FTSE 100 Edges Higher In Cautious Trade

RTTNews | vor 34 Tagen
FTSE 100 Edges Higher In Cautious Trade

(RTTNews) - U.K. stocks were slightly higher on Thursday as investors kept a close eye on developments in the Middle East and awaited comments later today from Bank of England policymaker Megan Greene for further clues on when the central might lower interest rates.

The benchmark FTSE 100 was up 27 points, or 0.3 percent, at 7,874. after gaining 0.4 percent on Wednesday.

BP Plc dropped 1.2 percent and peer Shell gave up half a percent after a sharp fall in oil prices overnight on demand concerns.

easyJet rallied 3.3 percent after the airline forecast a smaller-than-expected winter loss.

Mining giant BHP fell about 1 percent after third-quarter iron ore production fell 7 percent.

Bp Announces Simplified Structure To Reduce Duplication, Reporting Line Complexity Gold miner Centamin lost almost 4 percent after Q1 production came in slightly below expectations.

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UK Inflation Slows Less Than Expected To 2.3%

UK Inflation Slows Less Than Expected To 2.3%

UK consumer prices rose more than expected in April due to the stickiness of services inflation, which would possibly delay the timing of the first interest rate cut. Consumer prices rose 2.3 percent on a yearly basis in April, slower than the 3.2 percent increase in March, the Office for National Statistics reported Wednesday.
RTTNews | vor 4Std 3 Minuten
Target Q1 Profit Misses Estimates, Backs FY24 View; Stock Down

Target Q1 Profit Misses Estimates, Backs FY24 View; Stock Down

Target Corp. shares were losing more than 8 percent in pre-market activity on the NYSE after the general merchandise retailer reported weak profit, sales and comparable sales in its first quarter. Earnings per share missed the Street estimates. Further, the company issued second-quarter outlook and maintained fiscal 2024 forecast.
RTTNews | vor 4Std 56 Minuten
RBNZ Holds Key Interest Rate; Delays Rate Cut Plan

RBNZ Holds Key Interest Rate; Delays Rate Cut Plan

New Zealand's central bank maintained its benchmark rate for the seventh consecutive session and signaled a delay in rate cuts as services inflation is receding slowly. The Monetary Policy Committee of the Reserve Bank of New Zealand, led by Governor Adrian Orr, decided to hold the Official Cash Rate at 5.50 percent.
RTTNews | vor 5Std 19 Minuten
M&S Stock Up On Higher FY24 Results, Dividend, Outlook

M&S Stock Up On Higher FY24 Results, Dividend, Outlook

Shares of Marks and Spencer Group Plc or M&S were gaining more than 7 percent in the morning trading in London after the retail major reported Wednesday significantly higher profit and sales in its fiscal 2024. The company also announced a dividend, and said it is confident to make further progress in 2025 and beyond.
RTTNews | vor 6Std 18 Minuten