Stocks in London ended in the red on Wednesday, despite the FTSE 100 hitting another record high earlier in the day, while Tesla was the star in New York, where wider markets mixed. The FTSE 100 index gave back 4.43 points, 0.1%, at 8,040.38. The blue-chip index traded as high as 8,092.19 earlier Wednesday, its best-ever level. Selling pressure in the afternoon prevented it from achieving anot...

The UK's largest mortgage lender, Lloyds Banking Group , delivered a weak first-quarter trading update with most of the key metrics seemingly heading in the wrong direction. The lack of mention of share buybacks or guidance on the dividend also disappointed investors, however confirmation of the bank's full-year targets saw the shares reverse their early losses and add 2% to 52.4p. REVENUE DOW...

AI (artificial intelligence) has dominated the chip conversation in recent months but from the sounds made by Texas Instruments (TXN:NASDAQ), the industry could be primed for a far more broadly-based demand bounce as the months roll forward. The Dallas-based business is the world's biggest manufacturer of analog semiconductors and embedded processors, doing simple but vital tasks such as conve...

Stock prices in London were up heading into the afternoon on Wednesday, with Reckitt jumping on a strong start to 2024, while Lloyds rose despite a fall in profit. The FTSE 100 index was up 38.40 points, 0.5%, at 8,083.21. The FTSE 250 was down 3.41 points at 19,796.31, and the AIM All-Share was up 0.1 of a point at 754.97. The Cboe UK 100 was up 0.5% at 807.00, the Cboe UK 250 was down 0.2% a...

Consumer goods powerhouse Reckitt Benckiser topped the FTSE gaining almost 5% to £14.44 after revealing better than expected first quarter like-for-like sales and confirming full year profit targets. The shares are down 18% year to date compared with a 5% gain in the FTSE 100 index reflecting a string of disappointing trading updates and litigation concerns around the safety of Reckitt's Enf...

Investors in London continued to show confidence heading into the afternoon on Wednesday, looking ahead to key US data on Thursday and Friday. The FTSE 100 index opened up 27.80 points, 0.4%, at 8,072.61. The FTSE 250 was down 2.65 points at 19,797.07, and the AIM All-Share was up 1.63 points, 0.2%, at 756.50. The Cboe UK 100 was up 0.3% at 806.01, the Cboe UK 250 was down 0.1% at 17147.76, an...

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...

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