Topic
FTSE100
2 stories, newest first.
WorldFTSE 100 hits record high but closes lower
The FTSE 100 index reached a new intra-day peak but finished trading down. The Bank of England maintained its interest rate at 3.75% with a split vote, while US inflation figures indicated a slowdown in price increases.
4 min readTrust 42 · Craft 55 · Hype 15- World
Rolls-Royce and BAE Systems raise profit forecasts
Rolls-Royce has raised its 2024 profit forecast to between £4.7bn and £4.9bn, while BAE Systems upgraded its profit outlook to a 10-12% rise. Both companies cited increased government spending on defence systems as the primary driver for the improved financial guidance.
3 min readTrust 42 · Craft 55 · Hype 30