FTSE bosses should be paid like top footballers, says ICAP founder Investing Bosses of London-listed firms should be paid like the best footballers without facing a backlash, Michael Spencer has argued. The founder of brokerage ICAP and former Conservative party Treasurer said that to attract top talent to run major companies, the UK needed to tackle the “political hot potato” of FTSE bosses’ pay. “We don’t mind [...]
FTSE 100 rises as Assad’s overthrow in Syria drives oil prices higher Markets The FTSE 100 ticked up on Monday morning as oil prices jumped after rebels overthrew the regime of Syrian President Bashar al-Assad over the week. Britain’s blue-chip index gained 0.28 per cent to 8,331.88, while the mid-cap FTSE 250, which is more closely aligned with the health of the UK economy, traded mostly flat at 21,047.56. Brent [...]
Which companies are set to join the FTSE 100? Markets Three UK companies are expected to be promoted to the FTSE 100 next month, with Games Workshop set to move to London’s top index for the first time. The Warhammer-maker has seen its stock price jump 35 per cent since the start of 2024 after reporting revenue that was ahead of expectations. St James’s Place [...]
Scrap FTSE 250 share tax to save small UK companies, says City October 17, 2024 Urgent measures like cutting stamp duty on FTSE 250 shares are needed to save smaller British companies, a group of City heavyweights have argued. In seven of the past 10 years, more listed small companies have left the UK stock market than joined it, and this trend will continue unless serious action is taken, a [...]
FTSE 100: London gains as Iran’s attack on Israel sends oil prices higher October 2, 2024 London markets made gains on Wednesday after an unprecedented missile attack on Israel by Iran that sent oil prices higher and shook global stocks.
London Stock Exchange set to decline in coming years, FTSE boards warn September 19, 2024 Slightly more than half of FTSE 350 company boards believe the London Stock Exchange will decline in the coming years, according to a new survey, in a blow to the UK government's plans for capital markets reform.
Goldman-backed Petershill announces bumper dividend after pick-up in dealmaking September 17, 2024 Petershill Partners has announced a special dividend of 9 cents (7p) per share after a flurry of deals and a successful asset raising round helped the private equity firm return to growth. The Goldman Sachs-backed firm, which floated on the London Stock Exchange three years ago, generated a total income of $146m (£111m) in the [...]
JTC: Profit soars after spate of acquisitions September 17, 2024 Financial services provider JTC has hailed a good start to the year after beating its upgraded guidance after a flurry of acquisitions. The acquisitive fund management firm, which is a FTSE 250 constituent, reported revenue of £147.1m in the six months to 30 June, a 21.1 per cent rise on the year prior. Earnings before [...]
FTSE 100: UK stocks erase losses from last week’s selloff ahead of economic data dump August 12, 2024 The FTSE 100 reversed its losses from last week's massive global selloff on Monday as investors hunt for bargains and look ahead to a slew of economic data in the coming days.
FTSE 100: London markets pare losses and US stocks surge after jobless figures August 8, 2024 London markets dropped on Thursday morning, unwinding much of their gains made on Wednesday following a massive sell-off earlier in the week triggered by fears of a US recession.