FTSE 100 close: BP propels London index to record high as UK set to swerve recession February 8, 2023 London’s FTSE 100 pumped to a record intraday high today led higher by oil giant BP and investors globally cheering signs that central banks are nearing the end of their interest rate rises. The premier index hit its record intraday high of a shade over 7,925 points at the open in the City today. It [...]
FTSE 100 close: BP propels London index higher after posting record £23bn profit February 7, 2023 London’s FTSE 100 was boosted by investors piling into oil giant BP , which announced its highest ever full year profits of £23bn last year. The capital’s premier index jumped 0.36 per cent to close at 7,864.72 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the UK [...]
FTSE 100: London falls from record high as retailers JD Sports, Next and Mike Ashley’s Frasers drag index down February 6, 2023 The FTSE 100 started the week lower on Monday, as retailers dragged the index lower. The capital’s premier index dropped 0.82 per cent to 7,836.71 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the UK economy, closed at 20,409.38, down 0.89 per cent. The fall takes the [...]
Could A Pro/Con List Set You Up For Career Failure? February 6, 2023 What do you do when you have to make a tough decision at work? Do you procrastinate and avoid thinking about it; do you get on with it, throwing yourself into research, or do you go down the popular route and utilise a pro/con list? Tried and tested, the origins of the pro/con list can [...]
FTSE 100 live: London index pulls away from record high as US dollar strengthens on Fed rate hike bets February 6, 2023 London’s FTSE 100 climbed down from its record high to kick off the week today, dragged lower by big British retailers taking a tumble. The capital’s premier index dropped 0.87 per cent to 7,833.20 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the UK economy, edged 0.10 [...]
Week ahead: UK economy to narrowly avoid recession but GDP still expected to shrink February 5, 2023 The UK economy narrowly avoided a recession at the end of last year, new official figures out this week are expected to reveal. City traders think new GDP numbers from the Office for National Statistics on Friday will show the economy contracted 0.3 per cent in December, meaning the UK will have just about skirted [...]
FTSE close: Blue chip index sets a new record high as recession and inflation fears ease February 3, 2023 London’s FTSE 100 Index ended the week on a high having reached its highest ever score, beating the previous record of 7,903.5 set in May 2018. On Friday, the index had briefly pushed as high as 7,906.58 as global inflation and interest rate fears continued to ease. The index of the UK’s largest publicly-listed firms [...]
The UK’s biggest mining and energy businesses may need to wean themselves off China February 3, 2023 In this guest opinion piece, Daniel Dalton, former Conservative MEP and former CEO, British Chamber of Commerce to the EU, writes that Britain’s firms need to deal with China with their eyes wide open Encouraged by successive governments, British companies have spent many years courting China, its resources and its huge, increasingly affluent population. British [...]
Oil set for second week of losses as investors await Chinese rebound in demand February 3, 2023 Oil is on course for a second straight week of losses, with investors hoping for clearer signs of fuel demand recovering in China.
FTSE 100 close: Markets shrug off rate hike as JD Sports and BT lift index February 2, 2023 The FTSE 100 closed higher on Thursday, boosted by a strong performance from BT and JD Sports, as investors digested the latest interest rate decision from the Bank of England later today. Governor Andrew Bailey increased interest rates by 50bps to a post-financial crisis high of four per cent earlier today. Investors think the Bank [...]