FTSE 100 close: Prudential results give London markets a boost after US jobs data August 30, 2023 London markets finished higher on Wednesday with the capital’s premier FTSE 100 index given a lift by strong results from Prudential. The FTSE 100 index climbed 0.1 per cent to close at 7,473.67 while the mid cap FTSE 250 index rose 0.5 per cent to end at 18,564.52. Prudential was among the FTSE 100’s top [...]
Embattled Direct Line confirms Aviva exec Winslow as man to lead turnaround charge August 30, 2023 Adam Winslow, the head of Aviva's UK arm, will attempt to reverse a downward trend for the UK insurer Direct Line
German outlook bleak as consumer sentiment falls again August 29, 2023 German consumer sentiment is expected to fall in September, due to declining income expectations and propensity to buy, a GfK institute survey showed on Tuesday. The institute’s consumer sentiment index fell to -25.5 heading into September from a slightly revised -24.6 in August, below expectations of analysts polled by Reuters of a reading of -24.3. [...]
FTSE 100 close: London markets storm to two week high August 29, 2023 London’s premier index stormed to a two week high thanks as falling food inflation and hopes of a Chinese stimulus package lifted sentiment. The bluechip FTSE 100 ended 1.7 per cent higher at 7,464.99 while the midcap FTSE 250 rose 1.9 per cent to 18,468.59. Many markets around the world saw strong trading yesterday, when [...]
Rebel GAM shareholders cough up £18m and push through boardroom clearout after Liontrust deal implodes August 29, 2023 The rebel investor group that disrupted Liontrust’s takeover of GAM has agreed to cough up CHF 20m (£17.9m) and push through a total boardroom shake-up today.
Axe the £4bn-a-year share tax holding back stock markets, government told August 29, 2023 CALLS are increasing for the UK’s £4 billion-a-year share trading tax to be reduced or scrapped in an effort to reinvigorate our capital markets.
Only one in five think the Bank of England is doing a good job – but they still trust it more than politicians August 29, 2023 Just 18 per cent of the public think the Bank of England are doing a good job, but a majority still think politicians should not be given control of monetary policy.
Wall Street climbs to clinch its first winning week in a month August 26, 2023 Stocks rose on Friday to send Wall Street to its first winning week since July after the head of the Federal Reserve said it will “proceed carefully” as it decides what to do with interest rates. The S&P 500 climbed 29.40, or 0.7 per cent , to 4,405.71 after flipping between small gains and losses [...]
Next week in the City: Prudential, Bunzl and Grafton update investors August 26, 2023 Despite an August lull taking hold of the corporate calendar, Prudential, Bunzl and Grafton.
Tory peer’s CMC Markets fires warning on revenue as ‘challenging’ markets linger August 25, 2023 CMC Markets, the trading platform owned by Tory peer Lord Cruddas, fired another warning on income today as “challenging” conditions continue to weigh on activity.