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FTSE falls for second straight day with autos, leisure and travel bearing the brunt

UK share markets dropped sharply for the second day running on Thursday as the latest round of corporate earnings reports underlined the hit from the Covid-19 pandemic, with lender Non-Standard Finance (NSF) crashing after warning of going concern risks. The benchmark FTSE 100 fell 1.3% and the mid-cap FTSE 250 1.4%, tracking a slide in global equity markets on fears of more disruptions to ...

FTSE feels the manufacturing heat after poor data sees stocks close in the red

UK markets fell sharply during the Friday session following a weak opening on Wall Street as ups the ante in his pandemic spate with China. The US President claims to have seen evidence that the coronavirus emerged from Chinese labs, yet US Intelligence officials distanced themselves from those allegations. Dismal UK manufacturing data weighed on the investor mood, adding to the gloomy economic ...

Ryanair slams rivals’ ‘doping’ and sees passengers drop 99.5% in explosive update

Shares in budget airline Ryanair (RYA) fell 5.5% to €9.75 after it cut 3,000 jobs, warned of a 99.5% drop in passenger numbers and accused European rivals of ‘state aid doping’. Ryanair tends not to sugarcoat its updates to the market and today’s bombshell announcement was no different. It warned of a net loss of over €100m in the first quarter of its current financial year, with ...

FTSE 100 reverses early gains in face of new plunge for oil, DFS rallies but Redrow slides

UK stock markets lost their modest early gains on Monday as investors continued to mull the damage the coronavirus pandemic is having on the global economy and company earnings. While the benchmark FTSE 100 nudged 0.5% higher in early deals, that positive momentum proved short-lived, with the UK's leading index falling 0.9% into the red at 5,737.31. The more domestic facing FTSE 250 saw a ...
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