Ocado Rise Despite Cautious Interim Update

Tuesday, 10th July: The FTSE is determined not to let the government stop it from making gains. After yesterdays shock resignation from Boris Johnson the index closed higher and also opened higher this morning. However, these efforts were short-lived as the gains dropped into the afternoon which left the index trading flat at around 14:15…

Brexit Resignation Hat-Trick In 24 Hours

Monday, 9th July: The blue-chip index opened comfortably higher on Monday morning, around 0.19%, at an attempt to turn a blind eye to trade headlines which dominated the news last week. With only a handful of stocks in red territory, Hargreaves Lansdown and BP were at the very bottom, both roughly 0.56% lower. The top…

Royal Wedding Perks Up Retail Results In May

Thursday, 14th June: Retail data came in today and was surprisingly upbeat. The run-up to the royal wedding and the streak of sunshine which blessed British weather has resulted in an increase of 0.9% in the three months to May, compared to an increase of 0.2% in the three months to April. What was more…

Dixons Daunting Data Breach

Wednesday, 13th June: Dixons Carphone are well and truly feeling the effects of hump day after starting the morning at the bottom end of the FTSE 250 having become a victim of cyber crime and realising an unauthorised presence accessed customers payment card data. Although there has been no evidence of any fraudulent activities taking…

Trump Makes Friends Whilst May Makes Frenemies

Tuesday, 12th June: Although some still seem sceptical, President Trump has reassured the world after his historic meeting with Kim Jong Un that the denuclearisation of the Korean peninsula will happen, and it will begin very soon. Whilst denuclearisation remained the centre topic, it seems there was no mention of the sanctions on North Korea,…

Poundworld Has Fought Its Last Battle

Monday, 11th June: Poundworld announced in the later part of the morning that they have went into administration after struggling to find a rescue buyer before the upcoming rent payment which is due on the 24th June. The closure of 355 stores is set to effect over 5,000 employees. As many of Poundworld’s peers on…