FTSE 100 Starts Week Flat, With Oil-Stock Gains Offset by Falls Elsewhere - News Summed Up

FTSE 100 Starts Week Flat, With Oil-Stock Gains Offset by Falls Elsewhere


---Safestay Expects to Beat Market Revenue ForecastSafestay expects to beat revenue forecast for last year, which it said reflects recovery from the pandemic. The gilt sale program, also known as quantitative tightening, has the effect of tightening monetary policy and liquidity conditions. The BOE is likely to continue its quantitative tightening program for longer than the U.S. Federal Reserve and the European Central Bank, Danske Bank says. (miriam.mukuru@wsj.com)---Superdry Gains After Flagging Possible Cost Cuts1413 GMT - Superdry shares rise 5% after the fashion retailer said it was considering various "material" cost-cutting measures. (philip.waller@wsj.com)---Serabi Gold Loses Sparkle After 4Q Output Falls Short1339 GMT - Serabi Gold shares drop 12% to 38 pence after the Brazilian gold miner reported worse-than-expected fourth-quarter production.


Source: Wall Street Journal January 29, 2024 18:31 UTC



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