Market News Feed
ALL-MARKETS
Default all-market view
AI Daily 5 entries
LONDON MARKET CLOSE: Stocks swing in choppy trade amid war uncertainty
- London's FTSE 100 closed up 71.50 points (0.7%) at 10,436.29 on Friday, amid volatile trading due to Middle East tensions.
- FTSE 250 ended down 45.89 points (0.2%) at 21,642.30, and AIM All-Share fell 4.64 points (0.6%) to 734.61.
- For the week, FTSE 100 rose 4.7%, FTSE 250 gained 1.6%, and AIM All-Share added 1.9%.
- Markets initially fell after Trump's threats to Iran but recovered on reports of Iran-Oman protocol for Strait of Hormuz.
- Brent oil traded higher at USD106.75/barrel, up from USD101.83 but below earlier highs of USD110.
- UK hosted talks with 35 nations to reopen the Strait of Hormuz, critical for global oil transit.
- UK Foreign Secretary Yvette Cooper condemned Iran's actions for impacting global economic security.
- Bank of England survey shows firms expect modest price increases of 3.5% over the next 12 months.
- FTSE 100 top risers: 3i Group, Centrica, Shell, Tesco, Rentokil Initial.
- FTSE 100 top fallers: Endeavour Mining, St James's Place, Kingfisher, Howden Joinery, Experian.
- UK financial markets closed on Friday and Monday for Good Friday and Easter Monday.
LONDON MARKET MIDDAY: FTSE 100 down but oil price boosts BP and Shell
- Stock prices in London were lower midday on Thursday due to ongoing uncertainty over the Iran war and its economic impact.
- FTSE 100 down 0.2%, FTSE 250 down 0.9%, and AIM all-share down 1.2%.
- UK companies expect to increase prices by 3.5% over the next 12 months due to surging energy prices linked to the Iran war.
- 57% of firms reported high or very high business uncertainty, up 10 percentage points from February.
- Trump's address provided no clear resolution to the Iran conflict, increasing market uncertainty.
- FTSE 100 losses mitigated by gains in BP (up 4.5%), Shell (up 3.3%), and defensive sectors like tobacco and utilities.
- Brent oil up to USD108.57 per barrel; gold and silver prices lower.
- Precious metal miners down; Scottish Mortgage Investment Trust gained 1.0% due to increased SpaceX holding.
- SpaceX filed for a historic IPO with a valuation over USD1.75 trillion.
- BSF Enterprise shares doubled after unveiling a luxury handbag made from T-Rex Leather.
- Speedy Hire fell 13% due to worsening market conditions and Middle East conflict impact.
- European equities down; France's government deficit narrowed in February.
- Pound and euro lower against the dollar; US stocks called lower; Treasury yields widened.
LONDON BROKER RATINGS: RBC raises Berkeley; Berenberg raises BHP
- RBC raises Berkeley to 'outperform' (sector perform)
- Berenberg cuts Berkeley price target to 4,000 (4,500) pence - 'buy'
- Goldman Sachs cuts Berkeley price target to 2,965 (3,875) pence - 'sell'
- Citigroup cuts Land Securities price target to 604 (627) pence - 'neutral'
- Goldman Sachs cuts Intertek price target to 5,700 (6,610) pence - 'buy'
- Berenberg raises BP price target to 700 (520) pence - 'buy'
- Jefferies raises BP price target to 650 (440) pence - 'hold'
- Jefferies raises Shell price target to 4,400 (3,500) pence - 'buy'
- Berenberg raises Shell B price target to 4,100 (3,300) pence - 'buy'
- Morgan Stanley cuts International Consolidated Airlines price target to 5.10 (5.60) EUR - 'overweight'
- Berenberg raises Rio Tinto price target to 6,700 (6,000) pence - 'hold'
- Berenberg raises Glencore price target to 630 (600) pence - 'buy'
- Berenberg cuts Fresnillo price target to 3,400 (3,800) pence - 'hold'
- Berenberg cuts Endeavour Mining price target to 5,200 (5,500) pence - 'buy'
- Berenberg cuts Antofagasta price target to 3,700 (4,300) pence - 'buy'
- Berenberg cuts Anglo American price target to 3,600 (3,900) pence - 'buy'
- Barclays cuts Coca-Cola HBC price target to 4,900 (5,000) pence - 'overweight'
- Barclays cuts Sage price target to 850 (900) pence - 'underweight'
- Goldman Sachs cuts Experian price target to 4,060 (4,750) pence - 'buy'
- Jefferies cuts St James's Place price target to 1,700 (1,800) pence - 'buy'
- Peel Hunt cuts Harbour Energy to 'hold' - price target 270 pence
- Berenberg raises Harbour Energy price target to 255 (225) pence - 'hold'
- Berenberg cuts Energean price target to 765 (780) pence - 'hold'
- Morgan Stanley cuts Wizz Air price target to 900 (1,100) pence - 'equal-weight'
- Morgan Stanley cuts easyJet price target to 310 (410) pence - 'underweight'
- Berenberg cuts Pan-African Resources price target to 165 (181) pence - 'buy'
- Berenberg cuts Hochschild Mining price target to 590 (700) pence - 'hold'
- Berenberg cuts Atalaya Mining price target to 950 (1,210) pence - 'buy'
- Barclays cuts Alfa price target to 250 (280) pence - 'overweight'
- Berenberg raises BHP to 'hold' (sell) - price target 2,500 (2,600) pence
- Citigroup raises Greatland Resources to 'buy' (neutral) - price target 816 (780) pence
- Berenberg raises Yellow Cake price target to 737 (736) pence - 'buy'
- Berenberg cuts Wheaton Precious Metals price target to 11,200 (13,000) pence
- Berenberg raises Valterra Platinum to 'hold' (sell) - price target 6,400 (6,300) pence
- Berenberg raises Tharisa price target to 220 (210) pence - 'buy'
- Berenberg cuts Sylvania Platinum price target to 166 (167) pence - 'buy'
- Berenberg cuts Resolute Mining price target to 89 (101) pence - 'buy'
- Berenberg cuts Kenmare Resources price target to 220 (230) pence - 'hold'
- Berenberg cuts Gryphon Mining price target to 300 (320) pence - 'buy'
- Berenberg cuts Central Asia Metals price target to 190 (210) pence - 'hold'
- Peel Hunt cuts Ferrexpo price target to 40p from 50p - 'hold'
- Berenberg raises Serica Energy price target to 350 (300) pence - 'buy'
- Berenberg raises Kistos price target to 325 (285) pence - 'buy'
- Berenberg raises Jadestone Energy price target to 74 (64) pence - 'buy'
- Goldman Sachs raises Ferguson Enterprises target to 22,950 (22,150) pence - 'buy'
- Jefferies cuts Henry Boot price target to 231 (266) pence - 'buy'
- Berenberg cuts Henry Boot price target to 230 (326) pence - 'buy'
- Barclays raises Wise price target to 1,140 (1,130) pence - 'overweight'
- JPMorgan cuts Future price target to 750 (1,235) pence - 'overweight'
LONDON MARKET OPEN: Stocks in red as war outlook "more cautious"
- London stock prices opened lower on Thursday due to a 'risk-off' mood after US President Donald Trump's address lacked a clear timeline for ending the Middle East conflict.
- FTSE 100 opened down 0.6%, FTSE 250 down 1.3%, and AIM all-share down 1.4%.
- BP and Shell led FTSE 100 gains, up 3.2% and 2.4% respectively, while gold miners like Fresnillo and Endeavour Mining were among the laggers.
- Brent oil rose to USD107.87 per barrel, attributed to geopolitical risks and potential supply disruptions.
- Travel-linked stocks declined, with International Consolidated Airlines, InterContinental Hotels, Wizz Air, and easyJet all losing ground.
- Wizz Air reported 8.4% year-on-year passenger growth in March, while Ryanair carried 15.8 million passengers, up 5.3% year-on-year.
- Lloyds Banking fell 1.6% after announcing no increase in motor finance redress provisions.
- European equities declined, with CAC 40 down 1.1% and DAX 40 down 1.6%.
- The pound weakened against the USD and euro, while the USD strengthened against the yen.
- Asian markets closed lower, with Nikkei 225 down 2.4%, Shanghai Composite down 0.8%, and Hang Seng down 1.0%.
- US markets ended higher on Wednesday, with Dow Jones up 0.5%, S&P 500 up 0.7%, and Nasdaq up 1.2%.
- US Treasury yields widened, with the 10-year at 4.38% and 30-year at 4.96%.
- Upcoming economic data includes US and Canadian trade balance and US jobless figures.
LONDON MARKET EARLY CALL: FTSE 100 seen down; Trump speech falls flat
- London stocks expected to open lower on Thursday after Trump's address on Iran war.
- Trump promised continued "extremely hard" strikes for 2-3 weeks, aiming to crush Iran's military and prevent nuclear capabilities.
- Trump threatened to target Iran's electric generating plants if negotiations fail.
- Trump urged countries reliant on the Strait of Hormuz to "grab it" and claimed it would "open up naturally" post-conflict.
- Iran dismissed U.S. demands as "maximalist and irrational," denying direct ceasefire negotiations.
- FTSE 100 futures down 0.9% (95.3 points) on Thursday; closed up 1.9% on Wednesday.
- Sterling weakened against USD and EUR; euro also lower against USD, while USD strengthened against JPY.
- U.S. markets closed higher on Wednesday; Asian markets down on Thursday (Nikkei -2.4%, Shanghai Composite -0.9%, Hang Seng -1.3%, S&P/ASX 200 -1.1%).
- Gold prices fell to USD4,638.79/ounce; Brent oil rose to USD107.08/barrel.
- Corporate calendar: Baillie Gifford Japan Trust reports half-year results.
- Economic calendar: Swiss consumer inflation and French budget balance data expected Thursday morning.
All Market News Today 568 headlines
RMMC
14:19
River and Mercantile UK Micro Cap Investment Company Ltd
SPI
13:33
Spire Healthcare Group Plc
PCTN
13:30
Picton Property Income Ltd
SREI
13:27
Schroder Real Estate Investment Trust Ltd
BLND
13:24
British Land Company PLC
TGE
12:56
TGE
FOG
12:01
Falcon Oil & Gas Ltd.
TTE
06:24
TotalEnergies SE
CRN
06:01
Cairn Homes PLC
GKP
06:01
Gulf Keystone Petroleum Ltd
GKP
06:01
Gulf Keystone Petroleum Ltd
AI 1 headlines
Acquisitions 6 headlines
Agreement 1 headlines
Approvals 2 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 66 headlines
Discovery 0 headlines
Exceeded 0 headlines
FCA 0 headlines
FDA 0 headlines
Grants 0 headlines
InvestmentPlan 0 headlines
JV 2 headlines
Launch 0 headlines
Litigation 0 headlines
NewContract 2 headlines
Offers 6 headlines
Offtake 0 headlines
Orders 1 headlines
GKP
06:01
Gulf Keystone Petroleum Ltd
Partner 0 headlines
Patents 0 headlines
Placing 4 headlines
Positive 0 headlines
Proposals 1 headlines
Reports 18 headlines
GKP
06:01
Gulf Keystone Petroleum Ltd