London’s FTSE 100 finished Wednesday’s trading session 0.3% to the good at 6,963.67 points, albeit off intra-day highs, as investors awaited the latest meeting of the US Federal Reserve as well as updates from Apple and Facebook. Across the pond in the US, the benchmark S&P 500 traded slightly higher at 4,190.46 points by 4.30pm UK time. The UK’s blue chip benchmark was buoyed by ...

London’s FTSE 100 traded in positive territory at midday on Wednesday, the blue chip benchmark bid up 0.6% to 6,982.9 points as positive corporate news on both sides of the Atlantic and optimism over the economic recovery in the UK following encouraging results from Lloyds (LLOY) buoyed investor sentiment. Overnight both Google-owner Alphabet and Microsoft reported quarterly earnings ahead of ...

London’s FTSE 100 rose 0.41% to 6,973.11 in early trading on Wednesday as optimism over the economic recovery grows while investors await the latest interest rate decision from the US Federal Reserve. The Fed is unlikely to make any policy changes this time, though it is expected to acknowledge of the strengthening of the US economy, and it’s been reported that this could be the last Fed ...

Shares in 888 Holdings (888) jumped 6% to 353.2p on Thursday, reaching a new all-time high after the online gambling company reported full-year revenues and profits ahead of market expectations. Unsurprisingly during lockdown, the company experienced strong growth in casino, up 63%to $586.8 million and poker up 48% to $63.1 million, driving a 53.5% increase in group revenues to $849.7 ...

UK stocks edged higher in early trading as investors looked to the Bank of England’s monetary policy committee meeting at lunchtime for signs that official loose-money policy would continue for the foreseeable future. Despite a sharp spike in US 10-year yields and a drop in US index futures following a very ‘dovish’ Fed meeting last night, the FTSE 100 index of leading stocks gained ...

Despite all the upheaval of the past year, anyone glancing at the financial markets today might find it hard to believe investors were in the throes of despair 12 months ago. Following the global markets crash in February 2020, the recovery has been spectacular. The US Nasdaq 100 and S&P 500 indices are at all-time highs, Japan’s Nikkei index is at a multi-decade high, China’s Shanghai ...

Online Gaming entertainment company 888 Holdings (888) has agreed a multi-year extension of its exclusive business-to-business poker partnership with Caesars Interactive Entertainment (CIE), sending the shares up 1.6% to 315p. WORLD SERIES OF POKER The agreement means 888 will continue to power CIE’s World Series of Poker (WSOP) online poker rooms as the company plans entry into new ...

UK stocks rose sharply throughout morning trading on what has been dubbed ‘Super Thursday’ as a number of high-profile companies updated the market, with Christmas results revealing lockdown’s winners and losers. At around 12.15, the UK’s benchmark FTSE 100 gained 0.7% to 6,792.66 while the midcap FTSE 250 was up 0.84% to 20,789.48. CORPORATE NEWS Supermarket Tesco (TSCO) dipped ...

UK stocks moved slightly higher on Thursday despite ongoing concerns about rising Covid-19 cases across the world. At 08:40 the FTSE 100 index of leading shares was 0.3% higher at 6,770 points. In overnight Asian trading the Japanese Nikkei 225 index gained 0.9% while the Chinese SE Composite index lost 0.9%. Brent Crude prices nudged up 0.4% to $53.2 a barrel and Gold prices were ...

Despite Wall Street heading higher on stimulus package hopes on Wednesday afternoon, helping European markets to regain their footing, the FTSE 100 finished 0.53% lower at 5,866.10. Weighing on sentiment was the latest data from the Office for National Statistics (ONS), which revealed UK GDP dropped 19.8% in the second quarter of this year, better than the first estimate of 20.4%. Despite the ...

UK shares have been volatile in early trading on Wednesday, moving significantly higher initially before falling back into the red after the release of better than expected, but still bad, second quarter gross domestic product (GDP) figures. Before trading began, the blue-chip FTSE 100 index was expected to fall as investors struggled to digest last night’s messy US presidential debate ...

UK stocks ended the week on the front foot along with other European markets, shrugging off previous concerns over a spike in global coronavirus cases. On the currency markets the pound was steady against the dollar at $1.24 while in commodities Brent crude traded slightly lower at $41 per barrel and gold traded sideways at $1,763 per ounce. The FTSE 100 index added 0.8% to 6,198 led by ...

Yesterday saw the latest FTSE Russell quarterly index review, resulting in significant changes to the composition of both the FTSE 100 large-cap index and the FTSE 250 mid-cap index. Four stocks left the FTSE 100 – cruise ship operator Carnival (CCL), utility group Centrica (CNA), low-cost airline EasyJet (EZJ) and aerospace firm Meggitt (MGGT). Travel related stocks bore the brunt of the ...

The FTSE 100 got off to a slow start on Wednesday after a warning from the International Monetary Fund (IMF) that the global economy could suffer its worst fall since the 1930s. In its half-yearly forecasts, the IMF said gross domestic product (GDP) is expected to fall globally by 4.2% in 2020, by 6.5% in advanced countries, and by 7% in the UK. The UK’s benchmark index fell 0.63% to ...

FTSE opened on the front foot on Tuesday with a gain of almost 3% to 5,129 points as the UK joined global stock markets higher following more stimulus from the US Federal Reserve and strong trading in Asia. Oil and mining shares led the market advance with defensive sectors such as utilities and consumer staples taking a back seat . Japan’s Nikkei 225 index was up 7.7% and China’s SSE ...

Travel operator TUI (TUI) is to lose its place in the FTSE 100 after its recent share price slump made it too small to qualify for the blue chip index. Index provider FTSE Russell reshuffles the FTSE 100 basket every quarter, ejecting any stock whose ranking drops below 110, and promoting into the index any that ranks 90 or higher. TUI shares have fallen by 42% year-to-date as investors ...

Shares in online gambling company 888 Holdings (888) fell 1.7% to 159p despite record monthly income in December. After a disappointing first half to its financial year, 888 said in today's trading update that a strong performance in the second half – culminating in last month’s all-time revenue record – means it is ‘confident’ of meeting its full year target for adjusted EBITDA of ...

As the supermarket Christmas trading reporting season kicked off investors seem pretty relieved by Tuesday’s Morrisons’ (MRW) update. Buyers sent the stock soaring 3% and to the head of the FTSE 100 leader board at 198.35p on Tuesday, while there was a none too surprising profit warning from luxury car maker Aston Martin Lagonda (AML) to digest. The supermarket chain is the first of the ...

A cross-party group of politicians calling themselves the All-Party Parliamentary Group (AAPG), focused on gambling-related harm, has released a report which set alarm bells ringing in the gambling sector. The group is agitating for further reform, targeting stricter online restrictions. Shares in the sector fell sharply on the news with William Hill (WMH) falling 12%, 888 (888) down ...

888 (888) 157.3p Gain to date: 2.1% Original entry price: Buy at 154p, 20 June 2019 Half-year results from 888 (888) showed like-for-like revenue growth of 7% to $277m, with the UK casino and sports betting business the standout performers, up 23% and 50% respectively, driving a 23% growth in UK revenue. However, earnings before interest, tax, depreciation and amortisation fell 20% to ...