FTSE 100 Rises As Retail Sales Rebound

RTTNews | 552 일 전
FTSE 100 Rises As Retail Sales Rebound

(RTTNews) - U.K. stocks rose notably on Friday after retail sales rebounded by much more than expected in January.

Retail sales surged by 3.4 percent in the month after sliding by 3.3 percent in December. Economists had forecast retail sales to increase by 1.5 percent in January.

The benchmark FTSE 100 was up 49 points, or 0.7 percent, at 7,647 after edging up 0.4 percent on Thursday.

Dialight, the global leader in LED lighting for heavy industrial applications, fell nearly 2 percent on news that Fariyal Khanbabi has decided to step down as Chief Executive Officer and as a director of the company with immediate effect.

NatWest Group rose over 2 percent as the bank announced its biggest annual profit last year since the 2007 financial crisis. Warehousing group Segro added 1.3 percent after narrowing its FY23 loss before tax on rent growth and strong occupier demand.

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Pound Rises Against Majors

Pound Rises Against Majors

The British pound strengthened against other major currencies in the European session on Thursday.
RTTNews | 55 분 전
European Shares Subdued Ahead Of Jackson Hole Summit

European Shares Subdued Ahead Of Jackson Hole Summit

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RTTNews | 1 시간 3 분 전
Asian Shares Mixed As Investors Await Powell Speech

Asian Shares Mixed As Investors Await Powell Speech

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RTTNews | 1 시간 34 분 전
European Shares Seen Flat To Higher At Open

European Shares Seen Flat To Higher At Open

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RTTNews | 5 시간 28 분 전
Australian Market Extends Early Gains In Mid-market

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The Australian market is extending early gains in mid-market moves on Thursday, adding to the gains in the previous session, following the mixed cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving up to near the 9,000 mark to fresh all-time highs, with gains across most sectors led by mining, financial and energy stocks.
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