The FTSE closed down with significant percentage decrease. It was closed at 7,418.22. On the other hand, pound rises above $1.30 as Brexit talks are still continued. One of the energy giant BP profits were not good for the recent quarter as the prices of oil went down. Santander earnings scaled new low with 35% rate amid all the confusion around Brexit. Supermarket data has been released by the firms. Company data and updates began to flood in the market as subdued Monday was relatively dull and busy week kicked off with the reports.
BP’s profits were down by 12% in the first quarter because of the lower oil prices in the market. Meanwhile, Santander earnings were also tumbled down because of the Brexit talks and confusion in the country. One of the heavyweights of FTSE also gives updates about their business in the morning. Glencore and Whitbread are one of the prominent markets of FTSE.
How Alphabet Shares Fell Down With Uncertainty Around Brexit?
Alphabet Shares Fell By 9% because of the uncertainty around the Brexit. Alphabet is a parent company of Google. Currently, they are the talk of the town as the company posted a slowdown in the sales by 9%. The total revenue for the period of three months was $36.3 billion. The expectations were huge but it closes down at this level. Sales comparison shows a sudden decrease with last year sales in the same period. New York companies and trade marketers also listed Alphabet shares 9% down.
Rise Of McDonald’s Through New Tactics
McDonald’s sales are increased with the introduction of Big Mac Burger and Veggie Wrap. The sales for the first quarter is 5.4 %. In the United Kingdom, it was seen as a good start to the year because of the successful launch of a new burger and wraps which are extra delicious and good.
The company launched an application for the timely delivery and efficient services. Nearly one out of ten sales are ordered through the app. MyMcDonald’s app is a good one for the customer-oriented business.
Pounds reaches new height against dollar and euro with all these favorable circumstances. The pound rose about 0.8 % against the dollar and for the euro, it was recorded as 0.5 %.
In the meantime, Wall Street shows a sudden decrease because of all the issues. Google results were significantly down to some level. Dow Jones shows good growth because it was backed by McDonald’s. Insolvencies are down on the record but still up in comparison to last year. It is a big issue for the town. Personal insolvencies are up by 16% and it reached a new scale in the last quarter of 2018. Debt Relief Orders are also a matter of concern for authorities and officials. The reasons for the insolvencies are bad credit, economic fall down and Brexit uncertainty. Most of the people are looking for immediate help from the Government. They wanted to be in normal condition again.