^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 | 884,283,783 |
Yahoo Finance UKNumber of young people not working due to ill-heath almost doubles
Worklessness due to ill health heavily concentrated among those with poor qualification levels.
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.
Yahoo Finance UKWall Street bounces back amid debt deal as FTSE closes higher
British Land booted off FTSE 100 while Ocado dodges demotion.
- 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 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.
BloombergBritish Land Loses FTSE 100 Spot After Two Decades in Index
(Bloomberg) -- British Land Co. lost its blue-chip status after more than two decades in the FTSE 100 index as soaring interest rates roil the UK commercial property market.Most Read from BloombergChina Is Drilling a 10,000-Meter-Deep Hole Into Earth’s CrustS&P 500 Almost Wipes Out Its Monthly Advance: Markets WrapHedge Funds Are Deploying ChatGPT to Handle All the Grunt WorkTwitter Is Now Worth Just 33% of Elon Musk’s Purchase Price, Fidelity SaysDebt-Limit Deal Heads to House Vote After Cleari
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.
- 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.
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.
The TelegraphThis energy giant is managing a difficult balancing act well – it could spell good news ahead
Many investors will subscribe to the concept of shareholder primacy, and that the efforts of a company’s management and staff should be geared to creating the maximum value for shareholders, as they are the ultimate owners of the business.
- Investing.com
European stocks lower; U.S. debt agreement needs to get through Congress
European stock markets edged lower Tuesday, with investors anxious to see how the weekend’s U.S. debt ceiling agreement will proceed through Congress. President Joe Biden and House Majority Leader Kevin McCarthy reached an agreement over the weekend to lift the $31.4 trillion federal debt ceiling until January 2025 in exchange for caps on spending and cuts in government programs.
- Financial Times
US stocks hit 9-month high on solid data and debt ceiling hopes
US stocks hit a nine-month high on Friday, propelled by solid economic data and growing investor optimism that a deal on the US debt ceiling will land in the coming days. The S&P 500 closed 1.3 per cent higher, its highest level since mid-August, in a relatively broad rally in which investors scooped up stocks more sensitive to economic growth prospects and spurning traditionally defensive sectors such as utilities, healthcare and consumer staples. The benchmark index added 0.3 per cent in the week, notching its second straight week of gains.
The TelegraphWhitbread explores sale of Beefeater and other restaurant chains
Whitbread is laying the groundwork for a sale of part of its £700m pub and restaurant arm in a move that could place its Beefeater steakhouse chain on the chopping block.