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MARKET REPORT: FTSE breaks record then sinks as experts say stock market rise is being driven by sterling's slide

by www.dailymail.co.uk
The FTSE 100 briefly hit a record yesterday after climbing in morning trading - but it couldn't keep it up for the duration and ended up losing ground.
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They have identified clothes such as a skirt and top, costing from £12, which are part of Sainsbury's Pisa collection inspired by the Italian Riviera and Dolce & Gabbana.
The firm, which hosts international exhibitions and events, said it had run 14 of its top 20 events in the first four months of this year and received more than 90 per cent of is budgeted revenue.
Hundreds of thousands of customers have bought vehicles under personal contract purchase plans – often sold by forecourt salesman who make commission by flogging these finance deals.
Blue chips gained 0.4 per cent to end the day up 29.92 points at 7547.63, as the pound dived 1.2 per cent to $1.2791 after a poll showed a narrowing Conservative lead for the general election.
Alfa Financial Software joined the market yesterday, in a move that valued the company at £975m. It handed the co-founder and chief executive a £254m payday.
The troubled lender – which is backed by aristocrat Graham Wellesley – allows savers to lend their cash to housing developers. It has faced fears about the quality of its loans.
Russia sanctions not going away anytime soon, if Washington is to be believed. Others in the market say, look to France.
This is a weekly recap of the financial news in the cannabis industry for the week ending 5/26/2017.
Costco reported solid fiscal third quarter results on Thursday, May 25, as both its revenues and earnings came in ahead of consensus estimates. This note discusses key takeaways from earnings, and wha
Data compiled by the FDIC about U.S. bank failures shows a rather discomforting trend: 5 U.S. commercial banks have failed so far in 2017 – equaling the total number of bank failures for full-year 201
Although the Las Vegas Strip is the third-largest casino market globally, Las Vegas Sands (NYSE: LVS) derives just around 13% of its revenues from the region. The company has focused on expanding inte
The BSE Sensex has gained 25.5% since the Narendra Moidi govt took charge in 2014
In the three years since Narendra Modi was sworn in as prime minister, the mood in the primary market has improved. Fifty seven Initial Public Offers of equity (IPOs) have hit the market in this perio
Overall stock market has grown from little over Rs 75 lakh crore to more than Rs 125 lakh crore now
Verizon’s CEO recently indicated that the carrier plans to launch its own over-the-top streaming TV service later this year. The move is not surprising, as video has been a major theme in the wireless
The past few weeks saw two major steel companies, U.S. Steel and ArcelorMittal, release their first quarter results, and there was a stark contrast between the results of the two companies, specifical
It isn’t America, but the rest of the world, that is driving corporate earnings growth.
YES SecuritiesVoltas (Accumulate)CMP: ?499.90Target: ?545Voltas’ 4QFY17 consolidated sales rose 10 per cent y-o-y to ?2,040 crore, owing to 28 per cent/15 per cent rise in Unitary Cooling Products (U
Shares of Maan Aluminium will remain in focus, as its board on Friday approved issue of bonus shares via capitalisation of free reserves. The bonus issue will be in the ratio of 1:1. The decision ...
The Centre is set to hire Citigroup, Deutsche Bank, Goldman Sachs, ICICI Securities and SBI Capital for a 3-per cent stake sale in Indian Oil Corporation to raise about ?6,400 crore, a Thomson Reuter
Mercator informed the exchanges on Friday that it has been awarded a contract by the New Mangalore Port Trust for maintenance dredging at the New Mangalore Port for a period of three years. The aggre
Pharma funds posting a 7% negative return raises many questions
The rupee on Friday continued its upmove against the dollar for the third straight day, surging 18 paise to end at a one-week high of 64.44, buoyed by stocks that soared as the Modi government comple
The world has changed immeasurably, and continues to. Old solutions to tackle economic problems won’t yield results and new tools must be contemplated, which requires fresh approaches. In earlier r..
However, bonus issues almost double
Release of pepper held in exchange warehouses for long pulled spot pepper prices down further on Friday, market sources told BusinessLine.On the terminal market 10 tonnes were traded. Spot prices dec
Weak futures and slack physical demand dragged edible oils prices on Friday. Liberty’s rates for Palmolein Ex STC / Shapur were ?572 / ?573 for May. Super palmolein at ?593 for May . Allana’s rates..
Visiting the Gujarat International Finance Tec-City (GIFT City), Union Minister of State in Finance and Corporate Affairs, Government of India, and Chairman of the International Financial Services Cen
The group said the move will only have an impact on Legal & General Investment Management and that it was subject to regulatory approval.
This year has been good for both bond and stock investors. To rely on that benign picture lasting looks risky.
Nike continues to see solid revenue and earnings growth, but has been dealing with increased competition from a resurgent Adidas, while also facing pressure from Under Armour in its basketball divisio
The tonic maker – valued at almost £2billion – saw its share price slump by 5 per cent on Thursday after one of its founders cashed in a chunk of his shares.
Sad about not getting a raise? Dropping productivity is the culprit. And Facebook may be to blame. Buying its stock may be your best revenge.

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