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Market report: UK market treads water while Interserve implodes under debt restructuring plan featured picture

Market report: UK market treads water while Interserve implodes under debt restructuring plan

UK stocks are slightly lower in early trade with the FTSE 100 giving up 8 points or 0.1% to 6,770 points while European markets drop further on growing trade concerns. Classic defensive sectors like Beverages, Pharmaceuticals and Tobacco are steadying the ship while cyclical sectors such as Oil Services and Technology are weighing. However Utilities, which are usually considered ...
OPEC appears to avoid mistakes of the past as production cut reportedly agreed featured picture

OPEC appears to avoid mistakes of the past as production cut reportedly agreed

Having flirted with a scenario which felt similar to four years ago, when OPEC’s failure to act exacerbated a crash in oil prices, the producers’ cartel looks to have come through with an agreement to cut output. This is leading to a surge in oil prices with conflicting reports suggesting OPEC and its non-OPEC allies, principally Russia, would take up to 1.3 million barrels of oil per day ...
Housebuilder Berkeley builds a cash buffer which suggests support for future dividends featured picture

Housebuilder Berkeley builds a cash buffer which suggests support for future dividends

A big sign of the more cautious approach taken by London-focused housebuilder Berkeley (BKG) is an increase in net cash at the half year stage to £859.7m. The company is going through a well flagged transition to a lower level of profit as it moves away from the luxury end of the London market. Revenue for the six months to 31 October is down 1% to £1.7bn but pre-tax profit is down more than ...
Market report: ABF falls on Primark fears, Games Workshop rallies on robust trading relief featured picture

Market report: ABF falls on Primark fears, Games Workshop rallies on robust trading relief

London’s FTSE 100 rallies more than 1.6% to 6,812.4 points on Friday, providing welcome relief after yesterday’s horrible session, although the rebound only claws back some of the losses. The important point to note is the large swings in the market on a daily basis in recent weeks, which may suggest volatility could become one of the key themes in 2019. Foods-to-fashion conglomerate ...
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