After the record high FTSE falls on Weir warning – London Report February 25, 2015 THE FTSE 100 yesterday retreated from the previous session’s record high, with engineer Weir Group leading the market lower after warning about a significant drop in its revenue in the current year. The blue chip index closed down 14.25 points, or 0.2 per cent at 6,935.38 points after setting a new record high of 6,958.89 [...]
FTSE 100 at record high: Blue chip index passes 1999 dot com bubble peak February 24, 2015 It’s taken more than 15 years, but the FTSE 100 rose to a record high yesterday, finally beating the level that it reached during the dot com bubble. The blue chip index ended at a new peak of 6,949.63, beating the previous record of 6,930.2 set on 30 December 1999. Earlier, the index also set [...]
FTSE 100 closes at record high February 24, 2015 Having smashed its closing record earlier this week, the FTSE closed at a record high, finishing at 6,949.6 points. Earlier, it had breezed past its intraday record of 6,950 topping 6,957 in late afternoon trading. The index passed its 1999 closing record of 6,930.2 yesterday, gaining more than 20 points today after decision-makers in Brussels [...]
HSBC woe drags FTSE as Greek drama continues – London Report February 23, 2015 A DROP in the shares of banking group HSBC held back Britain’s top equity index yesterday, although many traders still expected the UK stock market to reach record highs soon. The blue-chip FTSE 100 index closed down by 3.04 points, flat in percentage terms, at 6,912.16 points. The FTSE had risen 0.4 per cent to [...]
As the FTSE closes in on 7,000, could Nasdaq beat it to the punch? February 23, 2015 The FTSE has been threatening to break 7000 points for a while, but could be beaten to the punch. The Nasdaq is closing in on its own fairly arbitrary target of 5,000, with both numbers close to the indexes' record rates. The Nasdaq now sits on 4,953.8, just 0.9 per cent below 5,000 and close [...]
Four times the FTSE 100 has broken records before February 23, 2015 Britain's benchmark index whizzed past its closing record of 6,930.2 today, which it first set back in 1999. This was during the dot-com bubble, as markets busily inflated on over-hyped tech stocks, before the bubble burst at the start of the new millennium. Here's four times it's been admitted (for better or worse) into the [...]
FTSE 100 smashes through its 1999 closing record February 23, 2015 Thanks to the effects of Greek negotiations, we've been holding our breath for this rather longer than expected – but the FTSE 100 has finally breezed past its closing record, rising past 6,930.2 for the first time since 1999. The index rose as high as 6,933 in early trading, as good news over Greek debt [...]
FTSE stripped of £2.7bn by strong sterling February 22, 2015 The FTSE 350 was hit hard by the high pound in 2014, losing in excess of £2.7bn in sales, according to new analysis. For companies on the index with full year results with year ends up to the end of September, annual revenues on a like-for-like basis were down 1.7 per cent on the same [...]
Rathbone Brothers slows in wake of FTSE stock weakness February 19, 2015 Wealth manager Rathbone Brothers hiked its full-year dividend yesterday despite a slowdown in underlying sales growth last year. The FTSE 250 firm, the biggest wealth manager in the UK behind rival St James’s Place, said the underlying rate of organic growth fell to four per cent during 2014, compared with 5.4 per cent in the [...]
Energy giants stall FTSE’s rise – London Report February 19, 2015 BRITAIN’S top equity index yesterday edged down from multi-year highs, with utility Centrica weighing on the market after cutting its dividend. The blue chip FTSE 100 index, which had risen to a 15-year high of 6,921.32 points on Wednesday, fell 0.1 per cent to 6,888.90 points. British Gas owner Centrica was the worst-performing FTSE 100 [...]