Stock Markets

FTSE Closes 1.2 percent lower after coronavirus treatment options remain doubtful

FTSE Closes 1.2 percent lower after coronavirus treatment options remain doubtful

FTSE closed the week lower and Friday close was 1.2 percent lower compared to Thursday.

Colt reports fall in adjusted Q1 Ebitda; shares slip

Colt Group shares slipped as much as 14 per cent on Tuesday after the telecom services provider announced a notable fall in its adjusted earnings before interest, taxes, depreciation & amortization (Ebitda) in the first quarter of this year and slashed its full-year earnings expectations.

Ukraine Tension and Closed Markets Push Asian Stocks Lower

Tensions mounting in Ukraine and the signs of sluggish growth in China as well as the doubt about the timing when the U.S. Federal Reserve would begin tightening the interest rates have battered the markets globally during the past few weeks. Janet Yellen, the Federal Reserve Chair's last week's encouraging comments though helped pacify some wrecking nerves.

Gold Slides and the Trade Deficit Widens Causing the Yen to Drop

The yen dropped as Japan posted a wider trade deficit than what was estimated. A gain which was earlier noticed in Tokyo got erased. The price of gold fell and wheat moved back too.

J.C. Penney shares fall 13% Friday

The shares of J. C. Penney have fallen 13 per cent on Friday as the struggling retailer launched an issue of 84 million shares of common stock in a public offering in an attempt to build up its cash reserves.

The company has said that it will use the funds raised from the offering for meeting general corporate

M&S shares jump on back of takeover report

Stock in Marks & Spencer (M&S) on Monday surged on reports that Qatar's sovereign wealth fund is preparing to place a takeover bid for the British clothing retailer.

The stock hit a high of 407.7p a share before closing at 398.1p a share on Monday, up 25.6p from the previous close. The 6.9 per cent gain added more than £400 million to the market value of the retailer.

The stock gained on a report published by The Sunday Times newspaper that the Qatar Investment Authority had plans to assemble a consortium to place £8 billion takeover bid for the UK's biggest clothing retailer.