Tag: FTSE 100

FTSE falls to 6-week low, hopes pinned on US

FTSE falls to 6-week low, hopes pinned on US

The UK’s FTSE 100 index dropped to a 6-week low today as the euro zone debt crisis continues to weigh heavily on investors minds, despite the imminent bailout for Ireland. The index lost 36 points to 5,644.48 by 8:57 am after earlier falling to 5,614.65 - its lowest since the beginning of October. So far [...]

November 23, 2010 | 0 Comments More
Irish bailout brings political uncertainty

Irish bailout brings political uncertainty

The emergency bailout for Ireland has resulted in political uncertainty after the Green Party (a partner in the Government) called for a general election. The Green Party’s leader, John Gormley, said: “We have now reached a point where the Irish people need political certainty to take them beyond the coming two months. “So, we believe [...]

November 22, 2010 | 0 Comments More
US Federal Reserve expected to introduce further QE

US Federal Reserve expected to introduce further QE

The FTSE 100 received a boost today after speculation that the US Federal Reserve will provide extra stimulus to strengthen the economy. The news emerged from the Fed’s minutes from the most recent FOMC meeting, which cheered investors. The FTSE closed up 85.76 points, at 5,747.35 - its highest closing level since April 26, and [...]

October 13, 2010 | 0 Comments More
Study reveals FTSE bosses enjoy 5% pay rise

Study reveals FTSE bosses enjoy 5% pay rise

Directors at FTSE 100 companies continue to see a rise in their salaries despite a fall in their share price. The Total Remuneration Survey 2010, conducted by pay consultancy MM&K and the proxy voting agency Manifest, shows chief execs at the UK’s top 100 listed companies have seen their pay rise 5% since 2008 - [...]

July 5, 2010 | 0 Comments More
Pound gains on dollar despite hung parliament

Pound gains on dollar despite hung parliament

Despite Friday’s general election result, which failed to give any political party a clear majority, sterling has gained on the US dollar today, while London’s FTSE recovered from the sharp falls on Friday. The pound rose by nearly a cent against the dollar to $1.4865 but fell against the euro to 1.1510 euros. The pound [...]

May 10, 2010 | 0 Comments More
London’s  FTSE surges to 16-month high

London’s FTSE surges to 16-month high

London’s FTSE 100 reached a 16-month high today boosted by strong Chinese export and import figures. The index gained 61.61 points to 5,595.85 just after 9:00am British time today - a level last seen in September 2008. The FTSE hit a low point in March 2009 of 3512 but appears to be making a strong [...]

January 11, 2010 | 0 Comments More
FTSE 100 adds 22% in 2009

FTSE 100 adds 22% in 2009

Despite the doom and gloom in 2009, London’s FTSE added 22% over the course of the year - the biggest annual gain since 1997. Similar gains were seen in Europe with Germany’s Dax gaining 23% and France’s Cac added 22%. The FTSE 100 hit a low point in March 2009 of 3512 but ended 2009 [...]

January 3, 2010 | 0 Comments More
Blue-chip firms in record rights issues in 2009

Blue-chip firms in record rights issues in 2009

The FTSE 100 index closed at 5437.61 points yesterday - a level not seen since prior to the collapse of Lehman Brothers in September 2008. However, in March this year, the index hit a 6-year low of 3,461 and despite the recent rally, it is still a long way off the 6,700 mark it reached [...]

December 30, 2009 | 0 Comments More
Soaring gold prices sends FTSE to 2009 high

Soaring gold prices sends FTSE to 2009 high

London’s FTSE 100 rose to its highest level this year after the price of gold hit a fresh record high today of $1,132.95 an ounce. Increasing demand from emerging markets has been pushing up the price of the precious metal over recent weeks. Furthermore, gold traditionally rises during the October to December period as the [...]

November 16, 2009 | 0 Comments More
FTSE 100 falls below 5,000 mark

FTSE 100 falls below 5,000 mark

The UK’s FTSE 100 share index fell below the 5,000 mark today due to the overhaul of the UK’s banking sector. At 11:42 am, London’s FTSE 100 index was 111.56 points lower at 4,992.94, dipping below the 5,000 level for the first time since early October. Earlier today, the Treasury confirmed plans for Royal Bank [...]

November 3, 2009 | 0 Comments More
FTSE 100 bosses see fall in bonuses

FTSE 100 bosses see fall in bonuses

FTSE 100 chief executives have still received sharp increases in their salaries despite the recession, according to pay analysts, Incomes Data Services (IDS). Over the last 12 months, the top bosses at the top 100 companies saw average salary rises of 7.4% - many times the rate of inflation. However, IDS said bonuses have fallen [...]

October 26, 2009 | 0 Comments More
FTSE 100 reaches 2009 high

FTSE 100 reaches 2009 high

The FTSE 100 Index rose to 5231.16 today - a new record for the year to date. London’s FTSE responded to strong gains seen on the Dow Jones Industrial Average last Friday, which hit a 12-month high. Since its low point in March this year, the FTSE 100 Index has risen around 50% with companies [...]

October 12, 2009 | 0 Comments More
Interest rates expected to remain on hold

Interest rates expected to remain on hold

The Bank of England’s Monetary Policy Committee is expected to keep interest rates at the historically low level of 0.5% today. The decision, due at 12pm today, will be the sixth consecutive month that rates have remained at this level. Prior to that, the Bank embarked on aggressive rate cuts in order to boost the [...]

September 10, 2009 | 0 Comments More
FTSE 100 closes above 5,000 mark

FTSE 100 closes above 5,000 mark

London’s FTSE 100 index closed up 57 points today at 5004.30 - the highest level since 3rd October 2008. Shares across Europe have also performed well, with France’s Cac 40 index gaining 1.3% and Germany’s Dax index rising 1.7%. In the US, the Dow Jones industrial average was up 63.94 points at 9,561.28 in late-morning [...]

September 9, 2009 | 0 Comments More
Barclays Wealth extends Regular Income Bond

Barclays Wealth extends Regular Income Bond

Barclays Wealth has relaunched its Regular Income Bond with an increased term of six years. The bond, which is linked to the FTSE 100, was previously offered on a five-year term. Returns on the bond are fixed at 7% annually, or 0.57% per month, irrespective of index performance. A capital guarantee is also included, provided [...]

August 26, 2009 | 0 Comments More
FTSE 100 soars to 10-month high

FTSE 100 soars to 10-month high

Positive economic news and hopes of a global recovery boosted the FTSE 100 again today after the index soared to a ten-month high and smashed through the 4,900 mark. The gains followed those seen in Asia earlier today, which were spurred on by Federal Reserve chairman Ben Bernanke’s comments last Friday. Mr Bernanke’s comments came [...]

August 24, 2009 | 0 Comments More
Recovery hopes lift sterling and FTSE 100

Recovery hopes lift sterling and FTSE 100

Sterling and the FTSE 100 index of leading shares both rose today on the back of growing hopes for an economic recovery. The FTSE jumped by 76.85 points to 4,685.21 - the highest level since October with Barclays and HSBC leading the banking sector after reporting first half profits earlier today. Meanwhile, sterling climbed to [...]

August 3, 2009 | 0 Comments More
Nationwide guarantees returns on combination savings

Nationwide guarantees returns on combination savings

Nationwide this week launched a new savings account for customers looking for both short-term and long-term returns. The Guaranteed Combination Plan combines a one-year 4% fixed-rate bond with a six-year equity bond linked to the stock market. The equity bond, provided by Legal & General, tracks the FTSE 100 Index, the DJ EuroSTOXX 50 Index, [...]

June 17, 2009 | 0 Comments More
Alliance & Leicester offers guaranteed investment products

Alliance & Leicester offers guaranteed investment products

Alliance & Leicester has launched two new guaranteed investment products. Both the Guaranteed Growth Plan (Issue 20) and the Guaranteed Capital Plus (Issue 7) come with a capital guarantee and a minimum return if held for the full term. The products are available until 18 March 2009, and have a minimum investment of £1,500. The [...]

March 10, 2009 | 0 Comments More
UK banking shares continue to take a battering

UK banking shares continue to take a battering

The FTSE 100 Index is in danger of falling below the 4,000 mark as banking shares continue to fall as a wave of bad news continues to hit the UK economy. Shares in Barclays took another pounding today. At one point, the stock was down 33% to 48p - the lowest level since 1985. However, [...]

January 21, 2009 | 0 Comments More