The FTSE 100 dropped over 120 points to 10,388 following the Bank of England's decision to keep interest rates steady at 3.75%. The market was also influenced by falling oil prices after the US and Iran signed a ceasefire agreement, easing tensions and lowering energy costs. Despite some positive signs like UK unemployment holding steady at 4.9%, investors remain cautious amid mixed corporate results and ongoing geopolitical uncertainties. The Bank of England signaled readiness to act if inflation risks rise, but for now, rates are on hold as the economic outlook remains uncertain.
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...
