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’FTSE 100 back over 4,000
Yes, it is true. The FTSE 100 has broken through 4,000 for the first time since late Feb. So will it last?
Related links:
Dead cat splat! – FT Alphaville
Dead cat bounce factoids - FT Alphaville
FTSE quarterly review – what’s in and out
It’s reshuffle time again.
As usual, the review will be announced by FTSE on Wednesday, based on the previous session’s closing prices.
As things stand, the following companies look to be heading in and out of the FTSE 100.
Time for the tin hat?
FTSE 100 down 90 points.
UK’s public debt surges towards £1,200bn
Dow Jones Industrial registers new bear market low overnight.
The S&P 500 Financials Index falls 5.2 percent to its lowest level since January 1995.
Those November lows
Indices versus their November lows (Hat Tip Hobart Capital).
FTSE is actually being remarkably resilient by comparison…
Update 16:20 – Richard Crossley, technical guru at Merchant Securities,
The UK finds a friend
Not everyone has given up on the UK. Graham Secker, equity strategist at Morgan Stanley, reckons the plunge in sterling is a reason to buy the FTSE 100.
The reason? Historically, periods of sharply depreciating GBK GBP are usually positive for UK equities,
Prepare to face the Mother of all FTSE re-jigs
The next FTSE index constituents review is on 10 December, using share prices at the close of the previous day. Based on current market caps there would be half a dozen changes amongst the blue-chips, with another 20 or so each for the midcap 250 and smallcap indices.
Activist investor to target FTSE names
Glenn Cooper, the activist investor who led a campaign against Vodafone’s management strategy last year, said he’s started raising money for a £500m fund to mount similar campaigns against six or seven FTSE 100 companies,
Finding an excuse to buy
So what is it? A new Tarp? Rumours of large programme buying across Europe? Or are stock markets back to their old habit of betting on a rate cut? In London, the FTSE 100 has been as high as 4855; pre-open the futures market pointed to a level of 4600.
And crashing in at number eight
It’s September 29, FTSE watchers.
Presenting the Top 25 worst daily performances of the FTSE 100:
Date – Close Value - Change on Day – % Change on Day
20/10/1987 1,801.60
Bail out? What bail out?
Gone – the gains from the FTSE 100′s record breaking 8.8 per cent run on September 19.
London issues guides for foreign listings
Foreign companies will have to publicly pledge to uphold UK standards of corporate governance and investor protection if they want to be included in London stock market benchmarks such as the FTSE 100,
RAB Capital opts to stick with Aim
RAB Capital has decided not to move from Aim to the main London market even though it would have been a member of the FTSE 350 index and be able to attract investors who cannot invest in Aim stocks. The second-biggest UK listed hedge fund operator after FTSE 100 member Man Group said it had “no current intention”
Red faces at FTSE over errors in earnings data
FTSE International has had to correct recent errors in its earnings data that had distorted its calculation of key indices, including the price/earnings ratio in the UK market, discovered earlier this month.