At the close: Gushing oil pushes the FTSE 100 higher as miners slip after recent gains June 7, 2016 The FTSE 100 managed a modest rise today, falling back from much bigger gains directly after the open. The blue-chip index added 0.2 per cent to close at 6,284.53. The initial burst came as a result of Royal Dutch Shell earmarking 10 per cent of its oil and gas production assets for sale, which would result in the [...]
Price conscious, sceptical and socially responsible: Wealth managers face millennial challenge June 7, 2016 Wealth managers should target the growing number of millennial investors, a new report has advised. Millennials, defined as those born between 1980 and 2000, currently account for 10 per cent of global private wealth, according to the Boston Consulting Group. This proportion is forecast to increase to 16 per cent by 2020. Read more: The City’s philanthropic heritage [...]
Before the bell: What you need to know before the US market open June 7, 2016 Markets are still cheering Yellen all but taking the June interest rate hike off the table and the Associated Press has called the US Democratic presidential nomination for Hillary Clinton ahead of today's primaries across the country. Here's what you need to know before the market open at 14:30 London time. Markets are still riding the wave [...]
BP Marsh & Partners profits almost double as well-selected investments continue to deliver June 7, 2016 BP Marsh & Partners appears to have laid its stakes wisely, as the specialist venture capital provider announced today that its profits had almost doubled in its year to the end of January. The figures Profits before tax at the company grew to £10.7m, up 81.3 per cent compared with £5.9m the year before. Meanwhile, the company's net asset value [...]
IPOs might be back – but for how much longer? June 7, 2016 Investors are on a treasure hunt for returns but there have been all too few big finds on stock markets lately and the jury is still out on whether a rally will present itself this summer. So why are managers so seemingly unwilling to tap into all the new issues hitting the markets? And where [...]
At the close: FTSE 100 bulldozes over Brexit concerns as oil and metal prices climb June 6, 2016 The FTSE 100 managed to kick off the week with a rise today, finishing up one per cent at 6,273.40 points. A jump in commodity prices managed to offset fears of Brexit that dragged down house builders. A flurry of recent polls have put the leave campaign neck-and-neck with remain as the 23 June vote draws nearer. The news [...]
Before the bell: What you need to know before the US market open June 6, 2016 Markets are hoping for clarity from Fed chair Janet Yellen later and a British exit from the European Union is looking more likely as a poll gap narrows. Here's what you need to know before the US market opens at 14:30 London time. US stocks are pointing up in the pre-market. The S&P is up by 0.13 per cent, the [...]
Investors look to production data as FTSE flattens June 6, 2016 Industrial data will be in focus this week as investors look for signs of life in the sector. With rising fears of a second quarter slowdown for the UK economy, poor industrial and manufacturing production figures on Wednesday could stoke broader fears. In March industrial production was wallowing 10 per cent below pre-crisis levels, with the [...]
At the close: Opec uncertainty holds the FTSE 100 down June 2, 2016 What was a volatile day on the markets ended rather flat. Big European Central Bank (ECB) and Opec meetings in Vienna failed to move the FTSE 100 far in either direction and it ended down 0.1 per cent at 6,185.61 points. The ECB decided, as expected, to keep interest rates on hold. Though it did raise growth and [...]
A vote to leave the EU could send the FTSE 100 south by 10 per cent over 12 months, bankers at UBS have warned June 2, 2016 Quitting the EU could knock the FTSE 100 back by 10 per cent over the next 12 months, to levels last recorded in February this year, UBS Wealth Management has warned. The pound would also take a hit, dropping to $1.25 and €1.20. In February the FTSE fell as low as 5536.97, 10 per cent off its current 6,185.79. The fall would [...]