FTSE 100 close: Ocado drags London premier index into red as pound strengthens after Sunak clinches Brexit deal February 28, 2023 London’s FTSE 100 lost ground again today, held lower by middle class favourite and online supermarket Ocado tumbling after it said losses have widened. The capital’s premier index fell 0.74 per cent to 7,876.29 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the UK economy, was broadly [...]
Fintech ‘innovation hubs’ set to launch around the UK in levelling up push February 28, 2023 A host of “innovation hubs” are set to be launched in cities across the UK today as part of a Treasury-backed plans to boost the growth of fintech beyond London. The hubs have been announced as part of the launch of the new Centre for Finance, Innovation and Technology (CFIT), a key recommendation of the [...]
FTSE bosses braced for wave of takeovers as foreign firms hunt for bargains February 27, 2023 Bosses at the UK’s top firms are braced for a wave of takeovers this year as foreign buyers continue to swoop on cheap London-listed companies amid a rebound in dealmaking, new research has found. Nearly ninety per cent of FTSE 250 directors said they believed UK firms were vulnerable to foreign takeovers this year, with [...]
FTSE 100 close: Bunzl and Rolls Royce help London index shrug off interest rate and inflation woes February 27, 2023 London’s FTSE 100 opened the week in positive territory today as investors appeared to shrug off concerns about inflation and how forcefully central banks would respond to it. The capital’s premier index jumped 0.72 per cent to 7,935.12 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the [...]
Five New Ways We’re Doing Hybrid Work February 27, 2023 We’ve come a long way since March 2020. Most workers will easily recall the day they were told to pack up their laptops and work from home for the foreseeable future. The Covid-19 pandemic revealed many companies were not prepared for remote working, and led to a whirlwind of uncertainty. The workforce adapted quickly. In [...]
Week ahead: Bank of England speak to dominate agenda as investors look for clues on interest rate path February 26, 2023 Investors will be parsing over a string of speeches from top Bank of England rate setters this week for clues on whether the central bank is close to ending its aggressive campaign to tame inflation. Ben Broadbent, a deputy governor at the Bank, kicks off a busy week of central banker speech at Threadneedle Street’s [...]
FTSE 100 close: Blue chip index sinks back into the red as IAG falls and Cineworld slumps February 24, 2023 The FTSE 100 sunk back to close at 7,878.66 down 29.06 points or (0.37 per cent down, ending the week on another subdued note. The FTSE 250, also closed lower at 19,696.53 or 93.96 down, or 0.47 per cent. This week’s close marked a sharp contrast with the previous where the FTSE 100 breached the 8,000 [...]
FTSE 100 close: London index slides into red despite Rolls-Royce scaling more than 20 per cent February 23, 2023 London’s FTSE 100 fell further away from the 8,000 point mark again today despite investors pouring into aerospace giant Rolls-Royce. The premier index shed 0.29 per cent to close at 7,907.71 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the UK economy, jumped 0.59 per cent to [...]
FTSE 100 close: Wall Street sell off spreads to London pushing premier index further away from 8,000 point mark February 22, 2023 London’s FTSE 100 was drawn into a sell off on Wall Street last night, pushing it further below the 8,000 point threshold today. The capital’s premier index fell 0.59 to 7,930.64 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the UK economy, slid 0.82 per cent to [...]
Jeremy Hunt faces calls for March budget giveaways after UK borrows £30bn less than forecast February 21, 2023 The UK government spent less than it reaped in from taxpayers last month helping to push yearly borrowing £30bn lower than projected by forecasters, officials figures out today reveal. The difference between what the government generated in revenue and spent hit a positive £5.4bn, meaning the UK’s public finances were in surplus last month, according [...]