Banks, inflation, recession, gold AND Ocado: Five lessons the markets taught us this week March 31, 2023 It’s spring. The days are longer, the sun is shining, and fears about the imminent implosion of the global financial system are fading, for now anyway. Markets appeared to calm down after several weeks of banking-related aftershocks and both the FTSE 100 and FTSE 250 were on course to end the week on a positive [...]
Mark Austin interview: The City needs a culture change – we have to celebrate success March 30, 2023 The City of London is at an “inflection point” reckons the man who wrote last year’s capital raising review – but a year on, with Arm gone and others plotting New York floats, there remains much to do You’d be forgiven for thinking the Square Mile is in rather dire straits at the moment. Firms [...]
FTSE firms writing ‘ethical codes’ in droves – but few actually using them, report finds March 27, 2023 More FTSE firms than ever before have codes of ethics in place but few are using them to guide day-to-day decision making, a new corporate non-profit report has warned. Research by the Institute of Business Ethics (IBE) found 88 per cent of FTSE 100 companies have now adopted a code of ethics, City A.M. can [...]
FTSE 100 close: London index falls as investors react to mixed retail figures, JD Wetherspoon and Tui March 24, 2023 London’s FTSE 100 index closed 1.31 per cent lower today as investors failed to be enthused by data showing the UK’s economy is faring better than expected following the Bank of England’s (BoE’s) decision to hike interest for the eleventh time in a row. The capital’s premier index fell 1.05 per cent to 7,424.71 points [...]
FTSE 100 closes up as investors hope Credit Suisse deal will contain banking crisis March 20, 2023 Markets managed to shrug off turmoil in the banking sector to finish the day higher despite huge turmoil in the financial sector. The FTSE 100 closed 0.93 per cent higher at 7,403.85 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the UK economy, climbed 0.13 per cent [...]
FTSE 100 live: London index joins European markets to close in the red as jitters over Credit Suisse contagion continue March 17, 2023 A dramatic week for European markets has ended on a low, with a number of interventions from global banks failing to calm the nerves of jittery investors. London’s FTSE 100 closed firmly in the red despite seeing gains in early trading on Friday. It followed a group of US banking giants injecting 30 billion US [...]
FTSE 100 live: Oil rises to the top of London’s blue chip index as week’s trading draws to a close March 17, 2023 A rise in oil prices bolstered a FTSE 100 which had been battered by knocks in confidence over the banking sector most of the week. The FTSE 100 was last up 80.62 points at 7,490.65, a rise of 1.09 per cent, while the FTSE 250 – which includes more UK-centric listed companies was trading at [...]
FTSE 100 live: London takes fright as Powell testimony scares off blue chip investors March 9, 2023 London’s main index took another step back on Thursday as a second day of testimony in front of Washington lawmakers by Federal Reserve chair Jerome Powell largely stuck to the hawkish tone of the previous day. The FTSE 100 was last at 7,868.64, down 61.28 points or 0.77 per cent while the FTSE 250 which includes [...]
FTSE 100 live: London index gets the Monday blues on China GDP March 6, 2023 The FTSE 100 was dragged to a lower close after China set a five per cent GDP growth estimate for the year compared to its 5.5 per cent target, London’s blue chip index was down 17.32 points at 7,929.79. This lower-than-expected target hit metals prices with declines in the price of copper and iron ore, which [...]
FTSE 100 close: London index breaches 8,000 mark for first time ever despite Barclays tumbling February 15, 2023 London’s FTSE 100 today breached the 8,000 point mark for the first time ever despite Britain’s biggest banks tanking after Barclays posted a big profits drop. Today’s move higher crystalises the premier index’s bullish start to 2023 that has seen it surged more than seven per cent. The new year rally builds on advances that [...]