FTSE 100 Rises as Oil, Mining Stocks Gain Ahead of Powell Speech - News Summed Up

FTSE 100 Rises as Oil, Mining Stocks Gain Ahead of Powell Speech


FTSE 100 Rises as Oil, Mining Stocks Gain Ahead of Powell Speech0836 GMT - The FTSE 100 rises 0.3% to 7352.74, led by gains in heavyweight oil and mining stocks as the price of a barrel of Brent crude rises 0.9% to $83.71, while base-metal prices edge higher. Chilean miner Antofagasta rises 2% while oil giant BP is up 1.2%. Rolex's distribution consolidation through its own network would cannibalize other retail players, including Watches of Switzerland, they say. RBC has an outperform rating on Watches of Switzerland stock and a price target of 900 pence. (michael.susin@wsj.com)---Moneysupermarket.com Share Price Doesn't Reflect Potential0740 GMT - Moneysupermarket.com's positive first-half results and its commitment to invest in its product aren't adequately reflected in the current share price, Shore Capital analyst Roddy Davidson writes in a research note.


Source: Wall Street Journal August 25, 2023 10:11 UTC



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