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FTSE 100 Breaks 8,300 as Cooling Inflation Fuels Rate Cut Expectations

The FTSE 100 index witnessed a significant rise, climbing 99 points (+1.21%) to close the day a shade above 8,300, as inflation figures showed a slowdown for December

dividend nigeria
Asktraders News Team
Trustpilot, Wise Downgraded as Macro Backdrop ‘Still Subdued’

Morgan Stanley downgraded both Trustpilot (LON: TRST) and Wise (LON: WISE) to "Equal Weight" from "Overweight" in a note this week. The investment bank's analysts cited a "

Sam Boughedda
Can Vistry Share Price Climb as Completions Rise in FY24?

Vistry Group's (LON: VTY) shares have moved higher so far on Wednesday, gaining over 5%, following a promising trading update for the year ended 31 December 2024. [stock_marke

Vistry group
Sam Boughedda
FTSE 100 Holding 8,200 as Ocado Makes Strong Gain

The FTSE 100 index displayed mixed movements in trading sessions on January 14, evidencing both significant declines and gains among constituent companies. JD Sports

Asktraders News Team
Persimmon Shares (LON: PSN) Jump as Firm Increases Profit Guidance

Developer Persimmon (LON: PSN) has raised its 2024 pre-tax profit guidance, surprising investors and market analysts with better-than-expected home completions and increased average selling prices. This update was well receiv

Asktraders News Team
British American Tobacco Shares Dip as Reinet Plans to Sell Stake

British American Tobacco shares (LON: BATS) are trading down today, shedding 1.88%, as Reinet has announced its intention to divest its holdings in the firm. The Jerse

british american tobacco kenya
Asktraders News Team
JD Sports Downtrend Continues as Profit Forecast Lowered

JD Sports Fashion (LON: JD.) revised its profit forecast downward on Tuesday, citing higher-than-anticipated market headwinds during the holiday trading period.  [stock_market

JD Sports store
Sam Boughedda
Ocado Q4 Sales Growth Boosts Stock: Will it Snap Losing Streak?

Ocado Group (LON: OCDO) shares surged in early Tuesday trading, climbing more than 13% after Ocado Retail reported impressive fourth-quarter results, with a notable 17.5% increase in retail revenue, reaching £715.8 million.&n

Ocado delivery
Sam Boughedda
Tesco’s Price Target Trimmed, With Bullish Sentiment Maintained

Tesco shares (LON: TSCO) have had their outlook revised at JPMorgan, with an adjustment in price target on TSCO from 410p to 400p. Despite the trim in target price, the firm has maintained an "overweight" rating on Tesco’s st

Asktraders News Team
Lloyds Bank Shares Trading in Range as Firm Links Bonuses to Office Attendance

Lloyds Banking Group PLC (LON: LLOY) has recently informed its senior staff that their bonuses might be impacted based on their adherence to the company's office attendance policy. This policy mandates senior employees to wor

Lloyds Bank LON:LLOY
Asktraders News Team
Filtronic Share Price Rally Continues as Trading Ahead of Expectations

Filtronic (LON: FTC) shares jumped at the open on Monday after telling investors its trading performance is exceeding expectations.  The company, listed on AIM under t

market upward trajectory
Sam Boughedda
GSK to Acquire IDRx in Deal Worth Up To $1.15bn

On Monday, GSK (LON: GSK) announced an acquisition agreement with IDRx, Inc., a Boston-based clinical-stage biopharmaceutical company, for up to $1.15 billion.  The de

GSK Office
Sam Boughedda
Serco Stutters as Jefferies Downgrade Shares to Hold and Trims Target

Serco Group shares (LON: SRP) are falling today, down 3.10% in early trading after as Jefferies analyst Allen Wells downgraded the stock from "Buy" to "Hold," while also lowering the price target to 175 GBp (previously 225 GB

Asktraders News Team
Reckitt Benckiser Shares (RKT) Break 5,000 as Morgan Stanley Upgrades

Reckitt Benckiser's shares (LON: RKT) are trading up 2.42% today, as the firm received a significant vote of confidence from Morgan Stanley. In a research note, the fir

Reckitt Benckiser Group Shares
Asktraders News Team
Centrica Share Price Target Cut, Drax Target Raised by Barclays

Barclays adjusted its outlook on two UK energy names in a note this week, cutting Centrica’s (LON: CNA) price target while raising its target for Drax Group (LON: DRX). Cen

Centrica building
Sam Boughedda
Sainsbury’s Shares Continue Decline Despite ‘Best Ever Christmas’

Sainsbury’s (LON: SBRY) shares continued their downward trajectory, falling more than 3% on Thursday and slipping over 2% further in early Friday trading, now standing at 552.7p. 

Sam Boughedda
Relx Share Price (LON:REL) Makes New All Time High, Analysts See Further Upside

Relx share price (LON:REL) hit new 52-week, and all-time highs in yesterday's session, reaching 3,820p intraday and closing out above 3,800. With the last 12 months bri

Relx logo
Asktraders News Team
FTSE 100 Makes Solid Gains as FTSE 250 Fights Back To Hold 20,000

The London Stock Exchange experienced a bullish day, away from the impact of closed U.S. markets, with the benchmark

uk stock market person holding union jack
Asktraders News Team
Marks & Spencer Stock Tumbles as Company Faces Higher Costs from Tax Increases

Marks & Spencer (LON: MKS) shares dropped more than 6% to 352.7p on Thursday despite reporting robust sales growth over the Christmas trading period.  [stock_market_widget

marks and spencer
Sam Boughedda
Greggs Share Price Drops Again Despite Record £2bn Sales in FY24

UK bakery chain Greggs (LON: GRG) reported a record £2.01 billion in total sales for the financial year 2024, marking an 11.3% increase compared to the previous year. However, its share price dropped further on Thursday.

Greggs store
Sam Boughedda
ICGT Executed Share Buyback as Stock Continues To Trade in Range

ICG Enterprise Trust plc (LON: ICGT) has announced a transaction involving the repurchase of its own shares, conducted on January 8. This strategic move is part of the company's broader efforts to manage its share capital eff

Asktraders News Team
Shell Warns of Weaker Gas Earnings, Stock Dips Along With Market

Shell's share price (LON:SHEL) saw a 1.11% decline today, following the company's announcement that it anticipates "materially weaker" earnings in its integrated gas division. Shell is also reducing its production guidance ac

shell liquid natural gas station
Asktraders News Team
Is the Raspberry Pi Rally Overdone?

Raspberry Pi (LON: RPI) shares have surged over 51% in the past three months, but the rally may have gone too far. That's according to HSBC analysts in a note this week. Th

Raspberry Pi
Sam Boughedda
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