Popular bitcoin proxy MicroStrategy (MSTR:NASDAQ) has expanded its massive bitcoin holdings with a new purchase, buying approximately 18,300 bitcoins, the company revealed in a regulatory filing. The acquisition, which took place between 6 August and 12 September 2024, tots up to a $1.11 billion cash deal, with an average price of $60,408 per bitcoin, including fees and expenses. Bitcoin is cur...

Investors appeared less than wowed by the first-half update from pensions and savings provider Phoenix (PHNX) despite the group posting double-digit growth in cash generation and raising its interim dividend. The shares dropped 15p or 2.5% to 562p making Phoenix the worst performer on the FTSE 100 to kick off the week. STEADY PROGRESS In terms of financial highlights, operating cash generation...

Stocks in London made a subdued start on Monday, ahead of a busy week of central bank meetings, as weak data from China soured the mood. The FTSE 100 index added just 3.29 points at 8,276.34. The FTSE 250 fell just 7.54 points at 20,887.83, and the AIM All-Share fell 1.16 points, 0.2%, at 744.07. The Cboe UK 100 was up 0.1% at 827.83, the Cboe UK 250 fell 0.1% to 18,402.85, and the Cboe Small C...

Stocks in London ended the week in the green, as the possibility of a 50-basis point cut from the Federal Reserve was increasingly priced in by the markets. The FTSE 100 index rose 32.12 points, or 0.4%, at 8,273.09. The FTSE 250 ended up 199.60 points, 1.0%, at 20,895.37, and the AIM All-Share firmed 3.87 points, or 0.5%, at 745.23. For the week, the FTSE 100 rose 1.1%, the FTSE 250 climbed 2....

Philip Meeson, founder and largest shareholder of airline and package holidays provider Jet2 (JET2:AIM) has sold five million shares to a limited number of institutional investors on 11 September, representing approximately 2.3% of the issued ordinary share capital in the company. The value of the share sale was not disclosed. Jeffries who is acting as the sole global coordinator and sole bookr...

Equities were higher during midday trade on Friday, as mining stocks continued to climb, tracking the strength of gold amid a pull-back of the dollar. The FTSE 100 index climbed 19.03 points, 0.2%, at 8,260.00. The FTSE 250 was up 138.55 points, 0.7%, at 20,834.33, and the AIM All-Share rose 2.61 points, 0.4%, at 743.97. The Cboe UK 100 was up 0.3% at 826.32, the Cboe UK 250 rose 0.7% to 18,356...

Relief as US CPI inflation hit its lowest level in more than three years helped US stocks recover from their uncertain start to the week to trade materially higher. Also drawing plenty of attention this week was the presidential debate between Donald Trump and Kamala Harris. Polling suggested Harris had prevailed in the head-to-head put cryptocurrencies and shares in Trump Media & Technology (D...

Global sports betting and gaming giant Flutter Entertainment (FLTR) has staked a claim in the fast-growing Brazilian market after buying a 56% stake in leading operator NSX Group for approximately $350 in cash. Flutter will roll in its existing Brazilian business and has an option to increase its shareholding in the combined enterprise in year five and year 10 following completion. The shares f...

Stocks opened higher in Europe on Friday, as investors shift their attention to rate decisions by the US Federal Reserve and Bank of England next week, after a cut by the European Central Bank on Thursday. The FTSE 100 index added 16.61 points, 0.2%, at 8,257.58. The FTSE 250 was up 83.91 points, 0.4%, at 20,779.68, and the AIM All-Share rose 2.33 points, 0.3%, at 743.69. The Cboe UK 100 was up...

Stocks in London headed higher on Thursday, in line with the positive mood seen across global equity markets following the interest rate cut from the European Central Bank. The FTSE 100 index rose 47.03 points, or 0.6%, at 8,240.97. The FTSE 250 ended up 158.52 points, 0.8%, at 20,695.77, and the AIM All-Share firmed 3.27 points, or 0.4%, at 741.36. The Cboe UK 100 rose 0.5% to 823.99, the Cboe...

Stock prices in London rose on Thursday afternoon ahead of the European Central Bank's decision, after New York trade overnight was boosted by tech shares. The FTSE 100 index climbed 63.71 points, 0.8%, at 8,257.65. The FTSE 250 was up 233.47 points, 1.1%, at 20,770.72, and the AIM All-Share rose 2.91 points, 0.4%, at 741.00. The Cboe UK 100 was up 0.8% at 826.13, the Cboe UK 250 rose 1.0% to 1...

Shares in Trainline (TRN) were up 10% this morning to 332p as the rail booking site and app had a better-than-expected first half. Group revenue increased by 16% to £229 million for the six months ending 31 August despite ongoing UK rail strikes. Net ticket sales increased year-on-year by 13% to £3 billion which included UK consumer up 15%, international up 4% and Trainline solutions up 19%....

Shares in premium mixer company Fevertree Drinks (FEVR:AIM) tumbled 9% to a new eight year low after the firm cut its full year revenue forecast amid disappointing trading reflecting a subdued UK consumer and poor weather. The latest slump in the shares takes year-to-date losses to 21% compared with a 3% fall in the FTSE AIM 100 index. The shares remain 71% below their post-pandemic peak of aro...