Market News Feed
AI Daily 5 entries
LONDON MARKET CLOSE: European stocks wilt but S&P 500 hits fresh high
- European stocks struggled on Monday, with the FTSE 100, FTSE 250, and major European indexes closing in the red, despite gains on Wall Street.
- The yield on the US 10-year Treasury remained unchanged, while the 30-year Treasury yield was flat.
- US senators began voting on President Trump's spending bill, which includes extending tax cuts and increasing military spending.
- Analysts anticipate heightened volatility in global markets due to upcoming key US data and the deadline for the fiscal bill.
- Citi predicts a slowdown in nonfarm payroll growth and a rise in the unemployment rate for June.
- The pound and euro weakened against the dollar, while gold prices increased.
- Eurozone CPI figures and UK GDP data were in line with expectations.
- UK mortgage approvals rose higher than expected in May, according to the Bank of England.
- Despite this, housebuilders Persimmon, Barratt Redrow, and Taylor Wimpey saw declines in share prices.
- Endeavour Mining, Imperial Brands, and Airtel Africa were among the top gainers on the FTSE 100.
LONDON MARKET MIDDAY: London mixed as mortgage data beats expectations
- London stocks were mixed, with the FTSE 100 and 250 indices down while the AIM All-Share was up.
- UK GDP grew as expected in the first quarter of 2025, according to the Office for National Statistics.
- The pound was lower against the US dollar at midday, while the euro was slightly higher.
- MediaZest, an audio-visual technology company, saw its shares rise 26% after swinging to a pretax profit in the first half of its fiscal year.
- CRISM Therapeutics sank 38% after announcing a share placing and retail offer to raise funds for its lead product, ChemoSeed.
- Tiger Royalties & Investments, an investor in meme coins and natural resources, saw its shares fade by 19% despite reporting strong performance from its Tiger Alpha Subnet acquisition.
- Stocks in New York were called higher, with the Dow, S&P 500, and Nasdaq all expected to open in positive territory.
- Canada has agreed to rescind taxes on US technology firms in hopes of reaching a trade agreement with Washington.
- Oil prices were down slightly while gold was quoted higher.
LONDON BROKER RATINGS: Babcock International price targets raised
Here is the text formatted as bullet points in HTML:
London-Listed Shares Analyst Recommendations
London-Listed Shares Analyst Recommendations
As of 30th June 2025, 09:38
FTSE 100
- Berenberg cuts Ashtead Group price target to 6,000 pence (previous: 7,000 pence) - 'buy'
- UBS cuts Croda International price target to 4,600 pence (4,800 pence) - 'buy'
- JPMorgan places GSK on 'negative catalyst watch'
- Goldman Sachs raises GSK price target to 1,580 pence (1,560 pence) - 'neutral'
- Barclays raises Mondi price target to 1,160 pence (1,150 pence) - 'equal weight'
- Citigroup raises Babcock International price target to 1,338 pence (730 pence) - 'buy'
- Jefferies raises Babcock International price target to 1,330 pence (950 pence) - 'buy'
- Deutsche Bank Research raises Severn Trent price target to 2,800 pence (2,600 pence) - 'hold'
- UBS raises SSE price target to 2,150 pence (1,970 pence) - 'buy'
- Deutsche Bank Research raises SSE price target to 2,000 pence (1,900 pence) - 'buy'
- Deutsche Bank Research raises United Utilities price target to 1,200 pence (1,150 pence) - 'buy'
- JPMorgan cuts Centrica rating to 'neutral' from 'overweight' - price target 167 pence (previously: 170 pence)
FTSE 250
- Jefferies cuts Hill & Smith price target to 2,300 pence (2,540 pence) - 'buy'
- Deutsche Bank Research raises Pennon Group rating to 'buy' from 'hold' - price target 540 pence (500 pence)
- Goldman raises ITV price target to 79 pence (77 pence) - 'neutral'
SMALL CAP
- Barclays raises Zegona Communications price target to 1,100 pence (800 pence) - 'overweight'
- Jefferies raises Kosmos Energy price target to 270 pence (250 pence) - 'buy'
- Jefferies raises Tullow Oil price target to 12 pence (10 pence) - 'underperform'
LONDON MARKET OPEN: FTSE 100 fades as UK GDP in line with expectations
- London's FTSE 100 opened down on Monday, with a 0.1% decrease, while the FTSE 250 and AIM All-Share also saw losses.
- UK GDP grew as expected in the first quarter of 2025, with a 0.7% increase, according to the Office for National Statistics.
- Tariff cuts for the automotive and aerospace sectors have come into force after a deal between Prime Minister Keir Starmer and the US, removing some import taxes.
- The pound was slightly down against the US dollar early Monday, while the euro stood higher.
- The UK government is set to outline concessions to its welfare reforms ahead of a crucial vote.
- BP on the FTSE fell by 0.6% after announcing a liquefied natural gas purchase and sale agreement with A2A.
- WH Smith, which recently sold its UK High Street business, was the FTSE 250's biggest loser, down 7.8%.
- MS International, a defence equipment manufacturer, reported a record pre-tax profit, but their shares fell 18%.
- Cap-XX, a Sydney-based supercapacitor manufacturer, rose 9.5% after signing a global distribution deal with RS Group.
- Asian markets mostly improved on Monday, while Wall Street ended higher on Friday.
- US senators are debating a spending bill proposed by Donald Trump, which includes tax cuts and border security measures but also massive cuts to social welfare programs.
LONDON MARKET EARLY CALL: London called higher on possible tax hikes
- London's FTSE 100 is predicted to open with a slight gain of 0.1% on Monday, despite warnings of potential UK tax rises in the autumn.
- The index closed up 0.7% on Friday, and futures indicate a modest increase at the opening of the new week.
- Think tanks suggest that concessions made by the UK prime minister may lead to tax rises in the upcoming budget.
- Tariff cuts for the automotive and aerospace sectors have come into force after a deal with the US, providing a boost to these industries.
- Sterling and the euro are both higher against the US dollar in early Monday trading.
- Around 22% of homes listed for sale in the UK have been on the market for over six months, according to Zoopla, as house price growth cools.
- Global stock markets generally ended last week on a positive note, with Wall Street indices up on Friday and Asian markets mostly higher on Monday.
- Insiders at chipmaker Nvidia have sold over USD1 billion worth of stock in the past year, according to the Financial Times.
- Gold prices are quoted higher, while Brent oil is trading slightly lower in early Monday dealings.
- Economic data releases on Monday include UK money supply and mortgage approvals, along with the US Dallas Fed manufacturing index.
All Market News Today 812 headlines
EWI
15:19
Edinburgh Worldwide Investment Trust plc
OOA
13:31
Octopus Aim Vct Plc
CCL
07:35
Carnival PLC
DAL
06:01
Dalata Hotel Group plc
RCOI
06:01
Riverstone Credit Opportunities Income Plc
FGEN
06:01
Foresight Environmental Infrastructure Limited
AI 0 headlines
Acquisitions 5 headlines
Agreement 3 headlines
Approvals 1 headlines
Authorisation 0 headlines
Awards 0 headlines
BTC 1 headlines
Blockchain 0 headlines
Breakthrough 1 headlines
BuyBack 0 headlines
Cancellations 1 headlines
CashOffer 0 headlines
Collaborate 0 headlines
ContractWin 0 headlines
Covid-19 0 headlines
Deals 0 headlines
Diamond 0 headlines
DirectorDealing 37 headlines
Discovery 0 headlines
Exceeded 0 headlines
FCA 0 headlines
FDA 0 headlines
Grants 0 headlines
InvestmentPlan 0 headlines
JV 0 headlines
Launch 5 headlines
Litigation 0 headlines
NewContract 3 headlines
Offers 2 headlines
Offtake 0 headlines
Orders 0 headlines
Partner 0 headlines
Patents 0 headlines
Placing 9 headlines
Positive 0 headlines
Proposals 0 headlines
Reports 38 headlines
OOA
13:31
Octopus Aim Vct Plc
Results 59 headlines
Significant 0 headlines
Speculation 0 headlines
Strategic 0 headlines
Suspension 0 headlines
TR1 35 headlines
Takeover 1 headlines
Understanding 0 headlines
Updates 18 headlines
EWI
15:19
Edinburgh Worldwide Investment Trust plc
RCOI
06:01
Riverstone Credit Opportunities Income Plc