FTSE 100 Down Marginally In Cautious Trade

RTTNews | 59 दिनों पहले

(RTTNews) - U.K. stocks are subdued on Monday as investors monitor the developments on the trade front ahead of the July 9 deadline for U.S. reciprocal tariffs.

U.S. President Donald Trump has ruled out extending the July 9 deadline, expressing confidence that agreements would be reached in time to avoid higher tariffs.

While discussions with Japan continue, Canada moved to calm tensions after reversing its decision to impose a Digital Service Tax (DST) on American technology companies. Trump characterized trade in cars between the U.S. and Japan as unfair and floated the idea of keeping 25% tariffs on autos in place.

There is still some uncertainty over key details with regard to U.S.-China trade deal.

Meanwhile, a new trade agreement between the United States and the United Kingdom that reduces U.S. tariffs on British cars and aircraft parts officially came into effect today.

The benchmark FTSE 100 was down 14.44 points or 0.17% 8,784.47 a little while ago.

Rolls-Royce Holdings and Imperial Brands are gaining 1.7% and 1.5%, respectively. The Sage Group, Auto Trader Group, Coca-Cola HBC, Smith & Nephew, DCC and BSE Systems are up 0.8 to 1.2%.

Intermediate Capital Group is down 3.2%. Persimmon, Barratt Redrow, Taylor Wimpey, Experian, BT Group, Marks & Spencer, Prudential, Schroders, Standard Chartered and Centrica are down 1 to 2.2%.

In economic news, UK mortgage approvals increased for the first time so far this year in May, suggesting an improvement in housing market activity, figures from the Bank of England showed.

The net mortgage approvals for house purchases that indicate future borrowing rose by more-than-expected 2,400 to 63,000 in May. This was the first increase since December 2024 and also exceeded economists' forecast of 61,000.

Approvals for remortgaging also increased in May, by 6,200 to 41,500. This was the largest increase since February 2024, data showed.

Net borrowing of mortgage debt by individuals rose by GBP 2.8 billion to GBP 2.1 billion, following a large decrease of GBP 13.8 billion to -GBP 0.8 billion in April.

Walgreen Co. Now Operating As Private Standalone Company Under Sycamore Partners

Independent retail pharmacy Walgreen Co. announced Thursday it is now operating as a private standalone company following the closure of the acquisition of Walgreens Boots Alliance, Inc. (WBA) by New York-based private equity firm Sycamore Partners.

RTTNews | 17 मिनटों पहले

U.S. Economy Surges More Than Previously Estimated In Q2

The U.S. economy grew by more than previously estimated in the second quarter of 2025, according to revised data released by the Commerce Department on Thursday. The report said real gross domestic product shot up by 3.3 percent in the second quarter compared to the previously reported 3.0 percent surge. Economists had expected the jump in GDP to be upwardly revised to 3.1 percent.

RTTNews | 28 मिनटों पहले

U.S. Weekly Jobless Claims Dip Roughly In Line With Estimates

A report released by the Labor Department on Thursday showed a modest decrease by first-time claims for U.S. unemployment benefits in the week ended August 23rd. The Labor Department said initial jobless claims dipped to 229,000, a decrease of 5,000 from the previous week's revised level of 234,000. Economists had expected jobless claims to slip to 230,000.

RTTNews | 35 मिनटों पहले

Switzerland Logs Weaker Growth, Trims 2026 Outlook

The Swiss economy expanded modestly in the second quarter, as estimated earlier, and higher U.S. tariffs are set to push down growth prospects, the State Secretariat for Economic Affairs said Thursday. Gross domestic product grew 0.1 percent from the first quarter, unchanged from the flash estimate. Growth softened notably from 0.7 percent in the first quarter.

RTTNews | 1घंटे 40 मिनट पहले