Markets

The long and short of it: Review of markets March 2020

The long and short of it: Review of markets March 2020

The beginning of a period of unprecedented social lockdown that will mark a moment in human history. This is not to say that the economic impact is necessarily going to be as harsh as in the Great Financial Crisis of 2008 or change the political map like the fall of...

Investec scraps IPO sale of Ninety One stock in turmoil

Investec scraps IPO sale of Ninety One stock in turmoil

Investec has decided against selling a 10% stake in its funds division Ninety One as part of its planned listing of the business next week.  Investec emphasised that the planned listing on the London Stock Exchange remained on track for 16 March, but it...

FTSE falls 7.9% as US stocks trigger suspension after oil crash

FTSE falls 7.9% as US stocks trigger suspension after oil crash

Update: The FTSE 100 has fallen back under the 6,000 mark after a 7% plunge at the US open triggered a suspension to dealing on US stock markets. The UK blue-chip index was down 478 points, or 7.4%, at 5,983, as dealing on US stock markets was halted for 15...

Can better buses solve Britain’s productivity problem?

Can better buses solve Britain’s productivity problem?

‘Investment, be it in human capital or physical infrastructure, must be the way to level the country up’. The UK has a productivity problem, everyone agrees that. Since the financial crisis of 2008-09, growth of output per worker has remained pretty much flat. Output...

Aviva lobbies FCA to change advice-guidance boundary

Aviva lobbies FCA to change advice-guidance boundary

Life and pensions giant Aviva is directly lobbying the regulator about its concerns over the boundary between regulated advice and guidance, New Model Adviser® can reveal. Last week, the Association of British Insurers (ABI), of which Aviva is a member,...

FTSE climbs in choppy trading as US opens higher

FTSE climbs in choppy trading as US opens higher

Update: The FTSE 100 has climbed back into positive territory in a choppy day of trading, helped on its way by US stock markets opening higher. The UK blue-chip index rose 81 points, or 1.3%, to 6,662, up from a low of 6,503 reached after the Organization for...

The long and short of it: Review of markets February 2020

The long and short of it: Review of markets February 2020

Even though 2020 is a leap year, I do not think many people will have been glad of the extra day in February. It has been a fairly miserable month; storms have raged, locusts have swarmed and coronavirus is causing pandemonium. You could be forgiven for thinking it is...

FTSE swings into red on OECD’s global growth warning

FTSE swings into red on OECD’s global growth warning

Update:  (12:00) Growth warning knocks FTSE FTSE 100 has swung into the red, giving away gains made at the open after the Organization for Economic Co-operation and Development (OECD) warned global growth could halve this year due to the coronavirus...

FTSE dives 3% as rout on coronavirus fears deepens

FTSE dives 3% as rout on coronavirus fears deepens

The FTSE 100 has tumbled, sliding deeper into correction territory as fears over the spread of the coronavirus continued to grip investors. The UK blue-chip index fell 203 points, or 3%, to 6,592 after a heavy sell-off in US markets overnight, with the S&P...