FTSE 100 Live: Supermarket shares fall in trolley wars; M&S rises amid cyber recovery Markets Good morning and welcome back to the City AM liveblog. The FTSE 100’s rally came crashing down yesterday as steep losses across commodities dragged the index into the red. Whilst one shouldn’t fret too much with the index still holding firm above its latest milestone, Wednesday’s 0.7 per cent drop still wiped over 70 points [...]
Nvidia stock dips despite record quarter as uncertainty spooks markets Tech Nvidia’s earnings once again beat expectations last night, but the AI chipmaker’s shares slipped in after-hours trading due to ongoing uncertainty over China. The Silicon Valley-based group, now worth more than $4tn (£3.1tn) reported fiscal second-quarter revenue of $46.7bn, up 56 per cent year on year, with adjusted earnings per share of $1.05. Both figures came in [...]
Retail sales fall for eleventh consecutive month Retail UK retail sales have continued their steady decline as price pressures weigh on already-stretched consumers, according to new data. The CBI’s monitor for annual retail sales was little changed at -32 in August, from -34 in July. “Weak demand and higher labour costs continue to put pressure on margins, dampening sentiment across the retail and [...]