LONDON MARKET OPEN: Shell, BP up as stocks mixed; waiting for BoE rate

Stock prices in London opened mixed on Thursday but Shell and BP rose; ahead of the Bank of England’s first interest rate decision of 2024.

The...

Thu, 01/02/2024 - 08:56


TOP NEWS: BT says on track for full year after third-quarter rise

BT Group PLC on Thursday said it is on track to meet its guidance for its current financial year, after slight growth in revenue and...

Thu, 01/02/2024 - 08:46


TOP NEWS: Shell ups dividend despite sharp drop in profit and revenue

Shell PLC on Thursday posted a sharp decline in profit and revenue in both the fourth quarter and 2023 as a whole, citing lower oil...

Thu, 01/02/2024 - 08:31


TOP NEWS: Glencore annual production mostly down in tune with guidance

Glencore PLC on Thursday said annual production declined at all its operations, barring coal and gold, but the diversified miner and commodities trader insisted its...

Thu, 01/02/2024 - 08:11


UK’s Hunt wants to ‘lighten the tax burden’ but lowers expectations

The UK chancellor has insisted he wants to ‘lighten the tax burden’ as he looks to temper expectations about the size of cuts coming in...

Thu, 01/02/2024 - 08:09


Ireland manufacturing sector enjoys marginal improvement in January

The AIB Ireland Composite PMI Index rose in January from December, amid a rise in output, export orders and employment, S&P Global said on Thursday.

The...

Thu, 01/02/2024 - 06:57


Luxury goliath LVMH shows resilience but Diageo serves up sobering results

Post-Christmas updates from the industry demonstrate that not all luxury goods companies are created equal, with sector players experiencing contrasting fortunes as the post-pandemic boom normalises...

Thu, 01/02/2024 - 00:00


InterContinental Hotels continues to benefit from strong travel demand

Shares in global hotels operator Intercontinental Hotels (IHG) have put in a stellar performance since the onset of the pandemic, gaining 175% since March 2020....

Thu, 01/02/2024 - 00:00


Are pension funds about to swamp the market with unwanted private assets?

The knock-on effects of the Truss government’s disastrous ‘mini-Budget’ in late 2022, which caused panic-selling of bonds by pension funds and forced the Bank of...

Thu, 01/02/2024 - 00:00


What to do if your investment trust merges or shuts

In 2023 we saw a wave of corporate activity in the investment trust sector, dominated by mergers and closures. Eight companies closed their doors, while...

Thu, 01/02/2024 - 00:00


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