Edition:
United Kingdom

Shashwat Awasthi

Upbeat earnings, weaker pound lift FTSE 100 to more than two-week high

5:16pm BST

Britain's FTSE 100 hit its highest level in more than two weeks on Tuesday, helped by broad gains on a combination of generally positive corporate results from Wall Street and Europe and bets that major central banks would cut interest rates soon.

Fed signals help FTSE 100 brush off Italy woes, buyout spurs Acacia

19 Jul 2019

London's FTSE 100 ended higher on Friday as bolstered hopes of a U.S. interest rate cut stoked risk appetite, though the index's advances were reined in after political turmoil in Italy triggered a broad sell-off in bank stocks.

Global trade worries weigh down FTSE 100; pub chain Ei surges on deal

18 Jul 2019

Britain's FTSE 100 followed other major stock markets lower on Thursday as initial batches of corporate earnings jangled nerves over global growth, while losses for London's mid-cap index were capped by a buyout of pub operator Ei Group.

Oil majors, poor earnings hammer FTSE 100

17 Jul 2019

The FTSE 100 index tumbled on Wednesday amid sharp falls in oil majors as investors priced in an overnight slide in crude to one-week lows, while downbeat trading updates knocked chemicals group Johnson Matthey and miner Fresnillo.

Burberry leads FTSE 100 higher, mid-caps glide over sterling slip

16 Jul 2019

London's main index rose on Tuesday as Burberry scaled an 11-month high after its first-quarter update showed new designs boosted sales, and a weaker sterling aided exporter stocks, while mid-caps rose in a rare break from the domestic currency.

UK's main index sees seventh straight day of losses, BoE comments lift midcaps

12 Jul 2019

London's FTSE 100 saw its seventh day in the red on Friday, its longest losing streak since 2015, led lower by losses in pharmaceuticals after the U.S. White House scrapped a rebate rule, while the midcap bourse jumped on prospects of lower interest rates.

FTSE 100 drops as healthcare giants overshadow Fed-driven rally

11 Jul 2019

London's main index skidded for the sixth straight session on Thursday as investors sold off healthcare stocks after Washington withdrew a rebate rule aimed at lowering drug prices, and a Fed-fuelled rally fizzled out.

Homebuilder Barratt to beat profit view as cost control efforts pay off

10 Jul 2019

Barratt Developments' efforts to cut costs by making changes to the design of the houses it builds will help the company to report annual profit that beats market expectations, the company said on Wednesday.

FTSE 250 stumbles as Brexit worries bite; Ocado shines

09 Jul 2019

Britain's mid-cap index fell for the third straight session on Tuesday amid a deteriorating economic outlook and Brexit tensions, while online grocer Ocado jumped on the FTSE 100 after confirmed its annual forecast.

UK stocks weaken as Fed rate cut hopes fade; tobacco stocks rise

08 Jul 2019

London's FTSE 100 ended in the red on Monday as markets remained subdued on dampened hopes of a hefty rate cut by the U.S. central bank, while tobacco stocks jumped on Imperial Brands' buyback and dividend revision plans.

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