Market News Feed
AI Daily 5 entries
LONDON MARKET CLOSE: Car makers hit reverse as tariff chat hits stocks
LONDON MARKET MIDDAY: Weak trade after Donald Trump tariff talk
- European stocks fell on Tuesday as investors were unnerved by potential US tariffs on Mexico, Canada, and China.
- The FTSE 100, FTSE 250, and AIM All-Share all posted losses, while the Cboe UK indices also declined.
- The CAC 40 and DAX 40 followed suit, dropping 0.4% and 0.5%, respectively.
- Stocks had initially advanced on Monday after Donald Trump named Scott Bessent as the next US Treasury Secretary, but Trump's subsequent promise of tariffs on goods from Mexico, Canada, and China took the market by surprise.
- Some early advancers on the FTSE 100 included Melrose, which rose 5.8% after a positive review from JPMorgan, while stocks in the mining and insurance sectors fell.
- Compass Group reversed early losses to trade 3.1% higher, while Halfords rose 12% despite a decline in pretax profit.
- Severfield slumped 36% as it expects annual profits to be below previous expectations due to delayed or canceled projects and tighter prices impacting profitability.
- Brent oil and gold prices were down from their previous day's close.
LONDON BROKER RATINGS: Berenberg cuts Dowlais; Deutsche Bank ups Evoke
- RBC raises Severn Trent price target to 2,650 pence, sector perform rating
- RBC lowers SSE price target to 2,075 pence, but maintains outperform rating
- JPMorgan increases Intertek's price target to 5,400 pence with a neutral rating
- Deutsche Bank raises Anglo American's price target to 2,900 pence, rating it a buy
- Goldman Sachs raises Compass Group's price target to 2,350 pence, maintaining a neutral rating
- Jefferies lowers Whitbread's price target to 3,600 pence, but keeps a buy rating
- Jefferies cuts Kingfisher's price target to 270 pence, with a hold rating
- JPMorgan lowers Kingfisher's price target to 235 pence, rating it underweight
- Goldman Sachs cuts Kingfisher's price target to 290 pence, maintaining a neutral rating
- Barclays reduces Kingfisher's price target to 285 pence, with an equal weight rating
- RBC upgrades Next to outperform from sector perform, with a price target of 10,800 pence
- Jefferies lowers Beazley's price target to 1,000 pence, but maintains a buy rating
- JPMorgan raises Melrose's price target to 850 pence, overweight rating, and places it on positive catalyst watch
- Berenberg initiates coverage on Dowlais with a hold rating and a price target of 62 pence
- Berenberg lowers Sirius Real Estate's price target to 110 pence, but keeps a buy rating
- Bernstein cuts ITV's price target to 105 pence, but maintains an outperform rating
- Deutsche Bank upgrades Evoke to buy from hold, with a price target of 74 pence
- Barclays lowers BHP Group's price target to 2,430 pence, with an equal weight rating
LONDON MARKET OPEN: Stocks down as investors fret about Trump tariffs
- London stock prices opened lower on Tuesday due to tariff warnings from Donald Trump, impacting trade relations.
- The FTSE 100, FTSE 250, and AIM All-Share all experienced losses, while European and Asian markets also saw declines.
- Trump's plans for tariffs on goods from Mexico, Canada, and China sparked concerns, with China warning against a trade war.
- SPI Asset Management analyst Stephen Innes highlighted the shift back to hardline policies and the potential impact on bond markets.
- The pound, euro, and yen weakened against the dollar, while Brent oil prices and gold slid.
- Melrose and Halfords saw gains in London, while Compass fell on tepid expectations for its new financial year.
- Marks Electrical rose after Sports Direct owner Frasers acquired a 6.4% stake in the company.
- Tuesday's economic highlights include consumer confidence and new homes sales data from the US.
LONDON MARKET EARLY CALL: FTSE 100 called down; Trump's tariff threat
- London's FTSE 100 is expected to open lower on Tuesday due to tariff threats by US President-elect Donald Trump, with futures indicating a 0.4% decrease.
- On Monday, the FTSE 100 closed 0.4% higher, while US markets also saw gains, with the Dow Jones Industrial Average up 1.0% and the S&P 500 and Nasdaq Composite each adding 0.3%.
- Asian markets were mixed on Tuesday, with the Shanghai Composite down 0.1%, the Nikkei 225 falling 1.1%, and the Hang Seng and S&P/ASX 200 posting fractional gains.
- Trump has threatened to impose tariffs on goods from Mexico, Canada, and China, prompting a warning from Beijing about the negative consequences of a trade war.
- The pound and euro weakened against the US dollar early Tuesday, while the dollar fell against the yen.
- Commodity prices were down, with Brent oil and gold both lower than their Monday closing prices.
- Israel and Hezbollah are reportedly close to a cease-fire agreement, according to Bloomberg.
- Tuesday's economic calendar includes consumer confidence data and new homes sales figures in the US.
- Compass Group is scheduled to release full-year results on Tuesday.
All Market News Today 479 headlines
IDS
14:36
International Distributions Services PLC
PSH
14:32
Pershing Square Holdings Ltd
IDS
14:26
International Distributions Services PLC
AATG
14:06
Albion Technology & General VCT PLC
IDS
13:28
International Distributions Services PLC
SPT
13:24
Spirent Communications plc
IDS
13:19
International Distributions Services PLC
IDS
12:05
International Distributions Services PLC
FERG
10:46
Ferguson Plc
SREI
06:01
Schroder Real Estate Investment Trust Ltd
FGEN
06:01
Foresight Environmental Infrastructure Limited
HFD
06:01
Halfords Group PLC
AI 0 headlines
Acquisitions 2 headlines
Agreement 2 headlines
Approvals 0 headlines
Authorisation 0 headlines
Awards 1 headlines
BTC 0 headlines
Blockchain 0 headlines
Breakthrough 0 headlines
BuyBack 0 headlines
Cancellations 2 headlines
CashOffer 0 headlines
Collaborate 0 headlines
ContractWin 0 headlines
Covid-19 0 headlines
Deals 0 headlines
Diamond 0 headlines
DirectorDealing 19 headlines
Discovery 1 headlines
Exceeded 0 headlines
FCA 0 headlines
FDA 0 headlines
Grants 0 headlines
InvestmentPlan 0 headlines
JV 0 headlines
Launch 2 headlines
Litigation 0 headlines
NewContract 3 headlines
Offers 5 headlines
Offtake 0 headlines
Orders 0 headlines
Partner 0 headlines
Patents 0 headlines
Placing 7 headlines
Positive 0 headlines
Proposals 0 headlines
Reports 15 headlines
Results 32 headlines
FERG
10:46
Ferguson Plc
SREI
06:01
Schroder Real Estate Investment Trust Ltd
HFD
06:01
Halfords Group PLC