FTSE hits new high despite Tesco and M&S Christmas slumps

MILAN/LONDON (Reuters) – Underwhelming Christmas updates at retailers Tesco and Marks and Spencer weighed on the UK’s top share index on Thursday but failed to prevent it from hitting a new high, with strong metal and oil prices supporting mining and energy stocks.

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USD Rises Steadily in European Session

During the European session, the US dollar offset its losses, whereas the euro and the British pound continued weakening against their American counterpart. The EUR/USD pair is trading near the level of 1.1950, making an attempt to rebound. However, the upbeat report on industrial production in the Eurozone failed to provide support to the single European currency. According to official data, the industrial production in the Eurozone expanded by 1% in November after increasing by 0.4% in the previous month. The experts […]

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UPDATE 1-FTSE hits new high despite Tesco and M&S Christmas slumps

The FTSE 100 benchmark closed up 0.2 percent at 7,762.94 points. Marks and Spencer shares sank 7 percent, the biggest loss on the FTSE, after sales fell in the last quarter of 2017, hampering the British retailer’s latest attempt at a corporate turnaround.. Tesco fell 4.5 percent as the country’s biggest …

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LONDON MARKET CLOSE: FTSE 100 Hits Fresh High As Miners, Just Eat Gain

LONDON (Alliance News) – The FTSE 100 managed to reach a fresh record high during Thursday’s session, despite losses for retailers Marks & Spencer … “The FTSE 100 reached another record-high today as solid gains from the mining and utilities sectors drove the British equity benchmark to a new …

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DIRECTOR DEALINGS: Carnival Boss Arnold Donald Sells 3000 More Shares

LONDON (Alliance News) – Carnival PLC said Thursday Chief Executive Officer Arnold Donald sold shares worth USD204,000 in the cruise ship operator in a transaction on Tuesday. Donald – CEO of the FTSE 100-listed firm since 2013 – sold 3,000 of Carnival’s New York-listed shares at an average …

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Housebuilders suffer share price fall amid housing market fears

New-House-Houses-Being-Built-700.png Nervousness about a slowdown in the UK housing market caused shares in leading housebuilders to slide on Wednesday (Jan 10). The FTSE 100’s biggest loser of the day was Taylor Wimpey – with shares down 4.02 per cent at the close of trading. This was …

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1 growth stock I’d buy in 2018 and 1 I’d sell

I’m much more interested in FTSE 100 catering giant Compass Group (LSE: CPG). As corporations the world over look to trim operating costs and focus solely on their core competencies, Compass is a major winner as it offers customers such as schools, hospitals and corporate HQs the opportunity to …

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FTSE 100 movers: Miners shine brightly over gloomy retailers

(ShareCast News) – The FTSE was flat on Thursday as miners helped offset a heavy fall in Marks & Spencer shares and other retailers who piled in with gloomy trading updates. Marks & Spencer said UK like-for-like sales fell 1.4%. Over the 13 wee…

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Bitcoin Forecast — January 11th 2018

In this video, the Trader Guy looks at the cryptocurrency, bitcoin for the January 11th session. Bitcoin/USD — As you can see on the daily chart, we have seen quite a bit of volatility in bitcoin and with that being the case we dropped towards this uptrend line. Then we turned around to form a hammer. Breaking above the top of the hammer, above the $15,000 level should send this market to $17,000. A breakdown below the bottom […]

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FTSE 100 eyes record high despite supermarket slump

The FTSE 100 is eyeing a record high as the basic resource stocks are forming the foundation of the rally, and the British equity benchmark is being slightly held back by supermarkets. Marks & Spencer shares are in the red today as the UK business …

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Marks and Spencer Group plc isn’t the only FTSE 100 stock I’d sell today

Marks and Spencer(LSE: MKS) today reported on trading for the 13 weeks to 30 December, with chief executive Steve Rowe describing it as “a mixed quarter.” The market appears to have taken a less charitable interpretation, sending the shares down 6% to 305p as I’m writing. I’ve long maintained a …

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Marks and Spencer Group plc isn’t the only FTSE 100 stock I’d sell today

Marks and Spencer (LSE: MKS) today reported on trading for the 13 weeks to 30 December, with chief executive Steve Rowe describing it as “a mixed quarter.” The market appears to have taken a less charitable interpretation, sending the shares down 6% to 305p as I’m writing. I’ve long maintained a …

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Oil Balloons to Multi-Year Highs

Oil continues to steadily move up to multi-year highs. Now, the price is supported by an official report from the US Department of Energy. According to official data, Crude Oil inventories declined by 4 million 948 thousand barrels in a week, which surpassed the forecasts of the analysts. Moreover, the volume of oil production also decreased by 290 thousand barrels a day. This data put an upward pressure on Light Sweet Oil. WTI is trading […]

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