30/06/14 Market Movements

Market news The FTSE100 closed down 13.83 points at 6,743.94 as budget airline EasyJet felt the effect of a broker downgrade. EasyJet fell 6.44%, making it the worst-performing FTSE 100 stock in percentage terms after Bank of America Merrill Lynch cut its rating from “Neutral” Read more…

Mark Carney: ‘New Normal’ for UK Interest Rates Will Be 2.5%

Bank of England governor Mark Carney has said the “new normal” for interest rates is likely to be about 2.5% when rates start to increase. Mr Carney suggested a return to “normal” interest rates of 5% was unlikely in the medium term. He said things Read more…

26/06/14 Market movements

Market news The FTSE100 closed up 1.50 points at 6,735.12 aided by mining stocks, although a slump in Barclays share price held back the market. Mining stocks such as Rio Tinto (up 1.23%) climbed as Copper prices rose towards a 4 month peak. However, Barclays Read more…

Barclays Shares Hit 18-month Low following Securities Law Suit

Shares have slid to 217p, the lowest since October 2012 following news that the bank is being sued by New York Attorney General. The bank has allegedly mislead large institutional investors and other clients by falsely stating they were protecting them from predatory high-frequency traders. Read more…

Zero-hours contracts: rules give workers more choice

Employers are to be banned from stopping staff with zero-hours contracts seeking extra work elsewhere. “Unscrupulous” firms had abused the flexibility offered by the contracts, according to Business Secretary Vince Cable. Unions and campaign groups have been pressing for zero-hours contracts – under which employees’ Read more…