WTI crude rallies to $100 a barrel
Just as we saw during the Arab Spring of 2011, oil prices are currently rising on the back of concerns that the supply from the region could be affected by the current political unrest in Egypt. While Egypt only More...
Central Banks meetings to dominate tomorrow’s trading
Tomorrow morning the Bank of England and the European Central Bank will hold their monthly meetings. While the monthly meetings of two of the world’s largest and most influential financial institutions would More...
FTSE 100 declines again on concerns for political stability
The FTSE 100 fell by 1% during today’s trading for a wide range of reasons but the biggest impact felt came from Portugal and Egypt, where political stability is currently under threat for very different More...
FTSE 100 declines, ITV subject of takeover speculation
FTSE 100 closed that 6303.94 today, declining by 3.84 points, a fall of 0.06%. London’s blue-chip index fought back from earlier declines, peaking just above its previous closing price shortly before 3 PM More...
Ocado shows signs of growth yet losses increase
The online food retailer Ocado has filed losses of £3.8 million, despite showing growth in almost every measurable area. The company, which was recently bought out by Morrisons, attributed the losses to the opening More...
Best month for UK manufacturing in two years
The month of June saw the best performance in UK manufacturing for two years according to the Markit/CIPS purchasing managers index, also known as the PMI. The index concluded the month at 52.5, a peak that it More...
FTSE 100 rises as fed concerns ease once again
The FTSE 100 gained 92.31 points during the first trading session of the week, closing at 6307.78, a rise of 1.49%. This was its biggest single day advance in more than a month, driven by negative employment data More...
Mark Carney takes the lead at the Bank of England
Mark Carney today took over as the governor of the Bank of England, becoming the first foreign governor of the central bank, which is over 300 years old. Carney is taking the place of Sir Mervyn King who has More...
US stocks close mostly down, best first half performance in 15 years
US stocks were mostly down Friday, however spirits were high in New York as indices finished the first half of the year with their best results since 1998. The record breaking first half was driven by quantitative More...
European Union decides upon approach to bank bailouts
The European Union has announced the first proposal for how to handle failing banks in the future, while affecting citizens as little as possible. Up until now it has generally been the taxpayers that have footed More...