Daily market update

Minimum wage chatter hits pub stocks, H&M bounces back and Carnival reports bumper cruise demand

“The S&P 500 rebounded after a few troublesome sessions despite tech giants Nvidia and Alphabet slipping back,” says AJ Bell Investment Analyst Dan Coatsworth.

“These...

Wed, 27/03/2024 - 17:29

FTSE dips, Ithaca strikes North Sea deal, S4 misses sales targets, CMA concludes greenwashing probe into Boohoo and ASOS, GameStop slumps, bidding war for DS Smith and Travis Perkins CEO to leave

“The FTSE 100 remains short of direction heading towards the long Easter weekend with the main movers on the index driven higher by M&A activity,”...

Wed, 27/03/2024 - 09:54

Trump Media soars on market debut and BYD misses profit expectations

“The meme stock craze is back in full force as investors raced to bid up shares in Donald Trump’s media company,” says AJ Bell Investment...

Tue, 26/03/2024 - 17:19

FTSE 100 dips ahead of US consumer confidence reading, Ocado Retail sees strong quarter, ASOS sales remain in freefall and last chance saloon for Revolution Bars

“The FTSE 100 dipped at the open but remains within striking distance of its all-time highs above 8,000 as investors eye a reading of US...

Tue, 26/03/2024 - 09:28

UK government sells another chunk of NatWest shares, US tech firms Apple, Alphabet and Meta under investigation and Boeing clears out top management

“The UK bucked a positive trend across European markets by slipping into the red. Spirax-Sarco Engineering took the wooden spoon after topping the FTSE 100’s...

Mon, 25/03/2024 - 17:37

Renewed geopolitical tensions halt equity market rally, S4 Capital takeover chatter continues and Kingfisher warns on profit

“Heightened tensions between Ukraine and Russia have brought a halt to the rally in equity markets seen last week,” says Russ Mould, Investment Director at...

Mon, 25/03/2024 - 10:23

FTSE continues to climb as investor sentiment high, Fedex soars on cost cutting and Nike trips up on outlook

“After a stunning session on Thursday, the FTSE 100 continued its ascent at the end of the trading week with a 0.6% rise to 7,930....

Fri, 22/03/2024 - 10:41

Rate cut optimism boosts UK markets and Apple falls as US files lawsuit

“Considering nothing actually changed today, it feels like a lot has happened,” says Danni Hewson, Head of Financial Analysis at AJ Bell.

“London markets...

Thu, 21/03/2024 - 17:13

Markets rally on rate cut hopes, Virgin Money board recommends Nationwide’s takeover offer, Next in optimistic mood as sales and profit rise and dividends back at Direct Line

“All it took was the slightest hint of satisfaction by the Fed to make markets rally once again,” says Russ Mould, Investment Director at AJ...

Thu, 21/03/2024 - 11:56

FTSE 100 lower after UK inflation data and ahead of Fed meeting, Burberry hit by Kering warning, Prudential delivers strong results and Computacenter warns of second-half weighting in 2024

“The FTSE 100 dipped at the open despite UK inflation numbers falling more than expected for February,” says AJ Bell Investment Director Russ Mould.

“The...

Wed, 20/03/2024 - 09:43

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