Daily market update

Consumer confidence slumps, Made.com up for sale and The Works still doing well

“It’s been a major week for the markets with increases in UK and US interest rates and now a mini-budget from the new UK Government,”...

Fri, 23/09/2022 - 09:49

Fed puts markets in a tizz with latest hike, PZ Cussons demonstrates pricing power and JD Sports faces tougher times ahead

“While the 75-basis point rise in US rates was largely expected, particularly after US inflation proved stickier than hoped in August, the messaging around the...

Thu, 22/09/2022 - 09:59

Markets braced for US rate rise, housebuilders up on stamp duty cut reports, and JD counts the cost of Cowgill exit

“There is really no question of whether the Federal Reserve will raise rates or not today. They’re almost certainly going up. The key unknown is...

Wed, 21/09/2022 - 10:11

FTSE higher ahead of crunch central bank meetings, Ashley to leave Frasers, Kingfisher profits slump

“The FTSE 100 made a strong start to trading after the Bank Holiday, taking its cue from strong trading in Asia and the US,” says...

Tue, 20/09/2022 - 10:21

Fears over rate rises and economic downturn hit markets, made worse by FedEx’s big profit warning

“Markets flashed red across the board on the last day of the trading week. Investors have become increasingly nervous about the scale and pace of...

Fri, 16/09/2022 - 09:42

FTSE up, warnings from THG, DFS and Hilton Foods, Shell CEO to leave

“After all the drama around high inflation rates in recent sessions, pockets of Asian and European markets managed to push ahead on Thursday. The Hang...

Thu, 15/09/2022 - 09:38

Dunelm reveals record profit despite tough outlook and Fundsmith to shut EM trust

“Despite some of the key factors behind surging inflation easing slightly, many prices continue to go up and markets are not happy. Yesterday’s slump on...

Wed, 14/09/2022 - 10:07

US inflation in focus, latest supermarket data sees Morrisons lose ground and Ocado sales drop

“The FTSE 100 failed to back up Monday’s strong gains and saw modest losses on Tuesday as unemployment dropped to its lowest level since 1974,...

Tue, 13/09/2022 - 09:30

Soames to leave Serco and IPO revival spurred by two new trusts

“Disappointing UK GDP figures failed to derail the country’s main stock indices, with the domestically focused FTSE 250 up 0.3% and the more international FTSE...

Mon, 12/09/2022 - 10:41

ECB takes centre stage, Primark warns on energy costs, Melrose automotive unit spin off, Darktrace suitor exits and Restaurant Group takeaways warning

“For years, central bank interest rate decisions used to be background noise, with investors confident that rates would stay low. This year they’ve become must-watch...

Thu, 08/09/2022 - 10:18

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