|Day's range||7,049.80 - 7,114.12|
|52-week range||6,866.90 - 7,903.50|
A busy week ahead sees the BoC and ECB in action, with the Saudis joining China on the hit list and then there’s Brexit and Italy to consider.
Britain’s economy is strong, stocks are inexpensive relative to those in the U.S., and when the Brexit drama passes, the pound sterling should rise.
’s move to increase control of the LCH clearing business may add to the prospects of a merger under new CEO David Schwimmer, AJ Bell says. Meanwhile, LSE Group’s third-quarter results showed positive momentum in its clearing and index operations, AJ Bell says. slide 6%, topping the list of FTSE 100 fallers, after the company said that comparable revenue per available room rose 1% in the third quarter, and that it is confident in the outlook for the rest of the year.
The British royal family needs impeccable timing and a strong sense of duty, but arranging for a royal baby to arrive around the March 29 date set for Brexit next year is going above and beyond. Sadly for the government, the announcement of Meghan Markle’s pregnancy—along with a minor royal wedding—hasn’t managed to distract from its troubles at the negotiating table with the European Union. Despite the crisis, the London stock market is calm, and those looking for bargains will be disappointed.
BEIJING (AP) — Asian stock markets sank Friday after Wall Street declined on losses for tech and industrial stocks and Chinese economic growth slowed.
Shares in FTSE 250 Crest Nicholson fell as much as 14 per cent to the bottom of the FTSE All Share when the market opened, while Persimmon, Taylor Wimpey and Barratt were all down 1 per cent. Meanwhile London-listed and South Africa-based medical group Mediclinic plummeted 12 per cent on a six-month trading update, in which the company reported revenue had fallen 1 per cent and adjusted ebitda had fallen 8 per cent. In Europe, the German-listed medical company Fresenius Medical Care also fell 14 per cent after the group cut its target for 2018 amid poor third-quarter results.
The group, which is the UK’s largest listed property company by market capitalisation, leased space that will generate £52m of rent during the period, up from £36.4m the year before, it said in a trading update. David Sleath, chief executive, said: “The structural trends of e-commerce and urbanisation continue to underpin occupier and investor demand for prime warehouse space, notwithstanding near-term economic and political uncertainty in the UK.
said it was on track to meet its target for women to make up half of its workforce by 2025, following a 40 per cent increase in the number of female staff over the past two years at the world’s largest miner. BHP introduced the target in 2016 and said it had launched initiatives to boost the hiring of women and allow more flexible working across its 26,000-strong workforce. “I believe we’ll get there and we’re on track,” said Athalie Williams, chief people officer at the Anglo-Australian company.
on Brexit, amid rising expectations that the timetable for finalising an exit deal could slip into December. Instead of confronting her cabinet by trying to force through agreement on a Brexit withdrawal treaty ahead of the European Council — originally billed as a key moment in the negotiations — Mrs May has left important issues unresolved.
Johnson Matthey , the world’s biggest maker of catalysts for diesel engines, missed out on a FTSE 100 rally after Volvo Group warned it may have to recall trucks because their catalytic converters were ...
FT subscribers can click here to receive Market Forces every day by email. One of the most important aspects of directing any action or thriller movie is making sure you give the audience a chance to recover from a big shock. An opening scene replete with explosions or drama is followed by a notable moderation in pace, a temporary breather before the next bout of rising action.
Shares in medical equipment maker ConvaTec fell more than 35 per cent on Monday after it cut its growth forecast and announced the immediate retirement of its chief executive. It was the second profit warning in 12 months for the company, which was squeezed out of the FTSE 100 last year. A change in inventory policy and in expected ordering patterns by the biggest customer of its infusion devices business — which supplies manufacturers of insulin pumps for diabetes — would hit revenues by between $18m and $23m.
BAE Systems led the FTSE 100 fallers amid scrutiny of its dealings with Saudi Arabia, which provides about 16 per cent of the defence contractor’s annual revenue. Growing unease over the disappearance ...
It’s deadline day for countries to submit draft 2019 budgets to the European Commission, with Italy likely to garner the most attention from investors. Bank of America reports third-quarter earnings and investors will be looking at what the bank plans to do next after hitting its cost-cutting and efficiency targets. US retail sales, which edged up 0.1 per cent in August, the smallest rise since February, are expected to record a gain of 0.6 per cent in September, led by automobile sales.
, buckle up, the rollercoaster ride has only just started for investors. Much of the consternation reflects the pressure in three major parts of the financial system: US bond yields, oil prices and China’s currency, the renminbi. What links them are the policy stances of the Trump administration regarding the US economy, Iran and China.
Wall Street staged a rebound on Friday afternoon to end a turbulent week on a more positive note, with US technology stocks enjoying their biggest one-day gain in more than half a year. The US stock market started Friday on the front foot, only to sag lower and threaten to end in the red for a seventh day running. Citi’s stock rebounded 2.1 per cent.
Friday 21.00 BST US stocks rallied into the weekend in an extremely choppy session, following a turbulent few days that saw concern over higher interest rates drive the S&P 500 down to levels not seen ...
FT subscribers can click here to receive Market Forces every day by email. Market corrections are messy, particularly when they begin by taking the elevator down rather than the stairs. The Russell 2000 index has entered a correction, defined as a drop of 10 per cent from its record closing peak set at the end of August.
Imperial Brands and British American Tobacco were the FTSE 100’s sharpest fallers on renewed concerns about a US regulatory crackdown. The Food and Drug Administration said yesterday it had sent letters ...
What does the chart show? Stock markets experienced a sharp sell-off this week as investors’ jitters about rising interest rates and the potential end to a decade-long run of performance for global stocks ...
SINGAPORE (AP) — Asian stocks were mixed on Friday as better-than-expected Chinese trade data gave some markets a breather from worries about the impact of punitive tariffs.
Douglas Flint will be looking forward to taking the reins as chairman of Standard Life Aberdeen , with the announcement of his appointment said to be only weeks away. The former HSBC chairman has been ...
Britain’s biggest online brokerage Hargreaves Lansdown has warned that market uncertainty and “weak” investor sentiment has caused an industry-wide slowdown. The FTSE 100 company said on Thursday that ...
Asian markets were broadly lower on Thursday after Wall Street slumped on a heavy selling of technology and internet stocks. Markets in Hong Kong, South Korea, Australia and Southeast Asia recorded similar declines. Investors are wary of possible further U.S. interest rate hikes.
(Adds company news items and futures) Oct 10 (Reuters) - Britain's FTSE 100 index is seen opening 12 points lower at 7,226 with FTSE 100 futures down 0.08 percent ahead of the cash market open on Wednesday, ...