The FTSE 100 Index edged up towards the 6,000 mark today as traders took heart from UK Government efforts to gradually get the economy back on track.
Brent oil enjoyed a better day on the markets on Wednesday despite warnings a barrel of the crude may become “cheaper than a latte”.
The world’s two leading oil price benchmarks suffered contrasting fortunes today amid ongoing supply and demand fears.
The pound gained ground on Monday as traders pinned their hopes on a fresh Brexit deal being presented to Parliament this week.
Top-flight stocks in London were boosted by rising oil prices in Friday trading, but observers said a recovery could not make up for the "dreadful" week on the markets.
The FTSE 100 fell back from all-time highs as investors cashed in on a strong week for European stocks.
Sterling fell to a 13-week low against the US dollar on Tuesday as Brexit comments from Prime Minister Theresa May and German Chancellor Angela Merkel continued to weigh on currency markets.
London’s top-flight index pushed to an all-time high after sterling collapsed following hints from Prime Minister Theresa May that Britain may opt for a so-called “hard Brexit”.
Stock markets worldwide rode out a tumultuous 2016 after a barrage of political shocks and experts are warning the year ahead will be every bit as volatile and unpredictable.
London’s FTSE 100 Index surged close to a new all-time high as the traditional Santa rally gave blue chips a boost.
London’s top-flight index remained in the red as investor jitters over the Italian referendum and Wednesday’s crunch meeting on global oil supply continued to dog the market.
Energy stocks shot to the top of the FTSE 100 as oil prices jumped on hopes that Opec was one step closer to reaching a supply cut deal that would buoy floundering prices.
The UK’s blue-chip index plunged on opening as Donald Trump’s victory in the US presidential election spooked markets, before paring back losses.
London’s top flight index swung into the red after investors soured to Lloyds Banking Group’s plans to hive off another £1 billion for the mis-selling of payment protection insurance (PPI).
The pound took a further hit after leaked documents warned a “hard Brexit“ could cost the UK more than £66 billion a year, but London’s FTSE 100 Index hovered near record highs.
London’s premier index soared to a 16-month high and the pound came under pressure as Prime Minister Theresa May vowed to kick-start the Brexit process by the end of March next year.
Oil majors led the charge as the London market burst back through the 6,900 mark following investor cheer over an output-limiting deal struck by the Opec oil cartel.
Global stock markets sunk into the red as last week’s post-Brexit relief rally unravelled while the pound also sunk to fresh 31-year lows against the dollar.
Sterling plunged to a fresh 31-year low as the Bank of England said it would boost lending by up to £150 billion to help ease the economic pressure caused by the Brexit vote.
London’s top flight index pulled back from its 7% plunge after the Bank of England pledged to intervene to help shore up the markets.
The London market broke through the 6,300 barrier as voters headed to the polls to cast their ballots in Britain’s referendum on the European Union.
London’s premier index was flat as investors paused for breath ahead of Thursday’s vote on Britain’s membership of the European Union.
Sterling and the London market swung back into positive territory on Friday morning amid easing concerns over a British exit from the European Union.
Royal Dutch Shell was in the ascendency after investors cheered on plans to trim investment and cut costs in the face of lower oil prices.