Daily market update

Rolls-Royce to cut jobs and focus more on defence market, and Marks & Spencer readies next stage in turnaround plan

“After a flurry of optimism in recent sessions, investors were struggling to keep their hopes up about a rapid return to normal life,” says Russ...

Wed, 20/05/2020 - 11:02

Imperial Brands cuts dividend by a third and Compass taps shareholders for £2bn

“The FTSE 100 was firmly above 6,000 on Tuesday as a combination of lockdown easing, vaccine progress and central bank support helped give equities a...

Tue, 19/05/2020 - 10:07

Federal Reserve chair’s comments and lockdown easing lift stocks

“A large market rally has been fuelled by positive data on death and infection rates in countries which are easing lockdown conditions, helping alleviate some...

Mon, 18/05/2020 - 09:34

Mark Barnett leaves Invesco

“News that Mark Barnett has left Invesco will perhaps come as little surprise after the last couple years with performance suffering and questions being asked...

Fri, 15/05/2020 - 13:44

Rico Back out the door at Royal Mail and BooHoo and Keywords raise funds for expansion

“It took multiple attempts to scale Everest and the FTSE 100 appears to have left base camp on another attempt to plant its flag above...

Fri, 15/05/2020 - 10:38

Investors growing fearful again and WH Smith’s travel sales almost obliterated

“Two bad days in a row for the markets doesn’t bode well for investors hoping we were on a sustained path for rebuilding February and...

Thu, 14/05/2020 - 09:09

TUI declares greatest ever crisis for the business and housebuilders pick up tools

“The pound jumped 0.2% against both the euro and US dollar after the latest UK GDP figures weren’t as bad as expected. The economy fell...

Wed, 13/05/2020 - 10:45

Morrisons battling higher costs and sales surge at B&Q owner Kingfisher

“Following a mixed session on Wall Street last night, markets in the UK, Europe and Asia struggled to make any significant progress on Tuesday. Stocks...

Tue, 12/05/2020 - 09:38

FTSE tries to smash 6,000 again

“Investors started the week in a positive mood with the FTSE 100 making another attempt at the 6,000 mark as the world looks to emerge...

Mon, 11/05/2020 - 09:25

Bank of England paints a gloomy picture of UK economy as it holds interest rates at 0.1%

“The bank paints a very gloomy picture of the UK economy, with a halving in business investment, a near halving in business sales, a sharp...

Thu, 07/05/2020 - 11:33

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