3 h. ago FTSE 100 hits record high after optimistic UK economic reports

For the week, the FTSE 100 rose 3.1%, the FTSE 250 advanced 3.4% and the AIM All-Share went up 0.7%.

Economics

31 h. ago UK manufacturers hit by largest drop in orders since 2020; FTSE 100 hits record high – business live

Shares in oil companies jump after US sanctions Russian energy firms, while manufacturers see weak prospects aheadYesterday’s weaker-than-expected UK inflation report has sparked chat that the Bank of England could cut interest rates sooner than expected.Deutsche Bank say there is now an “interesting debate” on whether there may be enough ammunition for the Bank’s monetary policy committee to cut borrowing costs as soon as its next meeting in early November.What’s the case for November? Relative to the Bank’s projections, growth has surprised to the downside, private sector AWE growth has surprised to the downside, unemployment has risen in line with Bank expectations, and inflation now sits a healthy amount below the Bank’s projections. Indeed, one could make the argument that the ingredients for a November rate cut are there.So, why not November? We think three things will be important for the MPC to see before dialling down restrictive policy again. One, the MPC may want to see s...

Economics

32 h. ago UK manufacturers hit by largest drop in orders since 2020; FTSE 100 hits fresh record high – business live

Shares in oil companies jump after US sanctions Russian energy firms, while manufacturers see weak prospects aheadYesterday’s weaker-than-expected UK inflation report has sparked chat that the Bank of England could cut interest rates sooner than expected.Deutsche Bank say there is now an “interesting debate” on whether there may be enough ammunition for the Bank’s monetary policy committee to cut borrowing costs as soon as its next meeting in early November.What’s the case for November? Relative to the Bank’s projections, growth has surprised to the downside, private sector AWE growth has surprised to the downside, unemployment has risen in line with Bank expectations, and inflation now sits a healthy amount below the Bank’s projections. Indeed, one could make the argument that the ingredients for a November rate cut are there.So, why not November? We think three things will be important for the MPC to see before dialling down restrictive policy again. One, the MPC may want to see s...

Economics

2 w. ago London's FTSE 100 hits fresh high as banks gain, gold tops $4,000

London's FTSE 100 hits fresh high as banks gain, gold tops $4,000  Reuters

Economics

2 w. ago FTSE 100 Live 07 October: House prices weaken, B&M hit by poor trading

Gold and Bitcoin prices are in focus after they traded at record levels earlier today.

Society

3 w. ago FTSE 100 hits another high despite concerns over US government shutdown

Drug companies AstraZeneca, Hikma Pharmaceuticals and GSK were all big risers.

Events

3 w. ago UK’s FTSE 100 share index hits record high; US jobs market weakens as companies cut workers – business live

FTSE 100 hits record high as global stocks celebrate best September since 2013UK business confidence falls to record low amid rising employment costsOver in the eurozone, the manufacturing sector has slipped back into contraction.Data firm S&P Global reports that factory operating conditions across the euro area deteriorated in September, due to a reduction in new order inflows and a sharper rate of job shedding. Continue reading...

Economics

3 w. ago London's FTSE 100 hits new record high as healthcare stocks surge

London's FTSE 100 hits new record high as healthcare stocks surge  Reuters

Events

3 w. ago FTSE 100 LIVE: London hits record high as global stocks cheer best September since 2013

FTSE 100 LIVE: London hits record high as global stocks cheer best September since 2013  Yahoo

Events

3 w. ago FTSE 100 hits new high despite worries over potential US government shutdown

Without Congress passing a bill to fund federal operations before midnight Tuesday night, the government will partially close up shop.

Events