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FTSE 100 hits all-time record on oil price surge

The FTSE 100 hits 7,460.2 points earlier today, cementing rises for Shell and BP. Merkel. BP. Oil

Adrian Holliday
toshiba

Toshiba reports record losses

Toshiba, the Japanese electronics group, reported a Y950bn (£6.5bn) net loss for the year ending 31 March, but forecasts of a return to profit this year ensured gains for the company's shares

Neil Dennis
Saudi Arabia map

Oil advances on Saudi-Russian supply cuts while Merkel claims victory in North Rhine-Westphalia

Significant news from Saudi Arabia and Russia this morning: the top two oil producers have agreed oil output cuts until March 2018. Merkel oil. Euro

Adrian Holliday
Trump effect

Industrials and S&P creep lower after bout of gains

Slight pessimism creeps into US markets despite week of upbeat corporate earnings and raft of economic data indicating strong economy. Slight pessimism creeps into US markets despite week of upbeat corporate earnings and raft of economic data indicating strong economy.

Claire Hunte
Tumour DNA

AstraZeneca jumps 9% on successful anti-cancer drug trials

Successful trials of a new anti-cancer drug saw AstraZeneca’s share price jump 9% on Friday (May 12), reaching a high of 5,202 before easing back to 5176 at the end of the day.

Richard Reed
Photo of AstraZeneca building

AstraZeneca shares surge 8% while weak JC Penney sales sees shares hit rock bottom

JC Penney has revealed weak first quarter numbers with its stock price hitting $4.74, near an all-time low, at one point.

Adrian Holliday
Macy's shares plummet 17%

Fear for US retail sales as Macy's shares plummet 17%

In the US, some shock for retailer Macy’s: shares fell 17% as the retailer revealed a profits slump with profits coming in at just 24 cents a share compared to an estimated 35 cents.

Adrian Holliday
bank of England

Bank of England warns spending downturn will continue as inflation hits real wages

Bank of England warns spending confidence will take time to recover meanwhile US shares take a hit, the worst daily decline since April.

Adrian Holliday
BT axes 4,000 jobs

BT axes 4,000 jobs as profits fall 19%

BT is to axe 4,000 back-office and managerial jobs and has cut its profit and dividend forecasts after a difficult year, which included an accounting scandal in Italy.

Richard Reed
the parent company of Snapchat

Snap’s picture unclear as Facebook muscles in on act

The long-term picture for social media giant Snap remains unclear after the company posted a huge quarterly loss of $2.2bn on May 10. It was the firs

Richard Reed
investment funds

New investment funds launch to tap into long-term trends

Uberisation of the economy

Brian Bollen
BT sheds jobs

BT takes the axe to 4,000 jobs and denies bonuses to top execs

London’s Big Board was up 0.59% higher on Wednesday at 7,385.24 edging closer to 7,400 helped by strong gains for oil players.

Adrian Holliday
Pret a Manger store

Pret a Manger mulls New York IPO meanwhile FTSE 100 nears 7,400

The FTSE 100 neared 7,400 ending the day at 7,388.13 though it hit 7,398.58 at one point. The two biggest climbers were Hargreaves Lansdown and Associated British Foods

Adrian Holliday
Britain's largest companies

Investors must have bigger say on executive pay

Shareholders should have greater influence when it comes to executive pay at Britain's largest companies, industry directors urged today

Neil Dennis
Stock market graphic

ITV ad revenues dip but Barratt predicts strong sales year

ITV ad revenues come under pressure but Barratt Developments predicts record sales year.

Adrian Holliday