Barcelona

FTSE 100 closes lower as airlines are buffeted by quarantine rules on arrivals from Spain

The FTSE 100 closed lower 0.31% lower today after the UK government abruptly imposed mandatory quarantine on travellers arriving in the UK from Spain following a spike in Covid-19 cases. While the government is not advising holidaymakers to cut their holidays short, they require that on return travellers provide their ‘journey and contact details’ as

Face masks may be made mandatory in shops in the UK.

Mask wearing and corporate earnings entice investors to add risk as FTSE rises 1.3%

Donald Trump and Boris Johnson donned face masks in public for the first time since the pandemic began over the weekend, as Downing Street is expected to make an announcement over the next few days regarding whether it should be mandatory to wear masks in shops. If the UK government were to enact such a

Newly built terraced-housing.

Homebuilder heaven: Persimmon rises 6.4% on robust results

UK homebuilders were on a high today following Rishi Sunak’s announcement that he would raise the threshold on paying stamp study from £125,000 to £500,000, as well as a strong trading update from Persimmon. Whilst the FTSE 100 declined by 1.73% today, Persimmon advanced 6.41% higher to £25.89 a share, as the company announced construction

Close up of the London Eye

FTSE declines for second day in a row as virus fears dampen Sunak’s splurge

UK blue chips declined for the second day in a row, as daily coronavirus case numbers continue to set new records in the US, weighing on investor sentiment. This was despite UK chancellor, Rishi Sunak, announcing a raft of new fiscal measures to support the economy, which included a 15% VAT cut for the tourism

Germany’s R number ratchets higher as second-wave fears breeds angst

The FTSE 100 closed 0.76% down today, as news emerged over the weekend that Germany’s R number had surged from 1.79 to 2.88 renewed fears over a second wave of Covid-19 infections. Statistical uncertainty means the actual reading (as per the 95% confidence intervals) could be as high as 3.73. In light of the praise

FTSE 100 slightly down as Bank of England boosts its bond-buying by £100m

The FTSE 100 fell 0.47% to 6,224.07 as news out of the Bank of England underwhelmed investors as expectations were for the central bank to be more aggressive. Risk sentiment is hardly being helped by a second wave of infections in Beijing, which has led city authorities to reimpose strict lockdown restrictions. The new cluster

The City

UK stocks down as OECD predicts its growth to be worst of G7

The FTSE 100 fell 0.1% to 6,329.13 as market participants held off on adding risk ahead of the Federal Reserve’s statement. The OECD also released its growth forecasts today predicting the UK would have the toughest road ahead as compared to its G7 peers. If the good news regarding declining Covid-19 infection rates in the

BP and Shell drag FTSE 100 lower but Aveva shines following stellar results

The FTSE 100 closed down 2.11% on Tuesday as heavily-weighted BP (Ticker:BP) and Royal Dutch Shell (Ticker:RDSA) fell 3.47% and 4.38% respectively. Aveva (Ticker: AVV) rose 4.33% as full-year profits grew 97%. Brent crude, the international oil benchmark, fell by as much as 2% from $40.81 to $40, during London’s trading hours, before trimming losses

FTSE 100 dips slightly as UK government reaffirms reopening target for pubs

The FTSE 100 eased back 0.18% to close at 6,472.59 today, following Friday’s ferocious rally after a blowout US jobs report, amid UK government affirmations that it will stick to its target to gradually reopen pubs and restaurants from 4th July, which have been closed since late-March. Although US equities saw another strong day of

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