FTSE 100 close: Wage growth fuels rate fears as M&S soars and B&M drops on Wilko speculation August 15, 2023 London’s FTSE 100 ended Tuesday down more than 1.6 per cent, as record-breaking wage growth fueled speculation of a 15th straight Bank of England rate hike. The capital’s blue-chip index was down 1.63 per cent by close of play to to 7,384.94, weighed down by listed investment firm Abrdn, down three per cent, alongside Pheonix [...]
FTSE 100 close: London subdued on quiet earnings day as YouGov mulls US listing August 14, 2023 London’s FTSE 100 started the week in subdued fashion, as a quiet earnings day was overshadowed by reports that YouGov is mulling a US listing. The capital’s premier blue chip index closed the day on 7,495.24 points, down 0.88 per cent, while the FTSE 250 index, which is more aligned with the domestic economy, was [...]
FTSE 100 close: Stronger growth not enough to keep London markets from dropping August 11, 2023 London’s FTSE 100 closed significantly lower on Friday, despite a better than expected GDP reading, as a stronger pound and concerns over the Chinese economy dampened sentiment. The FTSE 100 index closed 1.26 per cent lower at 7,522.86 while the mid-cap FTSE 250 index fell 0.9 per cent to 18,822.50. The disappointing performance came despite [...]
FTSE 100 close: London markets close in the green after US inflation print August 10, 2023 London’s markets ended higher as investors were boosted by data which suggested the US had got a firm grip on its inflation problem. The FTSE 100 index ended 0.4 per cent higher up to 7,616.38 while the mid-cap FTSE 250 index climbed 0.3 per cent to 18,986.76. Although US inflation increased slightly for the first [...]
FTSE 100 close: London markets rise despite Chinese deflation August 9, 2023 London’s markets closed higher on Wednesday as a toning down of Italy’s windfall tax on banks calmed investors despite more negative news from China. The FTSE 100 closed 0.80 per cent higher at 7,587.30 while the midcap FTSE 250, which is more aligned with the health of the domestic economy, ended 0.51 per cent higher [...]
FTSE 100 close: London bluechip index falters after weak trade data from China August 8, 2023 London’s premier FTSE 100 index closed lower on Tuesday after data from China showed that its attempts to recover from the pandemic have continued to stall. The bluechip FTSE 100 index closed 0.4 per cent lower at 7,527.42 while the FTSE 250 slipped 0.1 per cent to end at 18,843.79. The falls came after new [...]
FTSE 100 close: London flat after US jobs figures fuels Fed rate speculation August 7, 2023 London’s FTSE 100 opened the week in sluggish fashion as investors take in fears across the pond that the Fed could hike rates again. The capital’s premier blue chip index closed on 7,556.41 points, 0.11 per cent down, while the FTSE 250, which is more aligned with the domestic market, was also broadly flat on [...]
FTSE 100 close: London markets flat as WPP shares slide on tumbling profits August 4, 2023 FTSE 100 was flat on Friday ending the week in subdued fashion, as advertising giant WPP’s tumbling profits led to its share price sliding. London’s flagship index was hovering between being up and dipping into the red throughout the day, and finished up at the close by almost half of one per cent. Meanwhile the [...]
FTSE 100: London markets mixed as rate jitters soften Standard Chartered’s boost July 28, 2023 The FTSE 100 had a subdued start to the day as interest rate jitters rippled across the Atlantic and weighed down the boost of Standard Chartered and British Airways owner IAG.
City watchdogs risk ‘watering down’ London rules in red tape bonfire, FTSE bosses warn July 25, 2023 City watchdogs are at risk of “watering down” standards in the capital as the government throws its weight behind with a slew of reforms to the listings regime and capital markets, FTSE bosses have warned.