The UK parliament has finally agreed on an election date: December 12. This news has been greeted with some enthusiasm by traders on the UK 100 . The index was also buoyed this week by optimism around stock markets all over the world, which responded to several positive news feeds from the US-China trade situation….
Investors in Trainline have had a glimpse of the track they’re on, as the train and bus ticket seller revealed its half year results. The results were the company’s first financial statement since its IPO in June, and they revealed a 29% rise in revenue to £129m. It wasn’t enough to negate the costs of…
Ride-hailing firm, Uber, has seen its stock hit an all-time low after its IPO lock-up period ended this week. Its share price is now down to $27.11, a 45% plunge from its opening price when it was listed in a flurry of optimism in May. Investors have taken the opportunity to make a speedy exit…
Challenger bank Metro has made a remarkable return from life support, its share price rebounding by 65%. Up until now, the bank has had a terrible year, and even with the recent stock surge, share prices have lost 87% of their value. Metro’s share price now stands at 245.20p at the time of writing though,…
All the Brexit-related action on the political front did not really translate into anything major for the UK 100 this week. Last week’s bullish momentum was not sustained, as bears took over in a week that has seen more selling than buying. As at the time of writing, the UK 100 futures are trading 67.9…
Christmas postal deliveries could still be under threat as Royal Mail’s latest plea to halt a strike from its workers looks to have fallen on deaf ears. Earlier this month, the Communication Workers Union, which represents more than two thirds of Royal Mail’s workforce, voted overwhelmingly in favour of a strike, due to conflict about…