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.
Struggles continue at NHS 111 operator Totally as boss warns of ‘unforeseen pressure’ May 7, 2024 The boss of NHS outsourcer Totally has warned of "unforeseen pressure" on its services amid ongoing problems at third-party healthcare suppliers.
BP reports profit drop as lower oil prices hit earnings May 7, 2024 Murray Auchincloss, chief executive officer said: "We've delivered another resilient quarter financially and continued to make progress on our strategy."
FTSE 100 today: London markets to scale to new highs on growing rate cut bets, riding global rally wave May 7, 2024 Asian markets surged in line with Wall Street's positive trend, while oil prices rose after Israel's strike in Gaza. Gold prices also climbed amid geopolitical uncertainties. Australia's central bank holds the cash rate at 4.35 per cent. Investors are now focused on the Bank of England (BoE) policy decision and UK GDP data for further market cues.
AIM hit by sharp liquidity drop in further blow to London market May 6, 2024 Companies listed on the UK's AIM have seen the average value of their shares trading fall over 15 per cent in the last year.
HSBC dished out $19bn to shareholders last year – and there’s more to come in 2024 May 3, 2024 HSBC dished out roughly $19bn (£15.1bn) to shareholders in respect of last year and expects continued strong payouts in 2024, its management has said, as Europe's biggest bank looks to weather economic uncertainity and interest rate cuts.
Guinness-maker Diageo poaches Coca-Cola bottler finance chief as Crew looks to revive sales May 3, 2024 Diageo has poached a new chief financial officer from the world’s largest Coca-Cola bottler today as chief executive Debra Crew pushes ahead with plans to revive the drinks giant's flagging sales.
Spurned DS Smith bidder Mondi battles lower selling prices May 3, 2024 Packaging and paper Mondi has reported that it has entered the year with lower selling prices, with the blame on the devaluation of the Egyptian pound
Trainline doubles profit as sales in Europe accelerate amid Labour’s nationalisation threat May 3, 2024 New ticket sales rose 22 per cent to £5.3bn up from £4.3bn in 2023 due to strong European demand and an ease in the impact of UK rail strikes.
Shell focused on ‘delivering more value’ as speculation around US listing swirls May 2, 2024 FTSE 100 giant Shell has today reported a 15 per cent jump in earnings before interest, tax, deprecation and amortisation (EBITDA) for the first quarter.