Vodafone’s revenues fell for the first time in eight years following a reduction in European-based revenues due to the difficult trading conditions. The network operator had to cut prices in Europe in order to retain customers, which contributed to an overall 4.4% fall in revenues to £44.4bn. Despite the news, Vodafone’s share price remained relatively [...]
Strong performance from Marks and Spencer shares and Capita shares helped the FTSE 100 to add another 48 points and close at 6803.9 on Tuesday. Today’s close of the FTSE 100, marked its fourth highest closing average in history. Marks & Spencer shares rise by 6% despite a fall in annual profits. Capita shares were [...]
Research from Nationwide Building Society has found that 66% of ISA savers feel the cash ISA limit should be brought into line with the Stocks and Shares ISA limit. The respective research also threw out a number of interesting statistics such as 30% find ISA rules confusing and 32% do not know what ISA stands [...]
Ocado shares are ‘consistently underestimated’ by the city consensus according to Fidelity portfolio manager Tom Ewing. Ewing’s Fidelity UK Growth Fund has a 4% position in Ocado and noted: “The deal with Morrisons announced is incredibly positive for Ocado. Beyond the transformational financial implications it demonstrates that Morrisons agree with our view that online will [...]
easyJet shares and RBS shares were the best performing FTSE 100 shares on Monday, with gains of 4% and 4.5% respectively. At the close of business, London’s premier FTSE 100 index finished 32.57 points higher to close at 6,755.63. The FTSE 100′s closing average on Monday was it’s highest closest level since late 2000.