30/04/14 Market Movements

Market news The FTSE100 closed up 10.12 points at 6,780.03 after violence in Ukraine intensified and offset sharp gains in the energy sector after results from oil major Royal Dutch Shell beat expectations. Markets were held back after Pro-Russian rebels seized control of state buildings Read more…

Co-op Bank and Britannia merger ‘should never have happened’

The Co-operative Bank’s merger with the Britannia building society in 2009 should never have happened, according to Sir Christopher Kelly’s report. Sir Christopher Kelly states that the Co-op Bank had its own problems before the merger and that both companies’ problems were exsacerbrated by the Read more…

29/04/14 Market Movements

Market news The FTSE100 climbed 69.75 points to close at 6,769.91 (its highest level in seven weeks) as preliminary data showed economic growth grew by 0.8% in the first quarter of 2014. The increase marks the fifth consecutive period of GDP growth – the longest Read more…

GDP continues to expand

U.K. economic growth accelerated in the first quarter amid signs that the recovery is broadening beyond that of just consumer spending. GDP expanded 0.8 percent from the final three months of 2013, when it grew 0.7 percent, according to a report issued today by the Read more…

28/04/14 Market Movements

Market news The FTSE100 closed up 14.47 points at 6,700.16 as rises in AstraZeneca Plc grew by a record amount: AstraZeneca jumped 14 percent to a record after Pfizer Inc. confirmed its interest in taking over the U.K. drugmaker for almost $99 billion.  The Conference Read more…