Ocado Trump Tesco On The FTSE

Tuesday, 16th October: The tedious period of weak pay rises for workers in the UK seems to be coming to an end, as new data revealed a 3.1% increase in earnings, excluding bonuses, in the three-month period to August. Prior to the global financial crisis, 4.0% increased in pay growth was the norm, but troublesome…

ConvaTec CEO Steps Down

Monday, 15th October: After the turbulent week of a global sell-off, this week began somewhat calmer as the blue-chip index opened around 0.1% higher in the morning. Superdry and ConvaTec were at the very bottom of the FTSE 250 on Monday morning as they both issued warnings with regards to profits and revenue, ConvaTec suffering…

A False Dawn for Markets as Patisserie Valerie Rescue Gets Underway

Friday, October 12: An overnight relief rally in Asia provided Europe with the impetus to open in the green with the FTSE 100 led higher by a raft of mining, industrial and consumer stocks. However, the relief rally proved short lived as European pared small gains in late trade to close down. Carclo(-5.81%) was one…

Markets Mauled Again as Patisserie Valerie Situation Sours

Thursday, October 11: Asian markets were sharply lower overnight, market moves which were preceded by a rout on Wall Street(S&P 500 -4.00%) late last night. The flight from risk assets continued as Europe woke-up this morning, with major indices notably lower and depressed throughout the day. The FTSE 100 hit another six month intraday low…

Global Markets Sink on Risk Re-pricing

Wednesday, October 10: A downbeat end to trading on Wall Street yesterday saw London open lower as investors awaited UK economic data. As the day grew old global risk assets descended further into the red as investors pondered the IMF’s downgrade to forecast global growth and the consequences of rising Treasury yields. These worries and…

Investors Tuck Into Greggs’ Results

Tuesday, October 9: The FTSE 100 clung onto minor gains intraday(+0.06%) despite a global growth downgrade from the International Monetary Fund which stressed the primary index and bourses across Europe. The IMF’s World Economic Outlook cited the U.S.-China trade war, rising US rates pressuring emerging markets and a weaker Eurozone performance as the catalysts for…