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BoE Holds Rates As 2 MPC Members Vote For Cuts

The FTSE 100 soared to an unprecedented high today, adding 0.32% so far, buoyed by the Bank of England's (BoE) latest monetary policy stance. In an expected move, the central bank maintained its benchmark interest rate, but f

Bank of England
Asktraders News Team
3i Shares (III.L) Decline Despite Strong Earnings – Profit Taking Or Case Of High Expectations?

Shares of British private equity giant 3i Group PLC (LON:III) have fallen by 3.3% today, signalling a potential move by investors to crystallize gains following a period of healthy growth - shares are up 22.65% YTD. The drop

Asktraders News Team
Lloyds Shares Hit 52 Week High, What Is The Next Milestone?

Lloyds Banking Group Plc shares (LON: LLOY) have had an impressive beginning to the year 2024, with the price witnessing a substantial uptick. Currently, the stock sits at 54.02p, marking a notable gain of 10.9% from its open

Asktraders News Team
BAE System Share Price: Catalysts Needed?

BAE Systems (LON: BA.) revealed in an AGM statement on Thursday that trading so far this year has been in line with expectations, but is that enough for the stock's rally to continue?

BAE systems plane
Sam Boughedda
Watches of Switzerland Acquires Roberto Coin in $130m Deal

Watches of Switzerland (LON: WOSG) has made a significant stride in its luxury branded jewellery strategy with the acquisition of Roberto Coin Inc. for a total consideration of $130 million. 

Sam Boughedda
NatWest Shares (LON: NWG) Up 42.10% In 2024 – Analysts Continue Support

As Natwest shares come fresh off 52 week highs, a new $1billion bond issuance is set to raise funds for the bank's operations. Closer scrutiny of the firm is warranted after 42.1% gains through 2024 put the stock up at 10 yea

Natwest branch
Asktraders News Team
Shell Singapore Refinery Being Sold To JV Partners

In what has been a busy couple of days in the rebalancing of Asia-Pacific operations of energy powerhouse Shell, an agreement to sell its Bukom refinery based i

Shell Plc
Asktraders News Team
British Biotech OCTP Shares (Oxford Cannabinoid) Delisting from LSE

Oxford Cannabinoid Technologies Holdings (OCTP) has announced plans to delist from the London Stock Exchange (LSE). The pharmaceutical firm, specializing in cannabinoid-based therapies, cited a sense of being undervalued on t

reasons for delisting a stock
Asktraders News Team
UK Fuel Costs Rise as Retail Margins Hit Highs

UK motorists are facing an increase in fuel costs, with prices for petrol and diesel having risen by 10p per litre in the current year. This trend has added approximately £5.50 to the cost of filling up a typical family vehic

Asktraders News Team
A Glencore Bid For Anglo American Wouldn’t Surprise BofA

A report from Reuters last week stated that commodities firm Glencore (LON: GLEN) is assessing a potential approach for Anglo American (LON: AAL), a move that would not surprise analysts at Bank of America. 

glencore plc glen mining
Sam Boughedda
JD Wetherspoon Shares Rise as Sales Continue Recovery

Investors reacted positively to J D Wetherspoon's (LON: JDW) trading update for the 13-week period ending April 28 on Wednesday. The update indicated a steady recovery in sales following pandemic-induced challenges, helping p

JD Wetherspoons pub location
Sam Boughedda
Boohoo: Revenue Drops 17% Amid ‘Challenging Market Backdrop’

Online fashion retailer Boohoo (LON: BOO) reported its full-year results for the 12 months ended February 29 on Wednesday, marked by a significant 17% decline in revenue compared to the previous year, reflecting the hurdles p

Boohoo
Sam Boughedda
FTSE 100 Closes At Record High – Recap Of Tuesdays’ Big Movers

London's premiere stock index, the FTSE 100, hit 52 week highs before setting the stage for a record close at 8313, marking a significant 100-point rise (1.22%) in Tuesday's session. Let's take a quick skim through yesterdays

Asktraders News Team
BAE Systems (LON: BA) and Eaton Boost EV Offerings for Trucks

BAE Systems and power management company Eaton have announced an expansion of their strategic partnership, under which they will develop enhanced electric vehicle (EV) systems for heavy-duty trucks. This move will intensify t

BAE Systems Shares
Asktraders News Team
Shell Eyes $1 Billion Sale Of Malaysia Stations To Saudi Aramco

Royal Dutch Shell (LON: SHEL), the global oil giant, is currently in discussions with Saudi oil major Aramco to sell its gas station operations in Malaysia. Whil

Shell
Asktraders News Team
BP Profits Shrink Amid Refinery Woes – Markets Unmoved

Energy giant BP reported a steep 40% drop in first-quarter earnings, which came in at $2.7 billion. This underperforming figure fell short of analyst expectations and marked a significant downturn from the company's financial

BP
Asktraders News Team
The FTSE 100 Jumps – Here’s What to Watch This Week

The FTSE 100 has started today's session and this shortened trading week on the front foot, climbing 1% to 8,293.35 in early Tuesday trading on May 7, 2024, following Friday’s 0.51% rise, which saw London’s blue-chip index cl

Stock Exchange
Sam Boughedda
IAG Q1 Earnings – What to Expect

International Consolidated Airlines Group (LON: IAG) is set to report its first-quarter earnings this week on Friday, May 10. The release will be closely watched and, if positively received, may provide IAG shares with the pl

British Airways IAG
Sam Boughedda
UK Markets – Looking Ahead To The Four-Day Week

With the Early May public holiday giving us a little extra time away from the office to enjoy spring, markets gear up for a condensed four-day week with a flurry of updates from UK listed names. Despite the shorter trading pe

eg group shares
Asktraders News Team
Haleon: Analyst Bullish as Underlying Performance ‘Looks Strong’

According to Barclays analysts, Haleon's (LON: HLN) underlying performance looks strong. The bank reacted to the Advil and Sensodyne maker's first-quarter trading statement, released Wednesday. 

Haleon stock
Sam Boughedda
Trainline Ticket Sales Jump as New Carrier Competition ‘Revolutionising Rail in Europe’ 

Rail ticket platform Trainline (LON: TRN) reported its results for the 12 months ended February 29, on Friday, showcasing a significant surge in ticket sales, driven by new entrant carrier competition and robust growth in the

Trainline logo office
Sam Boughedda
St James’s Place Shares Are Down 37% This Year – Here’s Why

St James's Place (LON: STJ), the wealth management firm, has seen its share price tumble 37.36% so far in 2024. As of May 2, shares are trading at just 432.4p, a notable drop from the year's highs. But what's behind this decl

Sam Boughedda
Revolution Bars Confirms Talks With Rival Nightcap

Revolution Bars Group (LON: RBG) officially responded to recent speculation regarding talks with Nightcap plc on Thursday, confirming an "exploratory meeting" between the two parties.

Sam Boughedda
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