Shareholders in BP and Shell have struck gold as well as oil, as prices saw their sharpest rise since the first Gulf War, after a drone attack on Abquiq Saudi Arabia processing centre. The attack, which was claimed by Yemen-based Houdi rebels led to a spike in global energy prices and widespread fears for the…
It’s been a stellar year for clothing retailer Next, but its share price still slumped on Thursday when it released its sales figures for the last six months. At Thursday’s close, its share price stood at 5820p, a fall of 5.4%, after it highlighted a slow start to Autumn sales thanks to unseasonable weather. The…
On Thursday, the Bank of England (BoE) voted unanimously to leave the benchmark interest rate and its asset purchase facility unchanged. The BoE took note of Brexit-related uncertainties and its concerns for global growth in making its decision. However, many experts from firms such as Rabobank and ING have noted that the narrative in the…
The UK 100 had had a positive run this week, buoyed by UK GDP figures and manufacturing production data that showed that the UK economy was growing, buoyed by an increase in economic activity in the manufacturing sector. After having hit week highs of 7387.32, profit taking has set in and the UK 100 is…
EasyJet operates more than 1,000 routes in over 25 countries and is a popular airline for many travellers looking to travel quickly and easily. But for investors, the airline industry has not always been easy to navigate. The industry can be very volatile, depending on numerous factors that are currently prevalent in the UK including…
Discount sportswear chain Sports Direct has scored a spectacular own goal this week after auditor Grant Thornton quit, leaving the chain just one week to find a new firm. It’s the latest incident in a cloud of controversy for the retailer – it’s AGM on Wednesday promised scandal before it had even started when founder,…