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world leading paint maker

Paint giant AkzoNobel rejects bid from US-owned PPG

AkzoNobel, world leading paint maker and owner of Dulux paint, has turned down a third takeover offer worth €26.9bn by its US competitor PPG Industries.

Hilaire Gomer
Currency markets

Currency markets subdued despite landslide Macron win

A touch of euphoria, then a fall back to reality. That was the currency markets reaction to the decisive Macron victory in Paris on Sunday which took 66% of the total vote. In Asia Japanese stocks surged following the news with the Nikkei 225 up 2.3% initially. 

Adrian Holliday
Macron French victory

Euro climbs on Macron French victory

Some investor relief after Emmanuel Macron claimed an emphatic victory in the French election yesterday. The Nikkei climbed by more than 2% to a 17-month high. The euro also climbed to a one-year peak of almost 1.24.60 against the yen. However Macron’s victory had been priced in, to some degree, by the markets. 

Adrian Holliday
oil prices

US jobs growth steps up but oil prices continue to unwind

US jobs growth steps up but oil prices continue to struggle

Adrian Holliday
IAG shares climb

IAG shares fly higher helped by lower fuel costs

IAG shares rose 5% this morning to 600.17p as the owner of British Airways and Iberia revealed a 10% surge in operating profits – hitting €170m – for the first quarter of 2017. The new numbers appear impressive given that the first quarter is traditionally slow for the airline.

Adrian Holliday
New chairman for M&S

M&S names Archie Norman as new chairman meanwhile oil prices stumble to a five-month low

M&S reveals new chairman meanwhile oil prices stumble to a five-month low

Adrian Holliday
IAG climbs

IAG soars but Next shares dive on sterling and competition pressure

A small uptick for the FTSE 100 on Thursday: the Big Board ended 15 points higher at 7,248.10, up 0.2% with the FTSE 250 finishing 2.58 points down at 19,680. Travel fared well with British Airways owner IAG and TUI AG up 2.97% and 2.92% respectively. 

Adrian Holliday
trend to online purchasing

Next struggles on high street but boosts online sales

The latest chapter in the growing tale of woe that is UK retailing tells how Next shares lost 6% as investors reacted to disappointing results. This echoes the Sainsbury's experience earlier this week. As reported earlier, total sales at Next fell by 2.5% in the first three months of the year and the top end of its profit forecast has been cut to £740m from £780m.

Brian Bollen
Next sales slump

Next sales slump while Morrisons sales rise

The FTSE 100 finished at 7,234.53 at close of Wednesday while the Dow ended the day at 20,957.9, up eight points. Gold was down -0.99% to $1,236.40 while WTI oil finished -0.42% lower at $47.63. 

Adrian Holliday
Pound slips

Pound slips on tough EU talk from Number 10

Pound slips on tough talk from Number 10

Adrian Holliday
Shopping for iPhone 7

Apple losing its lustre?

Phone and computer maker Apple, the world’s biggest company, posted lacklustre results for its second quarter as the sale of iPhones dipped.

Claire Hunte
Sainsbury's profits under pressure

Sainsbury's full-year profits battered meanwhile Apple iPhone sales slip

Global shares were broadly up on Tuesday: the Dow Jones finished 0.17% higher at 20,949.89 while the Nasdaq climbed 0.06% to 6,095.37. In London the FTSE 100 finished at 7,250, up 46 points while the German Dax was up 0.56% to 12,507.90. The French CAC 40 pushed 0.70% higher to 5,304.15. 

Adrian Holliday
Pound steady

Pounds steady at $1.29 while miners take a tumble

End of Tuesday trading saw the FTSE 100 close 45.68 points higher at 7,250.05, a 0.64% climb in total. Best FTSE 100 performer was Intertek Group, up 3.3% to 4,200p while Standard Life and Barratt Developments took second and third spots, up 2.78% and 2.67%.

Adrian Holliday
BP Profits rise

BP profits surge higher but Bovis hit by new profit warning

Global share trading was light for the May Day holiday though US shares on Monday showed energy: Apple shares were up more than 2% to $146.58. Other tech companies, including Microsoft and Facebook, also gained strongly. The Nasdaq hit a record 6,091.6 high. 

Adrian Holliday

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