There's been plenty of talk about an IPO (initial public offering) market revival this year, and Ibotta's (IBTA:NYSE) blistering New York debut will only bolster that narrative. On its first day as a public company, shares in the venture-backed digital couponing app jumped 17% from its $88 IPO price, which was already at the top of the range bankers expected. That nudges the company's market c...

US stocks endured a difficult week with technology stocks and small caps particularly in the firing line amid disappointing news from the chip sector, escalating tensions in the Middle East and the pushing back of rate cut expectations. Electric vehicle maker Telsa had a particularly tricky time of it as investors continue to react to news of job cuts, a big delivery miss earlier this mo...

European stocks declined on Friday morning after reports of explosions in Iran, fuelling worries of a conflict escalation. The FTSE 100 index opened 50.93 points lower, 0.7%, at 7,826.12. The FTSE 250 was down 178.53 points, 0.9%, at 19,272.14. The AIM All-Share was down 4.15 points, 0.6%, at 741.14. The Cboe UK 100 fell 0.7% to 781.46, the Cboe UK 250 was down 0.8% at 16,706.81, and the Cboe...

London stock prices mostly recovered on Thursday from the threat of higher for longer US interest rates, while initial jobless claims remained stable. The FTSE 100 index closed up 29.06 points, 0.4%, at 7,877.05. The FTSE 250 ended up 110.53 points, 0.6%, at 19,450.67, and the AIM All-Share closed up 2.17 points, up 0.3%, at 745.29. The Cboe UK 100 ended up 0.2% at 786.93, the Cboe UK 250 clos...

Pest control and hygiene firm Rentokil underwhelmed investors with its first-quarter trading update despite a more stable performance in its key North American market. The shares eased 13p or 3% to 433p, taking them to the bottom of the FTSE 100 leader board and eradicating almost all the gains since it published its full-year results in early March. SLOW AND STEADY Revenue for the first thre...

Shares in EasyJet gained over 3% in morning trading to 535p after the low-cost airline said winter losses for full year 2024 had been reduced by more than £50 million as summer demand continued. EasyJet now expects a headline pre-tax loss of between £340 and £360 million which is an improvement despite 'headwinds from fuel cost per seat inflation of 6% and the conflict in the Middle East'...

Investors in London were not deterred by continuing concerns of higher for longer US interest rates, as stocks were up heading into the afternoon. The FTSE 100 index was 14.38 points higher, 0.2%, at 7,862.37. The FTSE 250 was up 63.75 points, 0.3%, at 19,403.89. The AIM All-Share was up 0.59 of a point, 0.1%, at 743.71. The Cboe UK 100 was a touch higher at 785.28, the Cboe UK 250 was up 0.1%...

Casino and bingo operator Rank said like-for-like net gaming revenue for the third quarter to 31 March increased by 6% to £182.3 million, with trading continuing to improve in April. Shares in the Grosvenor Casinos and Mecca Bingo operator increased 2.6% to 72.9p and sit around 4% lower than the start of the year compared with a 1.5% gain in the FTSE-All Share index. Chief executive John O'R...

Leader in the UK's fragmented homewares market, Dunelm said it delivered continued sales growth and market share gains in its third quarter as the retailer also nudged up its full year gross margin guidance. Why then, did shares in the affordable curtain, quilt and kitchenware seller cheapen 5% to £10.20 in early dealings today? Dunelm flagged 'more challenging and volatile market conditions...

Stock prices in London opened in the green on Thursday, with some positive corporate updates helping lift the FTSE 100, a far cry from the sell-off New York tech shares suffered overnight. The tech sector comes into focus again, with streaming service Netflix, traditionally one of the FAANG stocks alongside Facebook owner Meta, Amazon, Apple and Alphabet, reporting quarterly earnings later. Th...

Stock prices in London closed largely up on Wednesday, as the FTSE 100 shrugged off hotter-than-expected UK inflation data. The FTSE 100 index closed up 27.63 points, 0.4%, at 7,847.99. The FTSE 250 ended down just 4.40 points at 19,340.14, and the AIM All-Share closed up 4.84 points, or 0.7% at 743.12. The Cboe UK 100 ended up 0.6% at 785.06, the Cboe UK 250 closed up 0.1% at 16,784.15, and t...

Equity prices in London found some composure heading into Wednesday afternoon, recovering from an uncertain start following an unnerving UK inflation reading. International Distribution Services jumped, after a billionaire shareholder's takeover proposal that was rebuffed by the Royal Mail parent. The FTSE 100 index rose 46.18 points, 0.6%, at 7,866.54. The FTSE 250 climbed 107.23 points, 0.6%...