Carpetright Rolls On

Tuesday, June 25: The FTSE 100 opened lower today as investors turned their concentrations towards the upcoming G20 meeting. The undercard is tasty but the main event is of course between the two big guns, the US and China in respect to developments in trade tensions / resolutions. Of course, comments from trump on ranging…

Cake Box Without Egg On Their Face

Monday, June 24: With the weekend doing nothing to diffuse geopolitical tensions around the globe, equity markets have begun the week in mixed fashion. The Nikkei fell nearly 1% whereas Hong Kong’s Hang Seng just kept it’s head above water. The tensions however did push oil and rare metal prices higher which helped the commodity…

IQE Short Circuited by Trade Tensions

Friday, June 21: The FTSE 100(-0.23%) was lifted by rallying oil majors as crude prices rose on the back of rising Middle Eastern tensions at the open, though gains were pared into the close as sterling strengthened against both the euro & the US dollar. Heavyweights Shell(+0.83%) & BP(+1.26%) were higher after a report announced…

Lufthansa Grounds Airlines

Monday, June 17: Banking stocks led the FTSE 100(+0.16%), and Europe higher at the open though negative sentiment directed towards Airlines restrained gains across the board ahead of Fed & BoE meetings in the week ahead. Babcock(+1.46%) was in the green this morning as it announced it received an offer from Serco in January to…

Majestic Wine Turnaround Remains On Ice

Thursday, 13 June: At the open this morning the FTSE 100 treaded water, with a host of factors for investors to vet early doors. Oil prices had shown a brief resurgence through the early hours but they remained relatively low, keeping the energy heavyweights subdued. Global trade fears also rumbled on, after yesterday’s announcement by…

No Tears For Boohoo

Wednesday, 12 June: Markets very much emulated the weather today, with the majority of major global bourses enduring a miserable day’s trade, losing ground and finishing with an equally bleak outlook for tomorrow. At the open the FTSE was held lower, not helped from a steadier pound from Tuesday’s better than expected data releases. This…