LONDON MARKET MIDDAY: FTSE 100 Buckles With Travel Stocks In Retreat
Mon, 25th Jan 2021 12:02
(Alliance News) -Â London stocks were posting a downbeat start to the week as shares in travel firms crumbled under plans for tighter border restrictions across the globe to halt the spread of new coronavirus strains.
The FTSE 100 index was down 30.16 points, or 0.5%, at 6,664.91 on Monday at midday. The mid-cap FTSE 250 index was down 99.48 points, or 0.5%, at 20,497.43. The AIM All-Share index was up 0.8% at 1,204.72.
The Cboe UK 100 index was down 0.3% at 663.44. The Cboe 250 was down 0.7% at 17,844.56, and the Cboe Small Companies up 0.1% at 12,255.69.
In mainland Europe, the CAC 40 in Paris was down 0.4% while the DAX 30 in Frankfurt was 0.2% lower on Monday.
Germany's current account surplus shrank for the fifth year in a row in 2020 as China overtook Europe's biggest economy during the COVID-19 pandemic to run the world's largest current account surplus, a survey by the Ifo institute showed on Friday.
Source: Statistisches Bundesamt, Wiesbaden On a price- and calendar-adjusted basis, 2020 GDP was down 5.3% as the number of working days was higher in 2020 than in 2019. In industry (excluding construction), which accounts for just over one quarter of the total economy, the price adjusted economic performance fell 9.7% from 2019, with manufacturing down 10.4%. Industry was affected by the pandemic especially in the first half of 2020, due to temporary disruptions in global supply chains, the Statistisches Bundesamt said. The economic slump was particularly strong in the services sector where decreases were “as severe as never before”, the agency said
UK TOP NEWS SUMMARY: UK-EU Brexit Talks At Moment Of Truth - Barnier
Fri, 18th Dec 2020 11:10
(Alliance News) - The following is a summary of top news stories Friday.
COMPANIES
Tesco said it has completed the sale of its businesses in Thailand and Malaysia to CP Retail Development, as it confirmed its intention to pay a special dividend. Back in March, the FTSE 100 grocer agreed to sell these to a combination of CP Group entities for USD10.6 billion on a cash and debt free basis. At the time, it said it expected to secure USD10.3 billion upon completion of the transaction, returning GBP5.0 billion of this to shareholders via a special dividend. Thailand s CP Group entities comprise of CP Retail Development Co, Charoen Pokphand Holding Co, CP All Public Ltd Co and CP Merchandising Co. On Friday, it announced the completion of the sale , noting the special dividend is expected to be paid on February 26, assuming approval at a general meeting expected to be held on February 11. It