldman Sachs’ share price falls to three year lows June 27, 2016 US stocks have tripped at the open, following mounting loses across Europe as the reality of last week's Brexit vote sets in. The major US markets have extended a sharp sell off from Friday as investors worry over the global implications of the UK's vote to leave the European Union, despite the best efforts of senior [...]
Trading suspended in Barclays and RBS as European bank shares crash June 27, 2016 Trading in bank shares was temporarily suspended on multiple occasions today as the value of European lenders tumbled in response to the vote to leave the EU. Financial giants Barclays and Royal Bank of Scotland (RBS) both fell more than 18 per cent by lunchtime as markets increasingly turned on stocks perceived to be most at risk from prolonged uncertainty [...]