HSBC and Standard Chartered shares jump despite profit slides
Shares in HSBC jumped 3.6% on Wednesday despite it revealing a 29% slide in profits to $9.7bn for the first half.
FTSE 100
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ARM single-handedly lifts FTSE
A 42% rise in ARM Holdings shares to 1699.5p lifted an otherwise lacklustre FTSE 100 into positive territory on Monday.
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Burberry surges but house builders hold FTSE back
Burberry Group shares spiked by over 7% on Wednesday after a better than expected sales update was released to the market.
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Sterling leaps as PM appointment soothes markets
Sterling leapt 1.4% today as markets welcomed the restoration of some stability in British politics following the referendum on European Union membership.
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Asset managers ‘monitoring situation’ as property fund fears grow
Asset managers with large UK property funds are weighing up their responses to a spike in redemptions.
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UK dividend cover hits lowest level since ‘09
The dividend cover ratio across British companies has fallen to just below 1x, the lowest since the end of the last recession in 2009, according to The Share Centre.
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Gilt yields go negative for first time
Gilt yields have gone negative for the first time in the wake of Mark Carney’s speech on the economy yesterday afternoon.
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Life companies still vulnerable despite share rally
Companies in the life insurance sector will continue to be vulnerable to further market shocks in the aftermath of the Brexit vote despite a rally in shares, research has shown.
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FTSE continues its bounce back
The FTSE 100 put on another 2% in morning trading on Wednesday following yesterday’s 2.6% climb.
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PA ANALYSIS: How wealth managers are trading as the FTSE fights back
Chin-up, dear investor. Brexit has not necessarily been the disaster for the FTSE as was predicted, and could actually be a great opportunity for UK-facing active managers.
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Sterling and FTSE climb back after record falls
The British pound and FTSE 100 both bounced significantly after record falls during frantic trading in the wake of the United Kingdom’s decision to exit the European Union.
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FTSE yo-yos as UK goes to the polls – Updated
Markets were not as sure about the referendum result as the bookies on Thursday, with equities and sterling both slipping back during the afternoon following big climbs in the morning.
