|Day's range||6,979.68 - 7,113.59|
|52-week range||6,851.60 - 7,903.50|
U.K. stocks outperformed on Wednesday after news that Prime Minister Theresa May had finally sealed a Brexit agreement with the European Union. “The slowdown is being driven by a lack of affordability, the inability to save for a deposit and a lack of equity,” rather than Brexit’s overhang, he wrote.DIY firms like B&Q-owner Kingfisher Plc (+2.0%), and Wickes-parent Travis Perkins Plc (+0.4%), rose.
U.K. negotiators have secured a deal with the European Union to exit the bloc, and on Wednesday Prime Minister Theresa May will try to win over her Cabinet and later, Parliament. A look at what sectors did during the week after the vote sheds some light on how they might respond to a deal.
of her premiership on Wednesday as she challenges her divided cabinet to back a draft Brexit treaty and attempts to face down Conservative Eurosceptics. Mrs May now has to sell it to her cabinet and parliament.
At the time, there was only one woman for every nine board directors in the FTSE 100. It aims for women to make up a third of FTSE 350 boards, executive committees and direct reports to executive committees by 2020. After minimal change in 2017, women now make up 30 per cent of FTSE 100 boards, and 27 per cent of the combined executive committees and direct reports.
The UK’s largest listed companies have come under fire for a lack of progress in appointing senior women, after the latest review found that the number of female chief executives had fallen from 15 to 12 over the past year. There was scant improvement in the number of female chairs in the FTSE 350, which rose from 17 to 22, according to the Hampton-Alexander women on boards review. “This lack of progress calls into serious question the possibility of achieving the UK’s target of 33 per cent by 2020 which I set as Minister for Women and Equalities in 2015,” said MP Nicky Morgan.
The FTSE 100 housebuilder said it was on track to deliver results for the full year in line with expectations, with the sales rate for the year so far in line with the 0.81 per week achieved in 2017. Taylor Wimpey said it was mindful of a number of factors, including the expectation that building costs will increase between 3-4 per cent this year, and signs of customer caution, particularly in the South East.
In the six months to September 30 the FTSE 100 company reported total revenue up 7 per cent to $2.4bn compared to the same period last year, with growth across all regions. Chief executive Brian Cassin said sales had risen as the group had expanded its data assets and introduced new products, which included the installation of data analysis platforms in 14 of its largest US clients. Mr Cassin said he expected full-year organic revenue growth to be in line with the first half, and at the top of Experian’s previous guidance range of 6-8 per cent.
Sterling strength offset a sharp recovery for Vodafone to leave the FTSE 100 little changed by the close. Vodafone registered its biggest daily percentage gain since 2008 after pledging to keep dividends ...
The British pound ripped higher, adding to its earlier gains on Tuesday, amid growing optimism a Brexit deal is close to being agreed. The currency was already trading higher on Tuesday after prime minister Theresa May told her cabinet that only a “small number of outstanding issues” stood in the way of London and Brussels finalising an agreement, comments that fuelled investors’ hope that a Brexit deal was imminent. The optimism intensified in afternoon London trading after Irish broadcaster RTE said British and European negotiators have agreed on a text that deals with the Irish border, potentially bringing a resolution to an issue that has prevented the Brexit deal talks from advancing.
Daejan cited its orthodox Jewish owners as the reason for the lack of senior women. Millennium & Copthorne joined the list after its female chief executive and a non-executive director both left in recent months.
led the FTSE 100 fallers on reports that the US would ban menthol cigarettes, which provide about a quarter of its group profit. was the FTSE 250’s sharpest faller after Berenberg advised selling. A weak online presence and a strained relationship with suppliers meant the retail group looked vulnerable to competition from Amazon, said Berenberg, which also argued that Sports Direct’s strategy lacked clarity.
(Bloomberg) -- With opposition to Theresa May’s Brexit plan mounting, U.K. equity traders are paying up for protection. A gauge tracking volatility expectations for the FTSE 100 Index has jumped to its highest level since July relative to the VStoxx Index of euro-area swings. The prime minister’s main fight now is about whether her guarantees to avoid checks at the Irish border after the divorce will bind Britain to European Union rules indefinitely.
Brexit is at the political forefront once again with Theresa May, UK prime minister, expected to hold a cabinet meeting early this week to discuss and approve the text of a possible withdrawal agreement. German chancellor Angela Merkel is set to address the European Parliament to set out a vision for the EU at a time of huge political change. On the economic front this week UK labour market statistics published on Tuesday will include figures on wage growth and employment, while on Wednesday the Office for National Statistics will publish inflation figures.
It’s a busy week ahead, with key stats to drive the majors along with geo-political risk, with Italy, Brexit and the U.S – China trade war in focus.
Investing.com - Stocks in New York started lower Friday on inflation concerns and the continued decline in oil prices, which hit energy shares.
The FOMC is meeting today and expected to announce their policy statement Thursday afternoon. European equities indices were up strongly at midday as US election results remove an element of political uncertainty from capital markets.
The FTSE 100 followed world markets higher in spite of a bleak day for corporate updates. Sophos hit an 18-month low after the security software maker posted an unexpected slowdown in billings growth and ...
If a withdrawal agreement is completed by the end of the year, as is Barclays’ base case, the pound is likely to rally. The pound gained on Monday following a Sunday Times report that Prime Minister Theresa May has secured concessions from Brussels to let her keep all of Britain in a customs union with the European Union. The FTSE 100 Index is down 11 percent this year in dollar terms, compared to a drop of 12 percent for the Stoxx Europe 600 Index.
is to sell three of its respiratory drugs for $350m to the Swiss pharmaceutical group Covis Pharma, as the Anglo-Swedish group shifts its focus to new medicines to drive profit growth. The FTSE 100 drugmaker picked up two of the treatments less than three years ago as part of a $575m deal in which AstraZeneca acquired the Japanese group Takeda’s respiratory portfolio. Two other drugs, however, will be sold on: Alvesco, which is an inhaler treatment for asthma, and Omnaris, used to treat nasal symptoms linked to rhinitis.
The FTSE 100 company behind Davidoff and Golden Virginia cigarettes said on Tuesday total group revenue for the year to September 30 edged up 0.9 per cent to £30.5bn compared to last year, but profit before tax fell 2 per cent to £1.8bn. Adjusting to strip out £110m in costs resulting from the administration of UK distributor Palmer and Harvey, operating profit at constant currency rose 2.9 per cent to £3.8bn. In the year total tobacco volumes fell 3.6 per cent, although Imperial’s tobacco “growth brands” (which include its Lambert & Butler, West and Davidoff lines) rose 2.1 per cent.
A strengthening pound and a falling oil price combined with disappointing corporate results to leave the FTSE 100 underperforming world benchmarks. was among its sharpest fallers after the grocer’s quarterly retail sales growth missed market expectations. Speculation suggested Deutsche Telekom was working on a potential offer for its UK rival and had made informal contact last week, but neither company responded to the claim.
Wall Street is tipped to slide on Tuesday as US voters head to the polls for midterm congressional elections. The yield on the benchmark 10-year US Treasury was down 0.4 basis points at 3.1952 per cent.
More than 180,000 workers across the UK will be in line for an above inflation pay rise from Monday as businesses implement a rise in “living wage” rates. The voluntary initiative attracted 1,200 employers last year, bringing the total number of organisations that are signed up to 4,700, including a third of the FTSE 100. The rate set by the Living Wage Foundation is above the UK government’s national living wage of £7.83, which all employers are obliged to pay to workers aged over 25.
Five months to the deadline, Britain is yet to reach a deal with the European Union on how to go about Brexit. Steve Eisman believes that now is the right time to short two U.K banks as expectations of the U.K leaving Europe without a deal soars.