Tuesday: London’s top share index closed slightly lower as big global investors looked for direction after last week’s wild swings.
The pound was continuing to trade at a one-year high against the US dollar early on Wednesday..
Global rally stumbles
Markets suffered their biggest falls of the year as investors fretted over delays to President Trump’s plans to boost the economy….
Pound and FTSE rally on Remain hopes
Tue close: Shares extended gains on Monday on growing expectations that Britain will vote to remain in the European Union. READ MORE
The US Federal Reserve yesterday decided to keep interest rates at between 0.25% and 0.5%, as affairs overseas affect domestic policy. READ MORE
Clydesdale flotation has sparked interest
Scottish businesses are showing an increased interest in the IPO market against a generally subdued level of activity. Analysts at EY say there is a growing appetite for stock marketRead More
Fri close: Oil prices held above $40 with Brent crude rising 0.57% to $41.78 per barrel and West Texas Intermediate slipping 0.05% to $40.18. Prices have risen more than 50%Read More
AG Barr and Britvic were big losers after Chancellor George Osborne announced a tax on sugary drinks in Wednesday’s Budget. Barr, maker of Irn-Bru, fell 29.5p or 5.46% to 512pRead More
Stocks rallied as they digested the Budget and jobs data. The FTSE 100 closed higher on broadly positive measures to help business. Housebuilding stocks rose after the Chancellor announced plans toRead More
Tue close: Oil prices retreated after Opec said global demand is lower than expected. The producers’ comments clipped 2.6% off Brent Crude, down to $38.51 a barrel, while West Texas Intermediate fell 2.9% toRead More