August 28, 2014

FTSE 100 closes at 15 year high

Stock Market

The FTSE 100 reached a 15 year closing high as it closed at 6,837 on Tuesday. The index has gained 1.4pc since the start of the year and was boosted today by UK housebuilding and mining stocks. Shares in Barratt and Persimmon rose by over 3pc respectively following Taylor Wimpey confirming that its sales were [...]

Investors expect FTSE 100 to break 7000 this year

Stock Market

New research has shown that two fifths of investors expect the FTSE 100 to break the 7000 points barrier this year. Investors are clearly in optimistic mood this year, with 82.4% expecting the FTSE 100 to end 2014 higher than it began. Damian Stansfield, managing director of Halifax Share Dealing, says: “There has been a [...]

FTSE 100 to break 7,000 points by 2014 say fund managers


A poll conducted by the Association of Investment Companies has revealed that 58pc of fund managers believe the FTSE 100 could break the 7,000 mark by the end of 2014. The poll reveals that Europe is the region which is expected to outperform next year, followed by the UK and the US as well as [...]

FTSE 100 falls lower for fifth consecutive day


The FTSE 100 index finished lower for the fifth consecutive day as it fell by 11.64 to finish at 6,498.33. The Bank of England made no changes to its monetary policy as expected. Petrofac, Tesco and William Hill were the three biggest fallers for the day.

Goldman Sachs: FTSE 100 to hit 7,500 next year


The FTSE 100 is forecast to reach 7,500 by the end of 2014 according to Peter Oppenheimer, chief global equity strategist at Goldman Sachs. According to the Telegraph, Oppenheimer believes that a continued recovery in the economy will boost the index to a new all-time high.

Interest rates could rise in 2015

UK flag

Interest rates could rise as soon as 2015 according to the National Institute of Economic and Social Research. The respective group indicates that unemployment rates are dropping faster than forecasted, and therefore the Bank of England could increase rates during 2015 as it looks to prevent overheating of the economy.  

FTSE 100 reaches five-month high


BP’s share price surged helped the FTSE 100 to reach a five-month intratrade high of 6,777.16 – the highest level recorded by the FTSE 100 index since May. BP on its own added 18.7 points to the FTSE 100 which closed up by nearly 49 points.  

UK GDP experiences fastest growth in three years

UK flag

The latest GDP figures reveal that UK economic output experienced its fastest growth in three years. Figures from the Office for National Statistics revealed that the UK’s economic output rose by 0.8% between July and September – the best quarterly increase recorded since 2010. Both George Osborne and Nick Clegg indicated that this growth shows [...]

FTSE 100 stages late Wednesday rally on US expecations


The FTSE 100 staged a late rally on Wednesday to end up by 22.48 points to finish the day at 6,571.59. The rally was sparked by news that negotiations on legislation to increase the US’s country debt limit were nearing completion. According to Reuters, the index rallied off a session low of 6,504.27 earlier in [...]

FTSE 100 benefits as US stimulus remains unchanged


The FTSE 100 ended Thursday up by 66.57 points, to close at 6652.39 as markets worldwide reacted positively to the news that the Federal Reserve will keep the US monetary stimulus unchained. UK retail sales data also revealed a 2.1% year-on-year increase in August. News Source: Yahoo