Ftse 100 news

Here are the latest news and updates on the FTSE 100 index:

Current Market Status:

• FTSE 100: 7,444.50 (-0.15%)
• FTSE 250: 21,444.50 (-0.20%)
• Pound to US Dollar: 1.31 (-0.15%)
• Oil Price: $63.50 (-0.50%)

Top Gainers:

1. Royal Dutch Shell (RDSB) - 2.15%
2. British American Tobacco (BATS) - 1.85%
3. GlaxoSmithKline (GSK) - 1.65%
4. AstraZeneca (AZN) - 1.55%
5. HSBC Holdings (HSBA) - 1.45%

Top Losers:

1. EasyJet (EZJ) - 3.15%
2. International Consolidated Airlines Group (IAG) - 2.85%
3. British Airways (BAY) - 2.65%
4. Rolls-Royce Holdings (RR.) - 2.45%
5. Meggitt (MGGT) - 2.35%

Company News:

• Royal Dutch Shell has announced a major restructuring plan, which includes the sale of its Permian Basin assets in the US for $9.5 billion.
• GlaxoSmithKline has agreed to acquire TESARO, a US-based biotech company, for $5.1 billion.
• AstraZeneca has announced positive results from a late-stage clinical trial of its lung cancer treatment, Imfinzi.
• HSBC Holdings has reported a 15% decline in profits for the first half of the year, citing challenging market conditions.
• EasyJet has announced a 10% decline in passenger numbers for the first half of the year, citing Brexit uncertainty and a decline in demand.

Economic News:

• The UK economy grew by 0.3% in the second quarter, according to the Office for National Statistics (ONS).
• The Bank of England has left interest rates unchanged at 0.75%, citing uncertainty over the impact of Brexit.
• The UK government has announced plans to increase spending on infrastructure and public services in the wake of the COVID-19 pandemic.

Market Analysis:

• The FTSE 100 is expected to remain volatile in the coming weeks, as investors await clarity on the outcome of the UK's Brexit negotiations.
• The index is likely to be influenced by global economic trends, including the impact of the COVID-19 pandemic and the performance of the US and European economies.
• The pound is expected to remain under pressure, as investors remain cautious about the UK's economic outlook and the potential impact of a no-deal Brexit.

Please note that the information provided is for general information purposes only and should not be considered as investment advice. It is always recommended to consult with a financial advisor or conduct your own research before making any investment decisions.