United Kingdom

Yadarisa Shabong

British blue-chips dented by sterling's brief Brexit uplift

20 Sep 2019

Britain's exporter-heavy blue-chip index lost ground as sterling hit multi-month highs after European Commission President Jean-Claude Juncker said that a Brexit deal is still possible.

Banks propel FTSE higher after flurry of central bank meetings

19 Sep 2019

A rebound in bank stocks after the U.S. Federal Reserve adopted a guarded stance on future interest rate cuts lifted London's blue-chip index on Thursday, while clothing retailer Next wilted after a disappointing start to autumn trading.

FTSE 100 lingers in red as Fed decision looms and Kingfisher wanes

18 Sep 2019

London's main share index weakened on Wednesday, underperforming its European peers ahead of a U.S. Federal Reserve rate decision, with home improvement retailer Kingfisher falling the most on the bourse as it struggled to lift its earnings.

Car dealership Pendragon scraps dividend as Brexit dims outlook

18 Sep 2019

British auto dealer Pendragon cancelled its dividend and issued a dismal forecast for the year after deep price cuts to offload used car inventory pushed it to a first-half loss and sent shares down 13% on Wednesday.

London's FTSE 100 ends on a flat note, Sirius Minerals plunges

17 Sep 2019

Britain's blue-chip index ended flat on Tuesday as losses in oil major BP, triggered by a report that Saudi Arabia's output could be back up quicker than expected, were countered by gains in so-called defensive sectors.

Oil majors curb FTSE losses as crude surges after Saudi attacks

16 Sep 2019

Britain's blue-chip index dropped on Monday as non-oil stocks took a hit from mounting geopolitical risks and growth concerns after crude prices rose due to the attacks on Saudi Arabian production facilities.

Petra Diamonds profit misses estimates, shares hit all-time low

16 Sep 2019

LONDON Shares in African diamond miner Petra Diamonds hit an all-time low on Monday after it missed forecasts with a 22% fall in annual profit, as a Sino-U.S. trade row and protests in Hong Kong dented demand in big Asian markets.

Brexit optimism breathes life into UK-focussed stocks

13 Sep 2019

UK stocks ended Friday on a high note as optimism that a no-deal Brexit could be avoided spurred a rally in stocks with domestic exposure, overpowering losses in blue-chip exporter stocks that were hit by a stronger sterling.

Tariff delay, Morrisons help FTSE 100 stay afloat

12 Sep 2019

London's blue-chip index ended in the black on Thursday as trade concerns were soothed by a two-week U.S. tariff reprieve on Chinese imports and Morrisons jumped on upbeat profit and forecast.

Galliford says cash boost from Bovis is key to housing deal

11 Sep 2019

Galliford Try aims to focus on a smaller, more profitable construction business, which will be easier with the cash boost from a proposed sale of its housing businesses to Bovis Homes , its CEO said on Wednesday.

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