Analysts at Morgan Stanley downgraded their view on several UK office stocks in response to expected increases in supply and the structural uncertainties that were still present. The direction for the office subsector was clouded by a mix of cyclical and structural factors alongside a wide range of financial and …
Read More »London open: Stocks in the black despite lockdown, ahead of Sunak statement
London stocks rose in early trade on Tuesday despite the imposition of a third national lockdown in England, as investors eyed a statement from Chancellor Rishi Sunak on a fresh business support package. At 0840 GMT, the FTSE 100 was up 0.6% at 6,609.84, faring well considering England was set …
Read More »London pre-open: Stocks seen lower as investors eye Brexit talks
London stocks were set to fall at the open on Friday as investors continue to eye Brexit talks. The FTSE 100 was called to open 26 points lower at 6,525. CMC Markets analyst Michael Hewson said: “Asia markets have finished the week slightly on the back foot, after the Bank …
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 »London close: Stocks higher, investors take US election uncertainty in their stride
London stocks finished higher with investors seemingly brushing off the as yet inconclusive US election results, although a ‘clean sweep’ of the White House and Congress by Democrats was now off the table. The FTSE 100 rose 1.67% to 5,883.26 and by the end of the session, cyclical areas of …
Read More »Europe close: Stocks take knife-edge US election results in their stride
European shares recovered from early morning drop to trade sharply higher, despite no clear outcome in the US presidential election as of yet and weak industry data across the euro zone suggesting a double dip recession. With the result of the White House vote still hanging in the balance and …
Read More »British bluechips hit by weak oil; Royal Mail offsets mid-cap losses
By Shashank Nayar, Ambar Warrick (Reuters) – The British blue-chip index ended lower on Tuesday as weak oil prices hurt major energy stocks, while losses in the mid-cap index were mitigated by Royal Mail, which rose after it flagged a boost from e-commerce. FILE PHOTO: The London Stock Exchange Group …
Read More »Europe close: Stocks caught in technology downdraft on Wall Street
European shares finished sharply lower amid continued heaving selling in tech stocks and more concerns about Britain’s belligerent stance on Brexit trade talks. The pan-European Stoxx 600 fell 1.15% alongside falls of 1.78% for the Ibex 35 and of 1.81% for the FTSE Mibtel. London’s FTSE 100 was down was …
Read More »European equities sapped by Brexit fears, energy and tech stocks slide
(Reuters) – European shares fell on Tuesday on fears that Britain was in danger of leaving the European Union without a trade agreement, with energy firms and technology stocks among the biggest decliners. FILE PHOTO: The German share price index DAX graph is pictured at the stock exchange in Frankfurt, …
Read More »London close: Stocks finish weaker amid US-China concerns
London stocks had turned negative by the close on Tuesday, amid growing tensions between the US and China, offset by a strong performance from housebuilders. The FTSE 100 ended the session down 0.83% at 6,076.62, and the FTSE 250 was 0.84% weaker at 17,623.02. Sterling was trading strongly in the …
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