FTSE 100 edges higher as mining stocks lift index May 27, 2021 London’s FTSE 100 rose this morning as mining stocks buoyed the index on higher metal prices. The blue-chip index advanced 0.1 per cent in early trading, but gains were limited by oil majors BP and Royal Dutch Shell both slipping on lower crude prices. Meanwhile, the mid-cap FTSE 250 added 0.1 per cent, as Equiniti [...]
London markets dip as stronger pound limits gains and Amigo sinks May 25, 2021 The FTSE 100 slipped today as a stronger pound weighed on large dollar-earning consumer staples companies. Wall Street followed suit, sliding after the open despite a strong rebound in tech stocks yesterday. London’s blue-chip index dipped 0.2 per cent over the day, with delivery firm Just Eat Takeaway leading the way with a 4.4 per [...]
Wild Wednesday: Crypto in full blown meltdown as inflation concerns roil global markets May 19, 2021 Crypto currencies have gone into full blown meltdown with Ethereum falling 40 per cent at one point today, while Bitcoin prices have slumped below $40k as the sell-off gains further traction, after Chinese regulators took steps to discourage the use of crypto. The Peoples Bank of China said earlier today that cryptocurrencies should not be used or accepted [...]
Wall Street rises on retail boost as jobs data helps FTSE 100 tick up May 18, 2021 Wall Street opened marginally higher this afternoon after better-than-expected retail results boosted optimism about rising consumer confidence. The Dow Jones ticked up 0.07 per cent at the open, while the S&P 500 edged 0.06 per cent higher. The tech-heavy Nasdaq gained 0.28 per cent at the opening bell. The modest gains came after Walmart and [...]
FTSE 100 rebounds from five-week low while Wall Street extends recovery May 14, 2021 London’s FTSE 100 rebounded this afternoon as heavyweight financials stocks lifted the index after hitting a five-week low yesterday. The blue-chip index rose one per cent during afternoon trading, with software firm Sage adding 3.4 per cent after forecasting a year of growth towards the top end of its range. Read more: IPO: London commodities [...]
FTSE 100 outperforms global peers as Wall Street opens lower May 12, 2021 London’s FTSE 100 rebounded today after stronger-than-expected GDP data bolstered optimism about a sharp economic recovery. The blue-chip index rose 0.9 per cent this afternoon, with drinks giant Diageo adding 4.1 per cent after forecasting profit growth and restarting its capital return programme. Elsewhere, Wall Street’s main indexes opened lower this afternoon after better-than-expected inflation [...]
Hedge fund ExodusPoint takes short position in Deliveroo after disappointing IPO May 11, 2021 Hedge fund ExodusPoint Capital Management has reportedly taken a short position in Deliveroo after the delivery firm’s disastrous market debut. The New York hedge fund’s bet makes up approximately 0.56 per cent of Deliveroo’s shares, Financial News reported. The short position, which could be worth as much as £26m based on its closing price, marks [...]
FTSE 100 ends the day on a high while Dow hits new record May 5, 2021 Heavyweight mining stocks pushed the FTSE 100 higher today while Wall Street opened higher on strong jobs data as the Dow Jones hit a record high. The blue-chip index closed 1.68 per cent higher, buoyed by chemicals group Croda’s shares soaring towards the top of the index after it announced a business review assessment. The [...]
FTSE ends day with slump as Wall Street’s Nasdaq plunges nearly three per cent May 4, 2021 The FTSE 100 slipped back below the 7,000 point mark by the market close, despite a strong start to the week’s trading after the Bank Holiday weekend. The blue-chip FTSE 100 index fell 0.67 per cent by the end of the day, with banking stocks, including HSBC Holdings, Barclays and Standard Chartered posing the biggest drag on [...]
FTSE 100 and Wall Street strike an upbeat tone to start the week April 26, 2021 Soaring copper prices and hopes of a summer holiday pushed the FTSE 100 to close higher on Monday while Wall Street rose ahead of a busy week for big tech earnings. London’s blue-chip index came under pressure this morning due to a stronger pound and weaker oil prices. However comments made by Ursula von der [...]