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The FTSE 100 Rises, UK House Prices Climb

The FTSE 100 started the week very strongly on Monday, July 1, 2024, with the index rising 0.73% to 8,223.65 just after the opening bell. On Friday, London’s blue-chip index declined 0.19%, falling 15.6 points lower to 8164.1

Big Ben seen from Westminster Bridge
Sam Boughedda
UK Economy Surpasses Growth Expectations

In an encouraging development for the UK, recent official figures have revealed that the economy experienced stronger growth than initially estimated in the first quarter of the year.

uk stock market person holding union jack
Asktraders News Team
A Labour Party Win Not Seen as GBP Negative, Says Mizuho

Analysts at Mizuho suggest that a Labour Party victory in the upcoming UK election would not adversely impact the British pound (GBP). The investment firm argued, in a note

Big Ben seen from Westminster Bridge
Sam Boughedda
RSV Vaccine Update Rattles Pharma Stocks – GSK.L, PFE, MRNA

Following recent guidance from U.S. health authorities on the administration of respiratory syncytial virus (RSV) vaccines, shares of pharmaceutical companies took a hit. GlaxoSmithKline PLC (LON:GSK), a major vaccine manufac

GSK Office
Asktraders News Team
Watches of Switzerland Profits Slide, But CEO Sees ‘Unique Growth Opportunities Ahead’

Watches of Switzerland Group (LON: WOSG) saw profits decline in fiscal year 2024 (FY24) due to challenging market conditions. However, the company remains confident in its future, citing strong growth in the US and strategic

Sam Boughedda
Shein Filed For London IPO, But Some Investors Are Cautious

Fast-fashion giant Shein has confidentially filed for a potential IPO on the London Stock Exchange later this year, according to reports. Shein's initial plan was for a New

Bank of England
Sam Boughedda
AstraZeneca Share Price (LON:AZN) Hits New ATH Before Retreating To Red On The Day

AstraZeneca share price (LON:AZN) took out a new all time high in today's trading session, before falling back to test the £125 mark. Giving up the gains to end the day 0.25% may not sound like a landmark day, but for those t

AstraZeneca Office
Asktraders News Team
Witan and Alliance Trust in Landmark £5bn Merger – Both Shares Gain On News

In a historic move for the UK investment sector, the Witan Investment Trust (LON: WTAN) has announced a merger with the Alliance Trust (LON: ATST), with aspirations to reach FTSE 100 status.

Asktraders News Team
EnSilica Shares (LON: ENSI) Turn A Corner

EnSilica shares (LON: ENSI) have been rebuilding after a period of uncertainty, with the last 5 months of gains (from Jan 25th close) amounting to 60%. With the 6 months preceding this run up amounting to 50% in losses, holde

Ensilica logo
Asktraders News Team
NatWest Shares (LON: NWG) Gap Up – JP Morgan Reaffirm As Government Divestment Continues

NatWest shares (LON: NWG) gapped up this morning, opening at 312.8 having closed out yesterday's session at 310.3p. With the stock price up 0.6% through the early part of trading, we take a look at the support in the bank's s

Natwest branch
Asktraders News Team
Phoenix Group to Explore SunLife Sale

Insurance services provider Phoenix Group (LON: PHNX) announced Wednesday that it intends to explore a potential sale of its SunLife Limited business. SunLife is a leading

Sam Boughedda
Doordash, Deliveroo Takeover Talks End on Valuation Disagreement, According to Report

Doordash (NASDAQ: DASH) reportedly showed interest in acquiring Deliveroo (LON: ROO) last month, according to Reuters (citing sources), but discussions ended due to disagreements on valuation.

Deliveroo driver
Sam Boughedda
Funding Circle Shares (LON: FCH) Hit Multi Year High – US Market Exit Deal

Funding Circle shares (LON: FCH) bounced in the early part of trading, at one point hitting a round 100p and setting new multi year highs. Having gained almost 15% early, some of the gains have been given back through the day

Asktraders News Team
Shein Eyes London IPO Amid US Market Hurdles

The Global fashion retailer Shein has taken a significant step towards its financial future by confidentially filing for an Initial Public Offering (IPO) on the London Stock Exchange

Shein UK
Asktraders News Team
Shareholder Lancaster Investment Management Questions Hargreaves Lansdown Takeover Bid

Lancaster Investment Management, a shareholder in Hargreaves Lansdown (LON: HL.), published an open letter expressing concerns about the takeover bid from a private equity consortium led by CVC Capital Partners.

Hargreaves Lansdown review
Sam Boughedda
Land Securities Acquires Additional 17.5% Stake in Bluewater

On Tuesday, Land Securities Group PLC (LON: LAND) announced the completion of a £120 million acquisition of a 17.5% stake in Bluewater, a leading UK retail destination. This increases Landsec's ownership to 66.25%.

Sam Boughedda
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
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