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News Page 161

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FTSE 100 soars to new high while oil retreats

The pound’s fragility once more helped FTSE 100 stocks higher earlier given the stock market’s rash of large companies that book overseas earnings in sterling.

Adrian Holliday Video
Weaker EU inflation adds to ECB policy conundrum

European data continued to send mixed messages to markets on Wednesday, with inflation dipping lower while the unemployment rate hit an eight-year low

Neil Dennis Video
Brexit negotiations must affirm London as a financial capital

The European Union must not act to dislodge London from its role as a key global liquidity provider as part of the negotiations of the terms by which the UK leaves the EU, the OECD says

Neil Dennis Video
Pound sinks on fears of UK hung parliament

Tightening in the UK election opinion polls put the pound on the back foot as the latest YouGov projections suggest the Conservatives could fall short of the majority needed to win outright

Neil Dennis Video
Photo of Labour supporters with placards
Sterling hit by new election poll

Sterling has tumbled -0.46% to $1.2798 (7am) under more UK election projection numbers.

Adrian Holliday Video
Oil price
US energy stocks slide on price of oil

Energy stocks dragged the Dow Jones index lower at closing as the price of oil dropped 1% to $49.31 a barrel. The index retreated 50 points or -0.24% to 21,029.81 despite a rally in tech stocks.

Claire Hunte Video

Amazon packaging
Amazon shares hit $1,000

Amazon shares hit the $1,000 mark earlier today. IAG shares. Hikma

Adrian Holliday Video
London Stock Exchange
London Stock Exchange agrees to buy Citi indices businesses

London Stock Exchange Group (LSEG) has reached an agreement with Citigroup Inc (Citi) to acquire The Yield Book and Citi Fixed Income Indices for US$685m (£535m).

Brian Bollen Video
BA chaos drives calls for CEO resignation

Shares in the parent company of British Airways fall following a calamitous weekend of cancelled flights and stranded passengers that has led to calls for the head of the airline's chief executive

Neil Dennis Video
Photo of IAG's plane tail
IAG shares slump 3.5%

Many eyes will be on IAG’s share price this morning as investors assess the weekend’s IT catastrophe. IAG shares have already fallen heavily, knocking off more than £350m off the carrier’s market capitalisation.

Adrian Holliday Video
Photo of pound coins piled up
UK polls push sterling lower

Sterling continued to sell down hitting fresh lows in the sub -1.2800 region (4pm) as the Labour Party narrowed the election gap

Adrian Holliday Video
US inflation undershoot ‘worrisome’ says Fed’s Bullard

The caution expressed in this week's minutes of the Federal Reserve's May meeting may have been warranted as inflation has been undershooting forecasts for several months

Neil Dennis Video
the Brexit referendum
UK consumer confidence continues to decline

UK consumer confidence has continued to decline, and is now close to the level it was at immediately after the Brexit referendum, according to a new survey. The YouGov/Cebr Consumer Confidence Index declined by -0.2 points to 107.9 in Ma

Richard Reed Video
Pound falls as Labour closes gap on Tories

The pound falls after a poll shows Labour closing the gap on the Tories in the UK election race, and following a downward revision of first-quarter growth

Neil Dennis Video
saudi mountain pass
Immediate reaction to OPEC cuts extension mixed

Immediate reaction is mixed on the outlook for oil prices after the 172nd meeting of the Conference of the Organization of Petroleum Exporting Countries

Brian Bollen Video