The UK 100 was able to stage some form of recovery this week on the back of generalized positive sentiment in global stock markets. The only bleep for the week occurred on Tuesday when news of UK PM’s hospitalization hit the markets. However, this was quickly shaken off and positive sentiment continued to lift the…

Fashion favourite, ASOS, saw a share price surge of over 28 per cent after it announced it had raised £247m from shareholders to see it through the current crisis. The online retailer has been significantly affected by the global pandemic as the closure of other brands high street stores have failed to translate to an…

Cineworld could have pulled the curtains on its recent horror show, after announcing a survival plan which has seen its shares soar by 40 per cent. The group, which runs 102 cinemas in the UK and Ireland, will suspend its dividends and bosses are to defer salaries and bonuses for a year in a bid…

Supermarket giant Tesco saw a share price slump of four per cent after its results revealed that the coronavirus situation has taken its toll on costs. In its full year results, Tesco showed underlying profits of £1.32 billion for the past year, along with a 30 per cent sales surge over the last few weeks,…

The UK 100 was able to stage some form of recovery this week on the back of positive sentiment in the market which arose from expectations that the various stimulus packages from the Bank of England and the US government would start to kick in. However, upside moves remained limited due to the expanding scope…

It’s been a bad week for UK banks after the Bank of England asked for widespread dividend suspensions leading to share price crashes. The pressure to postpone dividend pay-outs till the end of the year is a bid to preserve cash so that banks have maximum funds available to help UK businesses weather the economic…