United Kingdom

Muvija M

UK stocks shrug off May's exit, but Brexit risk lurks

5:02pm BST

Britain's FTSE 100 held its gains on Friday after Prime Minister Theresa May announced her resignation date as head of her party in a widely expected move that nevertheless raises the prospect of a successor likely to seek a more hardline Brexit deal.

Brexit worries hit domestic stocks but sterling slide lifts FTSE 100

22 May 2019

Brexit sensitive housebuilders and airlines slid on Wednesday as rumours circulated that ministers could oust Theresa May after her latest EU exit plan failed to win support, while exporters lifted the FTSE 100 as the pound weakened.

New Brexit deal, Huawei reprieve boost FTSE 100

21 May 2019

The FTSE rose on Tuesday, helped by a rally in homebuilders amid news of a proposed parliamentary vote on a second Brexit referendum and gains in Asia-facing stocks after the United States relaxed restrictions on China's Huawei.

Severn Trent says re-nationalisation could raise water bills

21 May 2019

A re-nationalisation of the UK water industry could raise customer bills and lower investment, Severn Trent said on Tuesday, as utility companies laid the ground for a potential fight with a future Labour government.

Trade jitters drag UK shares, turbulence hits Ryanair

20 May 2019

Britain's main share index slipped again on Monday as worries over international trade increased on the back of U.S. curbs on China's Huawei, while weak results from Ryanair triggered a sell-off in airlines across the board.

Financials, miners lead FTSE 100 rebound, but Burberry, Thomas Cook slip

16 May 2019

Rallying banks and mining stocks lifted Britain's FTSE 100 on Thursday, but weak earnings hit luxury brand Burberry and Thomas Cook was floored by a profit warning.

National Grid attacks Labour's renationalisation plan as profit dips

16 May 2019

The head of Britain's National Grid criticised the opposition Labour Party's plans to renationalise energy networks, saying it would increase costs for consumers and could prompt legal challenges, as the firm's profit fell slightly.

Prospect of easing trade tensions, weaker pound lift FTSE 100

15 May 2019

Hopes that the United States' trade tensions with China and Europe will dissipate, combined with a weaker pound, lifted Britain's main index higher on Wednesday, as a slew of earnings reports also drove share moves.

CYBG shares soar as lending growth defies Brexit gloom

15 May 2019

Britain's CYBG Plc, owner of Clydesdale and Yorkshire Bank, swung to a profit in the first half of the year and reported higher lending in a tight U.K. mortgage market on Wednesday, sending its shares up 10 percent.

Vegan sausage rolls rake in the dough for Greggs, shares hit record

14 May 2019

Rising demand for Greggs Plc's vegan sausage rolls prompted the British baker to raise its annual forecast for the second time this year, sending its stock price to an all-time high.

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