While the broader global luxury market continues to slow, Watches of Switzerland (WOSG) believes the market for high-end timepieces and jewellery has bottomed out in the UK. Shares in the Rolex, Patek Philippe and Audemars Piguet purveyor rallied 11.3% to 419p on a reassuring trading update in which the FTSE 250 company confirmed it is on track to deliver its full year 2025 guidance. TICKING AL...

Stock prices in Europe opened in the green on Tuesday morning, with investors awaiting a manufacturing PMI print from the US later in the day. The FTSE 100 index opened 6.38 points, or 0.1%, at 8,370.22. The FTSE 250 was up 34.51 points, or 0.2%, at 21,015.02, and the AIM All-Share was up 1.94 points, or 0.3%, at 768.84. The Cboe UK 100 was up 0.1% at 837.86, the Cboe UK 250 was up 0.1% at 18,5...

Stocks in London drifted into the red on Monday, on what was a quieter day for global equity markets given the US public holiday. The FTSE 100 index closed down 12.79 points, 0.2%, at 8,363.84. The FTSE 250 ended down 106.03 points, 0.5%, at 20,980.51, and the AIM All-Share closed down 5.61 points, 0.7%, at 766.90. The Cboe UK 100 ended down 0.1% at 836.73, the Cboe UK 250 closed down 0.4% at 1...

Shares in Rightmove (RMV) soared 22% to 677p in morning trading as Australian property listings company REA (controlled by Rupert Murdoch's News Corp) said it was considering making an offer for the online property portal. 'REA indicated that it would structure any bid as a cash and shares deal which would mean Rightmove investors could maintain exposure to the company post-takeover through the...

Stocks in London were in the red on Monday during midday trading, as downbeat Chinese manufacturing data cast a cloud over equities. It is likely to be a quieter day, given that US markets will be closed today for the Labor Day holiday. The FTSE 100 index was down 13.03 points, or 0.2%, at 8,363.46. The FTSE 250 was down 61.15 points, or 0.3%, at 21,025.39, and the AIM All-Share was down 4.31 p...

Artemis Alpha Trust (ATS) has agreed to be taken over by UK All Companies sector rival Aurora Investment Trust (ARR) as the record year for investment trust mergers continues. Sub-scale, underperforming funds are combining with larger rivals to remedy wide discounts to NAV (net asset value) and create trusts large and liquid enough to attract wealth managers and retail investors. The sector's l...

The so-called 'Magnificent Seven' group of tech giants have underperformed the other 493 stocks in the S&P 500 by 14 percentage points since the release of a weaker-than-expected U.S. inflation report on July 11, according to an analysis by Bank of America Global Research. With second quarter earnings season largely complete (seven companies are yet to report), London Stock Exchange data shows...

Stock prices opened lower on Monday morning in Europe, which has a lot of purchasing managers' index data out today, while financial markets in the US and Canada remain closed for Labor Day. In early corporate news, Australia's REA Group confirmed it is considering making a takeover offer for UK peer Rightmove. The FTSE 100 index opened down 15.50 points, or 0.2%, at 8,361.13. The FTSE 250 was...

Stock prices in London made little progress on Friday, though the FTSE 100 ended the week in the green. The FTSE 100 index closed down 3.01 points at 8,376.63. The FTSE 250 ended up 55.46 points, 0.3%, at 21,086.54, and the AIM All-Share closed up 0.02 of a point at 772.51. In the week as a whole, the FTSE 100 was up 1.1%, the FTSE 250 fell 0.1%, while the AIM All-Share fell 0.3%. The Cboe UK 1...

Stocks in London were higher on Friday, as the market eagerly awaited a critical US inflation print. The FTSE 100 index was up 27.47 points, or 0.3%, at 8,407.11. The FTSE 250 was up 59.36 points, or 0.3%, at 21,090.44, and the AIM All-Share was virtually unchanged at 772.41. The Cboe UK 100 was up 0.3% at 840.52, the Cboe UK 250 was up 0.2% at 18,563.70, and the Cboe Small Companies was down 0...

Coming out of the gate there was a sour reaction to second quarter results (29 August) from Canadian athleisure specialist Lululemon (LULU:NASDAQ), which revealed a first sales miss in more than two years and a cut to full year guidance from the yoga pants to belt bags purveyor. So why did the stock rally 4.6% to $271 in pre-market trading on Wall Street? Well, there was relief as Lululemon's s...

Mark Radcliffe, CEO at online specialist bathroom retailer Victorian Plumbing (VIC:AIM) has sold 2,700,000 shares at 100p for a total value of £2.7 million on 27 August 'to help satisfy institutional demand' for ordinary shares. Over the past year, Victorian Plumbing shares have gained 24%. Following this transaction, Radcliffe holds 155,733,657 ordinary shares, representing approximately 47.7...

Electronics retailer Best Buy (BBY:NYSE) grew second quarter adjusted EPS (earnings per share) by around 10% to $1.34 compared with Wall Street estimates calling for a drop of around 5%, sending its shares up 14% to a fresh two year high of around $100. Better than expected trading chimes with data out yesterday (29 Aug) which showed the US economy grew at a faster than expected 3% pace in the...