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

UK stocks continue march higher as Brexit negotiations loom

By Thomas Belayneh The FTSE 100 closed up 0.87% as optimism for a swift economic recovery continues to build and infection rates remain rooted at multi-week lows. This was despite news yesterday that Gilead Science’s phase 3 clinical trials of remdesivir showed no statistically significant improvement for covid-19 patients taking a 10-day course of the

FTSE 100 falls 2.29%: Rolls Royce stalls while Ocado flies

The FTSE 100 shed 2.29% on Friday to close at 6,076.60 as investors feared the announcements of potentially severe sanctions by the US against China, following the Chinese parliament’s formal approval of the controversial new national security law for Hong Kong. Following three straight days of rallying, the FTSE 100 closed lower on the day

Yesterday’s vaccine-induced buoyant mood wears off

By Thomas Belayneh Investor sentiment cooled today after the strong showing of equities yesterday. The FTSE 100 closed a shade lower today at 6,002.23 (0.77% down on Monday’s stellar rise) amidst comments from Rishi Sunak to expect a recession the likes which the UK has never seen before. International consolidated airlines group (Ticker:IAG) lead the

FTSE 100 falls 2.75% as Powell pummels equities

Following Jerome Powell’s particularly sobering speech for equity markets regarding the expected slow recovery for US growth, UK blue chips fell a calamitous 2.75% as wider risk sentiment flailed. 3i Group (Ticker:III), a mid-market private equity group in the UK, rose an astonishing 6.3% as the FTSE 100’s biggest riser held their dividend in light

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