Daily market update

FTSE 100 dips amid weak UK consumer confidence, NatWest beats expectations on higher income and lower costs and Boohoo gives robust response to Mike Ashley’s bid to become CEO

“The FTSE 100 dipped lower on Friday morning, undone by some weakness in the energy and housebuilding sectors,” says AJ Bell Investment Director Russ Mould....

Fri, 25/10/2024 - 10:18

FTSE 100 lifted by higher oil prices and strong results, Tesla impresses, Ashley makes bid to lead Boohoo, Unilever sales shine and Barclays profit beats expectations

“Higher oil prices and some good corporate results helped UK stocks to strong gains on Thursday morning,” says AJ Bell Investment Director Russ Mould. ...

Thu, 24/10/2024 - 10:10

Frasers turns its back on Mulberry pursuit, Watches of Switzerland faces US listing pressure from activist, Coca-Cola sales volumes drop and Boeing awaits crucial vote on pay

“With so little between the two US presidential hopefuls it’s no surprise that this earnings season isn’t being met with the same sense of joie...

Wed, 23/10/2024 - 17:12

Bitcoin price eases back, Lloyds’ profit beats expectations, Reckitt shaken by tornado disruption, WPP holding steady in difficult market and Barratt Redrow targets cost savings after merger

“Storm clouds appeared to have passed as Europe’s main equity indices pushed ahead on Wednesday,” says Russ Mould, Investment Director at AJ Bell.

“It’s...

Wed, 23/10/2024 - 09:57

General Motors moves up a gear, Verizon disappoints amid weak consumer backdrop and housebuilders hit as government accepts CMA recommendations

“It’s been one of those days when good news had to be really good to make investors sit up and take notice and there was...

Tue, 22/10/2024 - 17:55

HSBC new boss goes on a tidying up spree, Mulberry rejects Frasers’ latest bid, Halfords pedalling fast to stand still, InterContinental Hotels hit by weak trading and Shoe Zone slips up

“The FTSE 100 started Tuesday on the back foot, dragged lower by weakness in the energy and telecoms sectors,” says AJ Bell Investment Director Russ...

Tue, 22/10/2024 - 10:07

Lacklustre day for markets, Future rallies after last week’s fall and Disney appoints new chair

“It’s been a fairly lacklustre day for markets as investors, especially those on the other side of the Atlantic, wait for the big beasts to...

Mon, 21/10/2024 - 16:59

Trump’s improved odds power up gold and bitcoin, China trades lift commodity producers, Intertek hit by broker downgrade and Hollywood Bowl scores winning session

“Donald Trump has edged forward in the betting markets in the race to the White House, explaining why gold and bitcoin have been attracting attention...

Mon, 21/10/2024 - 09:56

China stocks rally again, Netflix shares soar on strong results, Boohoo signals break-up and Future CEO doesn’t last long in the job

“It’s been a rocky ride for investors exposed to China but patience is being rewarded,” says Russ Mould, Investment Director at AJ Bell.

“Having this...

Fri, 18/10/2024 - 10:36

Investors braced for higher CGT on shares, TSMC beats expectations, Nestlé cuts growth outlook, Entain lifts full-year forecast, Rentokil rebounds and N Brown receives takeover bid

“There was enough enthusiasm towards shares in industrials, energy producers and financials to stop the FTSE 100 from going into reverse amid the latest disappointment...

Thu, 17/10/2024 - 10:23

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