Daily market update

Centrica calls profit at top end of expectations and Ashtead's record results

“The FTSE 100 was a touch higher but largely treading water ahead of US inflation numbers later on,” says AJ Bell investment director Russ Mould.

“These...

Tue, 13/06/2023 - 10:58

FTSE higher with central banks in the spotlight, Glencore eyes Teck coal assets and Frasers takes stake in AO

“The FTSE 100 ticked higher on Monday as central banks once again find themselves in the spotlight,” says AJ Bell Investment Director Russ Mould. ...

Mon, 12/06/2023 - 10:09

US stocks in bull market territory and Croda warns on profit amid destocking

“Tech stocks have enjoyed a resurgence this year, so much so that the S&P 500 is now officially in bull market territory,” says Russ Mould,...

Fri, 09/06/2023 - 10:02

FTSE 100 flat as Canada follows Australia in raising rates, Crest Nicholson slips amid property market gloom, Wizz Air’s expansion plan starts to pay off and FirstGroup shrugs off loss of TransPennine franchise

“Canada and Australia don’t often have a central role in moving the markets but the decision by both countries’ central banks to resume rate hikes...

Thu, 08/06/2023 - 10:28

FTSE 100 lower after weak Chinese data, Diageo CEO Sir Ivan Menezes dies, betting industry veterans take 888 stake and Zara-owner Inditex shines

“The FTSE 100 lost some of the momentum it enjoyed off the back of the US debt ceiling deal and jobs numbers, not helped by...

Wed, 07/06/2023 - 09:42

Markets pause for breath, British American Tobacco faces more headwinds and Chemring boosted by defence sector prospects

“After a brief rally since the end of last week, markets have taken a moment to catch their breath, with the main indices across Europe...

Tue, 06/06/2023 - 10:25

FTSE 100 higher as Saudi pledges oil output cuts, reports that Asos received £1 billion takeover approach and Diageo’s new boss steps up early

“Higher oil prices typically translate into a strong showing for the UK market due to BP and Shell’s heavy weighting in the index...

Mon, 05/06/2023 - 10:24

Full sign-off for debt ceiling deal helps boost sentiment, US jobs numbers in focus, Dechra agrees to takeover

“As expected, the Senate swiftly approved the new debt ceiling deal in the US prompting relief in the markets with the FTSE 100 making decent...

Fri, 02/06/2023 - 10:10

Markets higher after House of Representatives signs off on debt ceiling deal, house prices dip, Dr. Martens’ profit under pressure and Auto Trader squeezes more out of client base

“The FTSE 100 started the day on the front foot as the US debt ceiling deal was approved by the House of Representatives, virtually guaranteeing...

Thu, 01/06/2023 - 11:32

FTSE 100 lower as debt ceiling worries linger, B&M demonstrates its value credentials and WH Smith banking on a summer travel recovery

“The FTSE 100 started Wednesday on the back foot. The deadline for an agreement on the US debt ceiling may have been pushed back from...

Wed, 31/05/2023 - 10:02

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