Daily market update

Wall Street eyes rebound, Gear4music sings, Chapel Down up for sale, activist gets heavy with Elementis and Saga insurance woes balance out cruise success

“Last night’s sell-off in certain US tech stocks doesn’t appear to have had any lasting damage given how futures prices are pointing towards an ‘up’...

Tue, 25/06/2024 - 09:50

Reports suggest Shein has filed London IPO documents, Apple investors shrug off EU clamp down, mixed fortunes for China-related shares, Prudential soars on buyback and IBM lifted by broker note

“Hot on the heels of talk that Shein’s London IPO might have hit a brick wall, market chatter has done a U-turn with the suggestion...

Mon, 24/06/2024 - 17:14

FTSE 100 lower, concerns grow about Shein IPO, Prudential unveils $2bn buyback, Carlsberg secures PepsiCo waiver amid Britvic pursuit and SIG warns on profit

“The gloomy feel to markets at the back end of last week, as the technology giants like Nvidia which led stocks higher lost momentum,...

Mon, 24/06/2024 - 11:16

FTSE steady after buoyant retail sales and sobering public finances data, Britvic rejects Carlsberg takeover approach and Nvidia surrenders world’s largest company mantle to Microsoft

“The FTSE 100 was steady in early trading after buoyant UK retail sales but more sobering news about the state of the public finances,” says...

Fri, 21/06/2024 - 10:13

FTSE 100 higher as investors bet on near-term UK rate cut, Nvidia keeps flying and Ocado hits seven-year low on Canadian setback

“The FTSE 100 perked up after the Bank of England’s decision to leave UK interest rates untouched. A weaker pound was good for the index’s...

Thu, 20/06/2024 - 16:11

FTSE 100 higher ahead of UK rate decision, Sainsbury’s sells core banking arm to NatWest, YouGov warns and Tate & Lyle unveils major deal

“The FTSE 100 was in positive mode on Thursday as investors awaited the Bank of England’s interest rate decision at lunchtime,” says AJ Bell Investment...

Thu, 20/06/2024 - 10:47

Nvidia enjoys network effect while UK housebuilders dragged down by services inflation reading and negative comments from Berkeley

“Nvidia is enjoying a network effect – the more people talk about it, the more publicity it gets and the greater the demand for...

Wed, 19/06/2024 - 17:25

Pound jumps on inflation figures, Games Workshop’s blunt update hits the right note, Berkeley branches out to build-to-rent and Spectris warns on profit

“Inflation hitting the Bank of England’s 2% target might not be the magic moment desired by investors. The pound jumped on the news, implying little...

Wed, 19/06/2024 - 09:59

UK large and mid-cap stocks spring into action, Micron soars, BP leads FTSE 100 as oil price hits two-month high and investors poised for inflation data

“Sometimes all it takes is a positive analyst comment to propel a stock and that’s exactly what’s happened with Micron Technology. BofA has added...

Tue, 18/06/2024 - 17:35

93% of FTSE 100 in positive territory, another UK IPO, supermarkets battle bad weather, Whitbread wades through mud and Ashtead disappoints

“European markets enjoyed a strong start to Tuesday, with the FTSE 100 the biggest gainer among the continent’s key equity indices,” says Russ Mould, Investment...

Tue, 18/06/2024 - 10:45

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