Daily market update

UK inflation reading weighs on domestic stocks, BYD in race to overtake Tesla, Whitbread on a roll and Just Eat muddles on

“Higher than expected UK inflation data has put the market in a spin, sending shares in housebuilders, airlines, banks and utilities into a downward trend....

Wed, 18/10/2023 - 10:35

FTSE 100 nudges ahead, Bellway in sticky patch, Rolls-Royce cuts jobs, Frasers target German expansion, Moneysupermarket riding high and Shoe Zone still in sweet spot

“The FTSE 100 managed to nudge ahead 0.4% to 7,661 as investors showed signs of increased risk appetite, buying into stocks that have been weak...

Tue, 17/10/2023 - 10:08

Mute start for equities, Hipgnosis Songs Fund chaos takes a new turn and Frasers increases stake in Boohoo

“A mute start to the week for European indices suggests a sense of nervousness, particularly as the US reporting season gets underway and investors worry...

Mon, 16/10/2023 - 09:55

FTSE 100 steady after US inflation reading prompts selling, Microsoft takeover of Activision cleared by CMA and FDA tells British American Tobacco to stop selling vaping products

“The FTSE 100 was steady on Friday morning having lost a little of its recent momentum on Thursday afternoon thanks to a mixed US inflation...

Fri, 13/10/2023 - 09:56

All eyes on US inflation figures while The Restaurant Group takeover may not be a done deal

“Inflation is on everyone’s minds today ahead of the latest figures from the US. Core CPI inflation is forecast to ease year-on-year from 4.3% to...

Thu, 12/10/2023 - 09:50

FTSE 100 holds firm, China mulling investment in construction, LVMH sell-off constrains European stocks, GSK in new Zantac legal settlement, Travis Perkins and Forterra issue warnings

“The FTSE 100 was flat on Wednesday morning, consolidating yesterday’s big gains amid continuing noises within the US Federal Reserve that the need to hike...

Wed, 11/10/2023 - 09:50

Markets bounce back, Greencore and YouGov jump on positive updates, retail sector on profit warning alert due to warm weather

“Investors regained their appetite for risk after a troublesome start to the trading week linked to concerns about conflict in the Middle East and how...

Tue, 10/10/2023 - 10:26

Oil prices move higher on Middle East tensions and give the FTSE 100 a lift, Croda warns on profit, Metro Bank rallies on rescue fundraising

“The FTSE 100 was steady on Monday after the shocking events in the Middle East over the weekend, with the index supported by its oil...

Mon, 09/10/2023 - 09:46

Jobs numbers in focus, Aviva takeover talk lifts shares and Wetherspoons bounces back

“A slowdown in US jobs growth is expected to be the talking point of the day when new figures are released,” says Russ Mould, investment director...

Fri, 06/10/2023 - 10:18

Markets perk up as investors adjust to new landscape, Imperial Brands fires up another £1 billion buyback and Metro Bank shares slump on funding speculation

“The market sell-off which saw government bond prices fall and yields rise has taken centre stage this week, and investors continue to watch the 10-year...

Thu, 05/10/2023 - 10:30

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