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☆ FTSE 100 falls as ex-dividend trades weigh; Rolls-Royce soars
▼ + stars: | 2023-02-23 | by ( Shashwat Chauhan | ) www.reuters.com time to read: +2 min

SummarySummary Companies Rolls-Royce jumps on upbeat forecastMajor banks and healthcare stocks trade ex-divFTSE 100 down 0.3%, FTSE 250 adds 1.0%Feb 23 (Reuters) - The FTSE 100 index fell on Thursday, as banking and healthcare majors traded ex-dividend, although a surge in Rolls-Royce after it reported higher profit limited further losses. The blue-chip FTSE 100 (.FTSE) was down 0.3%, on track for its third straight session of decline. Some banks, including Barclays (BARC.L) and Standard Chartered (STAN.L), and healthcare majors AstraZeneca (AZN.L) and GSK (GSK.L) traded without entitlement for dividend payout. The exporter-heavy FTSE 100 has had a strong start to the year, helped by some positive earnings and a stir in commodity prices, hitting record highs and breaching the 8,000 barrier level. Among individual stocks, Mondi (MNDI.L) hit the bottom of the FTSE 100, falling 6.7% after reporting its full-year results.

☆ London stocks fall as rate hike worries linger, Lloyds drags
▼ + stars: | 2023-02-22 | by ( Shashwat Chauhan | ) www.reuters.com time to read: +2 min

The blue-chip FTSE 100 (.FTSE) lost 0.9%, hitting its lowest level in over a week. The banking sector (.FTNMX301010) lost 1.4%, with shares of HSBC (HSBA.L) off 1.2% and Prudential (PRU.L) down 2.3%. London-listed shares of Rio Tinto (RIO.L) slumped 2.5% after the global miner posted a 38% drop in annual profit and more than halved its dividend. Those worries remain in focus ahead of the release, later in the day, of the minutes of the U.S. Federal Reserve's latest meeting. Despite the session's losses, the exporter-heavy FTSE 100 has had a strong start to the year, helped by some positive earnings and a stir in commodity prices.

☆ UK's FTSE 100 rises on miners boost
▼ + stars: | 2023-02-20 | by ( ) www.reuters.com time to read: +1 min

SummarySummary Companies FTSE 100 up 0.1%, FTSE 250 adds 0.1%Feb 20 (Reuters) - UK's exporter-heavy FTSE 100 gained on Monday as mining stocks rose on a bet on demand recovery in top consumer China, and retailer Frasers Group jumped after announcing a share buyback. The blue-chip FTSE 100 (.FTSE) gained 0.1% at 8:25 GMT, trading above the 8,000 point mark after breaching a record high last week. Frasers Group (FRAS.L) climbed 3.8% after the sports goods retailer said it intends to commence a new share buyback programme. Miners Rio Tinto (RIO.L) and Anglo American (AAL.L) were amongst top gainers, rising close to 1% each. The more-domestically focussed FTSE 250 midcap index (.FTMC) rose 0.1%Reporting by Shashwat Chauhan in BengaluruOur Standards: The Thomson Reuters Trust Principles.

☆ FTSE 100 at record high on positive Centrica, StanChart earnings
▼ + stars: | 2023-02-16 | by ( Shashwat Chauhan | ) www.reuters.com time to read: +2 min

SummarySummary Companies FTSE 100 hits record high, trading above 8,000 pointsCentrica, StanChart, Relx jump on upbeat resultsVodafone rises on report of looking at options for Africa unitFTSE 100 up 0.3%, FTSE 250 adds 0.4%Feb 16 (Reuters) - UK's FTSE 100 rose to a record high on Thursday, underpinned by corporate earnings from Centrica and Standard Chartered, while higher commodity prices drove up heavyweight miners. The blue-chip FTSE 100 (.FTSE) gained 0.3%, trading comfortably above the 8,000-point mark it had breached in the previous session. The exporter-heavy FTSE has had a stellar start to the year as positive corporate earnings and rising commodity prices supported the index. Shares of Centrica (CNA.L) jumped to top the FTSE 100, adding 4.2%, after the British gas owner's annual profit more than tripled and as it announced an extension of its share buyback programme. Standard Chartered (STAN.L) rose 1.8% after the lender reported a 28% rise in annual pretax profit and unveiled a $1 billion share buyback programme.

SummarySummary Companies Centrica, StanChart jump on upbeat earningsVodafone up on report exploring options for African UnitFTSE 100 up 0.2%, FTSE 250 flatFeb 16 (Reuters) - Britain's internationally-focussed FTSE 100 on Thursday closed above 8,000 points for the first time as upbeat earnings from Centrica and Standard Chartered countered global risk-off sentiment after hotter-than-expected U.S. inflation data. The blue-chip FTSE 100 (.FTSE) gained 0.2%, off an intra-day record high hit earlier in the day, but still at its highest ever closing level of 8,012.53 points. The exporter-heavy index has had a stellar start to the year, gaining 7.5% so far as positive corporate earnings and rising commodity prices supported the index. Data showed U.S. producer prices rose more than expected in January while jobless claims unexpectedly fell, fanning speculation the U.S. Federal Reserve would keep raising interest rates for longer than expected. Shares of Centrica (CNA.L) jumped to top the FTSE 100, adding 5.7%, after the British Gas owner's annual profit more than tripled and it announced an extension of its share buyback programme.

☆ London's FTSE 100 muted as bank stocks fall; weaker pound limits losses
▼ + stars: | 2023-02-15 | by ( Shashwat Chauhan | ) www.reuters.com time to read: +2 min

The blue-chip FTSE 100 (.FTSE) fell 0.1%, hovering near a record high. British lender Barclays (BARC.L) slid 8.3% to the bottom of the FTSE 100 and was set to post its biggest drop in nearly a year after reporting a 14% slump in full-year profit. The FTSE 350 banking index (.FTNMX301010) fell 1.9%, on track for its biggest one-day drop in more than two months. The pound edged lower after data showed British consumer price inflation fell more than expected in January and there were also drops in underlying measures of inflation that are being closely watched by the Bank of England. The FTSE 100 has had a stellar start to the year boosted by upbeat corporate earnings, rising more than 6% so far this year.

☆ TSX ends lower for second day as industrials slide
▼ + stars: | 2023-01-25 | by ( Fergal Smith | ) www.reuters.com time to read: +2 min

The Toronto Stock Exchange's S&P/TSX composite index (.GSPTSE) ended down 29.95 points, or 0.2%, at 20,599.60, adding to a small decline on Tuesday. "We expect them to be on pause for quite a while," said Tom O'Gorman, director of fixed income at Franklin Templeton Canada. Industrials fell 2.1%, with Canadian National Railway Co (CNR.TO) down 4.7% after the company forecast lower 2023 earnings. U.S. crude oil futures settled 2 cents higher at $80.15 a barrel after a smaller than expected build in U.S. crude inventories. Shopify Inc (SHOP.TO) was a bright spot, rising nearly 11% after the e-commerce company updated its pricing plan.

☆ Toronto market ends slightly down as Magna slides
▼ + stars: | 2023-01-24 | by ( Fergal Smith | ) www.reuters.com time to read: +2 min

The Toronto Stock Exchange's S&P/TSX composite index (.GSPTSE) ended down 2.03 points at 20,629.55, after posting on Monday its highest closing level in more than seven months. The U.S. benchmark index S&P 500 also ended slightly lower. "The issue for 2023 is going to be watching the lagged effects of the interest rate hikes that occurred last year," said Brian Madden, chief investment officer at First Avenue Investment Counsel in Toronto. Investors worry that aggressive interest rate hikes could trigger a recession, with data on Tuesday showing that U.S. business activity contracted for the seventh consecutive month in January. The Bank of Canada will hike its key interest rate by a quarter of a percentage point to 4.5% on Wednesday and then hit pause on its tightening campaign, a Reuters poll of economists showed.

☆ Twelve rescued after building collapses in India; more feared trapped
▼ + stars: | 2023-01-24 | by ( Saurabh Sharma | ) www.reuters.com time to read: +1 min

[1/4] Police officers and rescue workers stand on the debris of a residential apartment block after it collapsed in Lucknow, India, January 24, 2023. REUTERS/Saurabh SharmaLUCKNOW, India, Jan 24 (Reuters) - Rescue workers pulled 12 people, including two children, out of the rubble after a residential apartment block collapsed in the northern Indian city of Lucknow, but more were feared trapped inside, a local police official said on Tuesday. At least 12 more people were feared trapped, the official said, as rescue workers sought to clear rubble and debris from the site, located in a crowded and posh area of Lucknow, the capital of India's most populous state of Uttar Pradesh. Television channels showed piles of brick and concrete and police teams clearing the rubble to search for survivors. A total of 24 people were feared trapped when the building collapsed, Chauhan said.

☆ Energy, consumer weigh on Toronto stocks ahead of BoC decision
▼ + stars: | 2023-01-24 | by ( Shashwat Chauhan | ) www.reuters.com time to read: +2 min

Jan 24 (Reuters) - Canada's main stock index fell on Tuesday, as energy and consumer discretionary stocks dragged the index lower ahead of the Bank of Canada's interest rate decision on Wednesday, while data showed U.S. business activity contracted. ET (1522 GMT), the Toronto Stock Exchange's S&P/TSX composite index (.GSPTSE) was down 68.95 points, or 0.33%, at 20,562.63. Commodity-linked stocks took a dive, with both energy (.SPTTEN) and materials (.GSPTTMT) down 0.7% and 0.6%, respectively, as commodity prices slipped. Looking ahead, another interest rate hike by the Bank of Canada (BoC) is looming large, with traders leaning towards a 25-basis-point hike on Wednesday. The BoC had hiked its overnight lending rate all through 2022, with the current rate sitting at an over 16-year high.

The FTSE 100 (.FTSE) ended up 0.2% at 7,860.07, not far off its all-time high of 7,903.50 points hit in May 2018, while the mid-cap FTSE 250 (.FTMC) added 0.7%. "Investors appear to have fallen back in love with UK assets," said Susannah Streeter, senior investment and markets analyst, Hargreaves Lansdown. Money markets are pricing in a 64.3% chance of a 50-basis point hike by the BoE in February to curtail inflation. Oil majors BP (BP.L) and Shell (SHEL.L) slipped close to 0.4% each as crude prices fell. ITM Power (ITM.L) slumped 12% after the energy storage and clean fuel company forecast a wider full-year loss.

☆ Stocks rise, dollar stumbles after U.S. inflation data
▼ + stars: | 2023-01-12 | by ( Chuck Mikolajczak | ) www.reuters.com time to read: +3 min

[1/3] Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., November 7, 2022. U.S consumer prices fell in December for the first time in more than 2-1/2 years as prices fell for gasoline and other goods, suggesting inflation was on a sustained downward trend. Many market participants are looking for signs of weakness in the labor market as a signal of slowing inflation. On Wall Street, equities were choppy after the data, with the S&P 500 falling as much as 0.8% and then rebounding. Crude prices rose in the wake of the data, getting an additional boost from optimism over China's emergence from its COVID-19 restrictions creating additional demand.

☆ Commodity-linked stocks push FTSE 100 higher; retailers slide
▼ + stars: | 2023-01-12 | by ( Shashwat Chauhan | ) www.reuters.com time to read: +2 min

The blue-chip FTSE 100 (.FTSE) gained 0.6% to hover near a more than four-year high scaled on Wednesday, while the more domestically focused FTSE 250 mid-cap index (.FTMC) rose 0.9%. Retailers Tesco (TSCO.L) and Marks & Spencer (MKS.L) slipped between 0.3% and 1.6% despite strong sales, as both companies warned of inflationary pressures. Financial stocks were among the top gainers on the FTSE 100, with banks like HSBC (HSBA.L) and Barclays (BARC.L) rising 0.9% and 1.4%, respectively. The FTSE 100 has had a bright start to the year so far, rising in almost every session. Centrica (CNA.L) climbed to the top of FTSE 100, jumping 6.1% after the British Gas owner raised its full-year earnings forecast.

☆ Miners push FTSE 100 to over 4-year high, Direct Line tumbles
▼ + stars: | 2023-01-11 | by ( Shashwat Chauhan | ) www.reuters.com time to read: +2 min

SummarySummary Companies Direct Line drops after scrapping final dividend for 2022JD Sports rises after reporting high revenue growthReach slumps after saying annual profit to miss expectationsU.S. CPI awaitedFTSE 100 up 0.5%, FTSE 250 adds 0.7%Jan 11 (Reuters) - UK's exporter-heavy FTSE 100 hit an over four-year high on Wednesday, buoyed by gains in mining stocks, while insurer Direct Line plunged after cancelling its final dividend for 2022. The blue-chip FTSE 100 (.FTSE) advanced 0.5%, its highest since August 2018, while the more domestically focused FTSE 250 mid-cap index (.FTMC) gained 0.7%. Fed Governor Michelle Bowman said overnight that the central bank will have to raise interest rates further to combat high inflation. The commodity-heavy FTSE 100 has had a bright start to the year so far, rising for five of the previous six trading sessions, after it outperformed major global peers in 2022 as commodity prices jumped. Reporting by Shashwat Chauhan in Bengaluru; Editing by Sherry Jacob-Phillips and Shailesh KuberOur Standards: The Thomson Reuters Trust Principles.

☆ Consumer stocks drag FTSE 100 lower amid recessionary jitters
▼ + stars: | 2023-01-10 | by ( Shashwat Chauhan | ) www.reuters.com time to read: +2 min

SummarySummary Companies FTSE 100 down 0.3%, FTSE 250 off 0.4%Robert Walters down on profit warningInvestors await Fed Chair speechJan 10 (Reuters) - Britain's FTSE 100 retreated from a three-and-a-half-year high on Tuesday, led by consumer stocks amid recession worries, after hawkish comments from two U.S. Federal Reserve officials raised worries about future rate hikes. The blue-chip FTSE 100 (.FTSE) declined 0.3%, while the domestically focussed FTSE 250 mid-cap index (.FTMC) fell 0.4%. On Monday, Fed officials said inflation data due later this week would sway the central bank's decision about rate hikes. Among individual stocks, recruiter Robert Walters (RWA.L) slumped 8.1% after the company warned that its full-year profit was expected to be slightly below market expectations. Reporting by Shashwat Chauhan in Bengaluru; Editing by Dhanya Ann Thoppil and Subhranshu SahuOur Standards: The Thomson Reuters Trust Principles.

☆ Resources lift FTSE 100 to mid-2019 highs
▼ + stars: | 2023-01-09 | by ( Shashwat Chauhan | ) www.reuters.com time to read: +2 min

SummarySummary Companies FTSE 100 up 0.2%, FTSE 250 adds 0.4%Game developers fall on bleak outlookAstraZeneca down after $1.8 bln CinCor Pharma dealResources shares rise on China reopening optimismJan 9 (Reuters) - UK's exporter-heavy FTSE 100 hit a more than three-year high on Monday, led by commodity-linked stocks, as China's reopening of its borders reinforced hopes for a rebound in the world's second-largest economy. The blue-chip FTSE 100 (.FTSE) gained 0.2%, hitting its highest since July 30, 2019, while the more domestically focused FTSE 250 mid-cap index (.FTMC) rose 0.4%. Industrial metal miners (.FTNMX551020) gained 1.4%, while oil majors Shell (SHEL.L) and BP (BP.L) also advanced as oil prices climbed on China demand prospects after Beijing opened on Sunday borders that have been all but shut since the start of the COVID-19 pandemic. Despite surging inflation and risks of a global recession, the FTSE 100 outperformed major global markets last year due to high exposure to commodity prices. Reporting by Shashwat Chauhan in Bengaluru; Editing by Subhranshu SahuOur Standards: The Thomson Reuters Trust Principles.

The nonfarm payrolls rose by 223,000 jobs in December, data from the Labor Department showed, while a 0.3% rise in average earnings was smaller than expected and lower than the previous month. The numbers for November were revised to show nonfarm payrolls rose by 256,000 and average earnings grew by 0.4%. Another set of data showed U.S. services activity contracted for the first time in more than 2-1/2 years in December amid weakening demand, with more signs of inflation abating. Except healthcare stocks (.SPXHC), all the major S&P 500 indexes were in the green led by gains in energy shares (.SPNY). The S&P index recorded 13 new 52-week highs and five new lows, while the Nasdaq recorded 45 new highs and 52 new lows.

☆ FTSE 100 rises on Next boost; recession worries loom
▼ + stars: | 2023-01-05 | by ( Shashwat Chauhan | ) www.reuters.com time to read: +2 min

The blue-chip FTSE 100 (.FTSE) climbed 0.4%, extending gains to a third straight session and outperforming most regional peers. British clothing retailer Next (NXT.L) surged 7.4% after raising its pretax profit forecast for the current year, pushing the broader retailers index (.FTNMX404010) to a more than four-month high. Oil majors BP (BP.L) and Shell (SHEL.L) rose more than 1% each as crude oil prices rebounded amid dollar weakness. Britain's services sector ended 2022 in a lacklustre fashion, with new orders falling and hiring frozen during December, a survey showed, highlighting the likelihood that Britain is already in recession. Reporting by Shashwat Chauhan in Bengaluru; editing by Uttaresh.V and Shinjini GanguliOur Standards: The Thomson Reuters Trust Principles.

☆ FTSE 100 subdued with Sunak speech, Fed minutes in focus
▼ + stars: | 2023-01-04 | by ( ) www.reuters.com time to read: +1 min

SummarySummary Companies FTSE 100 flat, FTSE 250 adds 0.3%Jan 4 (Reuters) - The blue-chip FTSE 100 was tepid on Wednesday as British Prime Minister Rishi Sunak is likely to set out his priorities for 2023, while investors also awaited minutes from the U.S. Federal Reserve's meeting to gauge the path forward for interest rates. The exporter-heavy FTSE 100 (.FTSE) held its ground at 7562 points, while the more domestically focused FTSE 250 midcaps (.FTMC) rose 0.3%. Miners of precious (.FTNMX551030) and base metals (.FTNMX551020) took an early lead, rising around 1% as prices rebounded against a weaker U.S. dollar. Investors will parse the minutes to figure out whether more policy tightening is likely. British oil majors BP (BP.L) and Shell (SHEL.L) lost more than 2% each as oil prices fell on China demand woes, while the broader energy index (.FTNMX601010) shed 2.9%.

☆ Oil stocks lift London shares on first trading day of 2023
▼ + stars: | 2023-01-03 | by ( ) www.reuters.com time to read: +1 min

SummarySummary Companies FTSE 100 up 1.4%, FTSE 250 adds 1.3%Jan 3 (Reuters) - UK's exporter-heavy FTSE 100 jumped 1.4% on Tuesday, marking a strong start to the New Year, as energy stocks rallied and investors waited for manufacturing data due later in the day. The blue chip FTSE 100 (.FTSE) rose 1.4% by 0820 GMT after far outperforming regional peers with a 0.9% rise in 2022. The more domestically-focused FTSE 250 midcaps (.FTMC) rose 1.1%, while the broader pan-European STOXX 600 (.STOXX) gained 0.7%. As crude prices rose, oil majors Shell (SHEL.L) and BP (BP.L) gained in early trading, pushing the broader energy sector (.FTNMX601010) up 4.2%. Rolls-Royce (RR.L) rose 4.9% to top the FTSE 100, after Jefferies raised the airplane engine maker to "buy" from "hold".

☆ FTSE 100 falls as consumer, commodity stocks drag on China COVID worries
▼ + stars: | 2022-12-29 | by ( Shashwat Chauhan | ) www.reuters.com time to read: +2 min

SummarySummary Companies FTSE 100 eyes worst day in two weeksFalling crude drags oil giants lowerFTSE 100 down 0.4%, FTSE 250 off 0.3%Dec 29 (Reuters) - UK's FTSE 100 fell on Thursday, with energy and consumer stocks leading declines, as optimism over China's reopening fizzled out in the face of surging COVID-19 cases in the world's second largest economy. The blue-chip index (.FTSE), down 0.4%, will post its biggest single day drop in two weeks if losses hold. Commodity prices broadly fell as surging COVID cases in China dimmed hopes of a recovery in fuel demand for the world's largest crude oil importer even as it began dismantling strict COVID curbs. Oil majors BP (BP.L) and Shell (SHEL.L) lost 1.2% and 0.8%, respectively, on Thursday as crude prices fell more than 2%. Consumer stocks such Unilever (ULVR.L) and British American Tobacco (BATS.L) weighed on the FTSE 100, slipping nearly 1%.

☆ TSX futures edge higher as investors eye China reopening
▼ + stars: | 2022-12-28 | by ( ) www.reuters.com time to read: +1 min

Dec 28 (Reuters) - Futures for Canada's main stock index edged up on Wednesday as investors returned from a long holiday weekend to global optimism over China moving towards reopening its economy. Futures on the S&P/TSX index were up 0.2% at 6:53 a.m. On the flip side, concerns remained that rising COVID cases could disrupt its economic recovery, pushing down prices of oil , . Copper prices hit two-week peak, while gold eased from the six-month high hit in the previous session as the dollar regained strength. Canadian equity markets will resume trading for the first time this week, following Christmas and Boxing Day holidays.

☆ TSX hits 5-week low as Fed's hawkish stance fuels recession worries
▼ + stars: | 2022-12-15 | by ( Fergal Smith | ) www.reuters.com time to read: +2 min

[1/2] The Art Deco facade of the original Toronto Stock Exchange building is seen on Bay Street in Toronto, Ontario, Canada January 23, 2019. The Toronto Stock Exchange's S&P/TSX composite index (.GSPTSE) ended down 291.02 points, or 1.5%, at 19,600.63, its lowest closing level since Nov. 9. Hopes that the U.S. central bank would soften its stance had helped lift equity markets off their lows from October. Higher interest rates reduce the value to investors of the future cash flows that companies in that sector are expected to produce. Reporting by Fergal Smith; additional reporting by Shashwat Chauhan in Bengaluru; editing by Jonathan OatisOur Standards: The Thomson Reuters Trust Principles.

☆ TSX dragged to over one-month low by tech, commodity-linked stocks
▼ + stars: | 2022-12-15 | by ( Shashwat Chauhan | ) www.reuters.com time to read: +2 min

[1/2] The Art Deco facade of the original Toronto Stock Exchange building is seen on Bay Street in Toronto, Ontario, Canada January 23, 2019. ET (1513 GMT), the Toronto Stock Exchange's S&P/TSX composite index (.GSPTSE) was down 295.24 points, or 1.48%, at 19,596.41. All sectors declined, led by materials (.GSPTTMT), which sank 2.2% to an about two-week low as gold prices toppled against a stronger dollar. Meanwhile, Canadian housing starts edged lower in November compared with the previous month as a drop in single-detached urban starts offset groundbreaking in multiple unit urban homes, data from the national housing agency showed on Thursday. Reporting by Shashwat Chauhan in Bengaluru; Editing by Anil D'Silva and Maju SamuelOur Standards: The Thomson Reuters Trust Principles.

☆ TSX futures steady as oil prices recover, Fed worries cap gains
▼ + stars: | 2022-12-15 | by ( ) www.reuters.com time to read: +1 min

Dec 15 (Reuters) - Futures for Canada's resources-heavy main stock index rose on Thursday as oil prices recouped early losses, while a sharp drop in gold kept gains in check after hawkish Federal Reserve commentary. Futures on the S&P/TSX index were up 0.1% at 6:34 a.m. ET (1134 GMT), while their U.S. peers fell after the Fed on Wednesday raised interest rates as expected but said it would keep hiking them further. Fed Chair Jerome Powell on Wednesday said interest rate hikes would persist next year even as the U.S. economy faces the threat of a recession, sparking a selloff on Wall Street and also knocking down Canada shares (.GSPTSE). In a bright spot, oil prices steadied after early declines as the dollar firmed, while likely increases in interest rates by central banks also heightened demand concerns.

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