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Blue Index News and Press Releases. Please visit this page often for regular updates regarding Blue Index as an organisation.

Volatility picks up as financials are hit hard again

4th July – Footsie runs into sellers again as market volumes decline The FTSE 100 index again ran into selling today as the focus remained on the beaten down stocks for which there was little respite, but volumes were low given the day off in the US. Bradford & Bingley fell again as leading shareholders had to step in and rescue its £400m fund raising after US private equity group Texas Pacific walked away. Marks & Spencer was also weak again on worries over its trading this year. Goldman Sachs yesterday cut its rating on Marks to "neutral" from "buy" after it reported a fall in Q1 like-for-like sales, and we are happy to remain short here with a 30% profit so far on our latest recommendation.

Footsie sees strong buying from the off today

Yesterday’s late rally on Wall Street suggests that for the first time in some weeks the smart money is beginning to buy into the market, and this has followed through with a good move in London.

Big selloff hits the UK market again

We have been wondering whether or not there might be a major selloff before this market decline is over, and today has seen a huge fall on the FTSE 100 index as another slew of bad news comes in. There has been talk of another wedge of major writedowns in the banks sector both here and in the US, and talk of imminent UK recession has been rife.

Footsie picks up on bargain hunting early on

After last week’s mauling, one or two bargain hunters were seen sniffing around the London market this morning with the FTSE 100 index was up around 25 points, and at the top of the list was Carphone Warehouse with a rise of over 4%.