Investors in property portal Rightmove must be getting used to the market taking a glass-half-empty view of the business, with today's trading update a prime example. Despite positive news on users and advertisers, the shares have been knocked to the bottom of the FTSE 100 performance table with a loss of 32p or 5.5%. WHAT DID THE COMPANY SAY? Ahead of its AGM (annual general meeting), Rightm...

Investors are feeling more chipper as the week comes towards its close after latest economic data left US markets largely happy with the macro outlook. Crashing recession avoided, interest rate cuts coming - it might not be quite the Goldilocks outcome hoped for but good enough. Thursday's S&P 500 move higher left the crucial US index to close above the 5,200 level for the first time in a mont...

Stocks in London started strong on Friday following the Bank of England's dovish hold on interest rates on Thursday, as new data showed UK gross domestic product reached a stronger-than-expected level in March. The FTSE 100 index opened up 43.05 points, 0.5%, at 8,424.40. The FTSE 250 was up 68.41 points, 0.3%, at 20,599.71, and the AIM All-Share was up 2.06 points, 0.3%, at 785.76. The Cboe U...

European equities ended higher on Thursday, with the FTSE 100 and DAX 40 achieving record highs, the former boosted by a dovish tilt to the latest Bank of England decision. Across the Atlantic, weaker US labour data hurt the dollar, amid the expectation that a cooler jobs market could presage an eventual rate cut by the BoE's US counterpart. At its May meeting, the BoE's Monetary Policy Commit...

Stock prices in London surged on Thursday afternoon, shaking off a muted morning, as a dovish tilt to the Bank of England's latest rate hold supported equities. Threadneedle Street maintained bank rate at a 16-year high of 5.25% for the sixth meeting in-a-row. However, two members of its Monetary Policy Committee backed a 25 basis point cut. Seven, Governor Andrew Bailey included, supported th...

Global vacation booking platform Airbnb (ABNB:NASDAQ) saw its shares drop 8% in the pre-market despite revealing its most profitable quarter ever with net income more than doubling to $264 million, comfortably ahead of analysts' estimates of $152 million. Good news was tempered by a weak outlook as the San Francisco-based company projected second quarter revenue of between $268 billion and $27...

Watches of Switzerland has splashed out $130 million (£104 million) to buy Italian handcrafted jewellery business Roberto Coin Inc in a deal that skews the FTSE 250 firm's sales mix a bit more towards the lucrative branded jewellery market. Shares in high-end timepiece seller Watches of Switzerland have fallen almost 60% over the past year, much of the damage done by a post-Christmas profit...

Shares in ITV gained nearly 2% in morning trading despite the free-to-air broadcaster reporting a 7% fall in total revenue to £887 million for the three months to 31 March 2024. A 'sore point' for the free-to-air broadcaster came from ITV Studios which reported a 16% fall in total revenue to £382 million in the first quarter, hit by the strike by Hollywood writers and actors and weaker dema...

The UK's largest private equity trust, 3i Group , delivered another outstanding return for investors in the year to the end of March despite adverse foreign exchange movements which trimmed NAV (net asset value) growth. However, with the stock price having risen more than 50% over the past 12 months there was an element of profit-taking and the shares eased 101p or 3.4% to £28.73 in morning t...

Stock prices in London edged down at the open on Thursday, while investors expect the Bank of England to keep its benchmark bank rate unchanged. The FTSE 100 index opened down just 2.68 points at 8,351.37. The FTSE 250 was down 10.32 points, 0.1%, at 20,481.67, while the AIM All-Share was up 1.41 points, 0.2%, at 781.24. The Cboe UK 100 was marginally up at 833.97, the Cboe UK 250 was up 0.1%...

London's FTSE 100 extended its winning streak to four days on Wednesday, while the pound fell below the $1.25 mark before Thursday's Bank of England decision. The FTSE 100 index closed up 40.38 points, 0.5%, at 8,354.05, once again a record close. The FTSE 250 ended up 78.91 points, 0.4%, at 20,491.99, and the AIM All-Share closed up 3.41 points, 0.4%, at 779.83. The Cboe UK 100 rose 0.4% at 8...

Stock prices in London were higher at midday on Wednesday, ahead of the next interest rate decision from the Bank of England on Thursday. The FTSE 100 index was up 41.39 points, 0.5%, at 8,355.06, having reached another record at 8364.04 at around 1100 BST. The FTSE 250 was up 33.45 points, 0.2%, at 20,446.53, and the AIM All-Share was up 1.99 points, 0.3%, at 778.41. The Cboe UK 100 was up 0....