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FTSE 100 rallies but off highs after Bank of England rules out following Fed’s chunky rate cut featured picture

FTSE 100 rallies but off highs after Bank of England rules out following Fed’s chunky rate cut

European equities were on the up, though the FTSE 100 surrendered some of its morning progress after the Bank of England left rates unmoved, despite the US Federal Reserve's bumper 50 basis point cut on Wednesday. The BoE said it will adopt a 'gradual approach' to easing monetary policy. 'Monetary policy will need to continue to remain restrictive for sufficiently long until the risks to inflat...
Why PZ Cussons shares plunged despite strategic progress and positive new year start featured picture

Why PZ Cussons shares plunged despite strategic progress and positive new year start

Consumer goods group PZ Cussons (PZC) insisted the 'favourable trends' seen in last year's second half have continued into its new financial year as the FTSE 250 firm assured investors it is on track with plans to refocus its portfolio following a strategic review. Unfortunately, shares in the Manchester-based maker of Morning Fresh, Carex and Imperial Leather cheapened 7% to 96p as last year's...
City of London delivers another year of outperformance and dividend growth featured picture

City of London delivers another year of outperformance and dividend growth

The popular City of London (CTY) investment trust delivered another year of outperformance and dividend growth, marking 58 consecutive years of increases, the longest record in the AIC's (Association of Investment Companies) list of Dividend Heroes. The shares traded down 1.65p or 0.37% to 439.9p, but are within touching distance of the all-time high of 450p reached just before the pandemic in...
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