Get 40% Off
💰 Buffett reveals a $6.7B stake in Chubb. Copy the full portfolio for FREE with InvestingPro’s Stock Ideas toolCopy Portfolios

FTSE 100 live: London set for another record after Apple reassures

Published 03/05/2024, 07:53
© Reuters.  FTSE 100 live: London set for another record after Apple reassures
UK100
-
IHG
-
AAPL
-
DGE
-

Proactive Investors - FTSE 100 is heading for another record this morning according to the financial spread betters after Apple (NASDAQ:AAPL) helped steady Wall Street overnight.

On Thursday, London's blue-chip index closed at a new record high of 8,172, up 51, and Footsie was being tipped to add 20 points at the opening bell

A solid update from Intercontinental Hotels Group (LON:IHG) should help the mood. Spirits giant Diageo (LON:DGE) might also perk up with the appointment of a new finance head.

Overnight, Apple picked up as it shrugged off reports of tumbling iPhone sales to post better-than-expected earnings and sales.

In a move signalling the tech giant's confidence in its financial position, Apple also authorised an additional US$110 billion for share buybacks.

Read more on Proactive Investors UK

Disclaimer

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.