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FTSE 100 The FTSE 100, also known as the Financial Times Stock Exchange 100 Index, is a stock index of the 100 most highly capitalized companies listed on the London Stock Exchange. It is seen as a gauge of prosperity for businesses regulated by UK company law and is the most widely used stock market index in the United Kingdom. The index is maintained by the FTSE Group, a subsidiary of the London Stock Exchange Group.
The FTSE 100 dipped on Wednesday after UK inflation data made a Bank of England rate cut in August less likely. Many investors were hoping the stars are aligning for a reduction in borrowing costs and today’s data will only serve to dash these hopes. “UK stocks took a tumble after components of the latest […]
The FTSE 100 defied a US tech selloff to push higher on Thursday as the relatively boring nature of London’s leading index provided a haven for investors seeking shelter from volatility in US mega caps. “A catastrophic day for US tech shares hasn’t caused widespread contagion on the markets,” explained Dan Coatsworth, investment analyst at AJ […]
The FTSE 100 fell on Friday as the world was hit by widespread technology outages that disrupted trade on the LSE, grounded planes and prevented some bankers from logging into their systems. Many investors were experiencing difficulties placing trades with orders being rejected and some brokers issuing notices warning of disruption to their service. The […]
The FTSE 100 reversed early losses on Tuesday after traders bought into a sell-off in mining companies in the very early hours of the session. Strong results from Compass Group helped the index carve out gains. Having touched lows of 8,152, the FTSE 100 rebounded to trade at 8,226, 0.3% higher on Monday. “The FTSE […]
Insurer Beazley has confirmed there is no change to its guidance after a global IT outage caused by Crowdstrike raised fears about potential claims. As a leading cyber security insurer, Beazley was the FTSE 100’s biggest faller on Friday as an update fault rendered millions of Microsoft devices useless and brought airports, banks, and businesses […]
The FTSE 100 surged on Monday after President Joe Biden withdrew as the Democratic candidate for November’s general election. Biden had been under pressure to withdraw after a series of blunders raised questions about his ability to carry out his duties in a second term. There were also major concerns he would even make it […]
Poor earnings updates from US technology shares and a sharp sell off in French luxury names translated into a soggy start for UK equities as the FTSE 100 began trade deep in the red. Although the index recovered some of the losses as the session progressed, it was unable to turn positive by lunchtime. Tesla […]
A bad week for the FTSE 100 got even worse on Thursday as a US tech selloff gathered momentum, dragging the global equity universe down with it on what is the busiest day for UK earnings in the current season. The FTSE 100 had shown signs of resilience when the ‘Magnificent 7’ US tech began […]