Should I pay off my student loan before applying for a mortgage? Money Red fox forex: What should I charge a friend to rent my spare room? The FTSE 100 index at the close was down 27. Against both the dollar and the euro sterling climbed 0.
1375 trading bracket it has spent the past week floating about against the latter. This, alongside a red-splashed set of oil and mining stocks, erased the FTSE’s morning gains, with the UK index slipping under 7350 after falling 0. Gains in technology stocks have helped lift the Nasdaq. The Dow Jones Industrial Average was up 6. The Nasdaq Composite was up 15. Shares in Sky pushed higher on Thursday as rumours intensified that Disney and 21st Century Fox are edging closer towards a deal.
The broadcasting giant was up on the London Stock Exchange in response to reports that Disney is leading the chase to buy a significant slice of Fox’s media empire, which would include its 39 per cent stake in Sky. Fox-owner Rupert Murdoch and his family are favouring a transaction with Disney over Comcast because regulators would be more likely to clear the deal and they would rather be paid in Disney stock, sources told Reuters. The deal, which would include Fox’s movie assets and part of its TV assets, could be sealed as soon as next week, according to reports by CNBC. Speculation is also mounting that Sky chairman James Murdoch could be installed as Disney chief executive if the sell-off goes through. 7billion deal to buy the 61 per cent of Sky that Fox does not already own after Culture Secretary Karen Bradley referred the acquisition to Britain’s competition watchdog for an in-depth investigation. Bradley shifted Fox’s proposed takeover of Sky to the Competition and Markets Authority for a full inquiry earlier this year after a three-month probe by Ofcom.
While Ofcom raised concerns over media plurality, it found there was no reason to block the takeover bid on the grounds of broadcasting standards. But the CMA confirmed its investigation would focus on both media plurality and broadcasting standards. The European Commission has set a deadline of Sunday for British Prime Minister Theresa May to return to Brussels to deliver an offer on a Brexit divorce deal. The EU executive’s chief spokesman Margaritis Schinas told reporters that discussions were continuing following May’s abortive trip on Monday which was broken off due to objections from Northern Irish allies: ‘So far, no white smoke,’ he said. We stand ready to receive Prime Minister May at any moment in time when they’re ready,’ he added. This will have to happen this week. 7, and our week includes Sunday.
He said reports that negotiations could continue into next week were wrong, saying that EU leaders needed time after May’s offer to prepare a summit on Brexit next Friday where they may agree to launch trade negotiations with Britain. He noted that leaders’ advisers meet on Monday to prepare the summit. Lloyds Banking said it has sold its London headquarters to a Chinese property investment company for an undisclosed price. Under the terms of the sale to Hengli Investments Holding, Lloyds will lease back the 25 Gresham Street building, which it has occupied since its construction, for the next 20 years. The building sits in the heart of the City of London’s financial district. The sharp drop in the value of sterling following Britain’s vote last year to leave the European Union has lured foreign investors into the British real estate market. 444million from UK equity funds in October according to the latest data released by the Investment Association this morning.
This is the sixth consecutive month of outflows from UK equities. 2billion withdrawn from these funds so far this year. The root of this is no doubt the current cocktail of political and economic uncertainty enveloping the UK, combined with a stock market which is perceived to be propped up by a weak currency and loose monetary policy. The main beneficiary of the malaise towards UK equities has been the fixed income sectors, which have continued to attract large sums of money despite the prospect of rising interest rates presenting a headwind for bond funds.
There looks to be little value in the bond world at the moment, but in times of uncertainty money does flow towards fixed income securities, seemingly at any price. Land Registry figures lag behind the Halifax by one month. House prices slowing, fear and panic creeping in? The Halifax said that prices rose by 3. 9 per cent in the year to the end of November, down from 4. Connor Campbell at Spreadex said: ‘Sterling is perhaps facing the acutest issues, with Michel Barnier stating that the UK has 48 hours to agree on a potential deal to ensure talks can move on to the next stage. Barnier’s comments does, however, suggest a certain amount of resilience from the currency.