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Top StoriesFTSE 100 Ends Higher as Miners Shine, Ted Baker Soars on Buyout Deal
Top StoriesHeathrow Airport Expects 16 Million Passengers in July-Sept
InvestingFTSE 100 Hovers Near Two-Month Highs as Commodities, Banks Gain
Top StoriesFTSE 100 Dented by Wall St Losses, Plunge in Ad Firm Wpp
London Stock Exchange Says Refinitiv Costs and Savings on Track
Date: August 5, 2022
By Huw Jones LONDON (Reuters) -London Stock Exchange Group’s (LSEG) cost and savings targets for integration of data company Refinitiv are on track, it said after half-year results and the launch of a larger than expected 750 million pound ($911 million) share buyback. Investors are closely monitoring the integration of Refinitiv, which LSEG bought for...
Wpp Boosts Sales Outlook but Falls Short of Investors’ Expectations
Date: August 5, 2022
By Sachin Ravikumar and Joice Alves LONDON (Reuters) -WPP upgraded its annual net sales outlook on Friday thanks to higher client spending but shares in the world’s largest advertising group slid nearly 8% as the news failed to excite investors expecting stronger forecasts. The results come as investors and analysts look to gauge how advertising...
London Shares Fall as Energy Stocks Weigh
Date: August 5, 2022
By Shreyashi Sanyal (Reuters) -UK shares fell on Friday, with energy stocks leading the declines, a day after the Bank of England raised interest rates by the most in 27 years. The FTSE 100 index dipped 0.1%, while the midcaps index edged 0.1% higher. The FTSE 100 index ended flat on Thursday after the British...
Bumper Earnings From Bp Help Steady FTSE 100
Date: August 2, 2022
By Sruthi Shankar (Reuters) -UK’s blue-chip index edged higher on Tuesday, as strong results from oil major BP helped counter worries in global markets due to a flare-up in U.S.-China tensions. The FTSE 100 erased opening losses to edge up 0.2%. Other main European indexes slid on worries that a visit by U.S. House of...
London’s High Court Rules Against Venezuela’s Maduro in $1 Billion Gold Battle
Date: July 29, 2022
By Marc Jones LONDON (Reuters) – London’s High Court has rejected President Nicolas Maduro’s latest efforts to gain control of more than $1 billion of Venezuela’s gold reserves stored in the Bank of England’s underground vaults in London. The court ruled on Friday that previous decisions by the Maduro-backed Venezuelan Supreme Court, aimed at reducing...
UK Dividends Could Hit $115 Billion in 2022 on Weak Sterling – Report
Date: July 27, 2022
By Joice Alves LONDON (Reuters) – UK-listed companies could make $115 billion in dividend payments this year, the most since before the pandemic, with sterling weakness expected to boost the translated value of dollar-declared payouts, according to analytics company Link Group report. Link Group expects headline dividend growth of 2.4% year-on-year to 96.3 billion pounds...