FTSE 100 Recovers in 2021 To Be up 14.3% After 2020 Annus Horribilis

UK’s Blue-Chip FTSE 100 recovered in 2021, its best year since 2016, after suffering its worst year since the 2008 financial crisis in 2020. On the last day of the year, it closed 0.3% lower at 7384, up 14.3% for the year. Stocks recovered from some of the Covid-19 pandemic lockdowns and Brexit uncertainty. Other than in Spain, Britain’s top stocks were the poorest performer among the largest European stock indices. FTSE 100 closed at 7384 points on Friday, having … Continue reading “FTSE 100 Recovers in 2021 To Be up 14.3% After 2020 Annus Horribilis”

BP Raises Dividend and Buybacks After Higher Commodity Prices Boost Profits

British oil major BP PLC reported better than expected second quarter earnings Tuesday. $BP approved a dividend hike of 4% & plans to buy back $1.4 billion worth of shares. Higher profit margins at convenience stores in BP’s petrol stations boosted results.

Brexit and Lockdowns See FTSE 100 Have Worse Year Since 2008 in 2020

The UK’s Blue-Chip FTSE 100 suffered its worst year since the 2008 financial crisis in 2020. On the last day of the year, it closed 1.5% lower at 6,460, down 14.3% for the year. Stocks were hit by the Covid-19 pandemic lockdowns and Brexit uncertainty. Other than in Spain, Britain’s top stocks were the poorest performer among the largest global stock indices. The FTSE 100, known as the Footsie, started the year at 7,542 points and closed on New Year’s … Continue reading “Brexit and Lockdowns See FTSE 100 Have Worse Year Since 2008 in 2020”

German DAX and French CAC Lead World Indices Lower on Covid Lockdown Fears

Stock markets tumbled Wednesday as Coronavirus cases surged throughout Europe sending the European stock indices sharply lower. The German DAX – 4.4%, French CAC40 -3.69% and Italian FTSE MIB -3.6% leading the UK, Europe and US indices all into deep red territory.

BP Beat Earnings On Higher Oil Prices, Sees Lower Refining Margins

British Oil major BP PLC reported better than expected second quarter earnings Tuesday. $BP have been continuing it’s share buy back program. $BP reports ahead of fellow majors $XOM, $CVX and RDSA earnings, $COP  and $TOT reported last week.