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London Shares - FTSE 100 Live 13 June: Index lower, Wise shares slide after results
Crest Nicholson and the fintech Wise are in the City spotlight following results-day punishment for their shares.The housebuilder reported softer trading conditions due to the delay in interest rate cuts and pre-election uncertainty.
Wise shares tumble as forecasts disappoint analysts
London’s largest listed fintech today saw its biggest-ever single-day share drop after a surge in profits was eclipsed by an earnings forecast that fell short of analyst expectations.
European shares slide as Fed trims rate-cut projections
European equities lost ground on Thursday, weighed down by elevated government bond yields after the U.S. Federal Reserve cut its interest rate cut projections to just one this year.
European stocks retreat after hawkish Fed; more inflation data in focus
European stock markets fell Thursday as a hawkish Federal Reserve raised concerns about the additional easing of monetary policy going forward. The U.S. Federal Reserve kept interest rates unchanged on Wednesday,