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Will Labour Party’s Banking Policies Help?

The relationship between the Labour Party and the United Kingdom's banking sector is undergoing a notable shift. Led by Keir Starmer, the Labour Party has extended an olive branch to banks, indicating a desire for stability a

Bank of England
Asktraders News Team
Why Are Prudential Shares (LON: PRU) A Big UK Gainer?

Prudential shares (LON: PRU) were one of the big gainers on the London stock exchange today, as the price closed up more than 7% on news of a hefty stock buyback.

Prudential Office
Asktraders News Team
Experian and Virgin Money Forge New Partnership

In a significant move in the financial industry, Experian (LON: EXPN) and Virgin Money (LON: VMUK) have announced a strategic partnership aimed at enhancing Virgin Money's digital customer experience. This collaboration repre

Experian Office1
Asktraders News Team
GSK Firmly Supports London as Core Market Hub

In a resounding show of commitment to the London market, GSK PLC (LON: GSK) has made it clear that the company is staunchly behind keeping its primary stock listing in

GSK Office
Asktraders News Team
FTSE 100 Rises as European Indices Climb

The FTSE 100 started the week cautiously. On Monday, June 24, 2024, the index initially fell around 0.1% to 8,229.75. On Friday, London’s blue-chip index declined by 0.42%, falling over 34 points lower at 8237.72. Elsewhere,

Bank of England
Sam Boughedda
THG and Frasers Group Team Up: Myprotein Range to Land in Sports Direct Stores

THG PLC (LON: THG) announced a major partnership with Frasers Group (LON: FRAS) on Monday, which encompasses several areas to strengthen both companies' offerings. The agre

Sam Boughedda
RELX Share Price (LON: REL) Setting All Time Highs As AI Adds To Sentiment

The RELX share price (LSE:REL) has continued to take out new highs in recent days, with the latest mark of 3,622 representing both 52 we

Relx Group sign
Asktraders News Team
FTSE 100 Index Dips As Retail Rebounds and Rate Speculation Continues

The FTSE 100 index is down almost 1% through the early part of trading today, as the FTSE 250 index experiences a more modest decline of 0.65%. The UK market behaviour comes on the heels of an unexpectedly strong rebound in r

Asktraders News Team
Britvic Rejects Second Carlsberg Acquisition Proposal

Beverage company Britvic PLC (LON: BVIC) confirmed Friday that it has received a second takeover proposal from Carlsberg Group on June 11, 2024. This cash offer valued Brit

Britvic brands
Sam Boughedda
Vodafone Shares Climb 5% This Week – Here’s Why

Bucking a recent downward trend, Vodafone (LON: VOD) shares gained around 5% this week. This positive movement comes with help from Deutsche Bank resuming coverage of the telecom giant with a Buy rating.

Vodafone HQ logo
Sam Boughedda
Bank of England Decision Looming Keeps UK Markets In Hold Pattern

UK markets are bracing themselves for the upcoming Bank of England interest rate decision, while corporate news, such as NatWest's acqu

Bank of England
Asktraders News Team
Ryanair: Analysts Cautious Following ‘Disappointing’ Commentary

Ryanair (LON: RYAAY), the European budget airline known for its aggressive pricing strategy, is facing scrutiny from analysts, with one citing "disappointing" commentary from select low-cost airlines and package holiday opera

Ryanair plane
Sam Boughedda
Sainsbury Agrees to Sell Core Banking Business to NatWest

Sainsbury's (LON: SBRY) announced Thursday that it has entered into an agreement to sell its core banking business to NatWest Group. The deal includes Sainsbury's Bank's personal loan, credit card, and retail deposit portfoli

Sam Boughedda
Just Eat Shares (LON: JET) Rising On News Of Amazon Partnership

Just Eat Takeaway shares (LON: JET) are trading up 3.22% so far today, as news of a new partnership hits. JET stock has otherwise had a more difficult start to 2024 than some it's peers, with losses of 12% leaving holders loo

Shares of Just Eat Takeaway.com NV (AMS: TKWY) today surged 3.3%
Asktraders News Team
Barclays Shares (BARC) Up 1/3rd In 2024 – Is The Stock Still Value?

Barclays shares (LSE: BARC) have been one of the success stories of 2024 so far on the UK markets. With the bank flagged as a potentially under-the-radar

Asktraders News Team
UK Inflation Hits BoE’s 2% Target – FTSE 100 Index Takes Slight Dip

In a significant development for the UK economy, inflation has decelerated to the Bank of England’s target of 2% for the first time after almost three years. According to the latest figures, the Consumer Prices Index (CPI) sa

Bank of England
Asktraders News Team
Tesco Shares: Citi Remain Buyers

Following Tesco's (LON: TSCO) first-quarter trading statement last week, analysts at Citi said they remain buyers of the supermarket giant's shares, stating the quarter was encouraging.

teso shopping trolley in aisle
Sam Boughedda
Europe’s Biggest Stock Exchange By Market Cap, Changes At The Top

London, has once again secured its position as the largest stock exchange in Europe, overtaking Paris, France. This development marks a significant shift in the European financial landscape, occurring less than two years afte

Asktraders News Team
Unilever Share BuyBack Plan Continues

Unilever PLC, the British-Dutch multinational consumer goods company, has recently engaged in a significant repurchasing of its own shares. Listed on the London Stock Exchange under the ticker

Unilever Nigeria Plc
Asktraders News Team
Rolls-Royce (LON: RR) Shares Break 200% Gains Over 12 Months

Rolls-Royce share price (LON: RR) continues to display a bullish trend, adding 1.3% to bring the 12 month gain to 204%. Despite pausing for breath in the pa

Rolls Royce logo
Asktraders News Team
FTSE 100 Edges Higher – Ashtead (AHT) and Whitbread (WTB) Big Movers

The FTSE 100 has kicked off today on a bright note, adding 23 points to reach 8165, as the index tries to find some support after a relatively disappointing month. The

Bank of England
Asktraders News Team
Burberry Share Price Target Cut as Growth Strategy Remains a Work in Progress

Goldman Sachs analysts cut their price target for Burberry (LON: BRBY) in a note to clients on Monday, citing concerns that the brand's strategy to boost leather goods sales remains a "work in progress."

Burberry store
Sam Boughedda
Whitbread Sales Edge Higher in Q1 Despite Softer Weekend Demand

Whitbread (LON: WTB), the owner of Premier Inn, revealed in its latest trading update that group sales rose by 1% to £739 million in the first quarter of FY25. The slight i

Premier Inn Hotel Whitbread
Sam Boughedda