FTSE 100 Dips As Ashtead Cuts Outlook

RTTNews | Před 639 dny
FTSE 100 Dips As Ashtead Cuts Outlook

(RTTNews) - U.K. stocks started the week on a downbeat note following Ashtead's downbeat annual profit outlook.

The benchmark FTSE 100 was down 15 points, or 0.2 percent, at 7,489 after climbing 1.3 percent on Friday.

Energy stocks were subdued, with BP Plc and Shell trading marginally lower despite oil prices extending Friday's rally following reports that Saudi Arabia is preparing to prolong oil production cuts into next year.

Ashtead Group shares plummeted 10 percent after the equipment rental firm warned that annual profits will fall short of forecasts.

Catering group Compass Group fell more than 5 percent after annual profit missed expectations.

Halma rose nearly 2 percent after the safety, health and environmental-technology company bought the TeDan group of companies for an initial $89.1 million on a cash-free, debt free basis.

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Australian Dollar Falls Amid RBA Rate Cut Speculation

Australian Dollar Falls Amid RBA Rate Cut Speculation

The Australian dollar weakened against other major currencies in the Asian session on Wednesday, as traders expect two or more rate cuts if inflation continues to decline as anticipated. Earlier this month, the Reserve Bank of Australia (RBA) lowered its cash rate to 3.60 percent from 3.85 percent, as widely expected.
RTTNews | Před 46 minutami
New Zealand Hints At More Interest Rate Cuts

New Zealand Hints At More Interest Rate Cuts

The Reserve Bank of New Zealand reduced its key interest rate by 25 basis points to a three-year low and hinted at further easing on Wednesday. The Monetary Policy Committee, governed by Christian Hawkesby, voted to lower the Official Cash Rate to 3 percent from 3.25 percent. The bank has reduced the rate by 250 basis points since August 2024.
RTTNews | Před 1 h 1 min
NZ Dollar Slides As RBNZ Cuts Rate By 25 Bps

NZ Dollar Slides As RBNZ Cuts Rate By 25 Bps

The New Zealand dollar weakened against other major currencies in the Asian session on Wednesday, after the Reserve Bank of New Zealand decided to cut its key interest rate by 25 basis points and signaled further easing.
RTTNews | Před 2 h 22 min
European Economic News Preview: UK Inflation Data Due

European Economic News Preview: UK Inflation Data Due

Consumer prices from the UK and the euro area due on Wednesday, headlining a light day for the European economic news. At 2.00 am ET, the Office for National Statistics publishes UK consumer prices for July. Inflation is seen rising to 3.7 percent in July from 3.6 percent in the previous month.
RTTNews | Před 2 h 43 min
China Leaves Benchmark Interest Rate Unchanged

China Leaves Benchmark Interest Rate Unchanged

The People's Bank of China maintained its interest rates on Wednesday, as Beijing focus on fiscal policy easing and more targeted measures. The central bank left its one-year loan prime rate at 3.0 percent. Similarly, the five-year LPR, the benchmark for mortgage rates, was retained at 3.50 percent. The bank had reduced its both LPRs by quarter points in October 2024.
RTTNews | Před 2 h 52 min
Yen Rises Against Majors

Yen Rises Against Majors

The Japanese yen strengthened against other major currencies in the Asian session on Wednesday.
RTTNews | Před 3 h 41 min