FTSE 100 Rises As Energy Stocks Rally

RTTNews | 1037 days ago
Stocktwits
FTSE 100 Rises As Energy Stocks Rally

(RTTNews) - U.K. stocks rose on Tuesday as a rally in crude oil prices helped lift energy stocks. The benchmark FTSE 100 rose 51 points, or 0.7 percent, to 7,172 after adding 1.5 percent on Monday.

BP Plc advanced 1.3 percent and Shell added 1.4 percent as WTI crude futures rose more than 2 percent amid tight supplies of crude and fuel products.

John Wood Group rose about half a percent. The engineering and consulting business named Ken Gilmartin as its new chief executive officer effective from 1 July 2022.

Online supermarket Ocado slumped 4.4 percent after raising £575m in a share placing to fund its expansion.

Packaging group DS Smith added 1.2 percent after it reported strong growth in profits and sales for the year to the end of April.

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German Private Sector Falls Back Into Contraction

German Private Sector Falls Back Into Contraction

Germany's private sector fell into the contraction territory in April as trade tariff concerns damped business confidence and demand, flash purchasing managers' survey by S&P Global revealed Wednesday. The composite output index fell to 49.7 in April from 51.3 in March. The score fell below the 50.0 no-change mark for the first time in four months.
RTTNews | 33 minutes ago
Tesla Stock Gains As Musk Plans DOGE Cutback, Despite Weak Q1

Tesla Stock Gains As Musk Plans DOGE Cutback, Despite Weak Q1

Shares of Tesla, Inc. were gaining around 7 percent in the pre-market hours on the Nasdaq, continuing an upbeat activity on Tuesday's after-hours, after CEO Elon Musk announced that he will reduce time with President Donald Trump's Department of Government Efficiency or DOGE significantly, starting in May. The announcement on the luxury electric vehicle maker's earnings call came after reporting..
RTTNews | 36 minutes ago
CAC 40 Up Nearly 2.5% As Stocks Rally On Positive Global Cues

CAC 40 Up Nearly 2.5% As Stocks Rally On Positive Global Cues

French stocks are up sharply on Wednesday with investors reacting to U.S. President Donald Trump's softer tone toward Federal Reserve Chair Jerome Powell, and his admission that the 145% tariffs on China are "very high" and they will come down substantially.
RTTNews | 45 minutes ago
Pound Slides On Weak UK PMI Data

Pound Slides On Weak UK PMI Data

The British pound weakened against other major currencies in the European session on Wednesday, after the U.K. private sector activity deteriorated for the first time in one-and-a-half years in April amid weaker foreign demand linked to tariff uncertainty.
RTTNews | 52 minutes ago
Pound Slides Against Majors

Pound Slides Against Majors

The British pound weakened against other major currencies in the European session on Wednesday.
RTTNews | 1h 8min ago
French Private Sector Downturn Worsens

French Private Sector Downturn Worsens

France's private sector activity came under renewed pressure in April due to pronounced demand weakness in the domestic market and sharp deterioration in confidence, flash survey data from S&P Global showed on Wednesday. The HCOB composite output index registered 47.3 in April, down from 48.0 in March. The reading was expected to ease to 47.8.
RTTNews | 1h 22min ago
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