Looking through the third-quarter update from pest control and hygiene group Rentokil Initial (RTO) there was little to write home about, but the lack of further downgrades combined with the fact the stock price was at multi-year lows probably explains today's positive market reaction. The shares opened up 34p or almost 10% at 375p before settling at 368p for a gain of around 8%, making them th...

Stock prices in Europe were lower on Thursday morning, ahead of an interest rate decision from the European Central Bank and weekly jobless data from the US. The FTSE 100 index was down 5.63 points, or 0.1%, at 8,323.44. The FTSE 250 was down 16.90 points, or 0.1%, at 20,962.60, and the AIM All-Share was up 1.56 points, or 0.2%, at 740.99. The Cboe UK 100 was slightly lower at 834.39, the Cboe...

London's FTSE 100 jumped on Wednesday, massively outperforming European peers, as a deceleration in UK inflation pushed equities higher, but sent the pound hurtling below the $1.30 mark. The FTSE 100 index closed up 79.79 points, or 1.0%, at 8,329.07. The FTSE 250 ended up 185.06 points, or 0.9%, at 20,979.50, while the AIM All-Share closed up 5.57 points, 0.8%, at 739.43. The Cboe UK 100 ended...

London's blue chip index was in the green while its European peers were in the red, following better-than-expected consumer price index inflation data, with on-year CPI falling below the 2% target in September. The FTSE 100 index was up 46.02 points, or 0.6%, at 8,295.30. The FTSE 250 was up 95.54 points, or 0.5%, at 20,889.98, and the AIM All-Share was up 1.34 points, or 0.2%, at 735.20. The C...

Paris-based LVMH (MC:EPA), the luxury group which includes fashion brands such as Louis Vuitton, Kenzo, Givenchy, Christian Dior and Bulgari, not to mention champagne brands Moet Hennessy and Veuve Clicquot, stunned the market with third-quarter revenue which missed estimates due to a slowdown in demand, due mainly to China. The shares, which not long ago were hitting all-time highs above €90...

Shares in Whitbread (WTB) were 5% higher at £32.24 in morning trading despite the Premier Inn-owner reporting a 22% fall in pre-tax profit to £309 million and flat revenue of £1.5 billion for the 26 weeks to 29 August. The UK's leading hospitality and hotel group said its results reflected a 'slightly softer UK demand environment.' Despite this, the company announced an increase in the inter...

Pension consulting and administration firm XPS Pensions (XPS) jumped 9% to a new all-time high of 334.4p after reporting strong first half revenue growth of 23% and raising full year guidance. The shares are up 99p or 42% so far in 2024 and 66% over the last 12 months after notching up another year of 20% revenue growth in the year to March 2024. XPS floated on the stock market in 2017 at 139p...

Fresh off of a record close on Monday (14 Oct), Nvidia (NVDA:NASDAQ) stock fell sharply as part of a semiconductor chip stock slump after ASML's (ASML:AMS) droopy revenue warning. Losing 4.5% equates to a $145 billion wipe out for Nvidia. Other names like Arm Holdings (ARM:NASDAQ), Lam Research (LRCX:NASDAQ), Advanced Micro Devices (AMD:NASDAQ) and Broadcom (AVGO:NASDAQ) all suffered share pric...

Stock prices in London were in the green on Wednesday morning after consumer price index inflation in the UK slowed below the 2% target in September, while blue-chip housebuilders rose after data showed that asking rents in the UK hit a new record high. The FTSE 100 index opened up 55.09 points, or 0.7, at 8,304.57. The FTSE 250 was up 63.24 points, or 0.3%, at 20,857.68, and the AIM All-Share...

European stocks ended largely lower on Tuesday, with a weaker oil price weighing on the FTSE 100, while the pound climbed after UK unemployment data. The FTSE 100 index closed down 43.38 points, or 0.5%, at 8,249.28. The FTSE 250 ended down 22.75 points, or 0.1%, at 20,794.44, while the AIM All-Share closed up 0.09 of a point at 733.86. The Cboe UK 100 ended down 0.3% at 827.20, the Cboe UK 250...

Stock prices in London continued to stay in the red at midday Tuesday as investors await an interest rate decision from the European Central Bank on Thursday, and the UK government's upcoming budget due late this month. The FTSE 100 index was down 45.57 points, or 0.6%, at 8,246.89. The FTSE 250 was down 12.40 points, or 0.1%, at 20,804.79, and the AIM All-Share was down 0.71 points, or 0.1%, a...

Analysts at Pivotal Research have started coverage of Amazon (AMZN:NASDAQ) and see up to 40% upside from the stock thanks to the tech giant's strong organic growth potential and its robust multi-sector market position. In a note to clients, the Canadian research house flagged Amazon's broad expansion opportunities, particularly driven by its cloud services division, Amazon Web Services, which t...

Tyne and Wear-based housebuilder Bellway (BWY) pleased the market with its outlook for 'strong multi-year growth' despite a drop in revenue and completions in the year to July. The shares climbed as much as 280p or 9% to a new 12-month high of £33.34 before settling back at £32.62 for a gain of 210p or almost 7% by mid-morning and lifted shares of other housebuilders such as Barratt Redrow (B...