At 8.15am the FTSE 100 was up 8 points at 7,766 while the FTSE 250 rose 22 points to 19,877. In corporate news, easyJet PLC continued to fly high, adding a further 6.6% to the gains already this year after it said full-year profits would beat market expectations. Tullow Oil PLC (LON: ) was also in favour as the West Africa-focused oil producer said it expects its 2022 free cash flow at US$267mln. 7.55am: Bookings flying at easyJet, profits seen above City forecastsUpbeat trading news from easyJet PLC. Back in London and trading updates are expected from easyJet PLC and CMC Markets.
But the appointment of first, Jeremy Hunt, as chancellor, followed by a new prime minister, Rishi Sunak, has so far restored confidence in the money markets. 11.33am: Rishi Sunak confirmed as PMRishi Sunak has officially been appointed as prime minister after meeting King Charles III at Buckingham Palace. Net interest income improved to $8.58 billion from $6.61 billion, but net fee income fell to $2.78 billion from $3.32 billion. Net insurance premium income slipped to $2.66 billion from $2.72 billion and revenue decreased by 3.2% to $11.62 billion from $12.01 billion. 7.00am: FTSE 100 seen slightly higherThe FTSE 100 is set to open slightly higher on Tuesday following further strong gains in the US and as Rishi Sunak prepares to be officially appointed as prime minister.3 months ago Investing.com UK
FILE PHOTO: A view of signage outside the European Central Bank (ECB) building in Frankfurt, Germany October 27, 2022. "We will cross the neutral rate -- regardless of where anyone currently sees it -- like a runaway train," Kazimir, Slovakia's central bank chief, said. Italian inflation meanwhile soared to 12.8% in October, far outpacing expectations for 9.9% while French price growth was also well above forecasts. RECESSIONThe hawkish ECB commentary comes as a recession looks now almost certain, prompting a barrage of criticism from European leaders. ECB chief Christine Lagarde pushed back on the criticism on Thursday, arguing that breaking inflation was the ECB's chief mission and governments could help by providing targeted support for the most vulnerable.3 months ago Investing.com UK
Amazon plunges after missing forecasts for the third quarter and giving disappointing guidance for the current one. Stocks are under pressure as a result, but resilient numbers from Apple are helping to steady the ship. Musk closes Twitter deal, fires top managementElon Musk closed his $44 billion deal to buy Twitter (NYSE: ) and – according to various reports – immediately fired CEO Parag Agrawal and CFO Ned Segal. Stocks set for lower opening as Amazon weighs; consumer data dump eyedAmazon’s weak update is casting a pall over U.S. stock markets, which are set to open lower later. Exxon, Chevron post massive quarter on surging oil pricesCrude oil prices edged lower overnight but are set to end the week near their highs.3 months ago Investing.com UK
FILE PHOTO: Signature of Turkey's President Recep Tayyip Erdogan is pictured on a Bayraktar drone at SAHA EXPO Defence & Aerospace Exhibition in Istanbul, Turkey, October 27, 2022. REUTERS/Umit Bektas/File PhotoBy Can SezerISTANBUL (Reuters) - Turkish defence company Baykar is planning to complete the construction of its manufacturing plant in Ukraine in two years, its chief executive said on Thursday, after the company became highly renowned for their drones' success in thwarting Russian forces. The aerial drones supplied to Ukraine by Baykar were instrumental in Ukraine's defense against Russian armour and anti-aircraft systems in the first few weeks of the Russian invasion. Its Bayraktar TB2 drone gained so much prominence with the public that Ukrainians composed a song about it and some allies launched unprecedented crowdfunded campaigns to buy more. As part of an agreement between Turkey and Ukraine, signed just before Russia's Feb. 24 invasion, Baykar had agreed to build its second manufacturing plant in Ukraine.3 months ago Investing.com UK
© ReutersMS +0.92% Add to/Remove from a Portfolio CRCW 7.53% Add to/Remove from a Portfolio USDT/USD 0% Add to/Remove from a Portfolio CHNA 0.00% Add to/Remove from a Portfolio VOWG_p +1.03% Add to/Remove from a Portfolio TSLA +8.08% Add to/Remove from a PortfolioBy Geoffrey SmithInvesting.com -- First the good news: 2022, a nightmare year for both stocks and bonds, is nearly over. Now the bad news: while 2023 is likely to be better, it won’t really seem that way for a while. At least not until the great disconnect between central banks and markets over the outlook for inflation is resolved. Central banks, markets face off over inflation/recessionWithout a doubt, the overarching market theme next year will be the battle between central banks and inflation. The trouble is, markets believe that both institutions are either bluffing or have simply not thought such rhetoric through.1 month ago Investing.com UK
The FTSE 100 is now around 40 points to the good with record profits from oil major Shell PLC also lifting the mood. Shell PLC remained a firm feature, up 2% after reporting record profits and a US$4bn share buy-back. 8.17am: FTSE higher with rate calls taking centre stageFTSE 100 pushed higher as investors took heart from a slower pace of rate rises in the US and awaited the latest monetary policy moves in the UK and Europe. Ahead of this, record profits from Shell PLC caught the eye. Ahead of that and trading updates are expected from two of the FTSE 100’s best known names, Shell PLC and BT Group PLC.2 days ago Investing.com UK
ReutersRalph Lauren Accused Of Plagiarizing Indigenous DesignsThe wife of Mexico's president accused luxury brand Ralph Lauren Corp (NYSE: NYSE: ) of plagiarizing indigenous designs. (NYSE: NYSE: ) of plagiarizing indigenous designs. (NYSE: NYSE: ), (NASDAQ: BNTX), (NASDAQ: MRNA), and (NASDAQ: NVAX) could possibly raise prices to meet Wall Street forecasts. BenzingaAmazon Takes Legal Action Against Fake Review BrokersAmazon.com Inc (NASDAQ: ) (NASDAQ: AMZN) filed legal complaints in Italy and Spain in its global bid to shut down fake review brokers. Several LinkedIn accounts claimed to be employees at Apple Inc (NASDAQ: ) (NASDAQ: AAPL), and Amazon.com Inc were drastically culled overnight, reportedly due to an initiative to ban bots from the platform.3 months ago Investing.com UK