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London mood lifted as FTSE 100 breaks losing streak

The FTSE 100 on Tuesday snapped its seven day losing streak, as investors welcomed better-than-expected public sector borrowing figures in the UK.Eyes also remain on the US monetary policy outlook, with Federal Reserve Chair...

22 August 2023
US tech rally gives London stocks lunchtime lift as investors turn attention to Jackson Hole

Stocks in London were in the green at midday on Tuesday, with the FTSE 100 trimming some of the losses it has suffered in a drab August, with gains for US tech shares lifting the mood overnight.Nvidia was centre of the US tech rally...

22 August 2023
Zoom Communications shares jump after second quarter beat and raised full year guidance

Revenue and profit beat consensusFull-year guidance raisedAI features gain traction with enterprise customersVideo conferencing platform Zoom Video Communications (ZM:NASDAQ) saw its shares jump as much as 8% in after-market trading...

22 August 2023
John Wood Group brings shareholders cheer with increase in full-year guidance

First-half revenue and profit top forecastsFull-year targets raisedShares gain 5% to top FTSE 250Shares in John Wood Group (WG.) jumped 5% to 155.7p after the energy services firm lifted its outlook for full-year sales and profits...

22 August 2023
UK stocks open higher as global markets cautiously optimistic

Stock prices in London opened higher on Tuesday, as major markets across the globe staged a mild comeback.The FTSE 100 index opened up 16.72 points, 0.2%, at 7,274.54. The FTSE 250 was up 83.84 points, 0.5%, at 17,982.83, and the...

22 August 2023
FTSE 100 eventually pushed down 0.1% as housebuilders come under pressure

Stocks in London closed on the backfoot on Monday, as housebuilding shares were hurt by less-than-stellar data from Rightmove and a guidance cut from Crest Nicholson.The FTSE 100 index closed down 4.61 points, or 0.1% at 7,257.82 on...

21 August 2023
Crest Nicholson profit warning triggers another wave of selling in housebuilders

New-build market has 'worsened' since JuneProfit forecast cut to due lower sales Rightmove survey adds to pessimismChertsey-based developer Crest Nicholson (CREST) released an unscheduled trading update warning that full year...

21 August 2023
Poor UK data and US interest rate worries hit FTSE 100 at market close

The FTSE 100 suffered its six successive daily decline, as poor UK data, US interest rate worries and a familiar name in China property sector woe combining to send London's large-cap index lower again.The last time the blue-chip...

18 August 2023
Wall Street Week: Rate worries see stocks rack up another week of losses while Tesla slumps on price cuts

The past week has increasingly taken on a bearish hue on Wall Street as concerns about interest rates and a bubbling Chinese property crisis have begun to dominate.Minutes of the latest Federal Reserve meeting talking about upside...

18 August 2023
Casino group Rank reports operating profit at top end of guidance and strong start to new year

Operating profit at top end of previous guidanceLike-for-like revenue up 16% in first six weeksDividends to restart 'as soon as circumstances permit'Casino and bingo operator Rank (RNK) delivered in-line results for the year to 30...

17 August 2023

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