Proactive Investors News

FTSE 100 closes in red as Brexit clock ticks down

FTSE 100 closes 43 points lower Pound rebounds amid renewed hopes for Brexit deal Wall Street mixed 5pm: Footsie closes in red as Brexit talks continue FTSE 100 index closed in the red Wednesday as the strengthening pound hit the British blue-chip benchmark and its dollar earning members, while the Brexit clock continues to tick down. Footsie closed down 43.7 points at 7,167. Its midcap cousin and more UK focused index FTSE 250 shed around nine points to 20,187. While on Wall Street, markets were also generally lower, weighed by continuing fears over US, China trade and weak retail sales numbers. >>>

Instem hails contribution of informatics arm

Instem PLC (LON:INS) said it is seeing strong demand for its informatics services with the value of new orders growing by 58% to £840,000. While the division’s contribution is relatively minor at the moment, it is the pace of expansion that has excited chief executive Phil Reason and the team. WATCH: Instem PLC reports strong demand for its informatics services Total order numbers are up by 90% during the first nine months with new business coming from 10 unique clients, compared with six a year earlier. >>>

Faron Pharma “extremely happy” with progress of Clevegen trial

Faron Pharmaceuticals Oy's (LON:FARN) Clevegen cancer treatment has shown its safety credentials in its initial clinical trials. The biopharma firm said that feedback from a dose escalation study had confirmed that Clevegen had “good tolerability” across all dosing levels tested with no dose limiting toxicity observed, adding that lower doses could potentially induce a “stronger immune response” and was now considering tests on lower dose levels of around 0.1-1 milligrams per kilo (mg/kg) rather than higher dosages of 20 mg/kg as previously planned. >>>

ASOS shares shine but lack of guidance leaves analysts in the dark

ASOS PLC (LON:ASC) shares surged on the back of hotly-anticipated results but analysts and investors were left rather puzzled as the financial report was focused more on the past than the future. After Wednesday’s 274% rise to 3,238p, the shares have oscillated wildly from highs of close to 8,000p early last year and lows close to 2,000p this summer, leaving shareholders disorientated at the very least. READ: ASOS wants its customers back after a year of “substantial change” Analysts were only slightly better orientated and many were still pondering what it all means. >>>

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What happened in the stock market today

ASOS (LON: ASC) shareholders win big and Woodford Patient Capital Trust (LON: WPCT) continues to fall.

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Cryptocurrency isn't any kind of long-term strategy for income and won't make you richer. Try this 8% yielder instead and I think you'll be much happier.

The State Pension is rising 4%! But will it be enough to help you retire in luxury?

Good news: State Pensions benefits are about to rise. Bad news: the benefits are still pretty dire. Royston Wild examines what the hikes means for pensioners now and in the future.