Market News Feed
AI Daily 5 entries
LONDON MARKET CLOSE: FTSE 100 fades after bright open as growth stalls
- UK blue chips ended the week on a subdued note, with the FTSE 100 closing 0.2% lower, giving up early gains.
- The FTSE 250 and AIM All-Share also ended marginally lower, while the Cboe UK indices were mixed.
- Tepid UK economic growth data and a drop in US consumer sentiment weighed on investor sentiment.
- The UK economy showed no growth in July, raising concerns about a "summer slowdown" and the risk of falling short of the Bank of England's forecast.
- In company news, JTC jumped 16% on potential bidding interest from Warburg Pincus and Permira Advisers.
- Ocado Group tumbled 20% after its US partner Kroger said it would review its use of Ocado's automated warehouse technology.
- Big Technologies slid 11% after new revelations against its former CEO, including possible document forgery.
- The pound eased against the US dollar, while the euro also softened; the yield on the US 10-year Treasury widened.
- Oil prices rose, with a barrel of Brent crude trading above USD 67, and gold firmed to USD 3,644.61 an ounce.
- The week ahead features economic data from China and interest rate decisions in the US, UK, Japan, and Canada.
LONDON MARKET MIDDAY: FTSE 100 climbs, outperforming European peers
- London's FTSE 100 and FTSE 250 were up 0.3% and 0.1%, respectively, while the AIM All-Share index also gained 0.3% around midday on Friday.
- The performance was ahead of European peers, with the CAC 40 and DAX 40 down 0.5% and 0.3%, respectively, as EU countries agreed to extend sanctions on Russia.
- The UK's GDP data for July showed no growth, but this was expected and had little impact on the market, according to AJ Bell analyst Russ Mould.
- Deutsche Bank's Sanjay Raja noted a "summer slowdown" and forecast UK economic growth of 1.2% this year and 1.3% in 2026, with risks to the downside.
- Oil prices were higher, with Brent crude quoted at USD66.84 per barrel, and the pound was down at USD1.3552 against the dollar.
- Stocks in New York were expected to open lower, while gold prices rose to USD3,650.14 per ounce.
- OpenAI and Nvidia are reportedly planning to announce billions of dollars of investment into UK data centres during US President Donald Trump's state visit next week.
- The yield on the US 10-year Treasury stood at 4.04%, while the 30-year yield narrowed to 4.65%.
LONDON BROKER RATINGS: Berenberg cuts WH Smith but lifts SSP
- 12th Sep 2025 09:24
- The following London-listed shares received analyst recommendations Friday morning and on Thursday:
- FTSE 100
- UBS cuts SSE price target to 2,100 (2,175) pence - 'buy'
- Berenberg raises Centrica price target to 190 (155) pence - 'buy'
- Barclays raises IAG price target to 380 (370) pence - 'equal weight'
- Goldman Sachs raises Ashtead price target to 6,190 (5,740) pence - 'neutral'
- FTSE 250
- Jefferies cuts Vistry price target to 628 (634) pence - 'hold'
- Berenberg cuts WH Smith to 'hold' (buy) - price target 700 (1,600) pence
- Berenberg raises SSP Group to 'buy' (hold) - price target 190 (180) pence
- JPMorgan raises Trainline price target to 325 (320) pence - 'neutral'
- Barclays raises Trainline price target to 290 (270) pence - 'equal weight'
- SMALL CAP, AIM AND OTHER MAIN MARKET
- JPMorgan raises FeverTree price target to 850 (770) pence - 'neutral'
- Barclays cuts THG price target to 30 (33) pence - 'equal weight'
- Berenberg raises Pan African price target to 83 (71) pence - 'buy'
- Berenberg raises Wheaton target to 8,300 (7,800) pence - 'buy'
- Berenberg cuts Central Asia Metals to 'hold' (buy) - price target 170 (180) pence
LONDON MARKET OPEN: Stocks largely up after strong week; pound down
- European stocks opened higher on Friday, with the FTSE 100, DAX, and most other major indices in the positive territory.
- The positive start comes ahead of the Fed's decision on interest rates next week, with markets expecting a rate cut.
- In the US, the Dow, S&P 500, and Nasdaq all rose on Thursday, while the Labor Department reported a rise in new unemployment insurance claims.
- In Asia, the Nikkei 225 reached a new all-time high, while the Shanghai Composite dipped slightly.
- Gold prices rose, boosting shares in producers Fresnillo and Hochschild.
- Gemfields Group shares rose sharply after a successful emerald auction, with revenues nearly doubling since the previous sale.
- UK economic data showed no growth in July, as expected.
LONDON MARKET EARLY CALL: FTSE 100 to rise ahead of UK economic data
- London stocks are expected to open higher on Friday, with the FTSE 100 predicted to rise by 0.3%.
- This comes ahead of the release of UK GDP data and inflation figures from several eurozone countries.
- On Thursday, US stocks saw gains, with the Dow Jones, S&P 500, and Nasdaq Composite all rising.
- Asian markets also performed well, with the Nikkei 225 reaching a new all-time high and the Hang Seng Index surging 1.5%.
- Analysts attribute the positive market sentiment to the anticipation of a Federal Reserve rate cut next week, supported by recent US inflation data and a jump in initial jobless claims.
- US annual consumer price index accelerated to 2.9% in August, while the monthly inflation rate sped up to 0.4%.
- Core inflation remained unchanged, both annually and monthly.
- New unemployment insurance claims rose to 263,000 in the week ending September 6, the highest since October 2021.
- Currency movements include a slight weakening of the pound and euro, while the yield on US Treasury bonds remains largely unchanged.
- Commodity prices saw a decline in Brent oil and an increase in gold prices.
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