Fed ditches laggard reputation with bold rate cut, markets respond favourably, Next upgrades guidance after bumper first half and Ocado Retail shines in third quarter

“Central banks have a reputation of moving at a snail’s pace, spending too long analysing data and subsequently playing catch-up with their monetary policy decisions....

Thu, 19/09/2024 - 09:45


LONDON MARKET OPEN: Blue-chips galvanised by Fed’s bumper rate move

London’s FTSE 100 prospered in early trading on Thursday after the US central bank cut rates by a hefty 50 basis points.

The FTSE 100...

Thu, 19/09/2024 - 09:12


TOP NEWS: Close Brothers bolsters balance sheet further with CBAM sale

Close Brothers Group PLC on Thursday announced the sale of its wealth management business as it continues to strengthen its balance sheet in the face...

Thu, 19/09/2024 - 08:58


TOP NEWS: Online success helps Next increase profit guidance again

Shares in Next PLC climbed on Thursday as the retailer raised profit guidance for the second time in two months.

The Leicester-based clothing and homewares seller...

Thu, 19/09/2024 - 08:37


IN BRIEF: Bytes Technology sees ‘strong’ performance in first half

Bytes Technology Group PLC - Surrey, England-based computer software - Expects to deliver a ‘strong’ performance in the first half that ended August 31. Says...

Thu, 19/09/2024 - 08:33


IN BRIEF: Jubilee Metals CFO steps down, Reuel Khoza to join board

Jubilee Metals Group PLC - London-based metal processing company, with projects in South Africa and Zambia - Chief Financial Officer Neal Reynolds resigns to pursue...

Thu, 19/09/2024 - 07:45


UK housing market has ‘lack of affordable, secure and suitable homes’

The UK’s housing market has a lack of affordable and suitable homes and strong action is needed to support first-time buyers, renters and people looking...

Thu, 19/09/2024 - 06:13


Netanyahu accuses UK of sending ‘mixed messages’ over Israel support

Benjamin Netanyahu has accused the UK government of sending ‘mixed messages’ over its support for Israel and ‘undermining’ the country’s right to self-defence.

Israel’s prime minister...

Thu, 19/09/2024 - 06:12


magazine 19 Sep 2024

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The best performing funds and stocks in Shares' 25 years to date plus the details behind Google-owner Alphabet's antitrust woes.

Week of rate cuts and central bank comments to dominate markets

We aren’t in the habit of betting on central bank decisions but it seems a racing certainty the Federal Reserve will cut interest rates this...

Thu, 19/09/2024 - 00:00


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