London close: Stocks mixed at end of quiet Wednesday
Wed, 26th May 2021 16:18
(Sharecast News) - London stocks finished in a mixed state on Wednesday, as investors digested the latest comments from Federal Reserve officials and sifted through corporate news.
The FTSE 100 ended the session down 0.04% at 7,026.93, while the FTSE 250 was 0.9% higher at 22,640.08.
Sterling was heading in different directions as well, last trading 0.21% weaker against the dollar at $1.4123, while gaining 0.22% on the euro to €1.1576. A bit of a dreich day for European equity markets, with nothing moving much at all, quipped Markets.com chief market analyst Neil Wilson, adding that all the main bourses traded flat.
London open: FTSE hits fresh post-pandemic high amid deal news
Fri, 7th May 2021 08:04
(Sharecast News) - London stocks rose in early trade on Friday, with the top-flight index hitting a new post-pandemic high as deal news and strong commodity prices provided a boost ahead of the latest US non-farm payrolls report.
At 0900 BST, the FTSE 100 was up 0.4% at 7,101.95.
Neil Wilson, chief market analyst at Markets.com said: The overriding market themes remain pretty well unabused: A monster commodity rally continues as the global economy heats up, and massive but messy rotation out of the tech/growth/momentum plays into more cyclical/value parts of the market.
After Deliveroo s car crash IPO, London needs a rebrand to fend off Europe s financial centres
Peter Jeffery is a corporate partner at law firm Moore Barlow.
LONDON, ENGLAND - AUGUST 22: Deliveroo riders stuck on Tower Bridge on August 22, 2020 in London, England. (Photo by Hollie Adams/Getty Images)
Much like the carefully manufactured picture of a restaurant-quality dish displayed on the takeaway firm’s app, Deliveroo’s IPO promised so much, yet when it arrived, was a cold, undercooked imitation of the rich banquet investors had been promised.
After a difficult period, one of London’s most high-profile IPOs in years turning into a car crash was the last thing The City needed. Post-Brexit, London is in the midst of a branding battle with Europe’s other financial centres and can ill afford flops that call into question its position as the continent’s capital for tech flotations.