FTSE 100 sees red despite rate cut and £30bn coronavirus Budget pledge March 11, 2020 The FTSE 100 closed down 1.4 per cent today as the dual impact of interest rate cuts and new coronavirus stimulus measures failed to impress investors. London’s blue-chip index had jumped as much as 2.1 per cent earlier in the day after the Bank of England announced it would slash UK interest rates to protect [...]
How should investors act in a crisis? March 11, 2020 | City Talk With markets reeling from the effects of coronavirus, Schroders’ Group CIO, Johanna Kyrklund, highlights what investors should focus on. Coronavirus is the latest threat to market harmony that once again poses a timeless question: how should investors act in a crisis? Whether you’re a fund manager, responsible for billions of pounds of other people’s money, [...]
Coronavirus: FTSE 100 falters as European stocks fall back March 10, 2020 The FTSE 100 dipped in and out of the red in a volatile afternoon of trading after Black Monday’s global stocks meltdown, before closing up 0.23 per cent. The FTSE 100 and other European indices rose in early trading after President Trump revealed he was preparing a major economic relief strategy. However the semblance of [...]
Oil prices and Asian stocks collapse under coronavirus fears March 9, 2020 Oil prices and stocks collapsed today as investors piled into safe havens in a bid to escape the fallout of a fresh spread of coronavirus. Oil prices plunged around 30 per cent after Saudi Arabia signalled its intention to ramp up production. And investors knocked 30-year US bond yields below one per cent as they [...]
Coronavirus: FTSE 100 falls lower amid investor concerns about global growth March 5, 2020 The FTSE 100 tumbled after the open as investor sentiment was dampened by concerns over global economic growth being hampered by the coronavirus epidemic. Britain’s blue-chip index opened slightly up, but soon reversed gains and fell as much as 1.31 per cent in morning trading. The FTSE 250 slipped as much as 1.10 per cent. [...]
Coronavirus live: OECD warning weighs down FTSE 100 recovery March 2, 2020 The OECD’s warning that the coronavirus outbreak could halve global growth in 2020 weighed down the FTSE 100 today, sending it back into the red before recovering marginally. Traders had initially sent London’s blue-chip index up 2.7 per cent this morning on the back of central banks saying they were ready to intervene to protest [...]
FTSE 100 reshuffle: The five stocks at risk of falling out of London’s blue-chip list March 2, 2020 Supermarket chain Morrisons, B&Q owner Kingfisher and travel agent Tui are among the companies at risk as the FTSE braces for a reshuffle this week. The next quarterly shake-up is due to be announced on Wednesday, based on closing prices tomorrow. NMC Health, which is facing a probe into its finances by the City watchdog [...]
Coronavirus: the investment impact in seven charts February 28, 2020 | City Talk The spread of coronavirus, COVID-19, beyond China has created fresh uncertainty for the global growth outlook and sparked volatility in financial markets. Outbreaks in South Korea, Iran and Italy have raised concerns that the spread outside of China may be accelerating. We offer key facts on the spread of the virus, interspersed with views from [...]
Shares in crisis-hit NMC Health suspended February 27, 2020 Trading in NMC Health shares has been suspended this morning after the embattled hospital operator fired its chief executive and revealed $335m (£259m) of secret guarantees benefitting companies owned by two of its major shareholders. In addition to sacking boss Prasanth Manghat, leaving it with no executive board members, the company has also granted its [...]
Ailing NMC Health shares have further to fall, says analyst February 24, 2020 An analyst who was one of the first to predict a slump in NMC Health’s share price has slashed the embattled hospital operator’s target price, saying the stock could fall a lot further. Jefferies’ James Vane-Tempest cut his target price for the NMC Health from 1,300p to 500p, 42 per cent below Friday’s closing price. [...]