FTSE 100 Gains As Kwarteng Brings Forward Debt Plan

RTTNews | hace 937
FTSE 100 Gains As Kwarteng Brings Forward Debt Plan

(RTTNews) - U.K. shares rose sharply on Tuesday, building on gains from the previous session after the government made a dramatic U-turn on one of the tax cuts that contributed to extreme bond market turmoil last week.

The pound hit a two-week high as Chancellor Kwasi Kwarteng prepares to bring forward the publication of his debt-reduction plans.

The benchmark FTSE 100 climbed 118 points, or 1.7 percent, to 7,027 after rising 0.2 percent on Monday.

Low-cost airline Wizz Air Holdings rallied 3.6 percent after data revealed a 51.5 percent jump in passenger traffic and 12.7 percent lower CO2 emissions in the month of September 2022.

Bakery chain Greggs jumped almost 11 percent after it reported a 14.6 percent increase in third-quarter sales.

Legal & General Group added 5 percent as the financial services and asset management firm reassured investors about its financial status.

Made.Com climbed 22 percent. The embattled furniture retailer said it has begun talks with a "number of interested parties" regarding the sale of the company.

read more
Domino's Pizza Q1 Earnings Beat, Revenues Miss, U.S. Same Store Sales Down; Stock Drops

Domino's Pizza Q1 Earnings Beat, Revenues Miss, U.S. Same Store Sales Down; Stock Drops

Domino's Pizza Inc. announced Monday higher earnings in its first quarter, above market estimates, amid revenue growth. Meanwhile, the largest pizza company in the world recorded weak income from operations and U.S. same store sales, and its top line missed the Street view. In pre-market activity on the Nasdaq, Domino's Pizza shares were losing around 2.6 percent.
RTTNews | hace 1h 21min
Bay Street Likely To Open On Mixed Note

Bay Street Likely To Open On Mixed Note

The Canadian market is likely to open on a mixed note on Monday with investors mostly making cautious moves, as the nation goes to the polls today.
RTTNews | hace 1h 29min
Pound Rises As European Shares Traded Higher

Pound Rises As European Shares Traded Higher

The British pound strengthened against other major currencies in the European session on Monday amid increased risk appetite, as tariff tensions eased and investors looked ahead to a busy week of earnings, with four of the Magnificent Seven companies— Amazon, Apple, Meta Platforms and Microsoft — due to report their quarterly results.
RTTNews | hace 2h 8min
Pound Rises Against Majors

Pound Rises Against Majors

The British pound strengthened against other major currencies in the European session on Monday.
RTTNews | hace 2h 34min
FTSE Up Marginally In Cautious Trade

FTSE Up Marginally In Cautious Trade

The U.K. market is marginally up at noon on Monday with investors making some selective purchases ahead of a slew of corporate earnings announcements and some crucial economic data this week. Optimism about U.S. and China striking a trade deal sometime soon is also contributing to the positive mood in the market.
RTTNews | hace 2h 59min
CAC 40 Notably Higher; Airbus Rises Nearly 2.5%

CAC 40 Notably Higher; Airbus Rises Nearly 2.5%

French stocks are gaining ground in positive territory on Monday with investors indulging in some brisk buying at several counters ahead of key earnings updates and some crucial economic data from the U.S. and Europe due this week.
RTTNews | hace 3h 34min
DAX Rises Nearly 1% As Investors Await Corporate Earnings Updates

DAX Rises Nearly 1% As Investors Await Corporate Earnings Updates

The German market is up firmly in positive territory on Monday as investors pick up stocks ahead of a slew of earnings announcements, and some crucial economic data due this week. Optimism about an improvement in U.S.-China trade relations also appears to be supporting the market.
RTTNews | hace 4h 5min