MARKET REPORT: FTSE keeps on falling as rate cut hopes recede - News Summed Up

MARKET REPORT: FTSE keeps on falling as rate cut hopes recede


The FTSE 100 suffered its longest losing streak since February as hopes fade over early interest rate cuts. The FTSE 250 rose 0.7 per cent, or 139.63 points, to 20,770.93.6. Meanwhile, AJ Bell slid after founder Andy Bell sold nearly £30million worth – 7.5million at 375p each – but still has an 18.7 per cent stake. Ukrainian miner Ferrexpo has extended its partnership with one of Europe's largest steel producers, supplying iron ore pellets to Germany's Salzgitter. Pensionbee – down 1.7 per cent, or 2.5p, to 146.5p – is awaiting regulatory approval for a deal to work with a large US institution.


Source: Daily Mail May 25, 2024 08:39 UTC



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