A new study by Which? has found nearly one in 10 people (8%) are taking out new credit cards to cope with the cost-of-living crisis. Moneysupermarket (MONY) is one of the first places people visit when looking for deals on financial products. With the price of everything from food to fuel and mortgage payments expected to keep rising, it’s no wonder consumers are turning once again to ...

Shares in on-line comparison site MoneySupermarket Group (MONY), moved 3.6% higher to 179p following the announcement of an in-line trading update, accompanied by an encouraging outlook commentary suggesting that full year earnings will increase to 2020 levels. First quarter revenue has grown by 8% on a year on year basis. On a divisional basis strong performances were recorded in both the ...

While average wages may have risen 3.6% last year in nominal terms, the rate of inflation as we exited 2021 was 5.4% and last month it accelerated to 5.5% so in real terms workers are actually less well off now than they were a year ago. To make matters worse, the Bank of England has forecast inflation will top 7% in April before it starts to come down again. A large part of the increase is due ...

Stocks rallied in afternoon trading almost taking the FTSE 100 back to last Friday's year-high. After a great deal of intra-day sector rotation, consumer staples and travel stocks littered the loser board while healthcare and financial stocks dominated the leader board. Despite its heavy weighting in export-driven companies and the rally in sterling, which advanced as much as 1% intra-day to ...

Stocks traded sideways at lunchtime despite a strong showing from US technology stocks which fed through into Asian trading overnight. Gains in miners were offset by falls in travel, leisure and retail stocks as strength in energy and commodities stoked fears of a Christmas rate rise, which in turn drove the pound higher. At midday the FTSE 100 was virtually flat at 7,208 points while ...

Price comparison business Moneysupermarket (MONY) was the biggest share price gainer on the FTSE All-Share index on Tuesday after announcing the acquisition of Quidco, the second largest consumer cashback services provider in the UK. The £101 million deal values Quidco at 12.8-times trailing EBITDA (earnings before interest, tax, depreciation and amortisation) and will add £59.2 million of ...

UK stocks regained some poise on Tuesday helped by a strong showing from US technology stocks which fed through into Asian trading overnight with Japan’s Nikkei 225 and Shanghai Composite indices both gaining close to 1%. The big five US tech names - Alphabet, Apple, Amazon, Facebook and Microsoft - all made gains overnight, adding between 1% and 3%. Brent crude prices were 0.3% higher at ...

There are lots of good reasons why investors should have allocations to the FTSE 250, London’s high-flying index oriented to mid caps which provides a purer play on the domestic UK economy than the exporter-heavy FTSE 100. The FTSE 250 captures those growth stocks that have come up from the small cap ranks and therefore had a chance to establish themselves. And crucially, it can catch these ...

A key theme in the UK market in 2021 has been a spate of takeovers, mergers and strategic deals involving British businesses as buyers, often from overseas, have been attracted by lowly valuations relative to other international equities. By the reckoning of stockbroker Peel Hunt, nearly £25 billion worth of bids for more than 20 companies have been pitched in the last six months and ...

London’s FTSE 100 finished Tuesday’s session down 2% at 6,859.87 as stronger sterling and resurgent concerns about the course of the global Covid-19 pandemic weighed on investor sentiment, while tobacco stocks remained weak amid reports of US regulatory pressure. On Wall Street the S&P 500 was down 0.9% at 4,128.07 by 4.30pm UK time. TOBACCO STOCKS TUMBLE Shares in British American ...

UK stocks continued to slide on Tuesday following some mixed company updates and modest profit-taking after the big gains of last week, with weakness also reflecting the pound’s continued rise on UK recovery hopes and share price declines for London’s two tobacco firms. By midday, the FTSE 100 was down 1.1% at 6,923.5 points while the FTSE 250 was off 0.7% at 22,339. TOBACCO STOCKS ...

The FTSE 100 dipped back below 7,000 in early trading on Tuesday following some mixed company updates and modest profit taking after the big gains of last week. The UK’s benchmark index fell 0.2% to 6,986.18, taking its cue from Wall Street where stocks also fell overnight, with the tech-heavy Nasdaq dropping 1% and even the Dow Jones falling 0.3% as banks, energy firms and consumer-facing ...

UK shares gave up their early gains to trade lower into the close as a strong showing by mining shares fizzled and sentiment was dented by widespread weakness in banking and healthcare stocks. After rallying almost 1% during the morning, Brent Crude also gave up its gains to fall 0.5% to $64.50 per barrel, while gold - which had been overlooked in the dash for other precious metals - actually ...

UK shares gave up their early gains to trade lower at midday as a strong showing by mining shares on talk of a commodities 'supercycle' was offset by weakness in banking and healthcare stocks. After rallying almost 1% during the morning, Brent Crude also gave up its gains to fall 0.5% to $64.50 per barrel, while gold - which has been overlooked in the dash for other precious metals - actually ...

UK shares opened slightly higher on Thursday helped by a strong performance from mining shares with Rio Tinto (RIO), Glencore (GLEN) and Fresnillo (FRES) gaining close to 3%, while banking and healthcare stocks were lower. Asian trading was mixed with Japan’s Nikkei 225 down 0.2% and China’s SE Composite up 0.6%. Gold prices were 0.6% higher at $1,787 an ounce and Brent Crude continued to ...

Next month the banking sector will be able to start paying dividends to its shareholders again. However, before investors get too excited about renewed payouts from these erstwhile income favourites there is a potential sting in the tail. The Prudential Regulation Authority will allow the banks to pay a dividend covering their 2020 financial year but dividends for 2021 can only be accrued and ...

UK stocks moved into positive territory by lunchtime on Thursday, having recouped earlier losses as Chancellor Rishi Sunak unveiled increased support for firms hit by Tier 2 coronavirus restrictions. Sunak announced significant changes to the Job Support Scheme (JSS), set to replace furlough from next month. Under the updated scheme employers will pay less and staff can work fewer hours ...

Shares in comparison site Moneysupermarket (MONY) fell 5.7% to 251.8p on continuing evidence that despite being an online business it is suffering a material impact from the pandemic. Revenue for the first nine months of this year were £268.4 million, down 11% on the same period in 2019. The company cited a fall in the energy price cap and rise in wholesale price of energy for a weak ...

UK stocks retreated on Thursday after British Airways-owner International Consolidated Airlines (IAG) posted a quarterly loss and investors looked to a parliament address later in the day by Chancellor Rishi Sunak on the economic outlook. The benchmark FTSE 100 fell 0.3% to a five-month low of 5,760.57, dragged lower by weak real estate and energy stocks, while defence firm BAE Systems ...

It is crunch time once again for UK equities as investors try to make sense of how Brexit will play out. As we write, trade negotiations between the UK and EU have seen both sides engage in a game of bluff. Reaching a deal could be a momentous occasion for UK stocks as it would remove a lot of the uncertainty that has hung over the market for the past four years since the Brexit referendum. In ...