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.
Tractor Supply Co. was upgraded to a buy rating as its valuation compressed to 14 times earnings despite facing cyclical headwinds like higher fuel costs and softness in the pet market. In Q1, the company posted modest 3.6% revenue growth, with compa...
Tesco reported first-quarter sales that met expectations, with UK like-for-like sales up 1.8% but slightly below consensus. Despite this, brokers like Deutsche Bank and Citi remain optimistic, highlighting strong profit and cash generation, inflation...
Tesco's Q1 like-for-like sales growth slowed to 1.8% from 3.1% last quarter and 5.1% a year ago, impacted by tough comparisons including warm weather and rival disruptions. Analysts highlight that on a two-year basis, sales are up 6.9%, indicating Te...
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 signe...
Tesco reported a slowdown in first-quarter sales growth, with group like-for-like sales rising 1.0% compared to 3.5% last year. Despite this, the UK grocery giant maintained its profit guidance for the 2026-27 financial year, expecting adjusted opera...
