|Day's Range||6,698.15 - 6,776.13|
|52 Week Range||6,673.60 - 7,903.50|
London markets were up on Wednesday, as inflation rates cooled in November bringing the annual rate closer to the Bank of England’s 2% and GlaxoSmithKline rallied on deal news.
European markets were positive on Wednesday, as investors anticipate the decision of the U.S. central bank to potentially raise interest rates for the fourth time this year.
The main bourse (.FTSE) climbed 0.67 percent by 0945 GMT and the FTSE 250 (.FTMC) was up 0.2 percent. GlaxoSmithKline (GSK.L) surged 7.1 percent to take the top spot on the FTSE 100 after saying it would combine its consumer health business with Pfizer's (PFE.N) in a joint venture with sales of 9.8 billion pounds ($12.41 billion). "We view today’s move as further evidence of GSK’s renewed focus on Pharmaceuticals R&D and believe separation of the Group provides an opportunity for further value delivery from the individual entities," said Shore Capital analysts.
European shares rose cautiously at the open with gains in the banking and the pharmaceutical sectors lifting the market amid speculation the U.S. Federal Reserve will take a dovish stance towards monetary policy at a meeting later on Wednesday. The pan-European STOXX 600 (.STOXX) index was up 0.3 percent by 0825 GMT after four straight sessions of losses due mostly to mounting worries over slowing economic growth. Italian banks jumped 3.7 percent after the country's government struck a deal with the European Commission over its contested 2019 budget and seemed to be on track to put an end to weeks of wrangling that have shaken financial markets.
Asian stocks were mixed on Wednesday, as traders mulled over the Federal Reserve's interest rate decision and weaker-than-expected Japanese trade data. KEEPING SCORE: Japan's Nikkei 225 index fell 0.4 percent to 21,025.10 while South Korea's Kospi rose 0.6 percent to 2,074.38.
By Muvija M (Reuters) - Britain's blue-chip index fell on Tuesday as perpetuating concerns over slowing global growth and an oversupply of oil spooked investors, while the mid-cap index gained after a ...
By Danilo Masoni and Julien Ponthus MILAN (Reuters) - European shares remained stuck in a "Santa Crash" on Tuesday in a fourth straight session of losses, dragged down by poor economic data and ...
European markets were mostly in the red on Tuesday, as crude oil prices plummeted to new lows and investors remained jittery over an expected U.S. interest rate hike.
Global stocks extend declines after last night's steep selloff on Wall Street as investors count the economic cost of ongoing trade disputes and keep a close eye on tomorrow's Fed rate decision. Global oil prices slide, sending U.S. crude well below $50 a barrel, as shale production forecasts suggest more supply will hit the market next year as demand slumps in key markets around the word.
London stocks were down on Tuesday, as crude oil prices drop to a fresh low and investors wait nervously for the start of the two Federal Open Market Committee meeting
SINGAPORE (AP) — Asian stocks fell on Tuesday, tracking losses on Wall Street as traders braced for an interest rate hike by Federal Reserve.
LONDON MARKETS Retail gloom hit London markets on Monday, after online retailing giant ASOS PLC cut its full-year outlook, sending its rivals into the red. Mining companies led the heavyweight gainers.
European markets fell Monday, as investors cautiously approached the final full week of trading in 2018 ahead of the Christmas break.
Labour Party leader Jeremy Corbyn is expected to bring a vote of no-confidence against U.K. Prime Minister Theresa May, after the premier refused to hold a vote on her Brexit deal before the Parliament's Christmas recess. May earlier said she intended to schedule a vote for the week of Jan. 14, which many members of Parliament deem as too late. The Prime Minister survived a vote of no-confidence brought by her own Conservative Party last week. The British pound was clinging to gains, last buying $1.2622, up 0.3%.
By Helen Reid LONDON (Reuters) - European shares tumbled on Monday when a profit warning from online fashion retailer ASOS sent retail stocks into nose-dive as investors fretted that consumers were failing ...
The U.S. dollar index trades near 18-month high as the Federal Reserve preps for its two-day rate setting meeting that begins Tuesday. China's Xi Jinping will speak Tuesday on the 40th anniversary of the nation's economic reforms amid concerns that the ongoing trade war will clip 2019 growth.
The U.S hedge fund, which owns about 2 percent of Just Eat, asked Just Eat to present a three-year financial plan before its shareholder meeting in May and consider selling its stake in online food delivery platform iFood. Selling its iFood stake could fetch as much as 650 million pounds, Cat Rock said. "We are concerned that the slow pace of planning and decision-making at Just Eat will not only continue to destroy shareholder value but will also result in competitors eroding Just Eat's leading market position," Cat Rock said.
Just Eat shareholder Cat Rock Capital Management LP on Monday called on management of the online food order and delivery company to sell businesses and align executive pay to financial targets. The U.S hedge fund, which owns about 2 percent of Just Eat, asked Just Eat to present a three-year financial plan before its shareholder meeting in May and consider selling its stake in online food delivery platform iFood. Selling its iFood stake could fetch as much as 650 million pounds ($818 million), Cat Rock said.
U.K. retail stocks made heavy losses on Monday, with Asos falling almost 39 percent. U.K. Prime Minister Theresa May was due to warn a second Brexit vote would be damaging to democracy. European stocks traded lower Monday afternoon, amid escalating concerns of a sharp slowdown in global growth.
It’s an action packed week ahead, with Brexit, the FED, the BoE, China’s CEWC and a slew of economic data to drive the markets and let’s not forget Trump…
LONDON MARKETS London markets ended lower on Friday, as slow Chinese business activity in November rebooted refreshed worries over global economic growth. Meanwhile, Brexit uncertainty continues to hang in the air amid a lack of signals U.
European stocks log a lower close as fresh data show the French economy grinding to a halt, gloomy news for Germany and a batch of downbeat numbers out of China.
By Helen Reid and Muvija M LONDON (Reuters) - Weak economic data from China sent Britain's top stock index down on Friday as miners, consumer stocks and banks suffered from investors' mounting anxiety ...