FTSE 100 retailers boosted by Brexit breakthrough, but stronger sterling hurts blue chip index November 22, 2018 Retailers and housebuilders were leading the way in the FTSE 100 this afternoon following the news that the UK and EU have agreed a draft text on their future relationship after Brexit. Online delivery service Just Eat saw its share price increase by nearly four per cent, while online gambling firm GVC Holdings, Berkeley Homes, Burberry [...]
Water giant United Utilities forecasted to hit higher profits November 18, 2018 United Utilities, the UK’s largest listed water firm, is forecasted to post a rise in earnings and profits when it reveals its first-half results later this week. According to City estimates the FTSE 100 group is set to report earnings before interest and tax (EBIT) of £360m in the first six months of the financial [...]
FTSE 100 roundup: Today’s winners and losers November 16, 2018 The FTSE 100 lost ground today, down 5.31 points at 7,032.70 just before markets closed after a turbulent start to the day when it lost as much as 0.8 per cent. All week markets have been reacting to the political fallout from Brexit as the FTSE 100 wiped out gains made late last week. Top 5 FTSE [...]
Sterling and stocks steady after plunging in the wake of Theresa May’s Brexit deal November 16, 2018 Sterling held steady during Friday's early trading after a day of turmoil on Thursday, which saw several ministerial resignations in the wake of Theresa May's draft Brexit deal. The pound rose by 0.3 per cent to above the $1.28 mark, having plummeted by its biggest margin for two years, yesterday. The FTSE 100 and FTSE 250 [...]
Melrose waits for GKN takeover to bear fruit as automotive revenues stay flat November 13, 2018 Turnaround investor Melrose said today that it is trading in line with board expectations after buying engineering firm GKN in an £8.1bn hostile takeover earlier this year. The FTSE 100 firm, which specialises in buying and improving underperforming businesses, told investors that GKN offers "an outstanding opportunity for value creation over the medium term". Melrose reported "strong" revenue growth in its [...]
The US midterms: Good for Democrats, but better for markets November 13, 2018 American politics is in a febrile state. Deep partisan divisions, heightened by Donald Trump’s controversial rhetoric and policies, have resulted in a historic year for midterm voter turn-out. Last Tuesday, voters on the left and right were spurred on by a conviction that the 2018 midterms were more important than any other in history. Politically, [...]
Take note of Ada Lovelace and the gender leadership gap November 13, 2018 Who was Ada Lovelace? She could soon be the face of the Bank of England’s new £50 note. Lovelace – the world’s first computer programmer and collaborator with the celebrated inventor Charles Babbage – is just one of the many women who have historically been under-recognised for their great achievements. The British public is keenly [...]
Shares fizz as Coca-Cola bottler reports rising revenue November 8, 2018 Shares at Coca-Cola HBC climbed five per cent in morning trading as the fizzy drinks bottler posted rising revenue on the back of higher demand in its international markets. The Swiss-based firm, which is the world’s second-largest Coca-Cola anchor bottler, led the FTSE 100 this morning after reporting revenues of €1.87bn (£1.63bn)in the third-quarter, rising [...]
Employers prepare to hand 180,000 workers a pay rise as real living wage increases November 5, 2018 Over a third of FTSE 100 companies are set to hand workers a pay rise this week as the real living wage rises to £9 an hour, an increase of 25p on the hourly rate. At least 180,000 staff and sub-contractors will receive the salary boost, which in London will rise by 35p to £10.55 an hour. The [...]
It’s time to go with the flow: The UK needs to accept global economic competition and come out on top November 4, 2018 | City Talk UK 1-1 Rest of the world. So reads the scoreboard from two recent corporate stories: Dyson’s decision to produce its electric cars in Singapore and Unilever’s to stay put in London. With Brexit beckoning, there is more focus than ever in Britain on its place in the world, and how that can be affected by [...]