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01.07.2024Labour Party wins the general election
01.07.2024Labour Party wins the general election
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business 2025-06-26 16:23
FTSE 100 climbs as dollar falls and pound strengthens - The FTSE 100 index increased by 16.85 points, due to stronger pound and weaker dollar.
- The euro and sterling reached multi-year highs against the dollar amid speculation in US monetary policy.
- The gains in UK markets highlighted investor confidence but remained contingent on US economic data.
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business 2025-06-20 08:01
UK retail sales experience sharpest decline since December 2023 - Retail sales in the UK fell by 2.7% in May 2025, the largest decline since December 2023.
- Government borrowing reached £17.7 billion last month, the second-highest figure for May in recorded history.
- As inflation and costs rise, the economic outlook remains cautious, leading to scrutiny of future monetary policy actions.
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business 2025-04-08 10:42
UK stocks plummet as Trump tariffs trigger market turmoil - The FTSE 100 index dropped significantly due to fears stemming from new tariffs imposed by the US.
- Global markets faced severe declines including major US stock indexes, illustrating widespread repercussions.
- UK officials are seeking dialogue with international leaders to navigate the economic fallout from these tariffs.
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business 2025-02-24 11:30
National Grid sells US renewables business for $1.735 billion - National Grid agreed to sell its US onshore renewables business to Brookfield Asset Management for $1.735 billion.
- This divestment is part of a strategy to focus on the company's energy networks and significant infrastructure investments in the UK.
- The sale reflects the shifting landscape of American energy policies and National Grid's commitment to enhancing the UK's energy infrastructure.
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category, sub-category 2024-09-17 08:55
Kingfisher upgrades profit forecast amid rising margins - Kingfisher's sales fell to £6.8 billion in the six months to July 2023, a 1.4% decrease year-on-year.
- Despite the sales decline, pre-tax profit rose to £324 million, leading to an upgraded full-year profit forecast.
- The company is cautiously optimistic about future growth, with signs of recovery in the housing market.
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politics, business 2024-09-11 10:57
FTSE dips as oil majors suffer from falling Brent crude prices - The FTSE 100 index fell by 64.86 points to close at 8,205.98 due to a slump in oil prices and AstraZeneca's disappointing trial results.
- Brent crude oil prices dropped to 68.58 US dollars per barrel, impacting major oil companies like Shell and BP.
- Investor sentiment remains cautious ahead of the European Central Bank's interest rate decision, contributing to the overall market decline.
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politics, business, society 2024-09-04 23:01
CBI launches group to empower companies on compliance issues - The FTSE has experienced a decline in activity, returns, and listings over the past 20 years.
- Many companies are choosing to de-list and move to other markets, raising concerns about London's status as a financial hub.
- The CBI is establishing a group to empower companies on compliance issues, aiming to provide a voice for businesses in the regulatory landscape.
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business, politics 2024-08-22 16:39
FTSE 100 Rises Slightly Before Jackson Hole Meeting - FTSE 100 index rose slightly by 0.06% to close at 8,288.00 points.
- Global traders eagerly await the upcoming Jackson Hole summit.
- Investors remain cautiously optimistic amid uncertainty.
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business 2024-08-19 16:22
FTSE 100 Rises with Housebuilders and Miners - The FTSE 100 index rose by 0.55% to close at 8,356.94 points.
- Housebuilders and miners contributed to the increase in the FTSE 100.
- Overall, the market saw positive gains by the end of the day.
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business 2024-08-12 16:22
FTSE 100 Rises After Oil Prices Increase - FTSE 100 index increases by 0.52% to close at 8,210.25 points
- Oil prices rise leading to the positive movement in the stock market
- Positive market trend observed on Monday
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business 2024-08-09 16:31
FTSE Index Gains in London - The FTSE Index in London increased by 23.13 points, finishing the day at 8,168.1.
- This represents a 0.28% rise in the index, indicating positive market performance.
- Overall, the rise reflects investor confidence in the current economic climate.
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