Tag: Theresa May

Brent crude climbs 2pc

Brent crude climbs 2pc

The FTSE 100 maintained earlier gains at 7,152.15 having risen during the morning session in line with European indices and following a decent showing overnight in Asia. International benchmark Brent crude surged 2.11pc to $62.81 as OPEC de facto leader Saudi Arabia said it would reduce oil production to nearly […]

FTSE 100 up as oil reaches 2019 high

FTSE 100 up as oil reaches 2019 high

The FTSE 100 edged 0.299pc higher at 7,041.22 after a boost in oil prices helped supermajor Royal Dutch Shell lead the index. Up 2.2pc, while its rival BP crept 0.7pc higher. Brent crude edged 0.27pc higher at $62.92, having reached a 2019 high of $63.63 a barrel, which came as […]

Price cap revision could see £100 rise in energy prices

Price cap revision could see £100 rise in energy prices

UK energy bills could rise by £100 per year as regulators are set to announce a major hike to the energy price cap on default gas and electricity tariffs, just weeks after it was first introduced. As of the 1st January, a price cap has been implemented by energy regulator, […]

Sterling up as May survives vote of no confidence

Sterling up as May survives vote of no confidence

The FTSE 100 was steady at 6,872.76 as gains were offset by stocks that did not benefit from the rally in the value of the pound, including oil giant BP that was down 2.25pc. Brent crude dipped below the $60 mark after it dropped 0.83pc to $59.65, under pressure from […]

Markets up as May vows to fight leadership challenge

Markets up as May vows to fight leadership challenge

The FTSE 100 rose 1.146pc at 6,884.93 as it looked increasingly likely that UK Prime Minister will survive a vote of no confidence after a wave of support from senior Tory MPs. UK energy giant Centrica was amongst the top performers on a strong FTSE 100, up 3.73pc. Brent crude […]

Centrica loses on a steady FTSE 100

Centrica loses on a steady FTSE 100

The FTSE 100 was up 0.317pc at 6,799.57 as UK GDP grew by 0.4pc in the three months to October 2018 ahead of an expected statement by UK Prime Minister Theresa May later today. UK energy giant Centrica was amongst the biggest losers on the UK index, down 4.15pc. Brent […]

Draft Brexit deal could damage UK oil

Draft Brexit deal could damage UK oil

Analysts have warned that the UK’s draft withdraw agreement for leaving the European Union could increase the costs of retaining skilled workers, threatening the industry. Last week a draft Brexit deal was published, which according to analysts contained a number of uncertainties for the industry. David Gibbons Wood, a business […]

May’s fight for Brexit deal supports markets

May’s fight for Brexit deal supports markets

The FTSE 100 was 0.419pc higher, supported by mining stocks, as UK Prime Minister Theresa May continued to fight her support for her Brexit deal. International benchmark Brent crude was up to $67.00 this morning, rising for the fourth consecutive day, buoyed by expectations that Saudi Arabia will encourage OPEC […]