The UK market action for the week has been dominated by Brexit-related headlines. The UK Supreme Court nullified the prorogation order and paved the way for the UK Parliament to resume sitting. The week started with the troubling news of the collapse of Thomas Cook, the world’s oldest travelling agency. This news, coupled with a…
Luxury fashion brand Burberry earned kudos in the style stakes and on the stock market after its carbon-neutral London Fashion Week show attracted wide-spread accolades. Shares shot up by 37p, now standing at 2137p at the time of writing. The fashion house has seen a long period of uncertainty recently, as it implements a revised…
Shareholders in BP and Shell have struck gold as well as oil, as prices saw their sharpest rise since the first Gulf War, after a drone attack on Abquiq Saudi Arabia processing centre. The attack, which was claimed by Yemen-based Houdi rebels led to a spike in global energy prices and widespread fears for the…
It’s been a stellar year for clothing retailer Next, but its share price still slumped on Thursday when it released its sales figures for the last six months. At Thursday’s close, its share price stood at 5820p, a fall of 5.4%, after it highlighted a slow start to Autumn sales thanks to unseasonable weather. The…
On Thursday, the Bank of England (BoE) voted unanimously to leave the benchmark interest rate and its asset purchase facility unchanged. The BoE took note of Brexit-related uncertainties and its concerns for global growth in making its decision. However, many experts from firms such as Rabobank and ING have noted that the narrative in the…
The UK 100 had had a positive run this week, buoyed by UK GDP figures and manufacturing production data that showed that the UK economy was growing, buoyed by an increase in economic activity in the manufacturing sector. After having hit week highs of 7387.32, profit taking has set in and the UK 100 is…