Daily market update

Tate & Lyle shares jump on takeover talk, Morgan Stanley soars as stars align

“It looks like private equity has been lured by the sweet taste of another UK takeover,” says Dan Coatsworth, Investment Analyst at AJ Bell.

“The...

Wed, 16/10/2024 - 17:43

ASML and Nvidia at the centre of a chip stock sell-off, inflation joy gives a lift to UK stocks and Whitbread profits decline amid UK challenges

“On a day when investors are dealing with the headache of a big sell-off in many tech stocks, the UK has come into its own...

Wed, 16/10/2024 - 10:48

UK rate cut talk lifts housebuilders, banks and supermarkets, FTSE 100 hit by oil price retreat, De La Rue bounces on division sale, Nvidia at new record high and Bellway shares soar on upbeat outlook

“Domestic-focused UK stocks were in the spotlight as the latest economic data strengthens the argument for a drop in the cost of borrowing,” says Russ...

Tue, 15/10/2024 - 09:47

China rally losing steam, gambling stocks clobbered, higher bid for Mulberry and PageGroup downbeat with recruitment under pressure

“The devil is always in the detail and once again China has glossed over how it intends to accelerate economic growth,” says Russ Mould, Investment...

Mon, 14/10/2024 - 09:40

Sainsbury’s biggest investor sells a chunk of stock, Tesla’s Cybercab fails to excite, BP hit by lower refining margins, Saga shares soar on Ageas talks and Revolution Bars changes name to hide the past

“European markets paused for thought at the end of the trading week, with the FTSE 100 flat at 8,236 as weakness in retailers, industrials and...

Fri, 11/10/2024 - 11:40

China shares resume rally, GSK higher after settling Zantac cases, Uniqlo reports big profit growth, Warren Buffett seen as preparing new Japanese investment spree and Tesla prepares to unveil robotaxi

“Is the renewed rally in Chinese shares a dead cat bounce or the real deal? That’s the key question investors will be asking after stocks...

Thu, 10/10/2024 - 10:39

Chinese equity rally fades away, US considers Google break-up, Rio digs deep for lithium takeover, Florida hurricane puts insurers in the spotlight, Marston’s toasts robust sales and Revolution Beauty’s ugly results

“The fizz seems to be coming out of the market as the Chinese rally fades away and futures prices imply a pullback when Wall Street...

Wed, 09/10/2024 - 09:52

Housebuilders and miners drag on London markets, Shein overtakes Boohoo and Pepsi faces challenging consumer backdrop

“London markets have had a lot to contend with already this week,” says AJ Bell Head of Financial Analysis Danni Hewson.

“They’re dealing with...

Tue, 08/10/2024 - 17:32

Cracks appear in China rally, Vistry warns, Rémy Cointreau, Pernod Ricard and Diageo hit by anti-dumping measures, Imperial Brands pleases, Greencore upgrades guidance and Motorpoint revs up

“Beijing’s ‘whatever it takes’ economic stimulus programme continued to drive a strong rally in Chinese shares. Shanghai’s CSI 300 index jumped another 5.6% as trading...

Tue, 08/10/2024 - 10:04

Oil price continues to rise, retailers make plea to chancellor on business rates and TGI Fridays to lose jobs and branches despite rescue deal

“As US investors wait for earnings season to shift into gear it’s impossible not to focus on the rising tensions in the Middle East,” says...

Mon, 07/10/2024 - 17:33

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