The price activity on the UK 100 this week marks the steepest one-week decline in more than a decade after two events created a global market shock. The world woke up to the news of the collapse of the Saudi-Russia alliance, effectively marking the end of OOEC + as a group after the core OPEC…
Oil prices have taken a hammering this week, sending BP’s share price into freefall – down almost 20 per cent at one point, now back up to 283.68p at the time of writing. The threat of an oil price war is looming ever closer after the Saudi energy ministry requested that Saudi Aramco increase its…
Construction giant, Balfour Beatty received a budget boost when the chancellor revealed an increase in infrastructure spending, with shares raising as much as 19 per cent this week. Most of that gain has been wiped out now, in the latest bout of coronavirus fears and share prices are standing at 246.11p, so could Balfour Beatty…
Despite strong financial results, Computacenter has suffered from this week’s UK Index bloodbath with a 12 per cent share price fall after it posted a note about the potential impact of coronavirus. The computer services group posted great results for 2019 – pre-tax profit jumped by 30.4 per cent to £141m and revenue increased by…
Market activity on the UK 100 continued to be dominated by coronavirus The selloff on the UK 100 continued this week after last week’s bloodbath. The week started where it ended the previous week, with more cases of the novel coronavirus (nCOVID-19) being reported around the world. Wednesday saw some reprieve for the global…
Insurance giant, Aviva, was one of the UK 100 ’s gains this week, seeing its stock rise almost four per cent after reporting operating profits of £3.2 billion. Before the results, Aviva had seen a week-long slump to its share price thanks to widespread flooding and coronavirus fears. The results looked solid all round with…