The FTSE 100 is down this morning fell on Friday morning, after some troubling signals from mortgage lenders overnight.
HSBC and Nationwide have both shaken up their mortgage offerings over the last day, with HSBC withdrawing new deals for buy-to-let and residential products and Nationwide bumping their rates – all in anticipation of a further interest rate rises from the Bank of England.
Turning to equities now, Tesco shares have slipped this morning after consumer group Which? complained to regulators that the lack of unit prices on Clubcard deals could be illegal.
Shell and BP stocks are also down as the Treasury announced the windfall tax on North Sea oil and gas would remain in place until March 2028 as planned and then only be removed if prices stay low for a sustained period.
Payment solutions firm Network International jumped meanwhile, after announcing it had accepted a £2.2bn takeover bid from Canada’s Brookfield Asset Management.
And in small caps, European Metals have announced this morning that they’ve secured the land they need to build the lithium processing plant for their Cinovec mine in the Czech republic. And you can watch my interview with Executive Chairman Keith Coughlan later today.
#ProactiveInvestors #FTSE100
#invest #investing #investment #investor #stockmarket #stocks #stock #stockmarketnews