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Tag: FTSE

These FTSE 100 Shares Are About To Update The Market. Should You Buy Them Today?

October 10, 2020
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Barclays Bank branch seen in central London...

SOPA Images/LightRocket via Getty Images

These UK shares are set to release fresh financial details over the next couple of weeks. Is now the time to buy in? Or should you give them a very wide berth?

Barclays

Imminent third-quarter financials from FTSE 100 banking colossus Barclays are bound to attract plenty of attention. This is a reflection of the blue chip’s standing in its own right as well as its role as a barometer of the health of the British economy. And I have to tell you that I’m not too optimistic over what they’ll show.

UK banks have already been forced to suck up gigantic impairments resulting from the Covid-19 crisis. Barclays itself announced it had booked £3.7bn worth of credit impairments in its half-year trading update in July. Profits at the bank sunk to £1.3bn between January and June from £3bn a year earlier, too. I fear

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Airline stocks IAG and Rolls-Royce lead FTSE gains

October 8, 2020
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British Airways owner IAG shares were up as much as 11% on Thursday. Photo: PA
British Airways owner IAG shares were up as much as 11% on Thursday. Photo: PA

Airline stocks are gaining on the FTSE 100 (^FTSE), with IAG (IAG.L) and Rolls-Royce (RR.L) among the leaders.

IAG shares were up as much as 11% on Thursday and Rolls-Royce had even more dramatic gains, up 22% at around 4:15pm in London.

“RR [Rolls-Royce] is set to post record gains for this week as investors are buying the stock as it is way too cheap, said Naeem Aslam, chief market analyst at AvaTrade. “As for the IAG, speculations are that there could be another support package for airlines as well just like the US.”

Markets have been buoyed in Asia and Europe as investor confidence grew overnight following renewed hopes for a US stimulus deal. US president Donald Trump said on Wednesday that he will resume talks after the election and further positive news came

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FTSE 100 drops as oil prices fall on U.S. stimulus worries; Tesco jumps

October 7, 2020
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By Shashank Nayar

Oct 7 (Reuters) – London’s FTSE 100 slipped on Wednesday, as a fall in oil prices following U.S. President Donald Trump’s decision to halt negotiations with Congress for a U.S. stimulus knocked energy stocks, while Tesco gained after reporting a jump in sales.

The blue-chip FTSE 100 index .FTSE fell 0.2%, with energy .FTNMX0530 and insurers .FTNMX8570 leading the declines. The mid-cap index .FTMC was up 0.1%.

The energy index was also the biggest drag on the FTSE 100 as oil prices fell more than 1% on Trump’s decision and a larger-than-expected increase in U.S. crude inventories. O/R

“The market is in belief that there will be a stimulus package coming anyway irrespective (of) who wins the U.S. elections. However, investors are on the edge with continuing uncertainty on Brexit and have taken the view that they shouldn’t place long bets in this environment,”

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Stronger pound hits UK’s FTSE 100; Restaurant Group jumps

October 6, 2020
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By Shashank Nayar

Oct 6 (Reuters) – A firmer pound pulled down UK’s exporter-heavy FTSE 100 on Tuesday after three sessions of gains, while Restaurant Group surged after it forecast upbeat sales numbers.

The blue-chip index .FTSE dropped 0.5% and lagged its European peers, as the pound rose above $1.30 for the first time in three weeks with investors scaling back bets on UK interest rates turning negative. GBP/

Midcap stocks .FTMC rose 0.4% as gains in consumer and industrial firms outweighed losses in healthcare companies.

A survey showed Britain’s construction industry unexpectedly picked up speed last month, helped by a post-lockdown bounce in the housing market.

“The market is keeping trades on hold for now and is waiting out for more macro data, with traders also focussing on Prime Minister Boris Johnson’s speech and a parliament vote to lift pub curfews due later in the day,” said Keith

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FTSE 100 Rises As Pound Slides

October 1, 2020
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(RTTNews) – U.K. shares rose notably on Thursday as investors cheered signs of progress in new U.S. fiscal stimulus and the pound dropped against the euro and the dollar amid reports the EU was poised to take legal action against the U.K. over its behavior in Brexit negotiations.

Meanwhile, the seasonally adjusted IHS Markit/CIPS UK Manufacturing Purchasing Managers’ Index (PMI) has dipped to 54.1 in September from August’s two-and-a-half year high of 55.2.

The benchmark FTSE 100 climbed 54 points, or 0.9 percent, to 5,920 after falling around half a percent on Wednesday.

Vodafone Group Plc shares were marginally lower. The telecommunications company has announced the appointment of Colman Deegan as new CEO of Vodafone Spain, effective November 1.

Rolls-Royce Holdings plunged almost 9 percent. The struggling aircraft engine maker announced plans to raise 2 billion pounds by selling shares to existing investors.

Travis Perkins rose about 2 percent. The

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CBI’s first ethnic minority president spearheads new drive to make FTSE 350 boardrooms more diverse

September 30, 2020
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Karan Bilimoria, Baron Bilimoria wearing a suit and tie: MailOnline logo


© Provided by This Is Money
MailOnline logo

A new drive to increase the numbers of black, Asian and ethnic minority directors sitting on the boards of UK companies is being launched today.

The initiative is being spearheaded by Lord Bilimoria, the first ethnic minority president of employers’ organisation the CBI in its 55-year history.

It comes as the British-Indian peer, who was a staunch Remainer, says he had been subjected to ‘aggressive and open’ racism over Brexit.



Karan Bilimoria, Baron Bilimoria wearing a suit and tie: Lord (Karan) Bilimoria, best known as the founder of Cobra beer, is the first ethnic minority president of employers' organisation the CBI in its 55-year history


© Provided by This Is Money
Lord (Karan) Bilimoria, best known as the founder of Cobra beer, is the first ethnic minority president of employers’ organisation the CBI in its 55-year history

Raising the numbers of black, Asian and ethnic minority (BAME) bosses is one of Bilimoria’s top priorities at the CBI. 

The 58-year-old crossbencher, best known as the founder of Cobra beer, is modelling his campaign on the 30 Per Cent

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