British engineering giant GKN slammed a formal £7.4 billion hostile bid as “derisory” on Thursday after suitor Melrose failed to sweeten terms of the prickly takeover tussle. GKN, a FTSE 100 supplier to BMW, Boeing and Airbus, launched a withering attack after Melrose refused to budge on its 418.3p …
Iceland’s unemployment rate increased in the three months ended December, after falling in the third quarter, figures from Statistics Iceland showed Thursday.
The jobless rate climbed to 2.6 percent in the fourth quarter from 2.2 percent in the previ…
South Africa’s manufacturing activity contracted marginally at the start of the year, survey data from the Bureau of Economic Research showed Thursday.
The seasonally adjusted Abasa Purchasing Managers’ Index climbed to 49.9 in January from 44.9 in D…
In this video, we are going to talk about trendlines and how they can act as support and resistance levels. Let’s look at a bullish trendline and how it can act like support. A diagonal bullish trendline is formed when we have two connecting bottoms, we draw a line between those, and project that line into the future. We will have a future support level as you see in the third […]
Czech manufacturing activity logged the joint-strongest expansion in seven years in January, survey data from IHS Markit showed Thursday.
The Purchasing Managers’ Index, or PMI, came in at 59.8 in January, the same reading as in December. However, an…
Shares in GKN (LON:GKN) have advanced in London in today’s session as the aerospace and automotive group turned down Melrose Industries’ (LON:MRO) bid. The turnaround specialist unveiled its formal hostile bid today, reaching out to the FTSE 100 group’s shareholders following a rejection by …
Throughout each month, the National Federation of Independent Businesses surveys members on ten components of business conditions they anticipate six months hence. They issue findings on the second Tuesday of the following month in “Small Busines…
The pound strengthened against its major counterparts in early European deals on Thursday amid risk appetite, as banking shares rallied after the U.S. Federal Reserve left its key rate unchanged, as widely expected, but set the stage for a rate hike a…
The Canadian pilot and his five passengers – British businessman Richard Cousins, the chief executive of a FTSE 100 catering giant, his two sons, his fiancee Emma Bowden and her 11-year-old daughter, all died when the aircraft took a sharp right-hand turn and nose-dived into the water. Richard …
Add that to the 0.2% gain versus the euro – to €1.145 – and there was little room for the FTSE 100 constituents to reverse its own mini-slump this week. The index of blue chip shares is broadly flat just after 10am at 7,535.4. Oil supermajor Royal Dutch Shell PLC (LO:RDSB) shed 1.5% to £24.60 in …
As Theresa May visits China to strengthen business ties, does “made in Britain” still have cachet?
Poland’s manufacturing growth eased unexpectedly in January, but remained robust, survey data from IHS Markit showed Thursday.
The manufacturing Purchasing Managers’ Index, or PMI, dropped slightly to 54.6 in January from December’s 34-month high of …
Demand for the bonds has been so strong that the electric car maker has already begun to slash yields.
With sterling enjoying its best month against the dollar since 2009 in January, the FTSE 100 – whose companies derive around 70 percent of earnings from overseas – has been under pressure. “The stronger pound is making the UK domestic market look a bit more attractive,” said JPMAM’s Illsley.
UK manufacturing logged further easing at the start of 2018, falling to its lowest level since June last year, but sustained its robust momentum.
The IHS Markit/CIPS Purchasing Managers’ Index for the manufacturing sector fell to 55.3 from 56.2 in De…
In mid-morning trading, the FTSE 100 is aiming to recover lost ground, although once again strength in sterling is showing through despite a weaker manufacturing PMI. … A tentative recovery is underway for the FTSE 100 and 250 this morning, as UK mar…
L) was leading the gainers on London’s FTSE 100 Index, up by 2.8% after posting results for a positive third quarter and a total return of 19.4% for the nine months to December 31 2017. Evraz (EVR.L), a steel making and mining company, was 2.4% higher and Standard Chartered (STAN.L), a banking …
Business conditions in the Greek manufacturing sector improved at the fastest pace in more than ten years in January, survey figures from IHS Markit showed Thursday.
The seasonally adjusted Purchasing Managers’ Index, or PMI, climbed to 55.5 in Janua…
A downtick in the ISM Manufacturing survey may spark a bearish reaction in the U.S. dollar as it dampens the FOMC’s scope to implement three rate-hikes in 2018.
LONDON, Feb 1 (Reuters) – British shares recovered on Thursday after a two-day swoon, with banking stocks leading gains as results rolled in with mid-cap NEX Group shining while oil major Shell fell back. Britain’s FTSE 100 rose 0.1 percent by 0930 GMT thanks to a rally in banking stocks, but stayed …
Britain’s FTSE 100 rose 0.1 percent by 0930 GMT thanks to a rally in banking stocks, but stayed near its six-week low hit in the previous session. Shell shares fell 0.9 percent, the biggest weight on the index, after its results showed weaker quarterly cash generation than expected, though overall cash …
Spain’s manufacturing activity continued to improve markedly at the start of the year, survey data from IHS Markit showed Thursday.
The manufacturing Purchasing Managers’ Index fell to 55.2 in January from 55.8 in December. Economists had expected th…
Norway’s private sector growth sustained its robust momentum into January, buoyed by a solid increase in production, defying expectations for some easing, survey data showed Thursday.
The purchasing managers’ index climbed to 59 from 58.1 in December…
Eurozone manufacturing activity expanded markedly at the start of the year, driven by solid expansions of both production and new orders, survey data from IHS Markit showed Thursday.
The final factory Purchasing Managers’ Index dropped to a three-mon…
Following the release of U.K. manufacturing PMI for January at 4:25 am ET Thursday, the pound ticked down against its major rivals.
The pound was trading at 1.4254 against the greenback, 156.24 against the yen, 1.3272 against the franc and 0.8731 ag…
The FTSE 100 has been gaining ground gradually overnight. However, just like the previous occasions, we have seen the price start to turn lower once more. Given the short-term wedge formation, a sell-off looks likely, and as long as the price remains b…
UK Jan CIPS/IHS Markit Factory PMI 55.3 Vs. 56.2 In Dec, Consensus 56.5
The material has been provided by InstaForex Company – www.instaforex.com
At 4.30 am ET Thursday, UK CIPS/Markit manufacturing PMI is due. The index is seen at 56.5 in January, compared to 56.3 last month.
Ahead of the data, the pound traded mixed against its major rivals. While the pound rose against the greenback and the…
Swiss Jan Procure.ch PMI 65.3 Vs. 65.6 In Dec, Consensus 64.2
The material has been provided by InstaForex Company – www.instaforex.com
Hong Kong retail sales growth eased more-than-expected in December, yet maintained a robust pace of expansion, preliminary data from the Census and Statistics Department showed Thursday.
The volume of retail sales increased a price adjusted 4.3 perce…
