Stocks closed higher in London on Monday, with the FTSE 100 snapping out of a four-day losing streak following a boost from UK high street banks. The FTSE 100 index rose 52.80 points, 0.7%, at 8,125.19. The FTSE 250 closed up 203.57 points, 1.0%, at 20,721.49. The AIM All-Share gained 3.57 points, 0.5%, at 737.93. The Cboe UK 100 rose 0.7% at 815.50, the Cboe UK 250 advanced 1.1% at 18,160.09 b...

Insurer Direct Line (DLG) said it plans to cut around 550 jobs as part of a series of initiatives aimed at simplifying the business and delivering at least £100 million of cost savings by the end of 2025. While third quarter gross written premiums fell amid 'challenging' conditions in motor insurance, CEO Adam Winslow insisted the group was in the early stages of a 'significant' turnaround whi...

Stocks in London were in the green at midday on Monday, with NatWest on the up after buying back government shares. 'The FTSE 100 broke its losing streak to trade higher on Monday with healthcare and financial stocks doing much of the heavy lifting. There was wider optimism across Europe as stocks recovered from a rocky week,' said AJ Bell's Russ Mould. The FTSE 100 index was up 64.00 points, 0...

A person closely associated with Usman Nabi, non-executive director of housebuilder Vistry (VTY) has bought 500,000 shares at 737p for a total value of £3,687,412 on 8 November. Browning West, an independent investment partnership based in Los Angeles, California is currently the company's largest shareholder of which Nabi is managing partner and chief investment officer. On 8 November, Vistry...

Every Brit expected fireworks on 5th November but there where more in store on Friday (8 Nov) for investors, as news broke that Nvidia (NVDA:NASDAQ) will replace Intel (INTC:NASDAQ) in the Dow Jones Industrial Average. Rumours of the change had been swirling ever since Nvidia's 10-for-1 stock split back in June and the shares' stunning run this year - they are up more than 200% since January. C...

Firmly out of fashion with investors this year amid a slowdown in luxury goods demand, shares in Burberry (BRBY) rallied 2% to 822p on 11 November as excitement surrounding a bid from Italian outerwear rival Moncler (MONC:BIT) continued to build. According to correspondence viewed by The Mail on Sunday, staff at one of the British luxury goods leader's flagship London stores have already been t...

Stock prices in Europe were in the green on Monday morning after data on Saturday showed that annual consumer price inflation in China slowed in October. Swissquote's Ipek Ozkardeskaya said that 'the picture remains bullish for the US equities' following Trump's re-election but 'Elsewhere, worries mount: FTSE 100 and the European Stoxx 600 index both closed last week below the 200-DMA on worrie...

In the latest example of UK small-cap companies being taken over, junior stockmarket operator Aquis Exchange (AQX:AIM) announced it had agreed an offer for the company from Swiss bourse operator SIX Exchange Group at more than double the current share price. Aquis shares jumped 112% to 700p giving the firm a market cap of £157 million. 'COMPELLING OPPORTUNITY' SIX is offering 727p per share fo...

Equities in London ended lower on Friday, with miners and other China-exposed stocks hurting the FTSE 100, though a reassuring update from the British Airways parent lifted travel shares. Broker cuts hurt Greggs and Mitchells & Butler, while investors fretted for Vistry again after the housebuilder warned on profit. The FTSE 100 index fell 68.35 points, 0.8%, at 8,072.39, fading 1.3% this week....

Stock prices in London were down at midday on Friday, as attention shifted back to Trump's victory in the US presidential election, following yesterday's rate cuts. China said on Friday lawmakers had agreed to raise the local government debt ceiling by $840 billion, opening up new funds for its ailing economy. However, 'what has been announced so far doesn't seem to be moving the needle and the...

Shares in International Consolidated Airlines (IAG) took off this morning after the British Airways owner booked a 7.9% increase in total revenue to €24.05 billion for the nine months to 30 September. The airline group which also owns Iberia, Aer Lingus and Vueling said its strong financial performance would continue for the rest of the year. IAG attributed revenue growth to higher passenger...

Struggling online fashion group Boohoo (BOO:AIM) has accused Mike Ashley's Frasers (FRAS) of using its stake in the Debenhams-to-Karen Millen owner and other retailers to promote its own 'commercial self-interest'. The defiant comments came as Boohoo hit back at Frasers' demands for a bigger role in its strategic review, having recently shunned the latter's request for retail magnate Ashley to...

For investors in housebuilder Vistry (VTY), October and November have been months to forget as the firm has now cut its full-year 2024, 2025 and 2026 outlook twice in the space of a few weeks. The shares dropped 165p or 19% to 705p, taking them to the bottom of the pile in the FTSE 250 and bringing losses to more than 45% since the start of September. FURTHER CUT TO FORECASTS On 8 October, Vist...