UK stocks opened moderately lower on Tuesday amid a mixed bag of earnings updates that included market-pleasing numbers from BP (BP.) and Direct Line (DLG) that were offset by a profit slump at Diageo (DGE). At 8.30, the FTSE 100 was off 0.24% at 6,018.15. Oil major BP rallied 5.6% to 296.8p, despite cutting the dividend for the first time in a decade, after reporting a record $6.7 billion ...

The UK’s benchmark FTSE 100 reversed early morning losses on Monday to rally strongly in late morning as investors shrugged-off geopolitical worries and soaring losses posted by HSBC (HSBA), the UK’s largest listed bank. At 12.30pm, the FTSE 100 was trading more than 0.7% higher at 5,939.60, as technology, transport, personal goods and pharma offset weak banks. The mid-cap FTSE 250 also ...

Tour operator TUI (TUI) has brought in some much needed cash after agreeing the sale and leaseback of five new Boeing 737 MAX planes it had ordered. The deal with state-owned Singaporean firm BOC Aviation, worth around $226 million (€193 million), will help boost TUI’s coffers at a time when its recovery hopes have been dented after it had to cancel holidays to its main market, Spain, due ...

Aerospace engineer Senior (SNR) deepened first-half losses and scrapped its interim dividend as the Covid-19 pandemic and grounding of the Boeing 737 MAX aircraft took a heavy toll on trading. Pre-tax losses for the six months to 30 June soared £136.3 million as revenue slumped 30% to £409 million. This time last year the company reported a first-half loss of £26.5 million. Senior also ...

Shares in global banking giant HSBC (HSBA) fell 4% to 328p, their lowest level since the financial crisis in 2009, after first half earnings missed expectations and the firm increased its forecast for full year bad loan provisions. Profits before tax for the six months to 30 June were down 65% to $4.32 billion against a market forecast of $5.67 billion, due to lower revenues and higher expected ...

Shares in Hipgnosis Songs Fund (SONG) ticked up 0.75p to 117.75p on the acquisition of song writing legend Barry Manilow’s music royalty catalogue for an undisclosed sum. Offering investors a pure-play exposure to songs and associated intellectual property rights, Hipgnosis, one of Shares’ recent Great Ideas selections, collects royalties on thousands of popular songs. This helps to ...

UK stocks started the week in uncertain mood while gold prices touched an all-time high of $1,991 per ounce as investors weighed continued weakness in the US dollar and a collapse in real US bond yields. The dollar, which has lost 10% of its value against global currencies since the start of the pandemic, has come to reflect growing concern over the unchecked spread of the virus in the US and ...

Investors living in North America, Europe and elsewhere own more than half of the UK’s biggest listed companies, after a dramatic surge of investment into the FTSE 350 in the wake of the EU referendum vote, according to a report. Data from investor relations specialist Orient Capital, part of the Link Group, shows that 51% of shares in UK companies in the FTSE 100 and FTSE 250 indices are ...

UK stocks ended the week firmly lower as investors were handed a GDP reality check after two days of substantial corporate losses. The benchmark FTSE 100 closed 1.3% down on Friday to close at 5,913.30, a level last seen in the middle of May, with massive losses reported by British Airways-owner International Consolidated Airlines (IAG) and the renamed NatWest (NWG) giving investor pause for ...

Shareholders in FTSE 250 gold miner Petropavlovsk (POG) have one week left to vote on who should run the company, ahead of an emergency general meeting in August. The Russian firm is in the midst of another boardroom crisis, after fellow miner and major shareholder UGC, and other shareholders, voted former chief executive Pavel Maslovskiy and incoming chairman Fiona Paulus off the board in a ...