Finance

FTSE 100 Hits Record High Again

Download IPFS Britain’s FTSE 100 closed at a record high for the third consecutive day on Thursday, as resilience in the UK economy and renewed investor confidence helped drive the index higher. The blue-chip index rose 0.2%, reversing earlier losses, while the mid cap FTSE 250 slipped 0.3%. Heavyweight healthcare[Read More…]

ASX Recovers as Banks Lead Gains

Download IPFS Australia’s sharemarket steadied on Wednesday, bouncing back after a sharp sell-off triggered by healthcare giant CSL’s record one-day fall. Gains in banking and real estate stocks supported the rebound, providing some relief to investors following two volatile trading sessions. The S&P/ASX 200 closed 21.8 points higher, or 0.25[Read More…]

Sanjeev Gupta Seeks Steel Rescue Plan

Download IPFS Sanjeev Gupta, the metals tycoon behind Liberty Steel, is proposing a refinancing plan to save the company’s Speciality Steels UK (SSUK) division from compulsory liquidation. The plan involves transferring SSUK, the UK’s third-largest steel producer, into an independent trust-like structure for the benefit of his family. This follows[Read More…]

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