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Archive for May, 2008

DAILY STOCKMARKET REPORT 23 May 2008

Markets
London - Retailers made strong advances on the London market yesterday after better than expected sales figures for April. Fashion chain Next joined supermarkets and DIY firms on the FTSE 100 Index risers board following official retail figures showing that falls in sales volumes during April was not as bad as feared. But the FTSE struggled for direction despite the retail boost, closing down 16.5 points at 6181.6. Early gains for commodity shares and some positive corporate news had seen the market get off to a good start, although investor sentiment turned as banks and miners suffered.

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Extension of flexible working rights

The Government has recently announced that an extra 4.5 million parents in the UK will soon gain the right to request flexible working. This follows its acceptance of the recommendations of an independent review conducted by Imelda Walsh, HR Director at Sainsbury’s plc.
Ms Walsh has recommended that the right should be extended to parents of children [...]

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DAILY STOCKMARKET REPORT 22 May 2008

Markets

London - UK stocks closed higher on Wednesday, dominated by record oil prices that sent energy stocks higher but cast the shadow of inflation over the wider market. The FTSE100 closed 6.5 points higher at 6198.1, after a volatile trading session as stocks fell elsewhere in Europe and in the US.

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DAILY STOCKMARKET REPORT 21 May 2008

Markets
London - UK stocks slumped on Tuesday, snapping a four day rally as investors sold overheated mining stocks, while US data and surging oil prices underscored inflationary concerns. The FTSE100 closed 184.9 points lower at 6191.6, its biggest one day fall since mid March and after gaining 1.2 percent on Monday.

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DAILY STOCKMARKET REPORT 20 May 2008

Markets
London - Booming mining stocks and yet more oil price rises saw the FTSE 100 index power up to its highest level for nearly five months yesterday. Buoyant metals prices and a flurry of broker upgrades saw the heavyweight mining sector account for the blue-chip index’s five biggest risers. A near 1% gain on Wall Street also aided momentum in London, leaving the Footsie up more than 1% or 72.2 points to end the day at 6376.5. It last closed as high on January 3.

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