The FTSE 100 fell by 112 points to 10,397 following the Bank of England's decision to hold interest rates steady, with a 7-2 vote split indicating some pressure for hikes. The market was also impacted by falling oil prices after the US and Iran signed a ceasefire agreement, reopening the Strait of Hormuz and easing geopolitical tensions. However, concerns about future US Federal Reserve rate hikes and mixed corporate earnings, including Tesco's slower sales growth, weighed on investor sentiment. Looking ahead, investors will watch for further central bank signals and the progress of the US-Iran negotiations, which currently include a 60-day framework for a permanent deal.
UK retail sales showed improvement in June, driven by stronger demand for non-food items and increased online shopping. Analysts at Citi highlighted that retailers like Currys, Tesco, and Kingfisher are set to benefit from this trend, especially in e...
Tractor Supply Company, the largest rural lifestyle retailer in the U.S., has partnered with Instacart to offer same-day delivery from over 2,400 stores nationwide. Customers can now order a wide range of products including pet supplies, livestock fe...
