Cineworld, which owns almost 10,000 screens across ten nations, represents one of UK investors’ few options to invest in the cinema business and has often held a role as a bellwether for the industry. Over the past 18 months, its turbulent performance has reflected investor perceptions of the movie trade’s …
Read More »European stocks rise on AstraZeneca, ASM strength
European stocks rose on Wednesday after one of the worst market routs this year as AstraZeneca lifted healthcare stocks on a deal to buy a rare disease drugmaker, while chip equipment producer ASM gained on an upbeat earnings forecast. British drugmaker AstraZeneca jumped 4.2% after saying it will take …
Read More »FTSE latest: UK stocks hit record high as economic optimism sweeps markets
E conomic optimism swept London’s FTSE 250 index to a record high today as traders placed their bets on a faster-than-expected recovery for pandemic-hit stocks. The domestic-focused FTSE 250 — home to companies including Royal Mail, easyJet and ITV — surged as high as 22,177.49 as the benchmark exceeded the …
Read More »UK inflation rises to 0.7% in January; biggest house price jump since 2014 – business live
“Post-Brexit border disruption”, and rising demand as Covid-19 restrictions are eased, will both push up prices, he explains, along with a looming energy … Source link
Read More »FTSE 250 movers: Greencore boosted by upgrade; AO World retreats
London’s FTSE 250 was down 0.8% at 20,288.50 in afternoon trade on Wednesday. Online electricals retailer AO World was the biggest loser, closely followed by Ferrexpo. On the upside, convenience food maker Greencore was the standout performer as Jefferies lifted its stance on the shares to ‘buy’ from hold’ and …
Read More »FTSE 100 movers: Aveva boosted by upgrade; British Land hit by downgrade
London’s FTSE 100 was up 0.3% at 6,590.75 in afternoon trade on Tuesday. Aveva was the top gainer after an upgrade to ‘buy’ from ‘neutral’ at UBS. Next was also sharply higher after the retailer reported a smaller-than-expected drop in sales over Christmas and said online sales made up for …
Read More »FTSE 250 movers: Softcat surges on update; Royal Mail gets an upgrade
London’s FTSE 250 was up 0.5% at 20,633.81 in afternoon trade on Tuesday. Softcat surged to the top of the index after saying that trading has remained positive since its first-quarter statement in mid-November and the company is ahead of where it expected to be. In an update ahead of …
Read More »FTSE 100 falls after coronavirus vaccine and Brexit developments
FTSE closes down 0.7% or 47 points at 6,556 after approval for Oxford’s Covid vaccine and vote passing post-Brexit deal were overshadowed by three quarters of UK being plunged into Tier 4 lockdown FTSE 100 index of biggest UK firms down by 0.71% or 47 points at 6,556 today Fall comes …
Read More »FTSE 250 movers: Calisen surges on takeover offer; Frasers retreats
Mike Ashley’s Frasers Group was in the red, having rallied a day earlier after lifting its full-year profit guidance and reporting higher half-year profits, driven by strong sales online and at stores as they reopened after the Covid-19 lockdown. Vistry was under the cosh, along with the rest of the …
Read More »FTSE 250 movers: Investec falls after results; Serco gains
London’s FTSE 250 was down 1% at 19,501.42 in afternoon trade on Thursday. Investec lost ground even though the financial services company reinstated its dividend and forecast an improved second half after better-than-expected interim results. Cineworld shares slumped following a report the cinema chain is considering a company voluntary arrangement …
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