Box Office Smashed?

Travel and leisure stocks look like they went 12 rounds with Mike Tyson during March, and that’s just the beginning. Examining the sector closer, cinema chains across the world have seen their share prices slashed and some have even questioned the future viability of the big screens. With that in mind, we want to take…

Housebuilders a Solid Foundation for FTSE 100

Thursday, April 23:  The FTSE 100(+0.97%) saw a rebound from early losses, as oil prices rose lifting oil majors, and a return to work for the construction sector lifted housebuilders. On the evidence of the market close, investors took very weak economic data in their stride. The IHS Markit/CIPS Flash UK Composite Purchasing Managers’ Index…

FTSE 100 Flips Back into Green on Oil Rebound

Wednesday, April 22: The FTSE 100(+2.3%) closed out the day in the green lifted by a raft of oil & mining stocks as the likelihood of oil production cuts from OPEC appeared to increase, with this optimism also feeding into bids for other commodities. Brent Crude, the UK’s oil benchmark was almost 9% higher after…

FTSE 100 Falls on Oil Demand Fears

Tuesday, April 21: Energy stocks weighed on the FTSE 100(-2.96%) as the panic which saw US May futures into negative territory yesterday sent US June futures lower today and permeated equity markets across the globe. Investors worried that the coronavirus pandemic has stifled demand, and these worries coincide at a critical juncture for US WTI,…

FTSE 100 Closes Higher Despite Wallop from WTI

Monday, April 20:  European markets were mixed intraday but closed out the day in the green, with the FTSE 100(+0.45%) spurred higher by consumer staples and drugmakers, though a fall to WTI’s lowest level in >20 years and apprehension regarding forthcoming earnings season tempered enthusiasm for equities across the continent. Both Unilever and Reckitt Benckiser…

Smooth Sailing For Evraz

Thursday, 16th April: Reporting a half-year trading update on Thursday morning was easyJet, for the six months ending 31st March 2020, prior to any negative impacts from Covid-19. Revenue during the period was up 1.6% and seat capacity was down 7.6%, the group also predict a headline pre-tax loss of between £185 million and £205…