Cineworld up 10% ahead of earnings, but then disappoints London-listed stocks rallied yesterday while their US counterparts fell, with the FTSE 100 and FTSE 250 both adding more than 1% on the day. In the FTSE 250, Cineworld Group jumped 10% the day ahead of its latest quarterly earnings report, in anticipation of positive news…
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Energy stocks lead the week after oil rallies back past $40 a barrel The top line figures for the major US stock indices do not tell the full story of last week. Given their dominance market cap wise, the tech giants can easily swing indices into the red even when other sectors are performing well.…
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Pound tumbles on Brexit tension, boosts FTSE 100 London-listed stocks recorded gains last week, as significant tensions between the United Kingdom and European Union over Brexit sent the value of the pound tumbling. Sterling fell from close to $1.33 on Monday to sub $1.28 by the weekend. Any negative movement for sterling tends to lead…
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What to watch US markets are closed on Monday for a public holiday. JD Sports Fashion: Tomorrow, London-listed JD Sports Fashion will release its latest quarterly earnings. The firm is ahead of the broader market year-to-date, although its share price is still down 14.6%. Back in April the company scrapped its final dividend and chairman…
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What to watch Note: US stock markets are closed on Monday due to a public holiday. Jobs report: With minimal earnings news, all eyes will be on August’s US jobs report from the Bureau of Labor Statistics on Friday. The report will include data on nonfarm payrolls – a measure of the number of US…
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What to watch Broadcom: Semiconductor and infrastructure software firm Broadcom has seen its share price jump 18.7% year-to-date, including a 4% rally on Wednesday, the day before its latest quarterly earnings report. The near $150bn market cap firm has found some of its services and products, which are used to help build and maintain IT…
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What to watch Crowdstrike: Cyber-security firms have been one of the major beneficiaries of the pandemic as businesses’ security needs have shifted dramatically with most employees working from home. US company Crowdstrike, whose website bears the slogan “we stop breaches”, has ridden that wave to a 188% share price gain in 2020 so far. The…
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Double digit gainers in FTSE 100 despite loss for week UK markets were closed for the bank holiday on Monday. The FTSE 100 fell marginally last week, while the FTSE 250 added 1.2%, although there were two FTSE 100 stocks that posted double digit gains for the week. Industrial software firm Aveva added 19.5% driven…
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WPP jumps after reinstating dividend The FTSE 100 fell 0.8% on Thursday, with gains from companies including advertising firm WPP and British Airways parent IAG failing to outweigh losses from firms such as housebuilder Persimmon, chemicals firm Johnson Matthey and miner Anglo American. WPP stock jumped 6.6% as despite delivering a multi-billion pound loss, the…
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UK indices lower as markets baulk at new travel restrictions The FTSE 100 and 250 indices were led lower on Friday by travel stocks which sold off thanks to fresh quarantine impositions on six countries, including the UK’s number two destination, France. Fresh quarantine rules means travellers returning from France will have to quarantine at…
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