Global equity sell-off sends FTSE 100 down by more than 1%

The biggest risers on the FTSE 100 were Reckitt Benckiser Group up 93p at 6,880p, Coca Cola HBC up 23p at 2,424p, Informa up 6p at 693.4p and Halma up 8p at 1,275p. The biggest fallers on the FTSE 100 were Standard Chartered down 24.6p at 814.1p, Scott…

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Global equity sell-off sends FTSE-100 down by more than 1%

London’s blue chip index was knocked by more than 1% as investors reacted to a drop in global equities by cashing in their UK positions. The FTSE-100 ended the day down around 83.55 points at 7,587.98 points, with banks taking the largest hit. David Madden, a market analyst at CMC Markets UK, …

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FTSE 100 finishes sharply lower as financial stocks weigh

The FTSE 100 took a beating to close 1.09% lower, or around 83 points, at 7,587.98, in tandem with the slide seen in other European markets. The footsie, which has been hitting record highs over the past weeks, hit a five week low, dragged lower by fin…

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LONDON MARKET CLOSE: Stocks Sink As Banks And Miners Weigh On FTSE 100

LONDON MARKET CLOSE: Stocks Sink As Banks And Miners Weigh On FTSE 100 … The FTSE 100 index closed down 1.1%, or 83.55 points at 7,587.98. … On the London Stock Exchange, banks dragged the FTSE 100 lower with Standard Chartered down 2.9%, Barclays …

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B&Q cuts 200 head office roles in bid to cut costs amid DIY sector woes

B&Q is getting rid of 200 senior roles in a bid to cut costs and simplify its operations amid tough conditions in the DIY retail market. The retailer said 130 jobs in its Southampton head office would be cut, along with a further 70 travelling “field-based” roles, but no in-store workers would be affected.

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UPDATE 1-Britain’s FTSE drops to 5-week low as financials, miners fall

LONDON, Jan 30 (Reuters) – The UK’s top share index fell to five-week lows on Tuesday as investors took profits on miners and banks, so-called cyclical sectors which have enjoyed a strong start to 2018. The blue chip FTSE 100 index ended down 1.1 percent at 7,587.98 points, in line with a broader …

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Lloyds Banking Group among the fresh intake for year two of “Dogs of the Footsie”

A screen was run on the FTSE 100 stocks, looking for companies that had dividend cover – based on broker forecasts of this year’s earnings and dividends – of at 1.5. The companies were then ranked in order of yield, with the highest yielder at the top. As a result of this, the following existing “Dogs of the …

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Brexit Is Nightmare for British Pound

Today, is a very important day for the British pound as traders are waiting for the appearance of Bank of England Governor Mark Carney before the Parliament. The Bank of England’s head is expected to deliver comments on the current economic conditions and provide the outlook on the consequences of Brexit that may influence the financial sector. Besides, market participants hope to hear any hints about the interest rate path, as earlier the bank’s officials spoke about a possibility of tightening […]

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U.S. Consumer Confidence Index Climbs More Than Expected In January

Consumer confidence in the U.S. rebounded by more than expected in the month of January, according to a report released by the Conference Board on Tuesday.

The Conference Board said its consumer confidence index climbed to 125.4 in January from an up…

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FTSE slumps to 2018 low as bond fears spread

Update: The FTSE 100 has fallen to a low for 2018 as a stock market sell-off strengthened throughout the day and volatility spiked amid fears over the bond market. The UK blue-chip index dropped through the 7,600 mark, falling 75 points, or 0.1%, to 7,…

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Investec teams up with Lowes for eight-year structured product

The IFA’s structured product portfolio had risen by four-fifths (81%), versus the IA’s tracker fund of choice – the HSBC FTSE 100 Index Fund – which had increased by just more than three-fifths (62%), by the end of the challenge in December. On the launch, Lowes Financial Management managing …

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Financial Power List 2018: 6-10 revealed

Compiled by the Accountancy Age editorial team, the Financial Power List 2018 ranks the 50 individuals who we believe will have significant influence on the direction of the accountancy industry over the next 12 months. Individuals considered for the l…

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Andrew Bonfield, Chair, 100 Group, National Grid CFO

The National Grid. The National Grid is a British multinational electricity and gas utilities company which has its headquarters in Warwick, but serves the UK as well as Northeastern United States. It has a primary listing on the London Stock Exchange …

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FTSE 100 movers: Informa gains on deal news; banks under pressure

(ShareCast News) – London’s FTSE 100 was down 0.9% to 7,606.55 in afternoon trade on Tuesday as the pound made gains against the dollar, trading back above $1.41. Informa was the standout gainer after agreeing to buy UBM for £3.9bn to create a business-to-business (B2B) information giant as …

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Hungary CB Holds Rate Steady For Fourth Month

Hungary’s central bank left its interest rates unchanged for a fourth successive month in January.

The Monetary Council of the Magyar Nemzeti Bank kept the base rate at 0.90 percent on Tuesday, in line with economists’ expectations. The bank held th…

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German Inflation Unexpectedly Eases In January

Germany headline inflation slowed for a second straight month in January, defying expectations for stability, as prices fell from the previous month, led by the sharp easing in energy inflation.

The consumer price index rose 1.6 percent year-on-year …

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Dollar Little Changed After S&P/Case-Shiller Home Price Index

S&P Corelogic Case-Shiller home price index for November has been issued at 9.00 am ET Tuesday.

After the data, the greenback changed little against its major rivals.

The greenback was worth 108.55 against the yen, 0.9315 against the franc, 1…

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