London stocks were still in the red by midday on Thursday as concerns about the new Omicron Covid variant and potential rate hikes weighed on investors’ minds. The FTSE 100 was down 0.7% at 7,119.72, having taken its opening cue from Wall Street, where stocks tumbled after the first US …
Read More »FTSE 100 movers: Sainsbury’s slumps; Polymetal shines
London’s FTSE 100 was down 0.4% at 7,079.43 in afternoon trade on Tuesday. Supermarket chain Sainsbury’s was the worst performer on the index. Susannah Streeter, senior investment and markets analyst at Hargreaves Lansdown, said it could be down to nervousness about trips to bricks and mortar supermarkets amid worries about …
Read More »FTSE 100 movers: Telecoms shares rally on deal news; gold miners drop
London’s FTSE 100 was up 0.5% at 7,257.43 in afternoon trade on Monday. Vodafone and BT Group rallied after private equity firm KKR made a $12bn takeover approach to Telecom Italia. Neil Wilson, chief market analyst at Markets.com, said: “There has been a lot of speculation about a possible takeover …
Read More »Thursday preview: Philly Fed, Royal Mail in the spotlight
The key data release on Thursday was expected to be the Philly Fed´s regional manufacturing index, which economists believed would reveal a small improvement in activity levels for the month of November. As ever, investors would likely also be keeping close tabs on the latest weekly unemployment claims figures. The …
Read More »Sunday share tips: Games Workshop, OSB Group
The Sunday Times‘s Robert Watts sounded the retreat for investors in shares of Games Workshop, the maker of table-top figurines for The Lord of the Rings, Warhammer and other fantasy settings. In particular, he took issue with the company’s decision to clamp down on fans who were creating animations using …
Read More »Sunday newspaper round-up: IAG, The Hut Group, Nvidia
A cash call would be the quickest way for IAG to tackle its €12.3bn of debt and begin paying a dividend again, HSBC aviation analyst Andrew Lobbenberg said. If not, then the carrier would have to resort to its cash flows. Any decision on a rights issue would likely be …
Read More »London open: Stocks edge up ahead of non-farm payrolls
London stocks rose in early trade on Friday after the US Senate approved a deal to raise the debt ceiling, but gains were unspectacular as investors eyed the release of the latest US non-farm payrolls report. At 0825 BST, the FTSE 100 was up 0.3% at 7,097.63. Richard Hunter, head …
Read More »UBS downgrades Royal Mail to ‘sell’, shares tumble
Royal Mail shares tumbled on Wednesday as UBS downgraded them to ‘sell’ from ‘buy’ and cut the price target to 440p from 590p. The bank said risks to opex were increasing, with potential pricing pressure in UK Parcel. UBS cut its FY22/23 EBIT estimates by 8%/15%, mainly driven by higher …
Read More »Europe close: Stocks stage modest bounce ahead of quarter’s close
European shares put in a modest bounce on Wednesday, with both stocks and bonds finding a bid following the steep losses seen in the previous session. “Stocks are in rebound mode today after Tuesday’s drop, as some of the stagflation concerns ease and bargain hunters pile in,” said IG chief …
Read More »Royal Mail sees higher H1 profit as revenues rise 8%
Royal Mail said it expected a rise in first half profits despite rising costs as the pandemic-driven boom in parcel delivery from online shopping continued to drive revenue growth. The letter and parcel carrier said revenues climbed 8.2% to £5.1bn in the five months to August. It added that it …
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