The pound rebounded from Brexit uncertainty on Friday to notch up modest gains as the week came to a close.
London’s top flight ended in negative territory on Tuesday as disappointing results from HSBC helped drag the index into the red.
Footasylum’s huge share price rise added a kick to an otherwise quiet London market on Monday, as global equities lacked volatility with the US markets closed.
The FTSE 100 edged higher on Friday on renewed hopes of a US-China trade deal, while the Royal Bank of Scotland was a standout performer following better than expected results.
The pound shrugged off the Bank of England’s warnings of weaker economic growth on Thursday, making gains on the US dollar and the euro as talks with the EU resumed.
The FTSE 100 rallied on Tuesday led by oil giant BP as the pound weakened and investors shrugged off concerns about eurozone economic growth.
London’s blue-chip index was relatively subdued on Monday as a lack of political and economic news failed to excite traders.
Top-flight shares in London were the standout performers in Europe on Tuesday as investors snapped up oil and tobacco stocks.
The pound and the markets ended Monday in a gloomy mood as traders remained nervous over geopolitical developments.
London’s top-flight stocks were bolstered by a weaker pound and upbeat global markets on Friday, as progress appeared to be made in trade relations between the US and China.
Top-flight shares in London ended the day lower on Wednesday, with consumer goods giant Reckitt Benckiser among the biggest fallers after the announcement of its chief executive’s departure.
Sterling was in a resilient mood on Wednesday, holding onto gains ahead of a Parliamentary no-confidence vote on Theresa May’s Government.
The pound has held firm on hopes over a Plan B for Brexit as Prime Minister Theresa May fights off another challenge to her leadership.
The FTSE 100 pared losses on Thursday thanks to the weak pound while global indexes declined as previous investor optimism around US-China trade relations cooled.
The FTSE 100 followed global stock markets higher on Wednesday, buoyed by the conclusion of trade talks between the US and China.
The FTSE 100 rallied on Friday as investors grew optimistic over US-China trade relations, while the pound strengthened on better-than-expected UK services data.
The FTSE 100 index closed at its lowest level in two years on Christmas Eve as an attempt by the US treasury secretary to reassure investors mis-fired.
Sterling was higher on Friday as the UK economy kept up with expectations, but uncertainty still hovered over the markets after a rough week.
The FTSE 100 edged lower on Thursday as the Fed inspired sell-off in the US dragged London’s blue-chip index into the red.
Weakness in the commodities markets weighed on London’s blue-chip index on Tuesday, while a stable pound put further pressure on top-flight shares.
Top-flight stocks in London were boosted by rising oil prices in Friday trading, but observers said a recovery could not make up for the “dreadful” week on the markets.
Blue-chip London stocks were feeling the knock-on effects of a gloomy mood in the US on Wednesday, with the Wall street hangover sending European markets into the red.
Political uncertainty continued to weigh on top-flight stocks and the pound on Tuesday, amid further tensions over Brexit and global trade.
Wood’s shares lifted yesterday after the energy service giant revealed its takeover of Amec Foster Wheeler (AFW) would generate bigger cost savings than previously anticipated.
As the former chief executive of FTSE 100 firms Rentokil and Unilever’s China and Taiwan operations, Alan Brown is more than familiar with challenges.
London’s blue chip index edged out of the red on Thursday as US president Donald Trump played down the prospect of an attack in Syria.
The pound has been sent to one-week highs on the back of strong UK manufacturing and industrial data that outstripped economist expectations.
Oil major BP said it was “too early” to understand what implication as decision by the UK to leave the European Union would have.
Stock markets around the world have plummeted after the UK voted to leave the European Union.
Oil and gas services company Petrofac maintained its full-year profit outlook as its core engineering and construction division continued its strong performance.