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 [...]
London Stock Exchange Group: Equity arm continues to lose relevance May 1, 2025 London Stock Exchange Group’s (LSEG) equity business has continued to diminish in importance, as the firm struggles to attract new IPOs to UK markets. LSEG’s market arm was actually the fastest growing part of its business in the first quarter of 2025, but not due to the London Stock Exchange itself, the firm revealed in [...]
Private takeovers ‘biggest threat’ to London market, report finds April 30, 2025 Private markets are a much bigger threat to the London Stock Exchange than the lure of an overseas listing, a new report has found, as it poured scorn on the “misleading” narratives that tempt fast-growing firms to drop London in favour of a New York IPO. The US has welcomed as much as $676bn worth [...]
Trump’s first 100 days: From stock market carnage to electing Carney April 29, 2025 Tuesday marks President Trump’s second first 100 days. On 29 April 2017, pundits looked back at the opening of the then 45th President’s term as a period that had shaken presidential norms and perhaps lowered the tone. In comparison, these first three months have been an earthquake. Trump has shown himself willing to execute the [...]
Bank of England ‘analysing’ end of dollar’s prestige April 29, 2025 The Bank of England’s stability watchdog is assessing the potential impacts of the dollar’s recent slump after President Trump’s tariffs spooked investors. Sam Woods, head of the Prudential Regulation Authority (PRA) and Bank deputy governor, suggested that the first month of Trump’s global trade war had diminished the dollar’s status as a safe haven currency. [...]
Rolls-Royce’s FTSE 100 shares near complete recovery after tariffs shock April 25, 2025 Shares in FTSE 100 giant Rolls-Royce have surged to their highest value since US President Donald Trump shocked global markets with his trade tariffs. The Derby-headquartered group has seen a spike in its share price of almost two per cent in early trading on Friday morning, continuing a recovery which started on 7 April. The [...]