FTSE 100 falls steeply as global stock sell-off continues February 5, 2018 The FTSE 100 suffered a steep fall as markets opened today, following other big sell-offs in equity markets around the world. The benchmark stock indices in Germany, France, Italy and Spain all lost more than one per cent, dragging the Stoxx 600 index, which tracks the biggest companies across Europe, falling by 1.52 per cent [...]
Broadcom has upped its bid for Qualcomm to $82 per share February 5, 2018 The biggest tech deal ever just got a whole lot bigger – if it goes ahead that is. Broadcom has upped its bid for Qualcomm to $82 per share in a deal that would be worth a blockbuster $146bn. It had originally made an unsolicited bid of $70 per share for the iPhone chipmaker, an [...]
UK exports in financial services jump to £95.7bn February 5, 2018 Britain's exports in financial and professional services had a record-breaking year in 2016, according to figures released today by TheCityUK. Exports in the sector jumped 15.8 per cent from £82.6bn to £95.7bn, breaking away from four years of relatively sluggish growth, when exports edged up by 0.9 per cent each year on average. The UK [...]
FTSE falls on global equities selloff: Here’s how five City analysts reacted February 5, 2018 Shares slid this morning as global equities markets reacted to worrying data coming out of the US on Friday. In the UK, the FTSE 100 fell 1.2 per cent, its biggest fall since August last year – while sterling was pushed lower by a disappointing outlook for the UK’s services sector, with the purchasing managers’ [...]
Sadiq Khan campaign: FTSE-listed housebuilders pledge to reserve London homes for UK-based buyers February 5, 2018 Some of the UK’s biggest housebuilders have pledged to restrict the sale of London homes to UK-based buyers following a campaign by Sadiq Khan. Taylor Wimpey, Barratt London, Berkeley Homes, Redrow and others have offered to restrict sales of homes worth up to £350,000 to UK-based buyers for three months before embarking on any overseas [...]
Cineworld climbs after new shares issued as part of Regal deal February 5, 2018 Cineworld shares are up this morning after the company issued over 1bn new shares to the market. The issue comes after the group's shareholders backed its bid to buy Regal Entertainment Group, which will create the world's second biggest cinema group. The share price was adjusted from 518.5p on Friday's close to an opening price [...]
Super Bowl LII: Triumphant Philadelphia Eagles man Jay Ajayi hails London heritage after beating Tom Brady and co of New England Patriots February 5, 2018 Philadelphia Eagles running back Jay Ajayi lauded his journey from London to his first ever Super Bowl title after helping his side to a thrilling 41-33 victory over NFL titans the New England Patriots. Ajayi, who was born in Hackney, draped himself in the British flag as he celebrated the first Super Bowl victory in [...]
Cineworld climbs after new shares issued as part of Regal deal February 5, 2018 Cineworld shares are up this morning after the company issued over 1bn new shares to the market. The issue comes after the group’s shareholders backed its bid to buy Regal Entertainment Group, which will create the world’s second biggest cinema group. The share price was adjusted from 518.5p on Friday’s close to an opening price [...]
Britain already has a free trade deal with China, leaving Europe won’t improve it February 5, 2018 | City Talk Between 1839 and 1841 and then again between 1856 and 1860, the British Empire launched a series of military engagements against China. The cause? A trade imbalance between two of the biggest superpowers in the world. Demand in Britain for Chinese goods including silk, porcelain and tea was huge. It created an enormous trade imbalance [...]
Bank of England set to hold rates on Super Thursday February 5, 2018 The Bank of England is set to hold interest rates at 0.5 per cent on Thursday, but rate rises are forecast for later in the year. The bank’s Monetary Policy Committee (MPC) will vote on the rate on so-called Super Thursday, when the bank will also release its quarterly inflation report and release the minutes [...]