Downbeat Shell drags FTSE 100 lower October 28, 2021 A poor set of results from FTSE 100 big beast Shell pulled London’s premier index down during the opening session of trading today. The blue-index dipped 0.23 per cent to 7,236.77 points, with the oil megacap’s two listed shares falling more than 1.70 per cent. Shell published results this morning showing earnings slipped 25 per [...]
Q&A: why are so many investors still ignoring the UK stock market? October 27, 2021 | City Talk Q: Are UK shares cheap because they’re “old economy” businesses in the banking, oil and tobacco sectors? Bill Casey: When we speak to management teams of UK-listed businesses, many are pulling their hair out, complaining their shares are lowly “rated” compared to US and European-listed peers. They run good quality businesses which we don’t think have [...]
FTSE 100 pulls back from 20-month high as investors brace for budget October 27, 2021 London’s FTSE 100 pulled back from a 20 month high this morning as investors brace for Chancellor Rishi Sunak to deliver his third budget at lunchtime today. The capital’s premier index slipped 0.22 per cent to 7,261.88 points during the opening session. More to follow.
Passive funds and ‘Do no harm’ are not synonymous October 26, 2021 | City Talk Some very black-and-white and reductive opinions about the prudence of active management have been making the rounds in the investment world of late. For example, in Defined Contribution Plans: Challenges and Opportunities for Plan Sponsors, from the CFA Institute Research Foundation, Jeffery Bailey, CFA, and Kurt Winkelmann state that an investment committee’s first responsibility is to “do [...]
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.