FTSE 100 close: Interest rate concerns linger as NatWest heads lower June 20, 2023 London’s FTSE 100 struggled for gains today as investors took a cautious approach before the Bank of England’s expected 13th straight interest rate rise on Thursday. The capital’s premier index shed 0.25 per cent to close at 7,569.30 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the [...]
FTSE 100 close: London index slips ahead of Bank of England interest rate decision as Next jumps June 19, 2023 London’s FTSE 100 slipped today ahead of a huge week for the UK economy, pushed lower by a resurgent pound knocking sentiment toward Britain’s biggest companies. The capital’s premier index fell 0.71 per cent to 7,588.49 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the UK economy, [...]
FTSE 100: Shares rise in London despite poor performance from supermarkets June 17, 2023 London’s top shares eked out another small gain, helping the FTSE end the week on 7,643 points. The gains were led by some of the UK’s biggest energy companies, which managed to outweigh some of the pressure put on supermarkets stocks, apart from Ocado which soared. By the end of the day, the FTSE 100 [...]
Wall Street ends best week since March on quiet note June 17, 2023 Wall Street has closed out its best week since March with a quiet finish on Friday, as stocks drifted to modest losses. The S&P 500 fell 16.25 points, or 0.4 per cent , to 4,409.59 after wobbling through the day. It still closed out a fifth straight winning week for its longest such streak since [...]
FTSE 100 Live: London markets open higher as Travis Perkins issues profit warning June 16, 2023 FTSE 100 opened higher on Friday on a boost from energy and mining stocks, despite a profit warning from Travis Perkins.
Wall Street: Stocks up as US winning streak kicks into a higher gear June 16, 2023 US stocks swept higher on Thursday, revving the longest rally for Wall Street in a year and a half into a higher gear. The S&P 500 rallied 1.2 per cent to reach heights untouched since April 2022. The Dow Jones Industrial Average climbed 428 points, or 1.3 per cent, while the Nasdaq composite rose 1.1 [...]
FTSE 100 close: London index reverses losses as Bunzl struggles June 15, 2023 London’s FTSE 100 was dragged lower today by investors piling out of outsourcer Bunzl despite the firm this morning raising its revenue forecast before reversing losses in the afternoon session. The capital’s premier index jumped 0.34 per cent to 7,628.27 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health [...]
‘US investors back themselves’: Why WE Soda will be heading to New York after snubbing London June 15, 2023 London was dealt a fresh blow yesterday when soda ash firm WE Soda revealed it had scrapped its plans to float in London just one week after making the announcement.
Odey Asset Management set to be broken up in the wake of sexual assault allegations June 15, 2023 Beleaguered hedge fund Odey Asset Management is set to be broken up after being hit by an exodus of investors in the wake of sexual assault allegations against its founder Crispin Odey.
FTSE 100 close: Rio Tinto and Glencore hoist London index as UK economy resumes growth June 14, 2023 London’s FTSE 100 jumped today, led higher by industrial giants offsetting losses among retail and consumer-focused firms and housebuilders. The capital’s premier index added 0.1 per cent to close at 7,602.75 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the UK economy, was largely unchanged at 19,175.50 [...]