FTSE 100 jumps after global sell-off as pound slides September 7, 2020 The FTSE 100 and European stocks rose sharply as investors recovered their poise after a sharp sell-off in global stocks last week, with a falling pound boosting London’s blue-chip index. The FTSE 100 extended its morning rebound and was trading 2.46 per cent higher in afternoon trading. London’s FTSE 250 index of smaller firms also [...]
Eurozone investor morale rises for fifth month in a row September 7, 2020 Investors became increasingly confident about the Eurozone’s economic recovery in September, with a closely watched sentiment gauge hitting its highest level since February. The Sentix Eurozone economic index came in at minus eight this month, up from minus 13.4 in August. It was the fifth straight rise since the index slumped to minus 42.9 in [...]
Homeless shelter investment firm plans £250m London float September 7, 2020 Homeless accommodation provider Home Reit has this morning announced that it will float on the London Stock Exchange market next month. The trust, which seeks to invest in accommodation for homeless people across the UK, is looking to raise £250m from the initial public offering. The first real estate trust to float in London since [...]
The City View: Rational markets and innovative central banks? An investor’s guide to the crisis, with Phil Smeaton September 7, 2020 In this episode Christian talks to Phil Smeaton, chief investment officer for Sanlam Private Wealth, about how markets have behaved in recent months and the forces that could shape them over the rest of this year. Subscribe to The City View Podcast: Apple / Google / Spotify / RSS Phil discusses the fall in the value of the US dollar; the US [...]
FTSE 100 rises but Wall Street falls again on job data September 4, 2020 The FTSE 100 reversed yesterday’s losses, closing in on the 5,900 point level this morning despite last night’s ferocious sell-off of US tech stocks dragging markets down overnight. By the early afternoon London’s premier index was 0.7 per cent up at 5,888.96. The FTSE 250 index of mid caps also rose 0.2 per cent. However, [...]
British Gas to acquire council energy supplier Robin Hood September 4, 2020 British Gas owner Centrica has today announced that it will acquire council energy supplier Robin Hood’s customers for an undisclosed amount. As a result of the sale, which will complete on 16 September, 250 staff will lose their jobs, the Telegraph reported. Robin Hood’s 112,000 residential customers and its 2,600 business customers will be transferred [...]
FTSE 100 rally cools as Wall Street slips from overnight highs September 3, 2020 The FTSE 100’s rally slowed this afternoon, with London’s premier index trading 0.3 per cent up at 5,957.69 points as of the early afternoon. Optimism that the economy could be in line for further stimulus measures kept the market in the black even as Wall Street slipped from last night’s record highs. The FTSE 250 [...]
SSE fined £2m by Ofgem over ‘inside information’ failings September 3, 2020 SSE has been fined £2.1m by Ofgem for failing to publish inside information about the wholesale energy market. The FTSE 100 energy firm failed to publish timely information about the future availability of its generation capacity, the regulator said. This was likely to have had a “significant” effect on forward wholesale electricity prices, it added. [...]
CMC Markets continues its strong performance post-lockdown September 3, 2020 Spread betting and trading platform CMC Markets today said its strong performance during lockdown had continued during the summer months. The company said it is confident that its 2021 financial year net operating income will exceed the upper end of current market consensus. The coronavirus selloff in March helped bolster CMC’s income by 93 per [...]
FTSE 100 jumps as homebuilders cheer surge in UK house prices September 2, 2020 The FTSE 100 jumped as investors welcomed signs of an economic recovery, with homebuilders riding high after UK house prices hit a record level despite the coronavirus pandemic. The UK’s main stock index climbed 1.1 per cent to 5,929 points, having shed almost two per cent yesterday. The FTSE 250 index of smaller firms rose [...]
