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FTSE closes deep in red on rising cases, Brexit trade fears and US-China tensions

The FTSE 100 closed firmly in the red on Wednesday as investors were hit with a trifecta of negative news. Coronavirus cases in the US especially continued to climb, while reports emerged that the UK is about to give up on trying to strike a post-Brexit trade deal with the EU. To top it all off, the US has ordered China to close its consulate in Houston, Texas, over allegations of espionage ...

Market report: ASOS shines after record Black Friday, Mothercare chief executive steps down

UK stocks opened on the back foot, following the biggest slide in China stocks in eight months on continued fears over the spread of the new flu-like coronavirus. Millions of Chinese are expected to this weekend travel for the Lunar New Year. The FTSE 100 was 0.3% lower at 7,535 points while the FTSE 250 was also off 0.3% to 21,669 points. Oil and resource stocks were weak while banks and ...

Market report: FTSE struggles on disappointing corporate updates as De La Rue warns again and Next sees lower growth

UK stocks opened slightly lower on Wednesday as markets digested news of the first UK December general election since 1923. The FTSE 100 index of leading stocks was down 14 points or 0.2% to 7,293 while the FTSE 250 was down 36 points or 0.2% to 20,131. Healthcare, Food producers and beverages were leading the market while general retailers, Oil services and mining stocks were showing ...

Market report: Entertainment One soars as US toy maker Hasbro swoops in £3.3bn deal

Following a tough day of trading yesterday with worries over the direction of US interest rates, UK stock markets rebounded in early trade on Friday. The UK’s leading FTSE 100 index is up 0.65%, or 46.55 points, to 7,174.71. While the FTSE 250, considered more representative of the UK economy, is up 0.9%, or 173.25 points, to 19,378.45 having been fuelled by a takeover bid for one of its ...
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