How high can the ftse 100 go as pound sterling braces for further losses_ _ the independent

More than two weeks into the New Year, the FTSE 100 has yet to suffer a session of losses in 2017. Database erd It’s notched up 14 consecutive days of gains, extending its remarkable rally since the June 23 Brexit vote.

Because of sterling’s nosedive since the Brexit referendum, the income that internationally exposed companies generate overseas becomes worth more when brought back home. Database google docs Effectively, it means an instant boost to the earnings power of the UK’s biggest companies in sterling.


Dennis Jose, a European equity strategist at Barclays, forecasts the index hitting 7,600 by the end of 2017. Database 5500 It’s currently around 7,333 and it was below 5,800 a year ago.

Mr Jose says that “a combination of a weak sterling, recovering commodity prices and robust growth in global economies” will likely lead to earnings growth in the index of around 10 per cent.

He says that although Brexit negotiations, and a potential triggering of Article 50, will undoubtedly cause episodes of volatility, that’s “unlikely to cause a severe recession in the UK economy,” which could lead to a major sell-off in stocks.

In any case, he predicts that the impact on earnings of a weaker pound “should supersede a slowdown in the domestic economy, given the international nature of the FTSE 100 index”.

Top economists and strategists have warned that Theresa May’s vision of Brexit lacks credibility and clarity, a day after the Prime Minister delivered an agenda-setting speech on Britain’s future outside the EU.

In her speech in London on Tuesday, Ms May confirmed that Britain will leave the EU’s single market to regain control of immigration policy and said that she wants to renegotiate the UK’s customs agreement and seek a transition period to phase in changes all while remaining a “best friend” to the bloc.

Shares in Fiat Chrysler plunged on Thursday after US authorities said that the carmaker had violated the Clean Air Act by allowing excess diesel emissions in some vehicles.

The US Environmental Protection Agency (EPA) accused the company of using software that allowed excess diesel emissions in just over 100,000 US trucks and SUVs sold since 2014.

Shares listed in Europe were recently trading around 18 per cent lower on the day. Data recovery kit Shares in the US fell 16 per cent before being halted from trading, wiping $2.3bn (£1.88bn) off the company’s market value.

A rise in global income inequality, that already helped spur the Brexit vote and Donald Trump’s election victory, are expected to shape world developments over the next decade, according to the World Economic Forum.

For a report published ahead of its annual summit in Davos next week, the WEF surveyed 750 risk experts and found that rising income and wealth disparity were cited as the most important trends in determining global developments over the next 10 years.

London Mayor Sadiq Khan has ended any hopes to purchase new Routemasters bus for the capital’s streets as he tries to balance the books on London’s transport budget.

Once called ‘Boris buses’ named after his the previous mayor, every bus would cost around £350,000 each, or around £50,000 more than an ordinary bus.

Britain’s blue chip FTSE 100 set a new record on the last day of trading of 2016 after climbing to record closing highs for two consecutive days.

The blue-chip index gained 22 points or 0.3 per cent, to finish at 7142 points on Friday, its third closing high in as many days and a new intraday high.

Hatton Garden was the centre of the world’s diamond market, but traders are fighting to bring back the glory days, as they are squeezed by rising rents and the uncertainty created by the UK vote to leave the EU.

The world’s oldest bank, Monte dei Paschi di Siena, is poised for a multi-billion state bailout after it admitted on Wednesday that a private rescue plan was unlikely to succeed.

The Italian parliament looks set to step in to save Monte dei Paschi di Siena, recently judged the weakest of the European Union’s major banks, over the next few days using a new €20bn (£17bn) rescue fund designed to prop up Italy’s struggling lenders.

Pharmaceutical company Actavis has been accused of overcharging the NHS by raising the price of hydrocortisone tablets by more than 12,000 per cent over the course of eight years.

Hydrocortisone tablets are used by people with adrenal insufficiency, a life-threatening condition where their adrenal glands do not produce enough natural steroid hormones.

Data produced by Bloomberg New Energy Finance (BNEF) showed the cost of solar in 58 lower-income countries – including China, Brazil and India – had fallen to about a third of levels in 2010 and was now slightly cheaper than wind energy.

Barely a week after taking shots at Boeing, Donald Trump took aim at Lockheed Martin’s F-35 fighter jet programme, saying the cost was “out of control”.Following the tweet on Monday morning, shares of the aerospace company plunged by more than 4 per cent in early trade.

Leading international UK-based banks are in advanced stages of planning to shift operations to Paris as London braces for the impact of Brexit, France’s chief financial regulator has said.

Paris is among a number of European cities seeking to woo firms considering a move away from London to maintain their access to EU markets, and faces competition from Dublin, Frankfurt and Luxembourg, among others.

Drug firms Pfizer and Flynn Pharma have been fined nearly £90m by the UK’s competition watchdog for “unfair” pricing to the NHS after hiking up the cost of an anti-epilepsy drug by up to 2,600 per cent.

Crowds were thin at U.S. Database meaning malls and stores on Black Friday morning, formerly the traditional start of the holiday shopping season, with stores opening earlier and online sales expected to take the biggest share of gains in retail sales over last year.

The pound has risen against all of its major peers on Thursday after the Government announced it cannot trigger Article 50 without parliament approval and the Bank of England said it is no longer expecting to cut interest rates this year.

Environmental groups expressed dismay at the Government’s decision to give a third runway at the airport the go-ahead – and Greenpeace vowed to challenge it in the courts.

Allowing Heathrow to expand will create “a serious obstacle” to meeting the UK’s commitments on climate change and reducing air pollution, a leading scientist has warned.

Nearly ten thousands Chinese jobseekers are competing for one position: an officer worker at a political organisation.China’s annual civil service recruitment drive began on October 15, with more than 27,000 vacancies on offer in over 120 central departments – drawing about 1.4 million applicants this year.

Job seekers registering for the civil exams are required to pick the positions they are most interested in when they sign up for the test but one job was more popular than others.

China’s annual civil service recruitment drive began on October 15, with more than 27,000 vacancies on offer in over 120 central departments – drawing about 1.4 million applicants this year.

The head of financial development for Luxembourg said a string of overseas banks and fund managers had explored moving London staff to the tiny country since the Brexit vote.

French finance Minister Michel Sapin said that US banks had confirmed to him they would move some activities out of Britain to other European countries as the UK prepares to leave the EU.

Sapin revealed that the executives of major US banks have told him they were working on contingency plans, after their meeting last week in Washington.

Tesco has removed a number of popular products such as Marmite, Bovril and PG Tips from its online store following a price row with supplier Unilever over the plunging pound.

Multinational household goods giant Unilever has reportedly demanded a 10 per cent price rise in its products, including those made in the UK, to offset the higher cost of imported goods.

Britain’s index of leading shares slipped on Wednesday from record highs reached in the previous session, partly reflecting currency moves which weighed on some of its global companies

The blue-chip FTSE 100 equity index, which hit a record high of 7,129.83 points on Tuesday, fell 0.5 percent to 7,038.22 points. Gale database The FTSE 250 mid-cap index fell 0.4 percent but also remained near record highs reached this month.

The dollar dipped while sterling rebounded a touch from a brutal sell-off this month, as British Prime Minister Theresa May’s offer to give lawmakers some scrutiny of the process behind Britain’s plans to leave the European Union calmed market fears of a “hard Brexit”.

Samsung finally bowed to pressure, permanently ceasing production of its fire-prone Galaxy Note 7. Data recovery pc The move came after replacement versions of its flagship phone phone – which Samsung claimed were safe – also burst into flames. Data recovery easeus October 12 2016.

The British pound has suffered a sudden collapse hitting a new 31-year low against the US dollar in mysterious circumstances, sparking market chaos in “insane” early trading.

Sterling has continued its “slippery decline” as ongoing fears over the consequences of “hard Brexit” haunt investor attraction towards the currency.

The currency has fallen below the “psychologically important” $1.27 level, down 0.3 per cent to $1.2695 in early trading on Wednesday, extending Tuesday’s selloff.

sterling hit an intraday low of $1.2736 on Tuesday morning. Top 10 data recovery software That surpasses the post-referendum low of $1.2798 reached on the day after the vote, which was the lowest level seen since the mid-1980s.

Chancellor Philip Hammond has apparently rejected the plan of his predecessor George Osborne to slash corporation tax to just 15 per cent in the wake of the UK’s Brexit vote.

In early July Mr Osborne said he wanted to push the levy on company profits to 15 per cent as a bold signal to global companies that the UK is still “open for business” despite the vote to leave the EU.

In his speech to the Conservative Party conference in Birmingham today, Mr Hammond made no reference to that 15 per cent goal, merely referencing the existing policy for the levy to decline to 17 per cent.

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