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FTSE 100 down despite North Sea news - Market Report

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Summary: FTSE 100 is down despite the announcement of new North Sea oil and gas licenses. Financial Conduct Authority (FCA) has undergone an overhaul for fair treatment of consumers. UK's largest banks are planning a £5 million advertising campaign to support customers with repayments. BT Group 's shares slipped after the announcement of Alison Kirkley as the new chief executive. Marshall 's share price plummeted following the news of 250 job cuts . Walmart acquires TigerGlobal 's investment in Flipkart for $1.4 billion, increasing its stake to over 80%. ScanCell 's share price rises as the company expa...

Will today’s US inflation print keep the Fed on guard?

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Summary: Investors await the US inflation data for July as a significant market driver. After a notable drop in June, expectations rise for an acceleration in July's inflation figures. The Fed eral Reserve's stance on interest rates is poised to be influenced by the inflation trend. Core inflation remains a key concern and could impact the Fed 's decision on rate hikes. US dollar strength and Euro 's performance hold implications for trading dynamics. Crude oil's price surge contributes to inflation, adding to the cautious market sentiment. ...

NVIDIA's Earnings Beat Propels Chip Stocks and Markets Globally

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Summary: NVIDIA 's earnings report exceeded analyst expectations, leading to a 13.2% surge in stock price in extended trading. Other chip stocks , including AMD and Intel , also experienced significant gains as a result of NVIDIA 's success. ST Microelectronics , a French chip manufacturer, saw a positive stock price response due to the market's enthusiasm following NVIDIA 's earnings . ...

Deliveroo Shares Surge as Profits Improve and Dividend Potential Emerges

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Summary: Deliveroo surpasses profit expectations in the UK, with a 7% increase in gross transaction value . Proposed return of £250 million surplus cash to investors and potential introduction of regular dividend s. Stock price surges by 3.75% in response to improved profit outlook. Deliveroo 's performance shows progress compared to initial challenges since its 2021 stock listing. ...

FTSE 100 recovery continues despite mining woes - Market Report

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Summary: FTSE 100 reaches 10-day highs despite mining company struggles. Mining stocks, including Anglo-American , Rio Tinto , Glencore , and Antepagasta , perform poorly due to concerns about global growth and Chinese economy . Wilco faces business-saving uncertainty leading to potential store closures and job layoffs. Virgin Media 's broadband contracts draw attention, potential for unlimited price rises under scrutiny. Positive news from PureGym as half-year revenue increase s alongside growing membership. Nvidia shares surge as chipmaker...

More Concerns for UK Economy Ahead of Vital Inflation Data

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Summary: The UK economy faces concerns as initial data shows an unexpected rise in June's inflation rate to 4.2%. Job numbers indicate potential hesitance by the Bank of England in raising interest rates . Unemployment reaches levels not seen since October 2021 amid recent events like Wilco's administration. Average hourly earnings grew by 8.2% in June, aligning with expectations of further interest rate increases. The uncertain monetary policy outlook hinges on upcoming consumer price inflation figures. Sterling reacts positively to data release, impacting currency performance. Future economic trajectory depends on up...

Rishi Sunak Defends Strategy to Tackle Inflation in Exclusive ITV News Interview

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Summary: Rishi Sunak defends his strategy to tackle inflation in an exclusive interview with ITV News, stressing responsible borrowing . Sunak acknowledges the role of the government in curbing inflation and highlights the potential negative impact of excessive borrowing on long-term economic stability . Sunak discusses the effects of interest rate rises and emphasizes the importance of sustainable pay increases tied to productivity growth. Sunak confirms the government's commitment to the triple lock policy for pensions and expresses his intent to support individuals facing inflation -related pressures. Sunak addresses ca...

Declan Rice FULL INTERVIEW: ‘No added pressure after £100million move to Arsenal!’ | ESPN FC

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Summary: Declan Rice shares his thoughts on his £100 million move to Arsenal , expressing pride in his accomplishments while remaining focused on football and continuous growth. Rice praises manager Mikael 's vision and tactical approach as key factors that convinced him to join Arsenal . The football er clarifies that his transfer decision had no connection to his friend Mason Mount's move and highlights the importance of making career choices independently. Rice actively works on settling in at Arsenal , building strong relationships with teammates, and feeling at home within the club. Arsenal 's main goal this sea...