Stock prices in London closed lower on Tuesday as hopes continued fading for three US Federal Reserve interest rate cuts this year, and as tensions between Iran and Israel added to investors' fears. The FTSE 100 index closed down 145.17 points, 1.8%, at 7,820.36. The FTSE 250 ended down 354.35 points, 1.8%, at 19,344.54, and the AIM All-Share closed down 12.00 points, down 1.6%, at 738.28. The...

Shares in Dr. Martens fell 31% at one point to 66p in morning trading - a new 52-week low - as the iconic British footwear brand issued a profit warning. The Camden Town-headquartered company said US wholesale revenue 'is anticipated to be double-digit down year-on-year,' adding 'the decline in wholesale has a significant impact on profitability, with a base assumption being in the region of...

Equities in London were firmly in the red Tuesday afternoon, with market confidence knocked by geopolitical tensions and US interest rate concerns, as a hat-trick of cuts by the Federal Reserve this year looks an increasingly distant prospect. The interest rate picture in the UK was muddied by the latest batch of jobless data. The unemployment rate rose, though pay growth remained sticky, givi...

Bargain stores giant B&M European Value Retail said it expects profits for the year ended 30 March 2024 will be at the 'top end' of previous guidance as the cash-generative discounter hailed a year of 'strong operational execution'. Yet shares in the variety goods value retailer softened 2% to 502p as investors focused on pedestrian-looking fourth quarter UK sales growth. This suggests B&M is...

The UK and Canada's largest tenpin bowling group Hollywood Bowl said first half revenue increased 8% to a record £119.2 million as UK revenue tipped over £100 million for the first time. The shares dipped 1.3% to 331p in a tough session with the mid-cap FTSE 250 index in the red to the tune of 1.5% after a sell-off in US equities as investors pared back interest rate cut expectations. Over...