FTSE 100 close: Soft Lloyds Bank results spark sell off as Natwest tumbles after Alison Rose exit July 26, 2023 London’s FTSE 100 was dragged down today by investors ditching shares in Britain’s biggest banks after Lloyds posted a soggy set of results that dampened market sentiment. The capital’s premier index fell 0.19 per cent to 7,676.88 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the UK [...]
FTSE 100 close: Unilever helps London index squeeze out gains as traders eye Fed and ECB July 25, 2023 London’s FTSE 100 has squeezed out gains in a busy day of company announcements ahead of the summer slow down. The capital’s premier index edged 0.17 per cent higher to 7,691.81 points, while the domestically-focused mid-cap FTSE 250 index, which is a better reflection of the health of the UK economy, was broadly flat at [...]
FTSE 100 close: Barclays, HSBC and Lloyds retrace losses as Ocado soars July 24, 2023 London’s FTSE 100 retraced early losses today to close in the black, driven higher by online supermarket Ocado surging after it settled a dispute over its warehouse technology. The capital’s premier index climbed 0.19 per cent to 7,678.60 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the [...]
I’ve loved every minute of it July 20, 2023 Without aviation insurance, people can’t fly,” says Mark Skilton, Aon’s chairman of Global Speciality within the firm’s Reinsurance Solutions business. Therein lies the rub of the entire insurance industry – a sector that, often in the background, keeps the world moving. And in doing so, it often has to move at speed: Skilton explains to [...]
It showed insurance is a tangible thing July 20, 2023 It can lead you astray,” says Rupert Moore with a chuckle as we discuss Japan’s variety of fried food options. It’s a country he knows well – Moore, now UK CEO of Reinsurance Solutions for global professional services giant Aon, worked out there for the firm for 10 years. And it’s to Japan he goes [...]
FTSE 100 close: Slowing China economy sends London index into red as Barclays and NatWest jump July 17, 2023 London’s FTSE 100 kicked off a fresh week today in downbeat fashion, dragged lower by signs that China’s economic recovery from the pandemic is whittling away. The capital’s premier index shed 0.38 per cent to close at 7,406.43 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the [...]
FTSE 100 close: Barclays, NatWest and Lloyds all surge after Bank of England gives clean bill of health to lenders July 12, 2023 London’s FTSE 100 was yanked higher today by Britain’s biggest banks surging after being given a clean bill of health by the Bank of England this morning. The capital’s premier index notched one of its best days in weeks, surging 1.83 per cent to 7,416.10 points, while the domestically-focused mid-cap FTSE 250 index, which is [...]
Grounded: Council blocks plan for London City Airport passenger and hours expansion July 10, 2023 Newham Council has voted unanimously to reject London City Airport’s plans to expand its passenger capacity from 5m to 9m and lengthen flying hours. Following an extended meeting this afternoon, councillors on Newham’s Strategic Development Committee voted to block the airport’s bid due to concerns over noise pollution. London City said it was “disappointed with [...]
FTSE 100 close: London index’s downbeat run extends into second half of 2023 July 3, 2023 London’s FTSE 100 kicked off the second half of the year in subdued style today, despite a rally among Britain’s largest banks and industrial giants. The capital’s premier index was up for most of the day, before eventually closing marginally lower, down 0.06 per cent to 7,527.27 points. The domestically-focused mid-cap FTSE 250 index, which [...]
British businesses most optimistic in over a year but London firms sweat over inflation June 30, 2023 British business optimism has climbed to its highest level in over a year despite consumers retreating in response to rising prices and the Bank of England’s aggressive interest rate rises, a survey out today reveals. UK business confidence climbed nine points to 37 per cent in June, taking it up to its highest level since [...]