FTSE 100 opens up 1.4% by 83 points to 5,844 as death rates in some of worst-hit countries drops

FTSE 100 rises 1.6% by 91 points to 5,844 after Boris Johnson says UK is ‘turning the tide’ on coronavirus in first address to nation following recovery The index of Britain’s biggest companies is up by 83 points to 5,844 at open The positive start followed gains in Asia as leaders up plan to reopen … Read more

FTSE 100 opens up 1.4% by 83 points to 5,844 as death rates in some of worst-hit countries drops

FTSE 100 rises 1.6% by 91 points to 5,844 after Boris Johnson says UK is ‘turning the tide’ on coronavirus in first address to nation following recovery The index of Britain’s biggest companies is up by 83 points to 5,844 at open The positive start followed gains in Asia as leaders up plan to reopen … Read more

Coronavirus UK: FTSE 100 down after global oil prices plunge below zero

Oil prices plunged below zero for the first time ever last night as demand for energy collapsed during the pandemic. The benchmark measure for crude in the US plummeted to minus $35.20 (£28.30) a barrel. It means the country’s oil producers are paying buyers to take the barrels off their hands. Much of the plunge was … Read more

London markets fall hours after Rishi Sunak’s dire warning on economy

London markets fell this morning after Chancellor Rishi Sunak warned Britain faces ‘hardship ahead’ amid fears the coronavirus lockdown could cause the economy to shrink by a third. The FTSE 100 of Britain’s leading firms dropped by 33 points or 0.57 per cent to 5,758 shortly after opening today. It comes after the Office for … Read more

FTSE up as countries partially lift coronavirus lockdown restrictions

FTSE opens 0.7% up rising 38 points to 5,881 as some countries try to kick-start the economy by partially lifting coronavirus lockdown restrictions FTSE 100 index of Britain’s leading firms up 38 points or 0.65% to 5,881 today Investors react to stimulus measures and slowdown in new coronavirus cases  These are helping cut some risks … Read more

BT boss Philip Jansen promises no furlough or sacking for staff and 1.5% pay increase for workers

BT boss Philip Jansen says no staff will be fired or furloughed in next three months as he offers 1.5 per cent rise and vows to give half his £100,000-a-month salary to charity Philip Jansen wrote a letter to all employees today making number of promises Mr Jansen was first FTSE 100 boss to get … Read more

FTSE rises as City welcomes slowing coronavirus death rates in Italy and France

FTSE rises 3% by 162 points to 5,578 today as City welcomes slowing coronavirus death rates in Italy and France but remains concerned over Boris Johnson’s health FTSE 100 index of Britain’s leading firms is up 162 points or 3% to 5,578 today Slowdown in deaths in France and Italy raises hopes over lockdown measures  … Read more