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London's FTSE 100 and FTSE 250 indexes climbed, led by precious metal miners. Gold prices hit record highs as investors anticipate potential US interest rate cuts, while UK inflation expectations fell to a three-year low.
National Grid agrees to sell its Electricity System Operator to the UK government for £630 million. The deal, set to complete by October 1, 2024, aims to establish an independent National Energy System Operator.
London's FTSE indices show modest gains, with mining stocks leading. Investors cautiously await U.S. inflation data as UK economy stagnates. Rentokil plans job cuts, while WH Smith reports revenue growth.
British pest control giant Rentokil Initial plans job cuts due to weaker North American market performance. The company's shares dropped 14% following the announcement of cost-cutting measures and lowered growth expectations.
London's FTSE 100 fell 0. 8% due to healthcare and energy sector declines. UK wage growth cooled to a two-year low, potentially influencing future Bank of England rate decisions. Precious metal miners saw significant gains.
London's FTSE 100 bounced back after six days of losses, led by travel and leisure stocks. Investors anticipate crucial labour market data, seeking insights into potential Bank of England policy shifts.
FTSE 100 falls 0. 4%, while FTSE 250 edges up 0.1%. Investors await U.S. employment data for Fed rate cut insights. UK housing prices show fastest annual growth since late 2022, economy needs substantial investment.
British luxury homebuilder Berkeley reports steady performance in the first third of its fiscal year, retaining its £525 million pre-tax profit forecast amid positive market outlook.
FTSE 100 and FTSE 250 remain steady as pharmaceuticals and insurers lead slight gains. Market anticipates key economic data and Nvidia's earnings for insights on Fed rate cuts and AI-driven rally.
London's FTSE 100 edges up 0. 1% while FTSE 250 gains 1% amid cautious trading. Markets anticipate Federal Reserve's July meeting minutes and Chair Powell's upcoming speech at Jackson Hole symposium.
Ascential Plc, owner of Cannes Lions Festival, is in advanced discussions with Informa Plc regarding a £1. 16 billion buyout proposal. The offer follows multiple approaches from Informa in recent months.