Investor caution leads FTSE to a three-week low – London Report April 29, 2015 BRITAIN’S top share index slipped to a three-week low yesterday as a slowing US economy and caution before the end of a Federal Reserve policy meeting led some investors to take profits from recent highs. The US reported its economy grew in the first quarter at just a 0.2 per cent annual rate, well below [...]
Poor data in the US and at home send FTSE down – London Report April 28, 2015 WEAK data at home and poor results across the Atlantic meant the FTSE 100 faced its biggest one-day drop in nearly a month yesterday. The FTSE 100 closed 73.45 points lower, or one per cent, at 7,030.53 points, retreating from a record high of 7,122.74 hit on Monday. The index extended losses in afternoon trade [...]
HSBC provides bounce as FTSE hits new highs – London Report April 27, 2015 THE FTSE rose to another record high yesterday as reports suggesting HSBC will spin off its British retail bank in a £20bn ($30bn) deal boosted stocks. The banking giant was up 3.1 per cent and has already said it is reviewing whether to keep its headquarters in London, given increased regulation and the possibility of [...]
FTSE boosted by utilities to reach near record high – London Report April 23, 2015 BRITAIN’S top equity index pushed higher yesterday, boosted by a bump-up for utilities stocks just two weeks before the General Election, while mining stocks also outperformed. United Utilities climbed 1.1 per cent, SSE advanced 1.4 per cent and National Grid rose 0.6 per cent after investment bank Citigroup said the sector would be favoured as [...]
Tesco turmoil proves toxic for the FTSE 100 – London Report April 22, 2015 TESCO’S massive loss dragged the FTSE 100 down yesterday. It was also hampered by heavy declines in banking stocks. Shares in Tesco closed down 5.2 per cent, at the bottom of the FTSE 100, after the UK’s biggest retailer plunged to an annual loss of £6.4bn and failed to provide details about the planned disposal [...]
FTSE 100 weighed down by record £6.4bn Tesco loss April 22, 2015 The largest full-year loss ever felt by a British retailer unsurprisingly made a dent on the FTSE 100 on Wednesday, as shares in Tesco fell by 5.5 per cent. The embattled supermarket was the biggest faller on the FTSE after reporting an annual loss of £6.4bn – a "difficult year" in the words of chief [...]
Strong Arm and a sunnier Sky lift the FTSE close to record – London Report April 21, 2015 THE TOP share index advanced yesterday towards a recent record high, with shares in ARM Holdings and Sky rising sharply after the companies announced strong profits. The blue-chip FTSE 100 was up 10.80 points, or 0.2 per cent, at 7,062.93 points by the close, after gaining 0.8 per cent in the previous session. However, the [...]
Mobilegeddon: The FTSE 100 winners and losers from Google’s algorithm changes April 21, 2015 It’s the end of the (online) world as we know it – and more than a third of FTSE 100 firms are not fine. So-called “mobilegeddon” is here. But that doesn't mean quite the end of the world – unless that is you happen to have a website which people tend to find through Google [...]
How the General Election could impact the FTSE 100 – DailyFX Tips & Picks April 20, 2015 With the General Election just weeks away, traders are getting excited about the potential impact on financial markets. There is a multitude of ways of trading it: while some will take a view on the FTSE 100, others will focus on sterling or individual shares. Today we will look at the FTSE 100 since the [...]
FTSE off its record high as Pearson’s shares are knocked – London Report April 16, 2015 BRITAIN’S top share index slipped off record highs on Thursday, with media group Pearson underperforming after a newspaper report of a glitch in a lucrative contract. The blue-chip FTSE 100 index initially rose to an all-time high of 7,119.35 points but then edged back and closed down 0.5 per cent at 7,060.45 points. Pearson fell [...]