Alongside the rally in mega cap tech names since January, one of 2023's big themes is the popularity of global luxury goods stocks, with LVMH (MC:EPA), Richemont (CFR:SWX) and Hermès (RMS:EPA) hitting new share price highs amid an extraordinary boom in sales, supported by a demand rebound from China. LVMH even became the first European company to surpass $500 billion in market value.But som

Another red-hot UK inflation report put retail shares under pressure on Wednesday, with Next and JD Sports among the worst London-listed blue-chip performers in a drab day for global stock markets.The UK inflation data put the Bank of England under the spotlight and focus will also turn to the UK government, ahead of Thursday's autumn statement.Investors were earlier troubled by the news of a miss

London share prices were mixed to lower at midday on Wednesday, with the FTSE 100 index supported by some positive company earnings but the market overall suffering from a shockingly high inflation reading for the UK.The FTSE 100 index was up just 1.39 points at 7,370.83, propped up by strong earnings from Sage and Experian.The FTSE 250 was down 321.96 points, or 1.7%, at 19,133.92, and the AIM Al

A consortium led by aerospace and defence firm Babcock International (BAB) has been chosen by the Government as the preferred bidder for the £1.25bn contract to build the UK's new fleet of navy war ships.The Type 31 general-purpose frigate programme would provide the UK with a fleet of five ships, at an average production cost of £250m per ship, the company said.The news saw investors rally roun