^FTSE - FTSE 100
| Previous close | 7,490.27 |
| Open | 7,490.27 |
| Volume |
| Day's range | 7,490.02 - 7,614.89 |
| 52-week range | 6,707.60 - 8,047.10 |
| Avg. volume | 884,373,015 |
The GuardianBritish energy developers to be told: speed up projects or leave queue for grid
Move expected to help reduce waits of up to 15 years to connect solar power installations
Yahoo Finance UKTrending tickers: Dechra | Wizz Air | Aviva | Lululemon
The latest investor updates on stocks that are trending on Friday.
- Investing.com
FTSE 100 Live: Sentiment boosted by U.S. debt ceiling progress
The U.S. Senate late Thursday passed legislation lifting the Federal government's $31.4 trillion debt ceiling, a day after the House of Representatives did the same.
- Investing.com
European stocks rise; French industrial production beat helps sentiment
European stock markets traded higher Friday after the U.S. debt ceiling bill passed through Congress, while the latest French industrial production data impressed. The U.S. Senate late on Thursday passed legislation that suspended the government's $31.4 trillion debt ceiling for two years, a day after the House of Representatives approved the bill. It now heads to the White House to be signed into law by President Joe Biden, just days before a June 5 deadline for a default which would have had severe economic consequences globally, thus ending a key source of anxiety for financial markets over the past month.
The TelegraphSouth West Water pays £112m to shareholders amid sewage leak backlash
One of Britain’s biggest water companies has paid investors a £112m dividend in what has been branded a “slap in the face” for communities hit by sewage dumping.
ReutersOnce-high-flying retailer ASOS falls after FTSE 250 relegation
ASOS, the British online fashion pioneer valued at more than 7 billion pounds ($8.8 billion) just over two years ago, has been relegated from the FTSE 250 index of mid-sized companies, illustrating the sharp decline in its fortunes. It shares fell 3% to a 12-year low of 333 pence in early deals on Thursday, giving it a market value of about 400 million pounds, following the quarterly reshuffle by FTSE Russell. It will move to the FTSE SmallCap index on June 16.
Yahoo Finance UKWall Street bounces back amid debt deal as FTSE closes higher
British Land booted off FTSE 100 while Ocado dodges demotion.
ReutersLondon stocks start month strong as miners, energy firms rise
British equities gained in a broader market rally on Thursday with higher metal prices supporting miners, while progress on the bill to lift the U.S. debt ceiling further spurred risk appetite. The internationally-focused FTSE 100 gained 0.6% as the U.S. debt ceiling bill successfully passed through the House of Representatives and was headed for a vote in the Senate. "The fact that it looks like the world can put the U.S. debt ceiling silliness behind is certainly a modest positive," said Steve Sosnick, chief strategist at Interactive Brokers.
- Investing.com
European stocks climb; German retail sales rise less than expected
European stock markets traded higher Thursday, helped by progress in the U.S. debt ceiling bill as well as signs of life in the Chinese manufacturing sector. This private survey contrasted with the weak official government data released earlier this week, and offered hope of a recovery in this major regional growth engine, which also acts as a major export market for many of Europe’s largest companies.
- Financial Times
Wall Street stocks fall as debt ceiling bill faces first test in Congress
US stocks fell on Wednesday as the country’s debt ceiling bill was due to face its first test in Congress, and investors adjusted bets on the Federal Reserve again raising interest rates in light of strong labour market data and comments from policymakers. Wall Street’s benchmark S&P 500 and the tech-heavy Nasdaq Composite each closed 0.6 per cent lower. The moves came after official data once again highlighted the resilience of the US labour market, with the number of job vacancies unexpectedly rising in April.
The GuardianBritish Land to drop out of FTSE 100 in reshuffle but Ocado survives
Developer hit by higher interest rates and 2022’s mini-budget but online retailer buoyed by stronger sales at M&S
The TelegraphBritain braces for recession as higher rates squeeze mortgage holders
High mortgage rates will tip Britain into recession this year as homeowners coming to the end of fixed rate deals are hit by soaring costs, a leading ratings agency has warned.
The TelegraphPrudential finance chief resigns following investigation into conduct
Prudential’s finance chief has quit the FTSE 100 insurer following an investigation into his conduct surrounding a “recruitment situation”.
Yahoo Finance UKTrending tickers: Entain l Salesforce l B&M | C3.ai
A look at the stocks making headlines on Wednesday.
The GuardianLadbrokes owner Entain expects ‘substantial financial penalty’ after UK investigation
Authorities looked into possible tax and bribery offences by one of gambling group’s former Turkish subsidiaries
- Financial Times
CBI to recruit new president as part of governance overhaul
Consultants say blanket portrayals of ‘toxic’ culture at scandal-hit UK business lobby group ‘not accurate’
Yahoo Finance UKFTSE 100: Ocado at risk, IMI in – how London Stock Exchange is set to reshuffle the index
The latest reshuffle of the premier index will be announced after the close of play this Wednesday.
- Financial Times
Prudential’s chief financial officer resigns after conduct probe
Prudential’s chief financial officer James Turner has resigned in the wake of an investigation into his conduct “relating to a recent recruitment situation”, the FTSE 100 insurer said on Wednesday. Hong Kong-based Turner, who has held the role for just over a year, will be replaced by Ben Bulmer, chief financial officer of Prudential’s insurance and asset management business, but will remain “available” to the company for four months. Prudential “sets itself high standards and Mr Turner fell short on this occasion”, the company said, without giving details of the recruitment situation.
ReutersEuropean shares hit two-month lows as China factory activity falters
(Reuters) -European shares hit an over two-month low on Wednesday as weak economic data from China fuelled concerns about a global slowdown and countered optimism from signs of easing inflation in some of the major euro zone economies. The main regional stock markets were set for monthly losses, with London's FTSE 100 and Paris' CAC 40 among the worst hit. China is Germany's main trading partner.
Yahoo Finance UKHave Zoom calls affected our ability to communicate in-person?
Spending more time together virtually may have had a lasting impact on how we communicate face-to-face and how we connect with people we work with.
The TelegraphConsider a move for this house builder while prices are nailed down
The house builder and land development specialist MJ Gleeson comes with a lot of the features that this column looks for when it is researching portfolio picks: an addressable market where there is a long-term need and the company has a strong competitive position; a very strong balance sheet; and a share price chart that goes from the top left to bottom right, which in turn suggests the shares could be cheap.
- Investing.com
European stocks lower; Chinese manufacturing data, European inflation in focus
European stock markets traded sharply lower Wednesday after disappointing Chinese manufacturing data weighed on sentiment, with key regional inflation data also in focus. Data released earlier Wednesday showed that the Chinese manufacturing sector shrank in May, retreating for the second straight month. China’s official manufacturing purchasing managers’ index was 48.8 in May, below the expected 51.4 and the prior month’s reading of 49.2.
The TelegraphBAE in talks with Zelensky to make weapons in Ukraine
The boss of BAE Systems has discussed setting up weapons production inside Ukraine in talks with Volodymyr Zelensky.
Yahoo Finance UKTrending tickers: Hollywood Bowl l Hunting l Ocado | Unilever
A look at the stocks making headlines on Tuesday.
Yahoo Finance UKUK savers missing out on hundreds of pounds amid 'measly' bank rates
Banks criticised for offering 'meagre' returns on customers' savings despite soaring interest rates.