Daily market update

Oil producers fire up the FTSE, Reckitt shares hit 11-year low on negative legal read-across, Heineken shares slump, Pearson’s lack of new buyback disappoints investors

“Energy producers gave the FTSE 100 a welcome boost at the start of the new trading week, with the index rising 0.8% to 8,350,” says...

Mon, 29/07/2024 - 10:46

FTSE 100 on course to end week on a high ahead of US inflation reading, Mercedes lowers margin guidance, NatWest beats forecasts and raises guidance and robust results from Rightmove

“The FTSE 100 looks set to end the week on a high despite a continued sell-off in US tech names,” says AJ Bell Head of...

Fri, 26/07/2024 - 10:33

Markets weak after US tech sell-off, Centrica profit ‘normalises’, ITV’s Euros boost wasn’t enough, Nissan slumps and Anglo American announces further UK mine write-down

“Wednesday’s big slump in tech stocks saw US indices endure their worst session since 2022,” says AJ Bell Investment Analyst Dan Coatsworth.

“The weakness...

Thu, 25/07/2024 - 10:16

FTSE 100 lower, luxury sector in a funk, big change for Reckitt, Tesla disappoints, mixed results for Alphabet and Aston Martin reaffirms guidance

“The FTSE 100 was lower after disappointing corporate results in the US and a lacklustre session on Wall Street,” says Dan Coatsworth, Investment Analyst at...

Wed, 24/07/2024 - 10:44

Investors await updates from Tesla and Alphabet, UPS underdelivers, Spotify hits the right note and Coca-Cola impresses

“Investors aren’t pulling any punches when it comes to disappointing updates this earnings season and as we brace for the first of those Magnificent Seven...

Tue, 23/07/2024 - 17:31

FTSE dragged down by miners, SAP soars, Beazley relief after global IT outage update, reports suggest Alphabet’s Wiz bid has failed, Porsche cuts revenue forecasts and Compass lifts guidance

“The FTSE 100 was dragged down by a poor showing from the mining sector off the back of a weak copper price,” says Dan Coatsworth,...

Tue, 23/07/2024 - 10:21

European airlines suffer turbulent day, CrowdStrike shares fall as details of IT shutdown emerge and tech stocks see boost amid political uncertainty in the US

“It’s been a turbulent day for European airline stocks after Ryanair’s hefty profit fall and warning that the days when travellers would begrudgingly pay...

Mon, 22/07/2024 - 17:07

Market appears to welcome Biden's withdrawal, Ryanair issues warning, bid talk for Rentokil, Ocado jumps, Entain appoints new CEO, Hammerson in major disposal and second English wine maker up for sale

“The market appears to have welcomed Joe Biden’s withdrawal from the presidential race, given how futures prices imply a decent opening for Wall Street. However,...

Mon, 22/07/2024 - 11:22

Market appears to welcome Biden's withdrawal, Ryanair issues warning, bid talk for Rentokil, Ocado jumps, Entain appoints new CEO, Hammerson in major disposal and second English wine maker up for sale

“The market appears to have welcomed Joe Biden’s withdrawal from the presidential race, given how futures prices imply a decent opening for Wall Street. However,...

Mon, 22/07/2024 - 11:22

Tech firms struggle to recover from yesterday’s slump, TSMC rides AI gravy train, ECB holds rates and investors eye Netflix’s water cooler moment

“Tech firms caught up in a geopolitical storm continue to churn out solid results, offering investors some reassurance that the key drivers behind earnings growth...

Thu, 18/07/2024 - 16:52

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