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 »Oil market taps into vaccine positivity
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 …
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 …
Read More »Covid test hopes a tonic for Royal Mail
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 …
Read More »Royal Mail share price surges on hopes it could win £550 million contract to deliver Covid tests
R oyal Mail’s share price surged nearly 8% today amid heavy trading volumes after reports said it was in a battle with Amazon to win a contract to deliver hundreds of thousands of coronavirus home testing kits. The company’s shares have been increasingly in investors’ sights as analysts bet record …
Read More »FTSE 100 share prices fall as coronavirus spread offsets hopes of a Brexit trade deal for Boris Johnson
The week was set to start on the gloomy note for the FTSE 100 today after a weekend of worsening Covid-19 infection numbers grip the global markets, outweighing hopes of progress on post-Brexit trade negotiations. Shares managed a decent run on Friday after US pharmaceuticals group Gilead’s Remdesivir won approval …
Read More »Retail rebound lost pace in August – live updates
Good morning. The latest official data on UK retail sales, set for release at 7am, is expected to show a slowdown during August amid the impact of the Treasury’s hugely-popular Eat Out to Help Out scheme. Elsewhere, it’s a typically quiet Friday, with European stocks expected to drift slightly lower …
Read More »Director dealings: Sirius Real Estate CEO sells shares
Sirius Real Estate revealed on Wednesday that chief executive Andrew Coombs had disposed of 719,166 ordinary shares in the FTSE 250-listed property company. Coombs, who joined Sirius in 2010, sold the shares on Tuesday at an average price of 74.99p each, for a total value of £539,281.01. Back in June, …
Read More »Market report: Lockheed deal gives BAE a lift
Fellow mid cap Royal Mail wiped out most of Friday's gains, dropping 8.7p to 225p after hitting a one-year high last week following a strong … Source link
Read More »Next’s dividend and negative interest rates could shape the market this week
The FTSE 350 crept up 1pc last week whilst European and American markets fluctuated. Oil prices remained on the back foot at the end of a volatile week, staying below $40 (£31.20) per barrel, an important threshold for both oil stocks and major oil producing countries. Gold prices only shone intermittently …
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