Latest News - Gavin Lumsden
FTSE firmer as EasyJet spies break in the clouds
EasyJet, the last airline standing in a troubled sector, propels FTSE 100 higher after saying it has started to benefit from the woes of rivals.
Aberdeen Standard targets £250m with new logistics trust
Aberdeen Standard Investments jumps on the 'big box' distribution revolution with launch of first investment trust since its merger.
Tech trusts lead FTSE higher as US powers on
Scottish Mortgage and investment trusts exposed to tech titans and buoyant US economy dominate FTSE leader boards, while Spain's crisis fails to detract from a rally in Europe.
FTSE advances as pound falls on retail sales slide
In a reversal of yesterday, the FTSE 100 rose 0.5% and the pound fell a similar amount as data showed consumer spending slumped this month.
Strong pound and weak Glaxo push FTSE lower
The FTSE 100 lurched below 7,500 as a strong pound caused by better-than-expected economic growth blunted international blue chip stocks.
Woodford-backed Spire rejects bid approach
Spire Healthcare leaps 12% after rebuffing £1.2 billion offer from rival Mediclinic and Dialight and Pendragon plunge on profits warnings.
FTSE retreats as Unilever underwhelms, retail sales fall
UK stock market marks anniversary of Black Monday in an appropriate fashion with the FTSE 100 dropping 0.5%.
Wage growth and US advance lift FTSE higher
The FTSE 100 was on the front foot today, gaining 0.3% after good UK wage growth data and a positive opening on Wall Street.
Regulators hit Rio with £28m fine and fraud charge
US Securities and Exchange Commission accuses mining giant of cover up and Financial Conduct Authority imposes record penalty for failure to disclose loss-making acquisition.
Pearson leaps and Merlin dives as FTSE slips
Education group Pearson thrills investors with positive update after tough two years but Merlin Entertainments plunges as security fears deter visitors.
- FCA fund panel chair denies bias and apologises to Schroders and the IA
- Fund fraudster's sentence increased for failing to pay confiscation order 4
- $50k bitcoin and Corbyn for PM? Nine fund views on 2018 1
- Tech trouble sees Close Bros turn away new clients
- Two US regulators warn on crypto dangers as ethereum hits record high
CISI slams FCA plan to scrap Approved Persons Register
The Chartered Institute for Securities & Investment (CISI) has criticised the Financial Conduct Authority’s (FCA) plans to limit the scope of the Financial Services Register.
Is the auto industry the next ‘Big Short?’
Randeep Grewal, portfolio manager of the Trium Opportunistic Equity fund, explains why he believes the auto industry is the next big short.
How to make a compensation payout last a lifetime
Making sure personal injury compensation money lasts without taking huge risks poses big challenges.