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FTSE 100 Rises Despite Tesco's Inflation Warning

RTTNews | 920 days ago

FTSE 100 Rises Despite Tesco's Inflation Warning

(RTTNews) - U.K. stocks advanced on Friday, a day after the Bank of England stuck to its gradual increases in interest rates and said it was ready to act "forcefully" to stamp out dangers posed by rising inflationary pressures.

The benchmark FTSE 100 rose 62 points, or 0.9 percent, to 7,107 after plunging 3.1 percent on Thursday.

Tesco shares were little changed. The retailer said it was seeing early indications of changing customer behavior due to pressure on households from soaring inflation.

Miner and trader Glencore rallied 2.4 percent after saying it was on track for a record full-year performance.

Media firm Future surged 6.2 percent after it has made an "encouraging start" to the second half, supported by a return to audience growth.

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Sensex, Nifty Rebound From Five-day Slump

Sensex, Nifty Rebound From Five-day Slump

Indian shares ended notably higher on Monday after five straight sessions of losses. Benchmark indexes both staged a share recovery, after having fallen nearly 5 percent over the last week.

RTTNews | 5h 49min ago

Starbucks Union Expands Strike To More States

Starbucks Union Expands Strike To More States

The ongoing strike at coffee retail giant Starbucks Corp. by its baristas has been expanded to nine states as of Sunday, according to the Starbucks Workers United union. The five-day strike began on Friday at Starbucks locations in Chicago, Los Angeles and Seattle- its hometown- seeking wage increases for baristas. The workers in Colorado, Ohio and Pennsylvania locations joined on Saturday...

RTTNews | 6h 21min ago

European Shares Struggle For Direction Ahead Of Holiday Break

European Shares Struggle For Direction Ahead Of Holiday Break

European stocks were subdued on Monday in the run-up to Christmas.

RTTNews | 6h 44min ago

FTSE 100 Subdued As GDP Figures Revised Down

FTSE 100 Subdued As GDP Figures Revised Down

U.K. stocks were flat to slightly lower on Monday after official data showed the U.K. economy stalled in the third quarter.

RTTNews | 7h 4min ago

Swiss Franc Slides Against Majors

Swiss Franc Slides Against Majors

The Swiss franc weakened against other major currencies in the European session on Monday.

RTTNews | 7h 11min ago

CAC 40 Drifts Lower In Cautious Trade

CAC 40 Drifts Lower In Cautious Trade

French stocks drifted lower on Monday against the backdrop of Europe's tumultuous political backdrop and worries over potential tariffs under the incoming Trump administration in the U.S.

RTTNews | 7h 15min ago

DAX Dips Ahead Of Holiday Break

DAX Dips Ahead Of Holiday Break

German stocks edged lower in cautious trade on Monday ahead of upcoming Christmas holidays.

RTTNews | 7h 26min ago

Asian Shares Follow Wall Street Higher On US Inflation Relief

Asian Shares Follow Wall Street Higher On US Inflation Relief

Asian stocks followed Wall Street higher on Monday after the Federal Reserve's preferred inflation gauge came in below expectations, fueling hopes for more rate cuts by the U.S. Federal Reserve in 2025.

RTTNews | 7h 41min ago

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