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UK markets fail to hold on to rally after week of bloodletting, IAG remains under pressure

UK markets staged a firm rally in early trading on Monday, following Asian markets higher and clawing back some of the heavy losses chalked-up last week. At 9am, the benchmark FTSE 100 index was up close on 2.7% at 6,756.35, while the mid cap FTSE 250 is also around 2.5% higher at 19,803.06. However, by midday those gains had been entirely wiped out with the FTSE 100 dipping 0.5% to ...

Market report: IAG climbs on Air Europa takeover, Mothercare crashes on UK administration woe

London’s FTSE 100 firmed 36.6 points to 7,338.97 on Monday with investors drawing confidence from optimistic comments from US commerce secretary Wilbur Ross about a US/China trade war resolution. Mining stocks Glencore (GLEN) and Antofagasta (ANTO), as well as Asia-focused life insurer Prudential (PRU) and several UK banking providers, led the blue chip benchmark higher. International ...

Market report: Thomas Cook plummets on rescue talks, Lookers crashes on profit warning

Against a backdrop of US markets hitting new all time highs, UK stocks open firmer with the FTSE 100 up 0.23% in early trading to 7,527 and the FTSE 250 up 0.25% to 19,492. The best-performing sectors are house-builders, general industrials and oil and gas equipment and services. The biggest mover in the FTSE 100 is insurance provider Hiscox (HSX), down 5% to £16.58 after it told investors ...

Market report: Brexit frustration and dividends drag on UK markets, while WH Smith profits fail to inspire

UK stocks are in modest decline in early trade on Thursday as investors come to terms with the can being kicked down the road again on a Brexit outcome following last night’s extension to the end of October. Many businesses may be breathing a sigh of relief at a possible side-stepping of a more draconian deal. Travel stocks are certainly leading the charge, with budget airline EasyJet ...
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