FTSE 100 live: London markets poised for green start amid increasing bets on 2024 BoE rate cut Live! The daily London market update: Market moving news from the FTSE 100 and around the world from City A.M.
FTSE 100 today: Rate cut optimism to fuel Footsie’s push to fresh record highs Markets Markets showcase mixed performance in Asia, mirroring Wall Street's trajectory. Oil prices dip, while Reddit shares soar by 16 per cent. Additionally, TikTok initiates a legal challenge against a potential US ban, adding to tech sector uncertainties. All attention now shifts to the Bank of England policy decision and UK GDP data release.
Youngest self-made billionaire chooses London for European HQ Tech Scale AI's founder became the youngest self-made billionaire in the world at age 24, according to Forbes, in 2022.
Truspine chief resigns ‘with immediate effect’ amid investor efforts to oust him May 7, 2024 The chief executive of a London-listed medical technology firm has resigned following investor efforts to oust him and the chief financial officer from the company.
FTSE 100 closes above 8,300 barrier amid global rally May 7, 2024 London's FTSE 100 posted a new intraday record on Tuesday amid a global stock market rally driven by renewed optimism on interest rate cuts from major central banks.
Plus500 shareholders reject bosses’ paypackets after proxy resistance May 7, 2024 Shareholders in fintech firm Plus500 have revolted against the multi-million pound paypacket of its two bosses today in the first major rebellion of a fractious AGM season marked by resistance over executive pay.
Ferrari profit rises but investors cool on mixed outlook May 7, 2024 Profit at Ferrari rose by nearly a fifth in the first quarter, driven by increasing demand for bespoke personalisations.
Why an Aegon sustainable manager is buying bonds in polluting companies May 7, 2024 Rory Sandilands, manager of the Aegon Global Climate Transition fund, is pushing to make companies emit less by buying their bonds.
Disney streaming turns profit for first time since launch on back of the Bear May 7, 2024 This comes after Disney's streaming service has lost around $11bn since launching in 2019, including $587m (£467.58m) a year earlier, in the same period.
Revolut launches ‘crypto exchange for pros’ May 7, 2024 Revolut has expanded its presence in the digital assets sector with the launch of a UK crypto exchange for "experienced traders".