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 [...]
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 [...]
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 [...]
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.
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 [...]
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 [...]