All the Brexit-related action on the political front did not really translate into anything major for the UK 100 this week. Last week’s bullish momentum was not sustained, as bears took over in a week that has seen more selling than buying. As at the time of writing, the UK 100 futures are trading 67.9…
Christmas postal deliveries could still be under threat as Royal Mail’s latest plea to halt a strike from its workers looks to have fallen on deaf ears. Earlier this month, the Communication Workers Union, which represents more than two thirds of Royal Mail’s workforce, voted overwhelmingly in favour of a strike, due to conflict about…
The pharmaceutical market looks unphased by the current economic storm, with medicine giants GlaxoSmithKline and AstraZeneca both revealing strong Q3 results. GlaxoSmithKline reported a 16% rise in group sales for the quarter to just under £9.4 bn, providing a great tonic for investors. Share prices were up to a six year high after the results…
Oil giant Shell’s share price plummeted four per cent after the release of its Q3 results, which revealed profits were down 15% compared to the same time last year. Weaker oil prices have had a big impact for Shell, plus as the world becomes more environmentally aware, oil producers are falling out of investors’ favour…
Tech firm Tesla has shocked investors by driving into the black with its latest results. Elon Musk’s firm has posted its first quarterly profit in nine months with earnings of $143 million in the three months to September. The news sent shares rocketing 17% to $297.57 despite the firm’s $1.1 bn loss in the first…
Premier Inn owner, Whitbread, looks to be feeling the effects of Brexit uncertainty as it revealed a profit slump in its latest half-yearly report. The hotel and leisure chain announced that pre-tax profits were down by 7.1 per cent to £220m compared to £237m the previous year. The chain has attributed the loss to a…