UBS forecasts the FTSE 100 to reach 11,300 by June 2027, up 9% from current levels, supported by strong earnings growth mainly from commodity sectors. The bank sees earnings rising 11% in 2026 and another 10% in 2027, despite expected oil price declines. However, UBS maintains a neutral rating on UK equities, citing better opportunities elsewhere. Two scenarios are outlined: an optimistic case with stronger global growth and higher commodity prices pushing the index to 12,300, and a pessimistic case with weaker growth and lower commodity prices causing a drop to 7,700.
Sodexo has secured a major global contract to provide catering services across more than 130 Meta sites in over 30 countries. This large-scale partnership includes diverse locations such as headquarters, campuses, data centers, and conference centers...
Frasers Group PLC has withheld financial guidance for the upcoming year due to uncertainty around its takeover bids for Hugo Boss and Accent Group. The retailer's full-year adjusted profit before tax fell 4% to £538 million, impacted by asset impairm...
Ethereum rose 3.17% to $1,923.53, outperforming Bitcoin's modest 0.18% gain to $64,588.87, signaling an early rotation toward large-cap altcoins. Despite this, overall market activity slowed, with declines in DeFi, stablecoin, and derivatives trading...
Gabriel Holding A/S has agreed to sell its European FurnMaster furniture manufacturing operations, including subsidiaries in Poland and Lithuania, to Leggett & Platt for an initial price of approximately EUR 9 million, with a possible additional paym...
A Gaza resident raised over £55,000 on GoFundMe to support his family but faced issues as the platform cannot pay directly to Gaza, forcing funds through intermediaries who failed to deliver the full amount. This highlights a broader problem in human...
