FTSE 100 falls off record highs to end the week March 17, 2017 The UK's bluechip index fell off a record high in late afternoon trading, but nevertheless ended the week almost 100 points up. The FTSE 100 finished at 7,423.6 points, 0.1 per cent higher. Both risers and fallers were a mixed bag, with insurer Admiral Group leading the way, rising 1.8 per cent to 1,941p, followed by healthcare [...]
How inflation helps ‘value investing’ March 17, 2017 ‘Value investing’ has been resurgent since last summer, as explained here. Inflation can help this type of investing. Kevin Murphy, an author on The Value Perspective blog, explains why. At the very end of last year, in our post Three important investment lessons to take from 2016, we noted in passing that President Trump’s intention to [...]
Is Denver the best place to live and work in America? March 17, 2017 | City Talk The Schroders Global Cities Index ranks the fastest growing urban economies in the world. We write about our favourite cities on the Global Cities Blog. With its close proximity to the Rocky mountains, a rich cultural scene and growing population, we explain Denver's popularity and what that means for global real estate investors. Sitting at [...]
The future of TV: Is it just the walking dead? March 17, 2017 | City Talk In 2014, Netflix CEO & Founder, Reed Hasting, prophesied that “linear” – or traditional broadcast – TV would be dead within 15 years. As the company has grown, so too has the belief that his prediction will come true. However, while the future of broadcast television looks very different, we don’t think TV is finished just [...]
This stock market index rose 289% but could still be good value March 17, 2017 | City Talk Over time, smaller company shares have outperformed larger ones, research shows. The FTSE Small Cap index has risen 289% since its nadir in February 2009, compared with a 158% rise for the FTSE 100. Because of their size, “small caps” have the potential to grow more quickly. The quicker a company can grow its earnings in a [...]
Tullow Oil share price dives as it announces £607m rights issue March 17, 2017 Shares in Tullow Oil have dropped 15 per cent this morning, after the company announced a £607m rights issue as it continues to grapple with lower oil prices. Brent crude is hovering around $51.74 today. Tullow has been trying to tackle the problem of cheaper oil for years now – in 2015, the group slashed its capital [...]
FTSE 100 closes at a new record high as miners surge on Anglo American stake purchase March 16, 2017 The FTSE 100 closed at a new record high of 7,415.95 as Anglo American shares surged and markets breathed a sigh of relief on the Dutch election results. London’s blue chip index reached a high of as much as 7,423.20 points in morning trading as the mining sector surged, with a rally in oil and commodity prices [...]
Anglo American share price rises as Indian tycoon Anil Agarwal invests £2bn in the miner March 16, 2017 Shares in Anglo American have shot up this morning, after Indian tycoon Anil Agarwal made a bid to take a 12 per cent stake in the miner. The stock was up 9.2 per cent at pixel time. The mining boss announced last night that he plans to invest up to £2bn in Anglo by issuing a [...]
Polymetal on a spending spree as it ramps up capital expenditure March 15, 2017 FTSE 250 metal mining company Polymetal has boosted its revenues by 10 per cent but it has also ramped up spending at the same time, the company has said in its preliminary results for the year ended 31 December 2016 The figures Polymetal said capital expenditure has risen by 32 per cent to $271m (£220.54m) [...]
Profits soar at landscape gardening specialist Marshalls March 15, 2017 Landscaping group Marshalls’ share price jumped up by as much as six per cent in early trading as the builders’ merchants and garden centre supplier reported bumper profits in its 2016 full-year results. The figures Profits before tax rose by 31 per cent to £46m from £35.3m last year on flat revenues of £396.9m, up [...]