Good morning from London, where murmurings of further interest rate hikes across the Atlantic have pushed the FTSE 100 down so far today, as US central bankers continue to try and bring down stubbornly high inflation.
Here in the City, Curry’s have had a difficult morning as shares in the electricals retailer plummeted on reports of a statutory pre-tax loss for the year, compared to a £126mln profit in 2022.
Oil major Shell stock also started the day lower after CEO Wael Sawan publicly contradicted the Head of the UN António Guterres by saying that it would not be "economic and moral madness" to keep investing in new oil projects, but instead ‘dangerous and irresponsible’ to do anything else.
Also taking a tumble was Jet2, despite reporting a return to profit in a market still benefiting from a post-Covid boom.
Investment firm Man Group shares are up meanwhile, after securing a controlling stake in US private credit company Varagon Capital Partners for US$183mln.
Elsewhere, Meta boss Mark Zuckerberg revealed 10mln users signed up to the firms Twitter-rivalling Threads app in its first hour online.
And finally with the small caps, Graft Polymer jumped after announcing a research, development and supply contract with Austria’s Gabriel Chemie.
That’s all for this morning, I’ll see you again tomorrow.
#ProactiveInvestors #FTSE100 #invest #investing #investment #investor #stockmarket #stocks #stock #stockmarketnews