Daily market update

GSK up on legal relief and Haleon placing, THG calls off talks with Apollo

“Despite an unexpected 0.3% contraction in the UK economy in March, the first quarter still saw GDP growth of 0.1%, showing greater resilience than many...

Fri, 12/05/2023 - 10:10

European markets press ahead, investors fret over Disney subscriber dip, ITV hit by advertising slump and Rolls-Royce falls

“Yesterday’s news that US inflation eased slightly triggered a mixed reaction on Wall Street, with the S&P 500 rising 0.2% and the Nasdaq falling 0.6%....

Thu, 11/05/2023 - 11:46

Markets calm ahead of US inflation reading, ASOS goes from bad to worse, Wetherspoons expects profit at top of expectations, Airbnb slumps on weak outlook and TUI still short of pre-pandemic booking levels

“European markets pressed ahead on Wednesday, shrugging off any negativity from Wall Street’s disappointing session last night. The FTSE 100 rose by five points to...

Wed, 10/05/2023 - 10:17

Big moves in Asia, UK housing market setback, Direct Line’s recovery knocked off track, Nintendo and Sony results in focus

“European markets were fairly quiet on Tuesday compared to Asia where there were more pronounced moves up and down,” says Russ Mould, Investment Director at...

Tue, 09/05/2023 - 10:28

Apple beats expectations as iPhone sales rebound and IAG are back in profit

“The FTSE 100 started the day on the front foot despite selling overnight and the pound reaching a one-year high against the dollar,” says AJ...

Fri, 05/05/2023 - 10:27

Markets retreat on Fed move, Shell has record quarter, Next’s growth stalls and Trainline turns to Europe

“Investors have been praying for central banks to stop raising interest rates for some time, but the strongest possible hint yet from the Federal Reserve...

Thu, 04/05/2023 - 10:59

FTSE 100 higher ahead of rates decision, US default fears, Lloyds enjoys profit boost, Barratt sees signs of recovery and Haleon faces margin squeeze

“The FTSE 100 made a strong start on Wednesday ahead of the latest news on US interest rates,” says AJ Bell Investment Director Russ Mould....

Wed, 03/05/2023 - 09:51

FTSE 100 steady after JP Morgan takes over First Republic, BP’s buyback disappoints and HSBC beats expectations as Ping An keeps up the pressure

“The FTSE 100 ticked higher on Tuesday morning as JP Morgan’s takeover of First Republic doused, for now, a still smouldering bank crisis,” says AJ...

Tue, 02/05/2023 - 09:45

Snap disappoints, cloud worries put Amazon in the shade and NatWest deposits drop

“The FTSE 100 was flat to modestly lower in early trading, reinforcing the feeling the markets are getting into a bit of a funk despite...

Fri, 28/04/2023 - 10:02

Meta beats expectations but US banking fears linger, Unilever shows pricing power, Sainsbury’s profit falls, Barclays beats expectations and Taylor Wimpey sees a ray of hope

“Once again US tech came to the rescue of European markets. After Wall Street endured another difficult session linked to concerns about the stability of...

Thu, 27/04/2023 - 11:41

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