|Day's range||6,806.94 - 6,902.19|
|52-week range||6,673.60 - 7,903.50|
, the UK aero-engine group, sought to reassure investors its trading was in line with expectations on Wednesday, as it reconfirmed its guidance for profit and free cash flow for the year. Specifically, it expects group operating profit to be around £400m, plus or minus £100m, with free cash flow expected at £450m, plus or minus £100m. The company, which has been struggling with performance issues on some of its new engines, said that, as previously indicated on October 26, it still expected to deliver around 500 large engines this year but lower than the 550 large engines it had previously projected in March.
NEW YORK (AP) — U.S. stocks careened between big gains and losses on Tuesday before indexes ended the day mixed, the latest dizzying run for a market that's been dominated by them in recent months.
Asian markets closed mixed on Tuesday following Monday’s wild ride in US equities. Indices in the EU were up an average 1.75% in early Tuesday. The trade news from China helped lift US indices in early Tuesday trading.
“It’s impossible to predict the outcome,” Nigel Bolton, head of the European equities team at BlackRock Inc., said at a London briefing on Tuesday. U.K. stocks and the pound have whipsawed on Brexit developments, with both sliding on Monday after Prime Minister Theresa May delayed Parliament’s vote on her divorce deal. The FTSE 100 Index is down about 12 percent this year and has lost more than 8 percent in U.S. dollar terms since the 2016 Brexit vote, whereas European, U.S. and Asian benchmarks have all shown positive returns.
European stocks clawed back some of their losses on Tuesday after selling off sharply on Monday with investors unsettled after British prime minister Theresa May delayed a vote in parliament to approve the EU withdrawal treaty indefinitely. On Tuesday morning the Europe-wide Stoxx 600 gained 1 per cent, following a 1.8 per cent loss the previous day. The pound — which yesterday slipped to its lowest level against the dollar since April 2017 — is rarely out of focus at the moment, but on Tuesday morning traders will have an eye on UK labour market data as well as the usual Brexit developments.
Sterling found a measure of support on Tuesday following a sharp sell-off in the previous session after an unexpected decision by the British prime minister to delay a key vote on Brexit. The pound ticked up 0.1 per cent in early European trade to $1.2567 in, leaving it near its weakest level in more than a year and a half. Against the euro, sterling was also up 0.1 per cent at €1.1066.
Egon Zehnder, the global search company, examined board and senior executive roles at 1,610 public companies worth €7bn or more in 44 countries. It found that just over a fifth of board seats were held by women, a 2 percentage point increase on 2016, but more than seven in every 10 appointments were still going to men. “We need diversity, but it’s simply not happening fast enough,” said Jill Ader, who chairs Egon Zehnder.
SINGAPORE (AP) — Asian markets were mixed Tuesday in narrow trading on doubts that U.S. and China can manage to resolve their festering trade dispute.
FT subscribers can click here to receive Market Forces every day by email. The pound has long been the barometer of Brexit and the currency’s tumble on Monday tells us how glum things are looking after Theresa ...
European stock-index futures dropped on Monday after a volatile week in which both the FTSE 100 and the Germany’s Dax fell to two year lows with uncertainty over Brexit and a deterioration of relations between the US and China weighing on investor sentiment. London’s FTSE 100 futures were down 0.7 per cent, while Euro Stoxx 50 futures pulled back 1 per cent, similar to France’s Cac 40 futures which were down 0.8 per cent. German Dax futures fell 1.1 per cent.
European equities bourses sold off sharply in one of the worst trading sessions of the year after Theresa May said she had delayed a vote to approve the EU withdrawal treaty indefinitely. The move accelerated as Mrs May addressed MPs in parliament on the prospects for a second referendum and going back to the EU to renegotiate the terms of the Brexit deal. All of the major European indices were down, with Germany’s Xetra Dax 1.7 per cent lower, the FTSE Mib in Italy off 1.6 per cent, the French CAC 40 down 1.6 per cent and the Spanish Ibex 1.7 per cent lower.
The euro extended its losses on Monday amid a dive in the UK pound and wider dip in European stocks, falling sharply against the dollar in intraday trading. to its lowest level since April 2017, after Prime Minister Theresa May told parliament the vote on the proposed Brexit deal would be delayed until further notice. The sharp fall in the euro’s value against the dollar in mid-afternoon trading coincided with sterling’s decline, as investors took flight from the European currencies on mounting concerns and uncertainty about the future of Brexit.
Wall Street is looking to avoid its longest losing streak in a month, with US stock futures staging a comeback on Monday despite the preceding sell-off in global markets. — its worst since March — with a 2.3 per cent tumble on Friday that saw the index rejoin the Nasdaq Composite in correction territory, defined as a drop of 10 per cent from a peak, and experience a “death cross” — a sign of bearish momentum that occurs when the index’s 50-day moving average falls below its 200-day moving average.
Women still account for fewer than 5 per cent of the chief executive positions in the US, UK and Europe, according to new research that suggests efforts to diversify corporate leadership may be stalling. ...
In the UK, the number of women holding FTSE 100 chief executive positions has slipped from seven to six, just below the number of CEOs named Dave or David. Awareness of the executive gender gap “is at a crescendo” but change is taking longer, said Anne Lim O’Brien, vice-chairman of Heidrick’s global CEO and board practice. “While it’s improving, it’s glacial, whether at the boardroom level or for the CEO,” she said, arguing that boards needed to focus on helping women gain the experience necessary to become “CEO-ready” and calling for a culture shift to address unconscious bias in board appointments.
A busy week ahead will see Britain’s fate become all the more clear, with the ECB delivering on policy. On the risk front, U.S and China will be in focus.
Wall Street capped a turbulent week of trading Friday with the biggest weekly loss since March as traders fret over rising trade tensions between Washington and Beijing and signals of slower economic growth.
European stock-index futures are ending to the week on firmer footing after suffering the worst sell-off since June 2016 on Thursday. Thursday brought a global sell-off that was particularly acute in Europe, ...
Amid rising uncertainty for investors, one thing looks increasingly likely — the UK is heading for a botched Brexit. The consequences UK investors could have to contend with include a second referendum, a general election, crashing out of the EU with “no deal”, or even no Brexit at all. How to galvanise your family finances through Brexit and beyond will be influenced by your age — whether you are accumulating or decumulating wealth — plus the impact of inter-generational financial planning.
Economists and analysts are actually reasonably good at getting the general direction correct, but awful at anticipating turning points. Answering this question represents the fundamental 2019 investment challenge for portfolio managers,” David Kostin, chief US equity strategist at Goldman Sachs, wrote in his annual outlook. Big picture: the median forecast of strategists polled by Bloomberg indicates the US economy will grow 2.6 per cent in 2019, while the S&P 500 will end the year at 3,090 points, with the 10-year Treasury yield at 3.44 per cent. Pretty much everyone expects the dollar to weaken next year, as the Fed interest rate cycle peaks.
U.S. stocks clawed most of their way back from a deep slide Thursday that at one point had wiped out the market's gains for the year.
The FTSE 100 on Wednesday closed below the level seen at the end of 1999, and extended its declines on Thursday. The benchmark gauge today fell 3.2 percent, the worst drop since June 2016, matching the magnitude of the decline following the Brexit referendum on a closing basis. The renewed sell-off in global equities is piling additional pressure on U.K. stocks, already rocked by concerns about U.K Prime Minister Theresa May’s ability to get her Brexit deal through Parliament.
With just a few months to go, Britain’s exit from the European Union still presents a baffling array of potential outcomes, including everything from the government being overthrown to a second referendum. Right now, markets appear to have eased up on no-deal bets ahead of the Dec. 11 vote that threatens to torpedo Prime Minister Theresa May’s accord with the European Union. The calculation is that the chances of delaying or even ditching Brexit are increasing.
Britain’s biggest listed companies are likely to miss a government-backed target of having at least one director from an ethnic minority by 2021, new research has suggested. Data collected by executive recruitment company Green Park showed that only 52 of the FTSE 100 have non-white board or executive committee members, up from 48 five years ago.
, Mark Tucker, has been hired to do the same job at a South African insurance company in a move that could prompt concern about pressure on his time. HSBC said Mr Tucker, who became its chairman just over a year ago, will lead the board of Johannesburg-based Discovery Limited from March when the incumbent steps down.