Heavyweight U.K. banks weigh on FTSE 100

2019-01-22

The FTSE 100 struggled on Tuesday, as the London banking sector came under pressure after earnings from Swiss bank UBS Group AG fell short of analysts’ expectations. Energy stocks were also weaker as oil prices fell on continued concerns about global growth, most recently sparked by a warning from theRead More →

European markets drop as SocGen warns on Q4 revenues

2019-01-17

European indexes were in the red on Thursday, as French bank Société Générale SA announced it expected its fourth-quarter capital markets revenues to fall by around 20%. In the U.K., Prime Minister Theresa May has survived a no-confidence vote, freeing her to start cross-party discussions on finding a way forwardRead More →

British pound climbs as likelihood of Brexit delay rises

2019-01-11

The British pound strengthened against the U.S. dollar and the euro on Friday after U.K. newspaper The Evening Standard reported that a delay to the March 29 Brexit was becoming increasingly likely. While the idea of a Brexit delay was refuted by Prime Minister Theresa May’s government earlier this week,Read More →