FTSE roundup: Pearson pushes the blue chip index up as sterling shows signs of weakness May 4, 2018 The FTSE 100 index ended this week up 0.86 per cent on last Friday’s close, though it lost some of the gains made at Wednesday’s peak. Recovering publisher Pearson seemed to close the chapter on its all-too-regular profit warnings, saying at had seen a “good start” to the year. It led the blue chip index, [...]
Russian rouble (RUB) and stocks (Moex and RTS) down with US poised to reveal fresh sanctions April 16, 2018 The rouble and Russian shares have retreated today on the threat of fresh US sanctions. Sanctions targeting some of Russia’s most prominent tycoons dragged Russia’s currency down and battered some of its top companies last week. Yesterday, the US ambassador to the UN, Nikki Haley, warned a wave of new sanctions were on the way [...]
Russian markets, the rouble and Oleg Deripaska’s Rusal and En+ Group plunge on US sanctions April 10, 2018 Russian shares and other financial assets took a hammering on global trading floors yesterday as investors reacted to a fresh round of US sanctions targeting some of Russia’s most prominent tycoons. The biggest hit was taken by Russian oligarch Oleg Deripaska’s firms, with aluminium giant Rusal’s Hong Kong-listed share price more than halved, while shares [...]
FTSE roundup: Easyjet soars while housebuilders (Berkeley) temper blue chip index gains March 16, 2018 The FTSE 100 index has ended the day up 0.34 per cent, as Easyjet continued to climb after directors scooped up shares earlier this week. However the FTSE 100’s close, at 7,164 points, was substantially lower than last Friday’s close of 7224 points. BP helped to nudge the blue chip index up during the day, [...]
Last Week in the City: Trump threatens trade war March 2, 2018 This week US President Donald Trump threatened a trade war, a number of famous high street names, including Toys R Us and Maplin, got into serious trading trouble and upbeat assessments of the US economy from central bankers helped the US dollar to rally, reversing its recent trend. The FTSE 100 fell 0.2 per cent [...]
Markets wrap: FTSE 100 falls as bond yields jump, sterling falls agains the US dollar (GBPUSD) and bitcoin (BTC) swings February 2, 2018 The FTSE 100 today fell to its worst weekly performance since the summer in spite of the weaker pound – usually a boon to big multinationals with big dollar earnings. London’s blue-chip index lost more than 0.6 per cent to reach 7,443.43 points, its lowest close since 14 December to cap a week in which [...]
Global cyber attack hits UK firms as WPP reports hack June 27, 2017 A massive cyber attack which has hit a number of institutions in Ukraine appears to be spreading across Europe. Several firms, banks and government offices in Ukraine began to report attacks earlier today caused by ransomware named “Petya”. London-based advertising giant WPP has reported problems with its IT systems caused by a “suspected cyber attack”, [...]
FTSE 250 is on track for its worst day of 2017 after disappointing retail results June 15, 2017 Admittedly, it has been a good year for the FTSE 250, which has set several records as weak sterling encouraged investors. But today is not one of those days: the index was on the way to its worst showing of 2017 in morning trading, falling 1.36 per cent to 19,702 points as investors showed their [...]
These are the FTSE companies with the highest and lowest chief executive pay ratios March 15, 2017 With AGM season around the corner, and remuneration set to be a top issue for investors, chief executive pay ratios could again be about to come under the microscope. And while the certain retailers could feel the heat, a number of City firms should be able to rest easy. Pensions & Investment Research Consultants (Pirc) has drawn [...]
Best of the Brokers for 24 November 2015 November 24, 2015 To appear in Best of the Brokers, email your research to notes@cityam.com Analysts at Numis have revised their expectations for Close Brothers Group, lowering their earnings per share forecasts for the specialist financial services firm by 5.8 per cent for this year and a similar amount for next year off the back of the firm’s [...]