One of the London Stock Exchange’s oldest constituents is facing pressure to move its listing to the US after announcing a break-up plan. Smiths Group, the 174-year-old FTSE 100 industrial conglomerate, said it planned to spin off two of its four divisions after a strategic review.
Britain's benchmark index hit a record high on Friday and was set to log its best month in more than two years, while investors prepared for the Bank of England's rate decision next week.
FTSE strikes another record high as Wall Street makes gains - London’s top index finished 27.08 points, or 0.31%, higher, to end the day at 8,673.96.
Britain's benchmark index touched a record high on Thursday as investors cheered a healthy set of corporate updates, while comments by U.S. Federal Reserve Chair Jerome Powell also soothed markets. The blue-chip FTSE 100 touched a record-high and is set to log its fourth straight session of gains.
Tech stock sell off over AI investment fears and the expectation of cheaper borrowing through more interest rate cuts are boosting the Financial Times Stock Exchange (FTSE) 100.
The FTSE 100 pushed further into record territory as trading got underway on Friday, climbing 25 points to a new all-time high of 8,671. Smiths Group (LON: SMIN) PLC surged 14.7% to head the early risers after detailing plans for a strategic shift, which it said would unlock significant value.
London Stock Exchange Group PLC LSEG shares inched up 0.85% to £118.00 Tuesday, on what proved to be an all-around favorable trading session for the stock market, with the FTSE 100 Index UKX rising 0.
Shares of London Stock Exchange Group PLC LSEG dropped 1.22% to £117.75 Friday, on what proved to be an all-around grim trading session for the stock market, with the FTSE 100 Index UKX falling 0.73% to 8,
Smiths Group propped up the FTSE 100, rising more than 14% after the opening bell following news it had responded to activist investor calls to split up its business.
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One of Britain’s oldest industrial manufacturers has become the latest major listed company to say it is leaving the stock market.
Shell shares have risen 13p to 2608p as the promise of another $3.5 billion buyback offset a bigger-than-expected fall in fourth quarter profits. The results by BT Group left its shares 4% or 6.1p lower at 140p, reflecting disappointment over a 3% drop in third quarter revenues to £5.2 billion.