Canadian investment giant close to HomeServe takeover May 11, 2022 Shares in emergency repair services firm Homeserve have surged after reports it was nearing a sale to Brookfield. HomeServe, listed on the FTSE-250 index, saw its share price up some 13 per cent on Wednesday afternoon after speculation of a takeover by the Canadian investment giant. Reports by Bloomberg on Wednesday morning suggested that the [...]
Parker Review: Almost all FTSE 100 boards now meet ambitious diversity target of at least one director from minority background March 16, 2022 Almost 90 per cent of Britain’s top companies have met ambitious goals to have more ethnically diverse boards. The secretary of state for business heralded “great strides” made in British firms, following a report by the Parker Review Committee, revealing 89 FTSE 100 firms are now more representative than five years ago. This comes after [...]
London Stock Exchange’s FTSE 100 plunges by more than 200 points as Ukraine war heats up rapidly February 24, 2022 The London Stock Exchange’s leading FTSE 100 index plunged more than 200 points, or 2.7 per cent, within moments of opening in reaction to Russia’s invasion of Ukraine. In response to the situation in Ukraine, Boris Johnson is leading a crisis meeting of senior ministers and officials to consider how to respond to Vladimir Putin’s [...]
FTSE: Markets heading for higher open today after NASDAQ recovers from 10-week lows January 11, 2022 Of the six trading days so far of 2022 the Nasdaq 100 has declined for four of them, falling to a 10-week low yesterday and into correction territory in the process, although it was able to finish slightly higher on the day, as buying interest started to come back in. On that score it was [...]
The year of the activist shareholder: Vocal investors rebel more as FTSE companies struggle to get directors re-elected and pay approved December 30, 2021 Investors in FTSE companies are becoming more activist, with a 29 per cent jump in shareholder votes against the re-appointment of directors, according to new data shared with City A.M. In total 42 directors have been subject to major dissenting votes against their re-election, compared to 30 in 2020, according to a new report from [...]
FTSE100 dips amid inflation surge December 15, 2021 The London FTSE100 index plunged this morning after data showed that inflation rates surged to 5.1 per cent in November – its highest level in a decade. Despite the surge, investors are no longer expecting the Bank of England to raise rates. The index saw retailers such as Next and Ocado fall 2.74 and 1.79 [...]
FTSE 100 rises again after bleak Black Friday November 29, 2021 London’s FTSE 100 has risen up slightly this morning after shedding 3.31 per cent on Friday amid the new coronavirus variant scares. The market movements come as the World Health Organisation and Coronavirus experts around the world called this morning for countries to drop travel restrictions and end mass hysteria – and instead be cautiously [...]
Markets: Standard Chartered, Flutter and miners put FTSE 100 in a hole November 2, 2021 The FTSE 100 is down this morning, weighed on by Paddy Power owner Flutter and Asia-focussed bank StanChart. The blue-chip FTSE 100 index eased 0.5 per cent after closing at fresh February 2020 highs yesterday, while the UK-centric mid-cap index slipped 0.2 per cent. Miners BHP, Rio Tinto and Anglo American were among the worst performers on [...]
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 [...]
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 [...]