Brent crude oil prices plummet nearly five per cent after US inventories surge May 23, 2019 Brent crude prices dropped below $68 per barrel for the first time in almost two months today, putting pressure on FTSE-listed explorers, after US inventories surged to their highest point in nearly two years. The international standard lost more than $3 over the day, a 4.75 per cent drop, trading at $67.77 in the mid afternoon. [...]
FTSE 100 falls sharply amid Brexit turmoil and US-China trade war May 23, 2019 The UK’s benchmark FTSE 100 stock index tumbled this morning as investors faced a perfect storm of political turmoil in Westminster and British companies being dragged in to the US-China trade war. Read more: Sterling falls as Theresa May clings to power despite cabinet mutiny The blue-chip FTSE 100 had fallen 1.5 per cent by 11.30am, taking it to [...]
Sterling falls as Theresa May clings to power despite cabinet mutiny over Brexit deal May 23, 2019 The pound has fallen sharply this morning as Prime Minister Theresa May comes under huge pressure to resign over the coming days following a cabinet revolt. Read more: Andrea Leadsom quits Cabinet with stinging attack on May's Brexit plan Sterling had dropped 0.4 per cent against the dollar by 8.30am, to buy $1.261, its lowest value since 4 January. [...]
Sterling hits fresh four-month low as Tories turn on May’s Brexit deal May 22, 2019 The pound has fallen to a fresh four-month low today as political crisis over Brexit mounts in Westminster. Read more: May loses support for Brexit deal after offering vote on second referendum Sterling had fallen 0.4 per cent against shortly before 12.30pm to buy $1.265, its lowest price since the start of January. Investors sold [...]
ii Winter Portfolio doubles after fifth market-beating year May 22, 2019 | City Talk After an amazing fifth winter, our portfolio almost doubles in value and beats all the global indices, proving that international investors are wrong to ignore UK stocks. It also proves it is possible to time the market. Five years ago, our interest was piqued by a stock market phenomenon that promised consistent market-beating returns year [...]
Is two-year low the nadir for IAG shares? May 21, 2019 | City Talk Investors have taken these results as a cue to pick up cheap stock, betting that the worst is over. In the context of its financial year, the first quarter will probably be one which International Consolidated Airlines Group (LSE:IAG) will want to forget. As can be seen from the demise of several smaller airlines over [...]
Stocks tumble as Google’s Huawei block stokes trade tensions May 20, 2019 Global stocks slumped today after Google blocked parts of its business with Huawei, sparking fears of an escalation in the trade war between the US and China. Google today confirmed it had suspended Huawei’s access to its Android operating system after US President Donald Trump blacklisted the Chinese company over fears it could be a [...]
Airline and travel stocks take a hit following Ryanair profit drop May 20, 2019 Airline and travel stocks have taken a tumble following Ryanair's profit slide, which it blamed on Brexit uncertainty and stuff competition in Europe. Holiday firm Tui is the biggest faller on the FTSE 100 today, with its shares down 3.79 per cent at the time of writing. Easyjet shares were down just over two per [...]
Lloyds Bank has more great news for income investors May 20, 2019 | City Talk It already pays a big dividend, but there's even more to like about Lloyds after last week's announcement. Around this time next year, Lloyds Banking Group's (LSE:LLOY) vast army of loyal shareholders will receive their first quarterly dividend. The news, announced last Thursday, will be well-received by the bank's investors who will value a more [...]
Even ITV’s big dividend can’t win over investors May 17, 2019 | City Talk After falling again sharply on these first-quarter results, interactive investor's head of markets explains why ITV is finding life so hard. Strategically, the song remains the same at ITV (LSE:ITV) as it continues to respond to changing viewer habits, while also lessening its reliance on traditional advertising. Indeed, there are signs of progress on both [...]