Latest News
US close: Stocks end firmly lower on Brexit worries
US stocks closed firmly in the red on Monday as investors continued to worry about the impact of Britain’s decision to leave the European Union.
Sector movers: Real estate and financial services shares weigh the most
Falls among smaller UK-focused shares weighed the most on the stockmarket, taking the second-tier FTSE 250´s cumulative two-day decline to 14% - its biggest since 1987.
Tuesday preview: All eyes on Brussels and Westminster
While keeping one eye on the newsflow out of Brussels and Westminster, on the off-chance, but not impossible, possibility of a break in the clouds in the ongoing tensions between the two capitals, investors would also be keeping tabs on the ongoing flow of economic data.
S&P downgrades UK debt rating by two notches to AA
Ratings agency Standard&Poor´s stripped the UK´s sovereign long-term debt of its top AAA rating, downgrading it by two notches to AA.
Europe close: Brexit continues to weigh on continental markets
European stocks extended their losses on Monday, while the pound fell to a fresh 31-year low and gilts rallied further, as investors tried to gauge the impact of the UK’s decision to leave the European Union.
Fishing Republic raises over £3.7m on share placing
Fishing tackle retailer Fishing Republic said on Monday it raised over £3. 75m through a "heavily-oversubscribed" placing of over 10m ordinary shares of 1p each at a price of 35p per placing share on AIM, the London Stock Exchange’s junior market, against the backdrop of sharp falls in the wider marketplace.
London close: Stocks still trying to find their footing
London stocks took another hit, with traders for now largely ignoring attempts by George Osborne to reassure global investors, as financial markets continued to look for answers to the current uncertainty, both economic and political.
Broker tips: ITV, Randgold Resources, Fresnillo, UK banks
Nothing had changed with respect to ITV's fundamentals following Brexit despite the approximately 20% share price drop on 24 July, analysts at Liberum said, as they stood by their 'buy' recommendation and 375p target on the stock and singled it out as a 'top-pick'.
Donald Trump predicts European Union demise
US presidential candidate Donald Trump has used his crystal ball to predict the break up of the European Union, in an interview with The Times. Britain voted to leave the bloc during a referendum held last Thursday with a majority of 52% voting for a Brexit.
US May trade deficit points to weakness in parts of economy
The US trade deficit increased by more than economists had expected in May, which was a possible indication of weakness in parts of the US economy according to some economists.
Circle Property agrees new £50m facility with RBS
Specialist UK regional property investment, development and management company Circle Property announced the agreement of a new £50m revolving facility with Royal Bank of Scotland in Monday, for the purpose of refinancing at a lower cost £39m of Circle Property Unit Trust current facilities, as well as providing capital for further acquisitions.
Mortgage Advice Bureau works to reassure investors post-Brexit
One of the UK’s largest house lending consumer intermediaries and specialist Appointed Representative Networks, Mortgage Advice Bureau, released commentary on the outcome of the Brexit referendum result on Monday.
Business groups lobby for access to the single market in Brexit talks
Business groups are to meet with the business secretary on Tuesday to lobby for assurances in Brexit negotiations to secure Britain’s industrial future and to avoid economic limbo.
Gibraltar proposes that only England and Wales leave the EU
Gibraltar's prime minister has affirmed that on Monday he will look for a way to protect the status of his region as being within the European Union, following Brtain's vote to leave the bloc last Thursday.
How Brexit will affect your personal finance
The British people voted to leave the European Union last Friday amid a storm of bitter and divisive campaigning, that for the most part was built on accusations, negative focus and at times downright dishonesty. As such, in the case of many the full effects of what they had voted for did not become clear until it was too late. Here we have a lowdown from BBC on how your personal finance may be affected in the future, with reagrds to various differing aspects.
InterQuest Global issues Brexit profit warning
Specialist recruiter in the technology, analytics and digital market InterQuest Global posted a trading update on Monday, ahead of its interim results for the six months to 30 June, and warned of Brexit-related uncertainty.
Medilink-Global swings to profit in final results
Electronic healthcard network services provider Medilink-Global reported its final results for the 2015 calendar year on Monday, with total revenue increasing 10% to £1. 54m.
Directors dealings: Hikma chief dips back in after gout victory
Hikma Pharmaceuticals chief executive Said Darwazah has further boosted his stake in the company with a huge £3. 3m purchase of shares.
US open: Stocks slide on Brexit fears; dollar gains more ground
US stocks opened in the red on Monday, taking their cue from heavy losses in Europe as investors continued to worry about the impact of Britain’s decision to leave the European Union.
FTSE 250 movers: Banks and housebuilders sinking on Brexit
The FTSE 250 was well below the waterline in afternoon trading on Monday, with the market largely ignoring attempts to reassure the market by Chancellor George Osborne after last week's UK vote to leave the European Union.