FTSE 100: Support 7430

Markets declined yesterday after Federal Reserve officials followed through on an expected interest rate increase and raised their forecast for economic growth in 2018, even as they stuck with a projection for three hikes in the coming year. The S&…

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FTSE hovers, set for a weekly gain despite financials dragging

The FTSE 100 inched around 0.1 percent lower in line with mid- and small-cap indices. The leading companies index was set for a small gain on the week, having hit its highest level in a month on Wednesday. Financials weighed heaviest, continuing their slide from the previous session as investors’ …

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New Town Partnership Opens Office In London

Over half of the U.K.’s top 100 listed companies (the FTSE 100) and over 100 of Europe’s 500 largest companies have their headquarters in central London. Over 70 percent of the FTSE 100 are within London’s metropolitan area, and 75 percent of Fortune 500 companies have offices in London.

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European Stocks Extend Losses as US Tax Uncertainty Rattles Investors

Oil futures prices were mixed with West Texas Intermediate crude oil up by 0.3% at $57.23 per barrel while Brent crude, the international gauge, was down by 0.1% at $63.22 per barrel. The pan-European Stoxx 600 Index was 0.17% lower, London’s FTSE 100 Index was down by 0.02%, Frankfurt’s DAX …

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Euro Little Changed After Eurozone Trade Data

Following the release of Eurozone trade data for October at 5.00 am ET Friday, the euro changed little against its major rivals.

The euro was trading at 1.1796 against the greenback, 132.30 against the yen, 1.1651 against the franc and 0.8784 against…

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H&M leads European shares decrease after gross sales miss,…

The STOXX fell 0.2 percent by 0938 GMT, while euro zone blue chips were down 0.1 percent after briefly turning positive and the UK’s FTSE 100 was flat. H&M plunged 15 percent, leading losers on the STOXX, after the world’s second largest fashion retailer reported an unexpected drop in …

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FTSE 100 still in red as retailers take a hit

FTSE 100 was recouping some lost ground but still in the red in morning trade, with retailers lagging. The UK index of premier shares is down 3.88 points at 7,444., while on the midcap front, FTSE 250 is off over 30 points at 19,957. “It looks like being a fairly lacklustre end to the week with European …

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Financials Weigh on FTSE 100

Financials Weigh on FTSE 100. The FTSE 100 struggled on Thursday, as it was weighed down by some losses among financial stocks, with miner Lonmin helping to offset that difficulty after a rescue takeover bid was well received by investors. UNDEFINED &m…

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A FTSE 100 ‘must bounce’ level and Friday outlook

Sometimes we wonder at our logic. For instance, the FTSE 100 (UKX) is now regarded as probably going up, but from the point at which it closed Thursday, it’ll probably go down a bit first. Closing the day at 7,448 points, we’ll not be aghast to witness weakness toward 7,431 points, then a bounce.

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Severn Trent Get GBP38.4 Million UK Regulator Outperformance Payment

This – combined with the performance of the company in other areas – resulted in an outperformance payment of GBP38.4 million due to the FTSE 100-listed firm. Ofwat agreed to pay only GBP11.4 million of the payment next year. For the year ended March, …

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Levels to watch: FTSE 100, DAX and S&P 500

The FTSE 100 rally has faltered and dropped back below the 50-day simple moving average (SMA) at 7455. For the time being, this may still be a possible buying opportunity, but the dip will need to avoid moving back below the 200-day SMA (7404). The los…

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Customary Life Aberdeen’s fund administration arm’s belongings…

LONDON, Dec 15 (Reuters) – Standard Life Aberdeen’s fund arm’s assets under management dropped two percent in the first nine months of 2017, it said on Friday, following a cautious reception among investors to its recent merger. Rival Scottish fund managers Standard Life and Aberdeen Asset …

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Asian, European shares fall as markets await US tax deal

Britain’s FTSE 100 dipped 0.1 percent to 7,442.26. Wall Street was poised to open higher. Dow futures rose 0.1 percent to 24,592.00 and broader S&P 500 futures added 0.1 percent to 2,659.20. JAPAN SURVEY: Corporate sentiment in Asia’s second biggest economy is at an 11-year high, according to …

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FTSE 100 housebulider Persimmon’s chairman to resign over 9-figure bonus scheme

This news comes a day after it was discovered Persimmon bosses were set for a large payout. Chief executive Jeff Fairburn alone will receive £50 million. The chairman of Persimmon is to resign, a day after City A.M. revealed that the housebuilder is set to hand over huge payments to its senior team.

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FTSE 100 edges lower ahead of Brussels meeting

Mirroring the weather in the Square Mile, the market made a rather dour start, falling 10 points to 7,437.87 as it took its cue from Wall Street following a rare down day of trading in New York. The market’s focus will be Theresa May’s meeting with EU leaders in Brussels with hope of a formal agreement …

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LONDON MARKET OPEN: Brexit Phase Two In Focus As EU Meeting Concludes

LONDON (Alliance News) – The FTSE 100 seemed to be running out of momentum at the end of the week as it opened lower on Friday, following on from … On the London Stock Exchange early Friday, FTSE 100-listed telecommunications provider BT was among th…

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Asian, European stocks fall as markets await US tax deal

Asian and European share benchmarks were mostly lower Friday as investors shrugged off upbeat data from Japan and waited to see if U.S. politicians could pass tax reform legislation before Christmas. KEEPING SCORE: European shares opened lower. France’s CAC 40 shed 0.4 percent to 5,336.39 …

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LONDON MARKET PRE-OPEN: BT And Sky Reach Deal To Share Channels

In early UK company news, FTSE 100-listed telecommunications provider BT said it has signed a multi-year agency deal to market and sell Sky’s NOW TV service to BT TV customers. NOW TV offers Sky’s “most popular content”, said BT, including Sky Sports, Sky Cinema and the Sky Atlantic channel.

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