|Day's Range||6,137.09 - 6,262.71|
|52 Week Range||4,898.80 - 7,727.50|
European stocks were set to break a four-session win streak on Friday, with upbeat economic data overshadowed by persistent worries about rising virus cases in the U.S.
London stocks fell on Friday, with the index set to underperform its European rivals for the week, as weak oil prices weighed on major energy names, and alongside concerns that next week’s summer statement from the U.K. Chancellor will lack big tax cuts.
European stocks were set to break a four-session win streak on Friday, with upbeat economic data overshadowed by persistent worries about rising virus cases in the U.S. That is as a holiday Stateside was set to keep a lid on trading volumes.
On Friday property group Land Securities, having reopened its retail properties, revealed plans to reinstate dividend payments in November. It is one of about half the FTSE 100 businesses that have either cancelled, reduced or suspended payouts this year. It is little surprise that dividend payers more exposed to economic gyrations have cut harder.
European stocks surged on Thursday as the U.S. economy regained 4.8 million jobs in June, adding to the global optimism engulfing investors.
The BLS estimated that 4.8 million Americans returned to work last month, as businesses and factories continue to re-open following months of coronavirus shutdowns, adding to further evidence of a broad-based economic recovery.
The Dow finished lower Wednesday, but the tech-heavy Nasdaq was vaulted to a fresh record close, giving the year’s second half a mixed start as investors focused on signs of economic recovery from the coronavirus crisis and a new Fed promise for clarity on the path of rates.
London stocks carved out modest gains on Wednesday, as the British Chambers of Commerce called for “swift, substantial and immediate action," to deal with a historic setback revealed in its quarterly economic survey.
US stocks rose on the first day of the third quarter as bullish investors took heart from cheering economic data and news of a potential coronavirus vaccine. The S&P 500 index rose 0.5 per cent in New York on Wednesday, after the ADP employment report showed US private payrolls rose by 2.37m in June following a sharp upward revision to the previous month’s data. FedEx, seen as an economic bellwether, led gainers, up 11.7 per cent after benefiting from a boom in online shopping and home deliveries.
British boardrooms will be asked to recruit at least one person from an ethnic minority background in the next three years by an influential corporate lobby group that wants to harness the momentum of anti-racist protests to push for greater executive diversity. The 30% Club, which was formed a decade ago to push for more women in board positions across the FTSE, will on Wednesday announce a series of targets for the UK for the next three years centred on bringing greater ethnic diversity to top management positions.
European stock markets traded mostly higher Wednesday, as some better-than-expected economic data indicated that the economic recovery in Europe is on track, despite lingering concerns about the Covid-19 outbreak both at home and, more acutely, in the U.S. It was cautious about the outlook for the rest of the year, but said it had repaid 500 million pounds that it had drawn down from a credit facility as a precautionary measure at the start of the outbreak.
European stocks and U.S. futures edged lower on Tuesday, as the Stoxx 600 index headed for its best quarter since 2015.
Wall Street is set to book its strongest quarterly gains since the global financial crisis Tuesday, with tech stocks driving the Nasdaq to a near 30% gain and Fed and Congressional stimulus lifting both the Dow and the S&P; to double-digit percentage gains.
Standard Life Aberdeen (SLA) <SLA.L> Chief Executive Keith Skeoch will step down after five years at the helm and former Citi executive Stephen Bird will replace him, the British asset manager said on Tuesday. The announcement marks the end of a 14-year career as an SLA director for Skeoch, during which he oversaw the 2017 merger of Standard Life and Aberdeen Asset Management to create one of Britain's biggest fund managers.
The first half of an already tumultuous year — and one that has packed in some of the greatest hits from previous episodes of financial turbulence — is closing. For investors there is really no half-time break, let alone a Super Bowl style show such as this epic performance by Prince from a rain-swept Miami in 2007. Instead, investors are left assessing or fretting about the extent of the coming recovery in economic activity and corporate profits.
Boris Johnson focuses on infrastructure spending in an effort to revitalize the UK economy. Yahoo Finance’s Tom Belger discusses.
U.K. stocks shake off early losses Monday to turn sharply higher, with investors pinning gains to hopes for possible fiscal stimulus to help an economy pounded by the COVID-19 pandemic. The commodity-weighted index also was supported by gains from BP PLC after the energy giant announced plans to sell its petrochemicals unit.
European stocks struggled for direction as a new week began on Monday, as investors continued to focus on rising coronavirus infection rates in the U.S. and as global cases surged past 10 million.
U.S. investors face a busy holiday-shortened week this week with Fed Chairman Jerome Powell testifying before Congress Tuesday and the June jobs report slated for Thursday.
In the Welsh and Scottish mountains, a small number of hydro power stations, some of them more than half a century old, have become a first line of defence in the battle to keep electricity flowing around Britain during the coronavirus crisis. Britain’s four “pumped storage” hydro power stations, often referred to as “green batteries”, have played a critical role in helping utility company National Grid address exceptional conditions in the energy system since lockdown. The closure of businesses pushed demand for electricity down by 20 per cent on average in April and May while unusual weather meant the grid was simultaneously flooded with record solar generation and strong output from wind farms.
The chief executives of FTSE 100 companies that have tapped government support schemes through the coronavirus crisis received higher than average multiples of staff pay, according to new research. A report by the High Pay Centre showed that the 11 FTSE 100 companies found to have used the schemes paid their chief executives an average of 80 times more than their median employee and 109 times more than their lowest-paid staff. Building materials group, CRH, was identified by the High Pay Centre as the FTSE 100 company that used a government support scheme with the highest pay differential — its chief executive was paid 207 times as much as the median employee salary.
Bookmakers heaved a sigh of relief last week as betting shops reopened in the UK and sports fixtures started to return across Europe after the pandemic-enforced break — even if they were behind closed doors with simulated cheers. Sports betting is crucial for gambling companies. According to the European Gaming and Betting Association, two-fifths of its members annual gross gaming revenue, about €2.4bn each year, is made from sports wagers.
Weaker-than-expected economic data, rising coronavirus cases, and an unfavorable result for banks in Thursday’s Federal Reserve stress tests knocked the market lower on Friday.
Pidgley, 72, helped set up the FTSE 100 company in 1976 and became Berkeley's chairman over a decade ago. Deputy Chairman Barker joined the company as a non-executive director in 2012 after having worked with one of the "Big Four" accounting firms, PricewaterhouseCoopers for more than 30 years. Shares of Berkeley, which operates mainly in London, Birmingham and the South of England, closed down 3.8% at 4,105 pence on Friday.
Hopes for more stimulus were a big driver behind gains for London stocks on Friday, allowing investors to ignore a record number of COVID-19 outbreaks across several U.S. states. Shares of Tesco shook off earlier losses to trade higher after results.