Daily market update

Mining stocks tick higher on iron ore rebound, FTSE 100 stuck in the mud, breakthrough for Barratt’s takeover of Redrow

“The mining sector was a rare bright spot on the FTSE 100 on Wednesday as names including Rio Tinto and Glencore pushed higher...

Wed, 21/08/2024 - 10:23

FTSE 100 dragged lower by oil stocks despite US gains, BT down amid rumours of Sky and CityFibre link up and Palo Alto Networks beats expectations after rival CrowdStrike’s big outage

“The FTSE 100 started off Tuesday on the back foot despite gains in the US and Asia overnight as its heavy weighting towards oil stocks...

Tue, 20/08/2024 - 10:22

FTSE 100 dips ahead of Jackson Hole and Asian central bank action, Barratt and Redrow to press ahead with tie-up

“The FTSE 100 started the week in sluggish fashion, starved of catalysts either from a macro-economic or corporate point of view,” says AJ Bell Investment...

Mon, 19/08/2024 - 09:56

FTSE 100 dips despite global gains, pound higher after raft of upbeat UK economic data and GSK gets positive Zantac ruling in Florida

“The market’s short, sharp shock at the start of August is starting to feel like a distant memory as global indices claw back their losses...

Fri, 16/08/2024 - 09:53

FTSE 100 ticks higher after GDP release, Cisco Systems beats forecasts and unveils job cuts and Admiral impresses as it delivers bumper dividend increase

“The FTSE 100 ticked higher on Thursday morning after decent gains in the US and Asia overnight and as UK GDP figures came in as...

Thu, 15/08/2024 - 09:45

UK inflation comes in lower than expected as markets await US figure later today, TUI maintains guidance and Balfour Beatty optimistic as profits creep up

“A lower-than-expected jump in UK inflation has boosted market expectation that the Bank of England could deliver another rate cut next month,” says AJ Bell...

Wed, 14/08/2024 - 09:18

FTSE 100 makes steady start, unexpected drop in unemployment lifts pound, Dowlais profit and cash flow plunges and Genuit hit by weak construction market

“The FTSE 100 ticked higher on Tuesday morning as the calm which returned to markets in the latter half of last week persists,” says AJ...

Tue, 13/08/2024 - 09:38

London markets steady, JD Sports shares down, Burger King UK serves up strong numbers, hospitality sector warns of riots impact

“London markets have been steady this Monday, a vastly different story from last week’s meltdown. comments Danni Hewson, AJ Bell Head of Financial Analysis

“But...

Mon, 12/08/2024 - 17:43

FTSE 100 makes steady start to the week, JD Sports hit by downgrade, India’s Bharti to buy Drahi’s stake in BT, Marshalls profits slump

“After a volatile week last week investors will be relieved to see the FTSE 100 start off on Monday with steady gains,” says AJ Bell...

Mon, 12/08/2024 - 10:03

Persimmon sees completions at top end of guidance, Warner Bros Discover slashes valuation of cable channels and Deliveroo delivers profit and cash flow

“The FTSE 100 gave back a big portion of the gains chalked up on Wednesday as global markets remain jittery after the recent sell-off,” says AJ...

Thu, 08/08/2024 - 10:01

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