Daily market update

China rally goes into overdrive, oil prices retreat on fears of extra supply from Libya, Diageo jumps as things are bad but not getting any worse and Mitchells & Butlers faces sales slowdown

“It’s a good day to be invested in the markets as major equity indices pushed ahead across Europe and Asia,” says Russ Mould, investment director...

Thu, 26/09/2024 - 10:07

Markets pause for breath, Rightmove rejects third bid, activist grabs seat on Rentokil board, DFS still struggling, OECD offers glimmer of hope on UK economy

“Banks, utilities and tobacco stocks were at the top of investors’ lists for trimming positions, causing the FTSE 100 to lose momentum. The index was...

Wed, 25/09/2024 - 10:19

Raspberry Pi passes first post-IPO test, Card Factory profit slumps and Smiths Group misses forecasts


“China has been searching for solutions to its economic growth challenge for some time, and stimulus measures haven’t really worked. It’s gone from...

Tue, 24/09/2024 - 10:10

FTSE 100 steady, gold at record highs, third bid for Rightmove may not be high enough, Apollo eyes Intel investment and Alphawave IP revenue halves

“The FTSE 100 was steady in early trading on Monday after seeing losses on Friday as US stocks slipped,” says AJ Bell investment director Russ...

Mon, 23/09/2024 - 09:54

FTSE 100 lower as bumper retail sales overshadowed by worrying public debt and consumer confidence data, Nike replaces CEO and $8 billion wiped off value of FedEx

“The FTSE 100 started off on the back foot on Friday despite record highs in the US overnight. The index was dragged lower by a...

Fri, 20/09/2024 - 10:22

Fed ditches laggard reputation with bold rate cut, markets respond favourably, Next upgrades guidance after bumper first half and Ocado Retail shines in third quarter

“Central banks have a reputation of moving at a snail’s pace, spending too long analysing data and subsequently playing catch-up with their monetary policy decisions....

Thu, 19/09/2024 - 09:45

Investors focus on rate cuts, Legal & General’s Cala sale disappoints, bid talk lifts Advanced Medical Solutions, Games Workshop’s bare bones approach, AI IPO for UK and PZ Cussons’ woes

“While the Federal Reserve will almost certainly cut US interest rates today, it seems the chances of the Bank of England following suit with UK...

Wed, 18/09/2024 - 10:05

Risk-on mood sees widespread gains on FTSE 100, Microsoft surprises with $60 billion buyback, Kingfisher soars on upgraded guidance and Essentra at risk of losing FTSE 250 place

“European equity indices pushed ahead on Tuesday, including a 0.75% increase in the FTSE 100 as investors were in a risk-on mood. Banks, commodity producers...

Tue, 17/09/2024 - 09:57

Markets tread water ahead of rate decisions, UK housing strength faces big test, TI Fluid is latest UK takeover target and Playtech shares jump

“Markets have not shown any panic after yesterday’s apparent assassination attempt on Donald Trump,” says Russ Mould, investment director at AJ Bell.

“Futures prices imply...

Mon, 16/09/2024 - 09:54

FTSE 100 ticks higher as gold reaches new highs, Flutter Entertainment bets on Brazil, Vodafone and Three merger in doubt as CMA demands remedies

“The FTSE 100 ticked higher on Friday, putting the index on course for a solid if unspectacular week of gains,” says AJ Bell investment director,...

Fri, 13/09/2024 - 10:21

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