FTSE risers and fallers: FTSE 100 falls one per cent as global growth concerns hit stock markets January 22, 2019 Stock markets across the world have fallen today on heightened fears of a global growth slowdown. Warnings by the International Monetary Fund and the United Nations that the US-China trade war could accelerate the slowdown yesterday weighed heavily on equities as the FTSE 100 fell more than one per cent. The mining sector, reliant on [...]
FTSE risers and fallers: US-China breakthrough gives markets a pre-weekend boost January 18, 2019 The FTSE soared upwards today as China signalled it would be willing to break the impasse in relations with the US. The markets reacted well to reports that the country was offering to go on a six-year buying spree to ramp up US imports to over $1tn a year. Officials made the offer, which would [...]
FTSE 100 index rises on hopes of US – China trade war breakthrough January 18, 2019 The FTSE 100 is up more than one per cent this morning on hopes of a breakthrough in trade talks between the US and China. The index was boosted by hopes of progress in the trade war, which were sparked by news reports suggesting that the US is considering reducing tariffs on Chinese imports. Read more: Markets lift [...]
FTSE 100: These are the biggest winners and losers of 2018 January 2, 2019 THE UK market felt the impact of Brexit last year as politicians scrambled to reach a deal on Britain’s fast approaching departure from the European Union. With a vote on Theresa May’s heavily criticised deal not expected until mid-January, and as the government pumps billions into planning for a no-deal Brexit scenario, it seems unlikely [...]
FTSE 100 ends its worst year since the financial crash in the red December 31, 2018 The UK's FTSE 100 blue-chip index ended its worst year since the 2008 financial crisis in the red, as a strong pound pulled down exporter shares. The FTSE 100 lost 0.1 per cent in trading on the last day of 2018, while the FTSE 250 added 0.2 per cent after a rally on Friday when they both closed [...]
Tech supermarket Ocado reveals solid sales growth amid physical retail downturn December 13, 2018 Once dubbed the "Microsoft of retail", online supermarket Ocado has shaken off the sector's blues to post strong sales growth in its final quarter of the year. In a trading update for the three months to the start of December, Ocado said it had seen "consistent strong" growth in sales in the region of 12 [...]
FTSE round up: Index drops on oil and mining share sell-off following fears of oversupply November 23, 2018 The FTSE 100 closed 0.14 per cent down this week after falling to 6,950.82, driven by a sell off in oil and mining shares. The biggest faller was silver and gold miner Fresnillo which saw a 6.98 per cent decrease to 746.4p as the company continued to feel the effects of being downgraded by Morgan Stanley [...]
Ocado to develop 20 new US warehouses in first three years of deal with Kroger October 30, 2018 The terms of Ocado’s landmark deal with US supermarket chain Kroger were unveiled this morning, with the British online grocer set to operate 20 warehouses across the pond in its first three years of the agreement. Ocado's shares were up more than five per cent in early morning trading. Kroger is set to order 20 warehouses, [...]
FTSE roundup: This week’s winners and losers October 5, 2018 The FTSE 100 ended the week nearly 86 points down today, with the index losing 1.16 per cent of its value. Unilever's shares are also down 0.4 per cent at 4,061p share following its reversal on its former plans to move headquarters exclusively to Rotterdam. Read more: Unilever scraps proposals to leave London headquarters Intu [...]
By disrupting its own industry, Ocado has proven the power of automation October 4, 2018 Further evidence of automation’s benefits has emerged this week following the news that online retailer Ocado’s revenue jumped by 11.5 per cent in the last quarter – largely thanks to the automation of its warehouses. The effects are unquestionably positive, with the average number of orders processed by the firm reaching 283,000 per week. Its [...]