At the close: FTSE 100 index closes down despite gains by Glencore, Antofagasta, ITV December 21, 2015 The FTSE 100 index closed down today, as losses from Associated British Foods (ABF) and Smith and Nephew were not compensated by gains at ITV, Glencore and Antofagasta. The UK's top blue-chip index closed 0.29 per cent down at 6,034 points ITV led the pack after it emerged Comcast's NBCUniversal was reportedly bidding to takeover [...]
FTSE 100 index opens up as miners and ITV make gains while Associated British Foods, Rolls-Royce and Smith and Nephew fall December 21, 2015 The FTSE 100 index opened up this morning, as losses from Primark owner Associated British Foods (ABF) and Rolls-Royce were compensated for by gains at miners, BG Group and ITV. The UK's top blue-chip index was 0.64 per cent up at 6,052 points in early morning trading. BG Group was 0.97 per cent higher at 916.85p per share [...]
Oil price drags on the FTSE 100 as airlines takeoff – London Report December 8, 2015 OPEC’S failure on Friday to agree to curb oil production weighed yesterday on the FTSE 100 index. The cartel failed to reach agreement despite a global supply glut and the strength of the dollar, which is leading to the collapse of global oil prices, with the resulting uncertainty hitting stock markets. The FTSE 100 closed [...]
FTSE 100 index opens higher on Associated British Foods, EasyJet and pharmaceuticals December 7, 2015 The FTSE 100 index opened up this morning, boosted by gains from EasyJet and Berkeley Group. The index was 0.53 per cent up at 6,271 points when the market opened. Primark owner Associated British Foods was 1.31 per cent higher at 3,530.5p per share, while Berkeley Group was 1.22 per cent up at 3,643p per share. Read more: RBS [...]
Black Friday 2015 UK: Will this be the last deals day of chaos? How smart tech will turn the sales event into a great shopping experience November 17, 2015 Last year shoppers in the UK spent £810m on Black Friday. Predictions are that the UK will see the first ever £1bn shopping day this year, when it lands on 27 November. The build-up is hugely hyped, alongside secrecy on the parts of many retailers about their killer offers. But what about the chaos that [...]
Black Friday 2015 versus 2014: One chart showing why this year’s shopping event is set to be the biggest yet November 15, 2015 Millions of shoppers made the most of Black Friday's bonanza offers last year, but some retailers were left wondering if the deal day was really all it's cracked up to be. Asda has already "called time" on a single massive sales day in favour of spreading out savings for customers, as have high street fashion chains [...]
Black Friday 2015 UK: After Asda pulled out of the big deals day, will it fade to grey? November 11, 2015 Asda’s decision to opt-out of the US-imported shopping holiday begs one question: Could this be Britain’s last Black Friday? With high-street retailers like Primark and Oasis also deciding to pull out of the Black Friday race, this is a huge sign that perhaps this one-day shopping bonanza could be abandoned by the majority of the [...]
Best of the Brokers for 5 November 2015 November 5, 2015 To appear in Best of the Brokers, email your research to notes@cityam.com ASSOCIATED BRITISH FOODS Shore Capital kept its “hold” rating on the group, but downgraded its retail earnings estimate for 2016. “Ordinarily, with such a full valuation being applied to activities and our expectations of the company delivering a flat to small decline [...]
Marks & Spencer dividend can’t hide fashion disaster as Next and Primark steal market share November 5, 2015 It's that time of year again. The nights are drawing in, the heating’s turned up, minor celebrities are switching on high street Christmas lights… and Marks & Spencer has revealed another disappointing half-year performance. Admittedly, shares rose yesterday – up 2.8 per cent – but this was more due to a modest improvement to margins and a [...]
FTSE 100 opens flat despite Standard Chartered’s share price plummeting after announcing 15,000 job cuts November 3, 2015 The FTSE 100 opened flat this morning, after finishing yesterday's session in the same manner. The UK's top blue chip index rose 0.13 per cent to 6,370 points on opening, but fell back to 0.04 per cent down at 6,359 points after five minutes. Standard Chartered's shares were down just over six per cent as the market [...]