The benchmark FTSE 100 index declined 0.5% in morning trade, diverging from its Asian peers, while the domestically focussed mid-cap index fell 0.7%. Bank of England (BoE) Governor Andrew Bailey said on Wednesday that the economic impact from COVID-19 still remains strong, while noting the inflationary pressure from supply chain …
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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 …
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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 …
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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 …
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Season three of Fantasy Fund Manager has kicked off and it’s time to pick your winning mix of British stocks. While many will favour “gut feeling” approaches, there are several time-old strategies favoured by professionals. The Telegraph’s share tipping game launched today and everyone starts with £100,000 to invest in between five …
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Jordan Dufee Senior Analyst Strategy published on : 01/06/2021 | 02:49 long trade Live Entry price : 360.1GBXTarget : 472.6GBXStop-loss : 295GBX Potential : 31.24% The underlying tendency is to the upside for shares in Royal Mail plc and the timing is opportune to get back into the stock. A comeback of the upward dynamic can be anticipated.Investors …
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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 …
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In London, equity markets rose solidly as investors continued to rotate away from lockdown winners and into neglected energy, aviation and travel stocks. BP and Royal Dutch Shell both jumped against the improving demand backdrop, with the former closing up 21.4p at 274.8p. Shell rose 73.4p to £13.26, with the …
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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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Royal Mail shot to its highest price since February 2019 on Monday, on hopes it could win a £550m government contract against Amazon to deliver 215,000 Covid home-testing kits a day as part of the NHS Test and Trace. Britain’s postal service company rose 8.5p to 261.7p. Adding to optimism is …
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