Latest News
Directors dealings: Real estate sector execs pick up shares
Friday's sharp drops among shares of UK homebuilders and real estate outfits saw executives from several outfits step-in to pick-up some shares.
UK could fall into a recession after Brexit, say economists
The UK could fall into a recession forcing the Bank of England to ease monetary policy further after the country voted for Brexit on Friday, according to a Reuters poll of economists.
Week ahead: Brexit to continue in the spotlight
Markets were expected to be on post-Brexit watch, with some market-watchers wary of the potential for further market volatility.
London close: Stocks end well off session lows, long-term Gilts surge
Stocks in London finished well off their session lows in the aftermath of the Brexit vote, amid a sharp drop in the pound and a surge in benchmark 10-year Gilts.
Housebuilders slump on Brexit; pharmas, sin stocks gain
Housebuilding stocks were the worst performers on Friday after the UK voted to leave the European Union, with investors concerned that Brexit will trigger a slowdown in the property market.
MPs submit motion of no confidence in Corbyn
Labour party leader Jeremy Corbyn is facing a motion of no confidence after the UK voted to leave the European Union on Friday.
Europe close: Stocks tumble after Brexit vote; FTSE outperforms
The UK’s vote to leave the European Union sparked a bloodbath in European equity markets on Friday, sending the pound tumbling against the dollar and weighing on oil prices, while gilts and gold surged as investors fled to safety.
British football may suffer in transfer dealings after Brexit
British football clubs could be set to suffer in the transfer market after the Leave vote in yesterday's EU referendum. The so-called Brexit passed by with 52% of Britons voting in favour of leaving the European Union.
Norges Bank takes stake in Intermediate Capital Group below 3.0%
Norges Bank notified markets on Friday that it had sold 115,616 shares in specialist asset manager Intermediate Capital Group, taking its stake below the 3. 0% threshold.
Funding Circle SME Income Fund to raise cash amid strong demand
Funding Circle SME Income Fund, a close-ended investment company, announced it had already deployed the majority of its assets and said it would raise cash via the sale of C shares in response to encouraging demand from prospective investors.
IG Group says it managed Brexit exposure "very effectively"; trading in line
Financial spreadbetting firm IG Group said it managed its operations and exposure “very effectively” through Thursday night and into Friday as the UK voted in the EU referendum.
How does Brexit affect expats?
When Article 50 of the European Union treaty is activated by Britain in the coming weeks, a possible two years of negotiations will begin which could cause considerable uncomfort for those Britons living abroad.
US consumer confidence dips in June, University of Michigan says
US consumer sentiment dipped by a little bit more than economists had been expecting in June, but the data continued to point to a moderate rate of growth in consumer spending, according to the results of one of the most widely followed surveys.
FTSE 250 movers: Challenger banks drop; gold stocks rally
London’s FTSE 250 index was down 7% to 16,124. 88 in afternoon trade, underperforming the top-flight index after the UK voted to leave the European Union.
Broker tips: Sophos Group, IAG, Next, M&S
Numis sounded an optimistic note on Sophos Group ahead of the company's Capital Markets Day, pointing to the firm's strong products, a substantial market opportunity and the attractive cash flow yield on offer to back up its arguments.
Numis sees possible share price catalyst on the horizon for Sophos Group
Numis sounded an optimistic note on Sophos Group ahead of the company's Capital Markets Day, pointing to the firm's strong products, a substantial market opportunity and the attractive cash flow yield on offer to back up its arguments.
US open: Equity markets slump on Brexit vote
Stocks on Wall Street fell sharply on Friday as investors reacted to news that UK voters had opted to leave the European Union.
FTSE 100 movers: Housebuilders, banks tumble; Randgold shines
The FTSE 100 was down 3. 5% to 6,114. 73 in afternoon trading, still firmly in the red but well off its earlier lows and outperforming European peers, as investors reacted to news that Britain has opted to leave the European Union.
Credit Suisse cuts targets on M&S and Next
Analysts at Credit Suisse slashed their target prices for Marks&Spencer and Next stock on the back of expectations for lowering economic growth in the UK and weakness in sterling.
Global reaction to EU referendum result
The outcome of yesterday's historic referendum in Britain on the country's EU membership will not only effect those within the British Isles or indeed Europe, but also reverberate around the world. 51% of Britons voted to ditch the EU on Thursday after months of divisive political campaigning in which David Cameron, and now possibly Jeremy Corbyn, were the biggest casualties. Various world political leaders and governments have been giving their reactions to the result, with many expressing disappointment at the outcome.