Market updates

Global Stock Markets Face Steep Decline in Listings: US and UK Strug...

Highlights:,US stock listings have nearly halved since 1996, and IPO performance has been underwhelming, with investors seeing average losses of 7.1%....

Retail Parks Acquisition Secured with British Land’s £301m Placing

Highlights:,British Land raised £301m to partially fund a £441m retail park portfolio acquisition.,The retail parks span 1.9 million square feet with...

ESO Expected to Deliver £70m More to National Grid

Highlights:,Sterling dropped 0.7% after Bank of England Governor Andrew Bailey hinted at a more aggressive rate-cutting approach if inflation continue...

Majority Stake in Connect Ventures’ First Fund Acquired by Molten Ve...

Highlights:,Molten Ventures acquires 97% of Connect Ventures’ first fund for £18.6m.,The value is primarily driven by Typeform and Soldo, making up 85...

BoE’s Bailey Fuels Pound Drop with Talk of Aggressive Rate Cut Appro...

Highlights:,Sterling dropped 0.7% after Bank of England Governor Andrew Bailey hinted at a more aggressive rate-cutting approach if inflation continue...

European Shares Slip Amid Middle East Conflict and Economic Concerns

Highlights:,European stocks fell amid concerns over Israel's escalating conflict with Lebanon, weakening investor confidence.,Bank of England’s Govern...

Tate & Lyle Moves Forward with Acquisition Without Shareholder Vote,...

Highlights:,Tate & Lyle will not seek shareholder approval for its £1.4bn acquisition of CP Kelco under new UK listing rules.,The company reported pos...

Johnson Matthey Sees Target Price Drop as Berenberg Lowers Forecast

Highlights:,Berenberg lowered its price target for Johnson Matthey from 1,800p to 1,650p but acknowledged management's successful strategy shifts.,Key...

Tesco Raises Annual Profit Guidance Amid Resilient Growth in Key Ret...

Highlights:,Tesco raises its annual profit forecast to £2.9bn, citing stronger-than-expected UK retail volumes.,Group sales increased by 2.9% in the f...

British Pound Predicted to Surge Amid Slower Bank of England Rate Cu...

Highlights:,The British pound is forecasted to rise to $1.50 in 2024, supported by slower BoE rate cuts compared to the US Federal Reserve and ECB.,Bo...

Tesla Shares Drop Despite Quarterly Delivery Growth

Highlights:,Tesla reported a 6.4% year-on-year rise in third-quarter deliveries, with 462,890 vehicles delivered.,Investors reacted with profit-taking...

Oil, Gold, and Defence Stocks Surge Amid Fears of Imminent Conflict

Highlights:,Oil, gold, and defence stocks rose as reports surfaced of an imminent Iranian missile attack on Israel.,The US is actively supporting Isra...

Oil Prices Continue to Fall Despite Escalating Middle East Tensions

Highlights:,Oil prices continue to fall, driven by lower demand from China and better-than-expected oil inventories.,Goldman Sachs predicts crude pric...

John Lewis Sees Strong Response to Return of 'Never Knowingly Unders...

Highlights:,John Lewis has seen a strong boost in sales and website traffic following the return of its 'never knowingly undersold' pledge.,The pledge...

Roadside Real Estate disposes of Barkby Pubs subsidiary

Highlights:,Roadside Real Estate sold its Barkby Pub Co subsidiary to PS91 Hospitality for £1, completing its divestment programme.,The sale involved...

ECB’s 2% Inflation Target Surpassed as Eurozone Inflation Falls, Rat...

Highlights:,Eurozone inflation dropped to 1.8% in September, below the ECB's 2% target for the first time since 2021.,Falling energy costs drove the d...

Financial Profits Secured by Caledonia Mining with Exit from Zimbabw...

Highlights,Caledonia Mining Corporation PLC sells its solar plant in Zimbabwe for $22.35 million (£16.72 million).,CrossBoundary Energy Holdings will...

London Stocks Set to Rebound After Losses, Investors Eye UK Manufact...

Highlights:,FTSE 100 expected to rebound as investors focus on UK manufacturing data and Fed remarks.,Mulberry rejected an £83 million takeover bid fr...

European Stocks Drop as Auto Sector Slumps and Geopolitical Tensions...

Highlights:,European stocks dropped 1.0%, with autos dragging markets down as geopolitical tensions rose.,Stellantis and Aston Martin both issued prof...

September Inflation in Germany Dips to 1.8%, Heightening Rate Cut Ho...

Highlights:,German inflation dropped to 1.8% in September, driven by lower energy prices and goods costs.,Italy’s inflation fell to 0.8%, with Spain a...