ADVFN News Bulletin

London open: FTSE up but gains muted after Fitch downgrade London stocks were higher in early trade on Thursday, but gains were unspectacular after Fitch downgraded the UK’s credit rating outlook. At 0830 BST, the FTSE 100 was up 0.2% at 7,064.94, while sterling was 0.1% firmer versus the dollar at 1.1339. Late on Wednesday, Fitch downgraded […]

London open: Stocks fall as investors eye Truss speech, OPEC meeting London stocks fell in early trade on Wednesday following strong gains in the previous session, as investors eyed prime minister Liz Truss’s keynote speech at the Tory conference and an OPEC+ meeting on supply. At 0830 BST, the FTSE 100 was down 0.5% at […]

London open: FTSE gains as Kwarteng to bring forward details of debt-cutting plans London stocks rose in early trade on Tuesday following strong gains on Wall Street and as investors welcomed news that chancellor Kwasi Kwarteng plans to bring forward the publication of his debt-reduction proposals. At 0825 BST, the FTSE 100 was up 0.7% […]

London open: FSTE falls, sterling gains as govt ditches plan to scrap 45p tax rate London stocks fell in early trade on Monday as sterling got a boost after the UK government abandoned plans to cut the top tax rate. At 0825 BST, the FTSE 100 was down 0.8% at 6,838.36, while sterling was off […]

London open: FTSE slumps and pound slides; Next cuts guidance London stocks slumped and sterling was under pressure again on Thursday as investors continued to fret about the implications of last week’s so-called mini-budget, with a guidance downgrade from retailer Next adding to the downbeat mood. At 0835 BST, the FTSE 100 was 1.3% lower at 6,913.08, […]

London open: Stocks fall, sterling drops again as IMF criticises UK tax cuts London stocks fell in early trade on Wednesday, with sterling under the cosh again after the International Monetary Fund criticised the UK government’s tax plan. At 0820 BST, the FTSE 100 was 0.8% lower at 6,930.20, while the pound was down 0.6% […]

London open: FTSE gains as sterling steadies after record lows London stocks rose in early trade on Tuesday as sterling regained some poise after hitting a record low a day earlier. At 0845 BST, the FTSE 100 was up 0.6% at 7,063.34, while the pound was 1.1% firmer against the dollar at 1.0807, having fallen […]

London open: FTSE gains as sterling slides to all-time low vs dollar London stocks rose in early trade on Monday, while sterling fell to an all-time low against the greenback amid concerns the swathe of tax cuts announced by chancellor Kwasi Kwarteng last week will do little to boost growth and will instead add to […]

London open: Stocks little changed ahead of mini-budget London stocks were little changed in early trade on Friday as investors eyed the mini-budget, with Chancellor Kwasi Kwarteng set to announce the biggest tax cuts since Margaret Thatcher was in No 10 Downing Street. At 0825 BST, the FTSE 100 was down 0.1% at 7,155.00, while […]

London open: Stocks slide after hawkish Fed, ahead of BoE London stocks slid in early trade on Thursday ahead of the latest policy announcement from the Bank of England, as investors digested another big rate hike from the US Federal Reserve and a hawkish stance. At 0825 BST, the FTSE 100 was down 1% at […]