The FTSE 100 hit an all-time high on Tuesday, before returning some gains after somewhat hawkish words from a UK monetary policymaker. The FTSE 100 index closed up 20.94 points, 0.2%, at 8,044.81. The FTSE 250 shot up 200.33 points, 1.0%, at 19,799.72, and the AIM All-Share ended up 5.69 points, 0.8%, at 754.87. The Cboe UK 100 ended up 0.2% at 803.32, the Cboe UK 250 rose 0.9% to 17,156.66, a...

Mega tech earnings kick-off this week with Tesla (TSLA:NASDAQ) set to get the ball rolling after the market close Tuesday (23 Apr), and the results and commentary are likely to be bleak. The electric vehicle giant earlier this month reported an 8.5% decline in deliveries and rising inventories, and only this week announced the latest in a series of price cuts globally, further eating into marg...

Stock prices in London rose on Tuesday heading into the afternoon, as UK economic data buoyed investors with 'fresh optimism' and helped the FTSE 100 hit another intraday high. Amongst individual stocks, AB Foods was the star of the morning, thanks to a jump in its interim profit. JD Sports also rose, after agreed to buy US sports fashion retailer Hibbett for just over $1 billion. The FTSE 100...

JD Sports Fashion was one of the top gainers in the FTSE, gaining 7% to 126.1p as investors sensed a win-win outcome following the acquisition of US rival Hibbett (HIBB:NASDAQ) for $1.1 billion (£899 million) in cash. The proposed transaction values Hibbett at $87.5 per share, equating to a 21% premium to its closing price on Monday (22 April). In pre-market trading, Hibbett shares were trad...

Grocery-to-retail conglomerate Associated British Foods delivered investors a double helping of good news with consensus-beating first-half results and a 46% increase in the interim dividend. In response the shares jumped 9% to £27.50, topping the FTSE 100 leader board and returning to their pre-pandemic peak. BETTER ACROSS THE BOARD The group posted a 5% increase in revenue to £9.73 billio...

THIS IS AN ADVERTISING FEATURE Capital at risk. The value of investments and the income from them can fall as well as rise and are not guaranteed. Investors may not get back the amount originally invested. Latin American economies welcomed 2024 with new economic vigour. They have shaken off a legacy of economic mismanagement, and now look set to play a new role in the global economy. The reg...

Investors in London continued to show confidence, as stocks at the open on Tuesday added to Monday's gains, boosted by the prospect of interest rate cuts. The FTSE 100 index opened up 33.06 points, 0.4%, at 8,056.93. The FTSE 250 was up 54.48 points, 0.3%, at 19,653.87, and the AIM All-Share was up 2.14 points, 0.3%, at 751.32. The Cboe UK 100 was up 0.3% at 804.24, the Cboe UK 250 was up 0.2%...

London's FTSE 100 achieved a record close on Monday, as sabre-rattling in the Middle East began to die down, while the pound struggled on renewed hope that the Bank of England is taming UK inflation. Among individual shares, there was some M&A impetus for Tyman and Hipgnosis Songs Fund. A bullish broker note lifted some UK high street and grocer stalwarts, though model train maker Hornby went...

Shares in Mobico were down over 8% to 54p in morning trading despite the bus and rail business reporting a 12.2% rise in group full year revenue to £3.15 billion, driven by improved passenger volumes, route recovery and pricing. The transport group however made a group pre-tax loss of £98.3 million and a group operating loss of £21.4 million for the year ending 31 December 2023, impacted b...

Those looking for evidence wealthy US Americans are still spending freely need look no further than American Express after the credit card giant topped first-quarter earnings expectations on Friday (19 April). The shares leapt 6% to a new all time high of $231 taking year-to-date gains to 23% compared with a 5% gain for the S&P 500 index. The New York-based company delivered a 39% increase in...

Investors in London showed confidence on Monday, as Ocado boosted the FTSE 100 despite shareholder pressure to move its listing to the US, while takeover talks drove Hipgnosis Songs Fund and Tyman in the FTSE 250. Amongst individual stocks, Ocado boosted the FTSE 100 on pressure to move to the US. The FTSE 250 got a boost from takeover talks for both Hipgnosis Songs Fund and Tyman. The FTSE 10...

Building products group Tyman is the latest UK mid-cap to attract a trade buyer with US firm Quanex (NX:NYSE) offering 400p per share for the business in a mix of cash and stock. Tyman shares jumped 29% to 381p although volumes were fairly light compared with previous days. SUBSTANTIAL SHARE-BASED ELEMENT Texas-based Quanex makes window and door screens, glass spacers and kitchen and bathroom...