It has more than 30 mutations, the most ever recorded and double the number found in the Delta variant. It could be more vaccine resistant and transmissible than any previous version, triggering an “exponential” rise in cases in South Africa and other countries that it spreads to. And its so-called …
Read More »FTSE 100 Live 22 November: Oil prices fall, energy market, Europe Covid-19 restrictions, Europe shares, strategic oil reserves, KKR Telecom Italia
A $12 billion takeover move in the telecoms sector ensured European markets traded higher today, despite continued worries over the recent surge in Covid-19 cases on the continent. Buy-out group KKR’s interest in Telecom Italia ignited other shares in the sector, with BT and Vodafone among the London-listed stocks trading …
Read More »FTSE 100 Live 18 November: Royal Mail special dividend after shopping boom, oil price falls on strategic petroleum reserve plan by US China
R oyal Mail is set to deliver a bonus to posties and other shareholders after half-year results today included a £200 million special dividend. Other beneficiaries will include multibillionaire Daniel Kretinsky, known as the Czech Sphinx, who has built a 15% stake in the company. Royal Mail’s latest figures show …
Read More »European markets digest latest euro zone, UK inflation data
LONDON — European stocks are expected to open around the flatline on Thursday amid market concerns around the region’s inflation outlook. The U.K.’s FTSE index is seen opening 6 points lower at 7,281, Germany’s DAX 2 points lower at 16,248, France’s CAC 40 down 3 points at 7,155 and Italy’s FTSE …
Read More »Heavy metal takes a hit as markets eye inflation
By consensus inflation will come in at above 3%, but how much higher? The Bank expects it will rise above 5% in the next few months; some investors think the Bank is behind the curve and that its decision to hold rates last week was a mistake. Mining shares, seen …
Read More »FTSE 100 Live 21 October: Evergrande deal falls through, Barclays earnings after Tesla results, bitcoin record
E vergrande’s future was back in focus today after it emerged that China’s debt-laden property firm had failed to complete a key $2.6 billion asset sale. Its shares plunged more than 10% at one point following their resumption of trading, with Asian markets also back under pressure on fears of …
Read More »European markets react as U.S. sees rate induced sell-off
LONDON — European stocks advanced on Wednesday, looking to shrug off market nerves after a rate-induced sell-off in the U.S. in the previous session. The pan-European Stoxx 600 climbed 0.8% in early trade, with retail stocks adding 1.2% to lead gains while oil and gas stocks dropped 0.8%. Europe investors …
Read More »Pound loses ground as Brexit talks go to the wire – live updates
Good morning. Retail data dominates the agenda today, with sales figures for November due out at 7am. They’re expected to show a contraction in spending last month, with a large number of retailers closed due to heightened restrictions in much of the UK. It’s scheduled to be quiet on corporate …
Read More »FTSE 100 pauses for breath after surging on new vaccine news as easyJet reports huge Covid-19 losses
T he FTSE 100 was set to pause today after Monday’s surge which saw UK stocks leap 1.7% as travel, transport and leisure shares rallied. A flurry of global takeover deals added to the excitement that went through global markets after US biotech firm Moderna announced its coronavirus vaccine trial …
Read More »FTSE 100 gains as optimism returns on Covid-19 vaccine with Royal Mail and Vodafone shares in focus
T he FTSE 100 Index was set to get back on its winning streak today after losing some ground on Friday as optimism returned despite some of the euphoria from the Pfizer vaccine announcement wearing off. The London market was being called up 46.5 points at 6372 by spread betting …
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