London stocks hit new record at open
The London stock market struck a new record peak in opening deals on Wednesday (Apr 24), propelled by easing geopolitical tensions and interest rate cut hopes as inflation cools.
London’s benchmark FTSE 100 index of top companies rallied to an all-time pinnacle of 8,083.92, eclipsing the previous record that was set Tuesday.
The FTSE later stood at 8,071.51, up 0.3 per cent from Tuesday’s closing level.
Elsewhere, Frankfurt’s DAX gained 0.2 per cent to 18,173.29 at the open, while the Paris CAC 40 fell 0.2 per cent to 8,091.60 after French luxury group Kering issued a profit warning over slumping Gucci sales. AFP
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Adani in talks with banks to borrow US$600 million for gas unit
It is time to put idle cash back into the market
China’s CICC demotes senior bankers, cuts pay to slash costs
China’s Sinopec in talks for gas offtake, stake in Canada’s Cedar LNG
Chinese tariffs could leave cognac makers with too much brandy
Citi promotes Damien Tan to corporate banking head for Singapore