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FTSE 100 nears record highs as Unilever soars on best quarter in a decade, while US chip stocks fall amid AI competition concerns.

Market News
28 Jul 2026
Proactive Investors - Finance
View Source
Bullish
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The FTSE 100 index rose 98 points to 10,880, nearing its all-time high, driven by strong quarterly results from Unilever, which posted its best volume growth in over ten years. Other notable gainers included GSK, Diageo, and Croda, buoyed by positive earnings and strategic investments. Meanwhile, US semiconductor stocks fell sharply due to intensified competition in AI chipmaking, highlighted by Chinese chipmaker CXMT's strong market debut. Market watchers are also focused on the US Federal Reserve's policy meeting and geopolitical developments affecting oil prices and global trade routes.

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