Rolls-Royce: Shares in FTSE 100 giant rally on trade deal hopes May 8, 2025 Shares in Rolls-Royce were driving the FTSE 100’s gains on Thursday as the UK looked poised to secure a trade deal with the US. Shares in the Derby-headquartered group were trading up three per cent at 790.60p in early deals, closing in on its all-time high The firm, which triumphed as Business of the Year [...]
Bank of England interest rates cut ‘nailed on’ May 8, 2025 The Bank of England is “nailed on” to cut interest rates later today to 4.25 per cent, investors believe. City of London leaders are anxiously awaiting the Bank’s newest monetary policy decision, which is set to be unveiled at 12.02pm due to a two-minute silence to commemorate Victory in Europe day. Investment analysts have suggested [...]
Fed expected to hold interest rates and vex Trump May 7, 2025 The US Federal Reserve will not bring interest rates down until July, Goldman Sachs has predicted, in what may spark a fresh conflict between President Trump and Fed chair Jerome Powell. The world’s most powerful central bank has held back from making interest rate cuts due to a foggy outlook on what a trade war [...]
Lord Cruddas’ CMC Markets takes control of blockchain firm May 7, 2025 CMC Markets, the firm founded by Conservative Peer Lord Peter Cruddas, announced on Wednesday it had acquired a majority stake in StrikeX Technologies. The London-based trading firm upped its holding in the blockchain firm to 51 per cent from 33 per cent previously. Shares in CMC Markets were up 0.3 per cent in midday trading [...]
FTSE 100’s record run ends as pharma stocks slide on new Trump appointment May 7, 2025 The FTSE 100’s record run came to an end on Wednesday as pharma stocks slumped on the back of a controversial US regulatory appointment. The blue-chip index spent the entire session in the red and closed off 0.4 per cent. Drugmakers GSK and Astrazeneca were among the top fallers, at nearly five per cent and [...]
Key takeaways from Deliveroo’s Doordash deal May 6, 2025 Deliveroo’s 2021 flotation had been tipped as London’s hottest IPO. Within days it was rebranded one of the worst in history. The company had been valued at a whopping £7.6bn, making it one of the top tech firms in Britain and propelling its co-founder, Will Shu, from relative obscurity to a star CEO with a [...]
FTSE 100 extends record win streak as gold miners rally May 6, 2025 The FTSE 100’s record run, fuelled by a recovery in investor sentiment following a pullback in US tariff threats, extended to 16 days on Tuesday. The blue-chip index had another nail-biting session fluctuating between small gains and losses before scraping a 0.01 per cent win. Gold miners led the risers as Endeavour and Fresnillo topped [...]
EY: Profit warnings surge points to ‘economic shock’ May 6, 2025 Nearly one in five listed companies have told investors that they expected profits to decline in the past twelve months, new research has suggested, reflecting firms’ vulnerabilities to higher taxes and damaging tariffs. Chancellor Reeves flattered investors in the run-up to last year’s election, calling Labour the “natural party of business”. But a new report [...]
When words matter more than numbers at the Bank of England May 5, 2025 City analysts have pencilled in their predictions for Thursday. Here’s how almost all of them likely read. Interest rates will be cut to 4.25 per cent, the Bank of England’s inflation forecast for this year will exceed its two per cent target and President Trump’s tariffs will be highlighted as a detriment to UK growth. [...]
FTSE 100 on track for longest winning streak ever May 2, 2025 The FTSE 100 is set to net its longest winning run ever as it recovers from the tariff-induced market chaos of April. Should the UK’s flagship index continue its morning rally and close in the green on Friday for the 15th consecutive trading session, it will beat the current record of 14 days achieved in [...]