Shares in online estate agency portal Purplebricks (PURP) tumbled almost 20% to 25.6p after the company announced it would delay the release of its half year results due tomorrow after it discovered a ‘process issue’ regarding tenants’ deposits. According to press reports the firm could be liable for claims totally tens of millions of pounds, sending investors scurrying for ...

After a positive start, UK shares drifted lower during the course of Thursday, although they managed to hold onto their strong gains of Monday and Tuesday, as investors looked ahead to Friday's US retail price data and consumer confidence survey. Sterling continued to drift lower against the dollar, hitting a new 12-month low of $1.318 on concerns over growth next year in the face of the ...

UK shares gave up their morning's advance to trade slightly lower at lunchtime on Thursday while still holding onto their strong gains of Monday and Tuesday. Sterling continued to drift lower against the dollar, hitting a new 12-month low of $1.318 on concerns over growth next year in the face of the Omicron variant, while Brent crude oil futures gave up 0.8% to $75.30 per barrel. By midday ...

Bus and trains operator Go-Ahead (GOG) fell sharply in early deals on Thursday after saying that its shares face being suspended because it cannot get last year’s full year results out on time. The company had been due to report figures for the 12 months to 3 July 2021 on 16 December 2021, but it has now confirmed complications that will mean missing that date. More seriously, it also said ...

UK stocks continued their positive progress on Monday with technology and energy stocks lending support to the main index. US markets pushed to new highs on Friday after a strong October payrolls report and news that drugmaker Pfizer had developed a new Covid-19 pill. Brent crude future firmed 0.8% to $83.60 per barrel after OPEC rejected US calls for it to step up production, while sterling ...

Shares in bus and rail operator Go-Ahead Group (GOG) careered 18% lower to 841p after the firm revealed that the Department for Transport had relieved it of the Southeastern rail franchise due to accounting errors. Control of Southeastern will pass to the publicly-owned Operator of Last Resort from 18 October, the date when Go-Ahead’s existing agreement ends, effectively nationalising the ...

UK stocks dropped at the open on Tuesday as the fuel crisis sweeping the country showed no signs of easing. To make matters worse, Brent crude oil prices surged to a three-year high over $80 per barrel, pushing up prices at the pump, and UK and European natural gas price hit new records. By 8.45am the FTSE 100 index was down 30 points or 0.4% to 7,035 points as weakness in miners and ...

UK stocks inched higher after two days of strong gains in US markets. At 8.30am the FTSE 100 index was up 7 points to 7,005 points led by house builders and leisure stocks while consumer goods and utility companies were on the back foot. Oil prices retreated slightly after a strong bounce overnight with Brent crude futures dipping 0.2% to $72 per barrel while the gold price retreated to $1,800 ...

After good gains in the previous two sessions, UK stocks marked time on Thursday as Brexit negotiations remained gridlocked and Russia and Saudi Arabia argued over extending production cuts agreed at the start of the pandemic. At 8.30am the FTSE 100 index of leading stocks was almost unchanged at 6,466 points with weakness in banks and utilities offsetting gains in industrial and consumer ...

UK stocks tumbled on Monday as the number of virus cases in the UK continued to rise and fears grew of a second nationwide lockdown.   At the close the benchmark FTSE 100 index was down over 200 points or 3.4%, its biggest daily loss since July, to 5,804 points. International Consolidated Airlines (IAG) was the biggest FTSE faller, dropping 12% to 97p on fears of new travel ...

UK stocks fell sharply on Monday as the number of virus cases in the UK continued to rise and fears grew of a second nationwide lockdown. At midday the benchmark FTSE 100 index was down over 200 points or 3.4% to 5,801. International Consolidated Airlines (IAG) was the biggest FTSE faller, dropping 13% to 96p on fears of new travel restrictions, while low-cost rival EasyJet (EZJ) shed 8% to ...

Listed transport companies have seen their share prices plunge on Monday morning after the Government scrapped rail franchising and extended support for the rail industry. Shares in Thameslink and Southeastern owner Go-Ahead (GOG) dropped 8.1% to 599p, while Great Western Railway and TransPennine Express operator FirstGroup (FGP) tumbled 12.5% to 37.3p. Stagecoach (SGC), which runs the ...

UK stocks rallied during the afternoon session finishing the day slightly positive, up 0.1% to 6,043 points, helped by a positive opening for stocks in the US. Markets were anticipating more stimulus measures when central bankers meet virtually at Jackson Hole tomorrow. Meanwhile a report from the Commerce Department on Wednesday showed an uneven recovery in investment as spending moved away ...

UK stocks were subdued at lunchtime Wednesday as investors weighed stimulus measures and vaccine progress against climbing Covid-19 cases in Europe. The focus now turns to the U.S. Federal Reserve Chair Jerome Powell's address at the virtual Jackson Hole Symposium on Thursday, where he is expected to provide an update on the U.S. central bank's future monetary policy approach. At 12:00, the ...

UK shares started Wednesday on the back foot with investors still wary of climbing Covid-19 cases in Europe and elsewhere, while bracing for a key update on the state of the US economy from the Fed on Thursday. 9.30am, the benchmark FTSE 100 was down 0.15% at 6,027.96, although mid-caps were firmer. The FTSE 250 added 0.35% to 17,638.75. LOW BAR BEAT SURPRISE Subprime lender Provident ...

Shares in FTSE 250 public transport operators FirstGroup (FGP) and Go-Ahead (GOG) gained ground after the government extended a bailout for local bus services. The new funding round of £218.4 million for the industry under the COVID-19 Bus Service Support Grant Restart (CBSSG Restart) programme extends a deal previously announced at the end of May for the next eight weeks. After ...

Shares in transport operator Go-Ahead (GOG) plunged 10% to £11.06 on Friday as the impact on earnings from the coronavirus lockdown starts to become clear. The firm issued a profit warning, with the impact from coronavirus on travel demand meaning operating profit for the year ending 27 June 2020 is now expected to be between £63m-75m, a sharp drop from the £121m profit it made last ...

UK stocks slumped in early trade on Friday, the FTSE 100 down 113 points or 1.9% to 5,902.3, after retail sales tanked in April and China proposed a new security law in Hong Kong that stoked trade tensions with the US. Luxury goods leader Burberry (BRBY) bucked the trend, adding 2% to trade at £14.02 as the trench coats-to-cashmere scarves seller said year-to-date sales in Mainland China and ...

According to the International Monetary Fund (IMF) the total cumulative amount of global liquidity injections, in the form of government spending packages and central bank stimulus measures, adds up to a whopping $14trn. This represents around 17% of the value of global gross domestic product (GDP), a common measure of the value of all goods and services produced within an economy. Whichever ...

The market has come storming back since it bottomed out on 23 March from a coronavirus-inspired plunge. As we write the FTSE 100 is above the 5,700 mark and some 16% off its lows. Suggestions that some countries are past the peak of infections, a cautious reopening of the Chinese economy and reports of progress on a coronavirus treatment have all helped sentiment. In the FTSE 350, travel ...