Strong earnings lift sentiment and boost London markets October 26, 2021 A string of strong corporate earnings boosted investor sentiment and lifted London markets this morning. The capital’s premier FTSE 100 index climbed 0.75 per cent to 7,277.19 points, while the mid-cap FTSE 250 rose by the same amount to hit 23,113.57 points. More to follow.
Upbeat banking stocks lift London markets October 25, 2021 A rally among banking stocks lifted London markets this morning as investors kicked off the week in an upbeat mood. The capital’s FTSE 100 climbed 0.52 per cent to 7,241.83 points, while the mid-cap FTSE 250 edged 0.04 per cent higher to 22,941.80 points. More to follow.
Philip Morris accused of lobbying government amid £1bn Vectura takeover October 25, 2021 Concerns continue to mount that tobacco giant Philip Morris International will use its £1bn takeover of inhaler company Vectura to lobby in the public health sector. Fears that the move will legitimise the tobacco industry as an active player in the health sector have spiked after Philip Morris boss Jacek Olczak was accused of lobbying [...]
UK investors cheer third quarter dividend windfall October 25, 2021 As supply chain, labour and inflation storm clouds gathered on the horizon, City investors toasted an overflowing dividend pot and the end of this summer – boosted by the FTSE’s mining, oil and banking companies. Total UK dividends soared to £34.9bn in the three months to 30 September, up by nearly 90 per cent on [...]
FTSE 100 drops as industrial stocks continue to slide October 21, 2021 Industrial stocks continued their descent this morning, dragging the FTSE 100 down sharply. The capital’s premier index fell 0.31 per cent to 7,200.43 points during the opening session today. More to follow.
Sliding industrials lead London markets lower October 20, 2021 Sliding industrial stocks led London markets lower during the opening session today. The capital’s premier FTSE 100 index edged down 0.15 per cent to 7,206.41 points, while the mid-cap FTSE 250 fell 0.13 per cent to 23,023.82 points. More to follow.
The future of work in a post-Covid investment industry October 19, 2021 | City Talk Disruptions resulting from Covid-19 have forced businesses to adapt and create new models of work. Although some industries may return to something resembling their pre-pandemic operating model, the investment industry has already crossed a threshold. That is the view of Kunal Kapoor, CFA, who participated in a webinar entitled ‘The War for Talent and the [...]
London markets muted as investors mull Bank of England’s next step October 19, 2021 London markets were muted during the opening session this morning as investors mull whether the Bank of England will hike interest rates next month. The capital’s FTSE 100 index inched down 0.02 per cent to 7,202.55 points during the first hour of trading. Several banking giants yesterday raised their forecasts for when the Old Lady [...]
Markets today: Europe set for a modest rebound as Asia markets bounce back October 19, 2021 Not a particularly great start to a new week yesterday for markets in Europe, but having just come off the back of three days of strong gains at the end of last week, markets were probably overdue a bit of a pullback. The big question for CMC chief market Michael Hewson, chief market analyst at [...]
By 2028 the cybersecurity industry could be worth $418B October 18, 2021 | City Talk The year 2021 is turning out to be a big year for cybersecurity stocks. When work became remote and cloud computing became more essential, organisations found themselves facing new challenges head-on. Businesses are now more aware than ever that they must protect themselves from data theft and other cyberattacks. Subsequently, demand for high-end protection software [...]