Stocks received a lift heading into the weekend with the release of official figures showing the UK economy performed much better than expected in November. On a monthly basis, GDP (gross domestic product) is estimated to have grown by 0.9% in November against forecasts of a 0.4% increase, taking it above its February 2020 pre-pandemic level for the first time. Growth was ...

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UK stocks closed marginally higher on Tuesday despite most European markets sinking deep into the red and a weak opening on Wall Street. Investors seemed to put their faith in the UK's booster vaccination programme, while European Covid cases rise sharply leading to the re-imposition of government measures to curb the virus's spread. In the US, the re-appointment of Fed chairman Jerome ...

UK stocks traded marginally higher at lunchtime despite European markets sinking deep into the red and US futures pointing to a weak opening on Wall Street. Investors seemed to shrug off sharply rising European virus cases and the re-appointment of Fed chairman Jerome Powell, which stoked concerns the withdrawal of monetary stimulus would be accelerated to counter inflationary ...

UK stocks opened weaker on Tuesday after markets digested the re-appointment of Fed chairman Jerome Powell amid concerns that the rate of reduction in monetary stimulus would be accelerated to counter inflationary pressures. Brent crude futures were almost 1% lower at $79.2 a barrel while Gold was flat at $1,804 an ounce. Trading in Asia was quite with China’s SE Composite and Japan’s ...

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Investors looking for a better yield than cash and the UK equity market in general might be interested in a new retail bond launching in November with a 7% coupon, paid semi-annually. The bond will be issued by AMR GP Finance, a private company linked to the Aston Martin Cognizant F1 racing team. AMR GP Finance is a special vehicle created to issue the bond and is ultimately controlled by ...

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London’s FTSE 100 traded 0.7% lower at 7,044.16 by lunchtime on Thursday with heavyweight oil firms BP (BP.) and Royal Dutch Shell (RDSB) in the red amid a slump in crude prices as OPEC reached a compromise on increasing production. A steady rise in inflation coupled with higher local coronavirus infections also stoked concerns of slowing the pace of economic recovery. Mid-caps were also ...

Major UK stocks e FTSE 100 made a quiet start to trading on Thursday as inflation fears kept a lid on equity markets. The FTSE 100 was largely flat at 9am as heavyweight energy stocks tracked weak oil prices, while a steady rise in inflation coupled with higher local coronavirus infections stoked concerns of slowing the pace of economic recovery. The benchmark index was 0.02% higher at 7,092.77 ...

Environmental campaigners may grimace and investors who run strict environmental, social and governance ESG screens are likely to remain indifferent, but yield-seeking portfolio builders will doubtless be delighted to see Royal Dutch Shell (RDSB) promise higher cash returns to shareholders in the second half of the year. The oil major was already expected to be the fourth-highest individual ...

Pharmaceuticals, insurance, tobacco and financials are good places to find income on the UK market, says Richard Marwood, co-manager of the £1.7 billion Royal London UK Equity Income Fund (B3M9JJ7). He believes the prospects for dividends from UK stocks are improving, which should be good news for any investor seeking to generate an income from their portfolio. Many companies had to cut or ...

UK stocks fell into the red by lunchtime on Thursday after the Bank of England maintained interest rates at 0.1%, which came as a host of corporate updates got an increasingly negative reception. The UK’s benchmark FTSE 100 index fell 0.35% to 6,485, while the midcap FTSE 250 index gave up earlier gains to trade almost flat at 20,732. GROWTH WORRIES HIT UNILEVER Consumer goods giant ...

UK shares opened higher on Thursday as positive earnings boosted hopes of an economic recovery, with investors looking to Bank of England's policy meeting later in the day. The BoE’s Monetary Polity Committee is widely expected to maintain base interest rates at the current 0.1%, great for mortgage borrowers and businesses looking to invest, but not so good for high street banks and ...

UK stocks closed well into the red on Thursday as the Government set out strict restrictions once lockdown ends on 2 December. Most of England will have tough measures to follow, with just the Isle of Scilly, Isle of Wight and Cornwall in the lightest tier one of the Covid tier restrictions. There was also no direction for investors from Wall Street, as US stock markets were closed due to ...

UK stocks tumbled throughout morning trading on Thursday as the Government announced England’s new regional Covid tiers. Tougher tier restrictions will see more people in England placed under the highest tier, though cities like Liverpool and the capital London have avoided the harshest measures. The new system will come into effect once lockdown ends on 2 December. By lunchtime the ...

The FTSE 100 made modest declines in early trading on Thursday in what is likely be a quiet-ish day with markets across the pond closing for the Thanksgiving holiday. At 9am, the benchmark FTSE 100 had slipped around 0.2% to was 6,376.64, led by falls for banks, construction and oil stocks, with tobacco firm Imperial Brands (IMB), Lloyds (LLOY) and house builder Persimmon (PSN) topping the FTSE ...

UK stocks opened higher on Wednesday after a vaccine candidate for Covid-19 showed promising results in early trials and after strong trading in the US driven by a good start to the Q2 results season and hopes for more support from the Federal Reserve. In early trading the FTSE 100 index was up 55.84 points, or 0.9%, at 6,235.59. Pharmaceutical company Moderna said a proposed vaccine for the ...

Global markets and investors have been held captive by the Covid-19 pandemic in recent months, and rightly so. But as the global conversation gradually moves on from saving lives to savings jobs and shoring up economies, climate change remains the elephant in the room. In April the UK economy shrank by 20.4%, an unwanted record decline that shows the severity of the current challenge to our ...

This year has seen 233 London-listed companies either cancel, cut or suspend their dividends, principally because of the coronavirus crisis. This is terrible news for anyone who relies on their investments for income. In many instances, even previously-declared dividends are not going to be paid, a terrifying trend only seen during times of massive distress that has returned as fiscal prudence ...