FTSE 100 marks 5-week high on Fed-fuelled rally
London stocks ended at a five-week high on Thursday as investors took comfort from the Federal Reserve’s decision to hold off a US rate hike the previous day
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London stocks ended at a five-week high on Thursday as investors took comfort from the Federal Reserve’s decision to hold off a US rate hike the previous day
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Also, Sports Direct, Enquest, Pearson, Hurricane Energy
London shares closed higher on Thursday led by Britain’s biggest tech deal of the year and an advance by oil prices
London stocks were dominated by gains from miners for a second time in a week while forecast-beating UK retail sales data put Brexit fears in the shade to give blue-chip stocks a firm close on Thursday
Ex-div stocks are weighing on the Footsie, which was barely in positive territory
UK taxpayer funded banks have so far reportedly refused to pass the rate cut on
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For analysts at Liberum there were some “causes for concern” at British Airways owner IAG
London shares recovered to close firm on Friday, after a session most spent in negative territory, after a strong performance from financial stocks, especially bank Barclays
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A look at some broker upraded and downgraded on Friday
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Liberum offers its stock tips should the UK decide to leave the EU or should it decide to stay
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Cuts to the price targets of Next and Frankie & Benny’s owner Restaurant Group were the highlights of a fairly quiet Monday on the broker front
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UBS upgrades gas and electricity firm Centrica, while Berenberg moves Aveva Group the other way
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UK shares went higher on Thursday, but small caps were making slightly better ground than Footsie.
FTSE AIM All-share added 0.19% to 732.6, while FTSE100 was three points better at 6,367, another new high for the year.
UK small caps were outshining big caps in early deals with copper junior Weatherly International PLC the runaway gainer.
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PureTech Health told investors it had expanded its focus on microbiome-based interventions
Small cap shares were doing better than the bigger FTSE100 on Thursday, with Fastnet Equity among notable gainers..