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FTSE 100 finishes in the red, rising oil and weaker pound provide support

The FTSE 100 posted only modest losses on Wednesday in a session that saw risk mood turn sour and European bourses tumble by over 1%.Coming to the blue-chip index's aid was its heavyweight oil sector and a weaker pound, with...

23 March 2022
Renewi sends analysts back to school after it raises profit guidance again

European waste-to-product firm Renewi (RWI) has raised the bar yet again with the announcement that full year profits will be above its recently-revised forecasts.Trading in January and February has been better than expected,...

23 March 2022
IT reseller Softcat stock surges after smashing forecasts and flagging growth return

We all know that IT suppliers are having a great time thanks to unwinding post-pandemic pent-up demand, organisations embracing flexible working and the long-run shift to digital, but today's half year results from Softcat (SCT)...

22 March 2022
Kingfisher posts record sales and profits thanks to market share gains

DIY and building products retailer Kingfisher (KGF) unveiled record full year earnings as it increased its market share in the UK and France.The group also said it was ahead of schedule in terms of its strategic aims to accelerate...

22 March 2022
FTSE 100 lifted by strong performance from oil and mining companies

London's FTSE 100 index was lifted by mining and oil firms on Monday as improved commodity prices saw the index outperform European bourses.Analysts will be watching soaring oil prices ahead of Wednesday's latest UK inflation print,...

21 March 2022
FTSE 100 rallies as oil lifts Shell, BP; Ukraine rejects Russian ultimatum

Brent oil jumped back above $110 a barrel on Monday, allowing the FTSE 100 index in London to outperform European counterparts.Ukraine rejected a Russian ultimatum to surrender the besieged southern city of Mariupol on Monday, as...

21 March 2022
Oil rises again as US presses China over Russia

European stock markets were trading lower at midday on Friday and Wall Street was called for a negative open, despite a mostly positive market day in Asia, as observers despaired of a breakthrough in peace talks between Ukraine and...

18 March 2022
UK stocks slip as peace hopes fade, oil crunch looms

Stocks were trading lower as the week drew to a close, as Russia's assault on Ukraine showed no signs of let-up and hopes for peace talks dimmed.The FTSE 100 index was down 14.91 points, or 0.2%, at 7,370.43 early Friday. The...

18 March 2022
Shares boosted, pound slips as BoE raises rates

Stock prices in London reversed morning losses and rose slightly after the Bank of England on Thursday followed through with its third consecutive interest rate hike in a bid to tame rampant inflation.The Monetary Policy Committee...

17 March 2022
UK investors left stranded as Raven Property plans to de-list shares

Shareholders in Russian real estate company Raven Property (RAV) may lose the entirety of their investment after the firm called to de-list its shares.The company argued the impact of sanctions 'have made it impracticable for the...

17 March 2022

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