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The FTSE 100 fell on Thursday, as a sharp rise in oil prices and renewed selling in global bonds heightened concerns over inflation and interest rates. UK 10-year gilt yields were at around 5.35%, close to the 19-year highs reached earlier this month. Brent crude jumped toward $108 a barrel after an adviser to Iran’s S
* Airtel Africa falls 2.8% to 339.4p; top loser on FTSE 100 index * Bloomberg News reported on Thursday that Airtel Africa unit Airtel Money was considering downsizing its London IPO * Airtel Money now seeks to raise at least $800 mln, substantially below its previous target of $1.5 bln-$2 bln, according to the report
The FTSE 100 fell 0.4% on Tuesday after gaining 0.4% in the previous session, as rising oil prices and weak UK employment data weighed on sentiment. Brent crude traded near $108 a barrel, while investors assessed how long Saudi Arabia’s key oil pipeline could remain closed. Meanwhile, UK payrolls fell by 26,000 in Augu
London shares hovered around one-month lows as oil prices continued to fuel inflation worries. The FTSE 100 fell 0.4% to 10,627.80 points by 0946 GMT, with energy stocks helping limit losses.
Walmart shares fall around 10% after the retailer reports second-quarter adjusted EPS of 81 cents and sales of $187.9 billion, while third-quarter guidance comes in below estimates.
JD Sports plunges more than 10% after lowering its profit outlook, while the FTSE 100 declines and mining and oil stocks also move lower.
The FTSE 100 drops more than 0.5% on Thursday, extending a four-session decline, as weaker commodity prices offset stronger-than-expected UK GDP data.
U.S. stocks traded mostly lower midway through trading, with the Nasdaq Composite falling around 1% on Thursday. The Dow traded down 0.07% to 52,619.72 while the NASDAQ dipped 0.96% to 26,017.62. The S&P 500 also fell, dropping, 0.36% to 7,545.24. Leading and Lagging Sectors Health care shares jumped by 2.2% on Thursda