More than £1.7billion was added to the value of Britain’s biggest housebuilders on hopes the Chancellor will cut stamp duty. Rishi Sunak is expected to propose raising the levy’s threshold so that it would only apply to properties valued at £500,000 or more, instead of the current £125,000. The changes are expected to be unveiled … Read more
Shares in Rolls Royce tumbled by nearly 10 per cent yesterday as it emerged the company is looking for ways to bolster its battered finances. The ailing British engineering group is considering a £1.5-2billion shares sale, as well as flogging assets such as Spanish subsidiary ITP Aero to raise cash, according to Bloomberg. The coronavirus … Read more
MARKET REPORT: Aston Martin shares take a dive after the luxury car maker goes cap in hand to investors yet again By Francesca Washtell For The Daily Mail Published: 22:08 BST, 26 June 2020 | Updated: 22:08 BST, 26 June 2020 Aston Martin shares dived after the luxury car maker went cap in hand to … Read more
MARKET REPORT: Eager investors pile into contractor Capita after it confirms it is lining up the sale of a lucrative IT arm By Francesca Washtell For The Daily Mail Published: 21:58 BST, 22 June 2020 | Updated: 21:58 BST, 22 June 2020 Eager investors piled into Capita after it confirmed it is lining up the … Read more
Global stock markets were rattled by fears a second wave of coronavirus infections could be on the horizon. The FTSE 100 dropped below 6000 at one stage yesterday after nearly 80 new cases were recorded in the Chinese capital Beijing over the weekend. Before the latest spate of infections, the city had gone without new … Read more
MARKET REPORT: Pearson surges on hopes an activist investor will help the education publisher turn the page on a dismal few years By Francesca Washtell For The Daily Mail Published: 22:02 BST, 12 June 2020 | Updated: 22:02 BST, 12 June 2020 Pearson surged on hopes an activist investor will help the education publisher turn … Read more
Pub groups were on the rise as investors cheered moves to reopen the hospitality sector. Ministers are said to be looking at whether pubs, restaurants and cafes could be back in action by June 22, rather than July 4, in a bid to ‘save the summer’. A reduction to Britain’s two-metre social distancing rule to … Read more
MARKET REPORT: Car maker Aston Martin and dealership Lookers speed in opposite directions as they announce a total of 2,000 job cuts By Matt Oliver For The Daily Mail Published: 22:15 BST, 4 June 2020 | Updated: 22:15 BST, 4 June 2020 Car maker Aston Martin and dealership Lookers sped in opposite directions as they … Read more
Dealmaking appears to be returning to the property sector as investors look to bag a bargain during the market slump. Shares in shopping centre owner British Land climbed 2.5 per cent, or 10.1p, to 407.3p after Canadian investment firm Brookfield Asset Management snapped up a 7.3 per cent stake. Traders also welcomed the news that … Read more
MARKET REPORT: China’s decision to abandon a key economic target and rising tensions with US casts pall over stock markets as week draws to a close By Francesca Washtell For The Daily Mail Published: 22:06 BST, 22 May 2020 | Updated: 22:06 BST, 22 May 2020 China’s decision to abandon a key economic target and … Read more