Quarterly economic survey find UK economy slumping
The quarterly economic survey issued by the British Chamber of Commerce says that all indicators point to a slowdown coming in the service sector in the UK, which accounts for two-thirds of the economy. The survey, which looks at 5,801 UK companies, found that export orders for firms in the service sector are at […]
FTSE 250 slips but FTSE 100 continues strong
In London on Thursday, the FTSE 100 gained 13.8 points to 5,259.7, but the FTSE 250 lost 33.0 points to 7,508.7 on a volume of 3.5 billion shares traded.
UBS upgraded the price targets of oil companies BP, Shell, and BG Group. BP’s target was raised to 700p, up 13 percent, while Shell […]
LSE hints at possible future acquisitions
The London Stock Exchange, target of takeover bids by Deutsche Börse and Euronext, might instead be looking to make acquisitions of its own.
At a shareholder meeting on Wednesday, the chairman of the LSE, Chris Gibson-Smith, said that the LSE could make an acquisition if it would be of value to shareholders, but that […]
FTSE closes at 5245
The banking sector on Wednesday helped the FTSE 100 post a gain of 28.7 points to close at 5,245.9, while the FTSE 250 gained 4.5 points to 7,541.7 on a volume of 2.9 billion shares traded.
The gains in the banking sector came as Goldman Sachs touted the stocks to its clients for reasons […]
Intel raided after AMD files claims
Investigators from the European Commission raided the offices of Intel EMEA on Tuesday, looking for evidence that the chipmaker has violated European Union antitrust laws.
Intel confirmed that two offices, one in Munich and the other in Swindon, were entered as part of an ongoing investigation into Intel’s business dealings. The investigation is […]
Telecommunications lead on FTSE 100 gains
In London on Tuesday, the FTSE 100 gained 0.5 percent to 5,217.2, while the FTSE 250 was up 0.4 percent to 7,537.2 on a volume of 2.7 billion shares traded, and Deutsche bank raised its target for the FTSE 100 from 5,250 to 5,450 by year’s end.
Telecommunications companies found themselves in positive territory. […]
Fast house sales for buyers
There are a number of key reasons why someone may want to sell house fast:
1. Moving abroad, and need to move into their overseas property without the hassle of managing one in the UK;
2. Caught up in a property chain, leaving the seller unable to move into a new property elsewhere in the country
3. Debt […]