FTSE 100 rises on positivity over US-China trade deal December 27, 2019 The FTSE 100 rose for the eleventh straight session this morning, as traders were cheered by positive signs over a US-China trade deal. London’s main index, which is on its best run in three years, adding 0.4 per cent. Miners provided the biggest boost, as Glencore and BHP rose about two per cent each. Read [...]
Four London infrastructure projects that unravelled in 2019 December 23, 2019 Boris Johnson “loves infrastructure”. At least, that’s what the Prime Minister said when he was asked about the High Speed Two rail project on the campaign trail earlier this month. And it is just as well. Because some of London’s biggest infrastructure problems are creaking at the seams. If the PM were not so keen on [...]
Glencore threatened with class against lawsuit that could run into the billions December 5, 2019 Mining and commodities giant Glencore could be hit by a class action lawsuit running into the billions, a law firm said today. Glencore confirmed today that the Serious Fraud Office (SFO) had launched a bribery investigation into its activities. Read more: Glencore shares tumble on Serious Fraud Office bribery investigation US law firm Boies Schiller [...]
Glencore shares tumble on Serious Fraud Office bribery investigation December 5, 2019 Shares in mining giant Glencore fell more than five per cent today after the company said it was being investigated by the Serious Fraud Office (SFO). In a statement to the stock market, the company said: “Glencore has been notified today that the Serious Fraud Office has opened an investigation into suspicions of bribery in [...]
IPOs – no sure thing? November 26, 2019 IPOs always attract plenty of attention, particularly when they are of highly-recognised companies. But are they a wise destination for investor cash? IPOs offer plenty of glamour, a change from the usual stocks in an index, and there have been plenty of new entrants to the UK stock market over the past ten years. Some [...]
FTSE 100 soars above European rivals as pound weakens November 22, 2019 The FTSE 100 jumped this afternoon, ending the week with a strong finish amid a drop in the pound and strong gains in some sectors. The UK’s blue-chip index led its European counterparts upwards, rising 1.21 per cent. Read more: Sterling falls as UK economy slows and US accelerates France’s CAC 40 index had climbed [...]
FTSE 100 slumps on UK credit rating downgrade as Hong Kong violence hits Asian stocks November 11, 2019 The FTSE 100 index slumped this morning after Moody’s downgraded its outlook on the UK’s credit rating, while global stocks took a hit on continued uncertainty over US and China trade talks and escalating violence in Hong Kong. The FTSE 100 fell as much as 1.19 per cent this morning to 7,271.5 points. London’s blue-chip [...]
FTSE 100 and European stocks leap on trade deal optimism November 4, 2019 European markets including the FTSE 100 opened higher this morning, as traders began the week with growing optimism over the current US-China trade war. London’s blue-chip index rose 1.1 per cent to 7,384 points in morning trading, while the Dax and the Cac also made similar gains. Read more: Volatile markets boost TP Icap revenues [...]
European markets open flat as cautious traders await Brexit showdown October 22, 2019 European markets opened flat this morning, as traders remained cautious ahead of a crucial three days for Prime Minister Boris Johnson’s Brexit deal. The FTSE 100 is trading down at 0.2 per cent, with Anglo American and Glencore taking the biggest gains while Reckitt Benckiser leads the fallers after posting mixed results. The Dax and [...]
Can you Brexit-proof your investment portfolio? September 16, 2019 The future of Brexit is unknown, but investors and traders need to be proactive if they are to avoid any sudden shocks. Here’s how you might Brexit-proof your investment portfolio. The UK hasn’t left the EU yet, but Brexit is already wielding its influence over the financial markets. For the past three years, investors and traders [...]