London’s FTSE 100 closed Thursday’s session 1.25% higher at 7,260.61, the blue chip benchmark taking the Bank of England’s surprise interest rate hike from 0.1% to 0.25% in its stride, despite sterling gaining as a result. Around 70% of the FTSE’s constituents earn in foreign currencies so a rising pound is negative for them. The central bank was widely expected to keep rates on hold ...

Exhibitions and conferences organiser Hyve (HYVE) has had to scrap more events as social distancing restrictions and other lockdown uncertainties from the government’s response to the Covid-19 pandemic continue to wreck havoc across the industry. This includes Shoptalk, the firm’s biggest event, which had been previously postponed from March 2020 to September 2020. Shoptalk, which last year ...

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 ...

Donald Trump’s move to slap tariffs on Brazil and Argentina stoked fresh concerns over global trade pushing UK stocks down in early trading. The FTSE 100 was off 0.2% to 7,272 while the FTSE 250 gave up 5 points at 20,676. Plumbing and heating distributor Ferguson (FERG) reported underlying profit up 5% to $433m for the three months to October while also maintaining its full year expectations ...