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The Markets
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Coverage of London’s small caps continues on proactiveinvestors.com
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The Markets
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The Markets
by Proactive
Proactive UK has moved.
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FTSE continues to fly, BP fails to impress - Market Report

FTSE continues to fly, BP fails to impress - Market Report

The FTSE 100 looked to break new highs yet again as the market opened, this time topping the 8,300 mark.

BP shares failed to contribute to the gains though, as the oil major fell after reporting a significant fall in first-quarter profit and revealing plans to save US$2 billion by late 2026.

Retail sales and house price data unveiled on Tuesday were also skewed, with the former showing a 4.4% fall in April against a year earlier, according to the British Retail Consortium.

House prices increased by 1.1% over the month against a year earlier, but climbed just 0.1% from March, Halifax said, with analysts warning high mortgage rates were still hitting.

Finally, elsewhere, UBS outdid expectations with a first quarterly profit of US$1.8 billion since overtaking Swiss rival Credit Suisse.

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