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UK markets higher as Rolls-Royce slashes costs, but oil rally runs into headwind

UK markets made a strong start in this shortened trading week with European equity futures rising this morning as some commentators turn less gloomy. At 9am, the benchmark FTSE 100 index is up 2.7% at 5,563.52, led by aero-engineer Rolls-Royce (RR.), while the rally of the mid cap FTSE 250 is even firmer, jumping 4.6% at 14,752.45.A slowdown in the growth rate of new US coronavirus cases may ...

Market Report: SSE sells home energy supply business in dull end to the week

UK stock markets continue to drift sideways in early trade on Friday with little direction provided by corporate news on a typically quiet last day of the week’s trading. Banks are popular with both Lloyds (LLOY) and Royal Bank of Scotland (RBS) up more than 2% a piece, while private hospitals firm NMC Healthcare (NMC) and housebuilder Taylor Wimpey TW.) both sit at the head of the FTSE 100 ...

Market report: Renewed appetite for Restaurant Group, JD Wetherspoon cheapens on cost caution

London’s FTSE 100 firms 31.2 points to 7,216.6 as the idea Brexit could be delayed stirs up investor interest in UK stocks. This follows a vote by MPs to ask the EU to push back the UK’s exit beyond the current 29 March departure date. Housebuilders, supermarkets, tobacco firms and insurers are all giving weight to the broader FTSE 350 index, with small gains also being registered across all ...
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