FTSE 100 Rallies Ahead Of BOE Rate Decision

RTTNews | Pred 588 dňami
FTSE 100 Rallies Ahead Of BOE Rate Decision

(RTTNews) - U.K. stocks advanced on Thursday as investors reacted to a slightly dovish stance from the Federal Reserve and awaited cues from the Bank of England meeting later in the day.

The benchmark FTSE 100 jumped 95 points, or 1.3 percent, to 7,437 after closing 0.3 percent higher on Wednesday.

British American Tobacco rose half a percent after naming its next CFO.

BT Group, Britain's biggest broadband and mobile provider, soared 6.5 percent after quarterly earnings beat forecasts.

Shell climbed 2.2 percent. The oil giant announced a $3.5 billion share buyback after reporting $6.2 billion profit for the third quarter, matching estimates.

Trainline shares jumped 10 percent. The online vendor moved its forecasts for the full year towards the top end of its guidance after pre-tax profit rose for the first half of fiscal 2024.

Ladbrokes-owner Entain fell 2.3 percent after lowering its profit margin forecast for the year.

Hikma Pharma lost 3 percent despite forecasting core operating margin growth for its generics business at the upper end of its earlier guidance for this year.

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U.S. Producer Prices Inch Up 0.1% In May, Less Than Expected

U.S. Producer Prices Inch Up 0.1% In May, Less Than Expected

After reporting an unexpected decrease by U.S. producer prices in the previous month, the Labor Department released a report Thursday showing producer prices crept slightly higher in the month of May. The Labor Department said its producer price index for final demand inched up by 0.1 percent after slipping by a revised 0.2 percent in April.
RTTNews | Pred 38 minútami
U.S. Weekly Jobless Claims Unexpectedly Unchanged At Eight-Month High

U.S. Weekly Jobless Claims Unexpectedly Unchanged At Eight-Month High

The Labor Department released a report on Thursday showing first-time claims for U.S. unemployment benefits came in flat in the week ended June 7th. The report said initial jobless claims in at 248,000, unchanged from the previous week's revised level. Economists had expected jobless claims to dip to 240,000 from the 247,000 originally reported for the previous week.
RTTNews | Pred 42 minútami
Bay Street Likely To Open On Negative Note

Bay Street Likely To Open On Negative Note

Canadian shares are likely to open with a negative bias on Thursday as trade concerns, and Middle East tensions may weigh on sentiment. A lack of specifics in the framework agreed to by U.S. and Chinese officials on Tuesday has raised uncertainty about the two nations reaching an agreement anytime soon.
RTTNews | Pred 1 h 25 min
U.S. Producer Prices Inch Up Less Than Expected In May

U.S. Producer Prices Inch Up Less Than Expected In May

After reporting an unexpected decrease by U.S. producer prices in the previous month, the Labor Department released a report Thursday showing producer prices crept slightly higher in the month of May.
RTTNews | Pred 1 h 51 min
Boeing Shares Hit After 787-8 Dreamliner With 242 Onboard Crashes In India

Boeing Shares Hit After 787-8 Dreamliner With 242 Onboard Crashes In India

Boeing Co. shares are currently down around 8 percent in the pre-market activity on the NYSE after an Air India aircraft headed to London with 242 people onboard crashed immediately after take-off in the Indian city of Ahmedabad. The plane, a Boeing 787-8 Dreamliner headed to Gatwick Airport in the UK, crashed in a civilian area near the Sardar Vallabhbhai Patel International Airport.
RTTNews | Pred 2 h 10 min
FTSE 100 Recovers After Weak Start, Up Marginally

FTSE 100 Recovers After Weak Start, Up Marginally

After opening on a negative note amid trade tensions and data showing a contraction in the nation's GDP growth in April, U.K. stocks recovered some lost ground on Thursday. Still, amid uncertainty about China and the U.S. agreeing on a concrete trade deal anytime soon, and lingering concerns about the European Union finalizing a trade deal before the July 8 deadline, the mood in the market remain
RTTNews | Pred 2 h 20 min
GameStop Shares Plunge After Plan To Raise $1.75 Bln

GameStop Shares Plunge After Plan To Raise $1.75 Bln

Shares of GameStop Corp. plunged around 11 percent in the extended trading on Wednesday and are currently trading 13 percent lower in the pre-market activity on the NYSE, after the company announced plan to raise $1.75 billion again in private offering, probably for Bitcoin purchase. GameStop's shares had declined sharply in March after the firm announced a $1.3 billion private offering.
RTTNews | Pred 3 h 21 min