Romain Fournier

Chief Editor
Having worked in the British, French and Swiss financial press, Romain is able to report on local and international issues, as comfortable in French as in the language of Shakespeare, Romain Fournier leads the editorial team at Marketscreener. Fine connoisseur of the English-speaking markets, Romain delivers an editorial every day on US and UK markets.

The FTSE struggles for direction ahead of Jubilee bank holiday

06/01/2022 | 04:49am EDT

The difficult month of May has finally come to an end, with the FTSE 100 gaining 1.0%. The last few days of the months helped recoup some of the losses incurred earlier. Yesterday, data showing high inflation in Europe renewed fears about the impact of rising prices on the global economy.

The FTSE 100 was down 0.4%, on the last trading session of the week, since UK markets will be closed on Thursday and Friday for Queen Elizabeth's Platinum Jubilee bank holiday.

Among stocks, Dr. Martens jumped about 20% after posting upbeat annual revenue growth, supported by increases in product prices.

However, BT Group inched down 0.2% after an investigation was announced by the UK competition watchdog over a deal to combine its sports broadcasting business with Warner Bros Discovery.

In other news, Tullow Oil and Capricorn Energy have unveiled a merger deal valuing the new entity at about £1.4 billion.

 

Things to read today:

UK and EU hit Russian oil cargoes with insurance ban (Financial Times)

Why activist investor Nelson Peltz joined Unilever (WSJ)

Half-Point ECB Hike Needed After Inflation Record, Holzmann Says (Bloomberg)


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Stocks mentioned in the article
ChangeLast1st jan.
BT GROUP PLC -0.22% 159.2 Delayed Quote.-5.90%
CAPRICORN ENERGY PLC 0.27% 220 Delayed Quote.16.52%
DISCOVERY LIMITED 2.95% 127.9 End-of-day quote.-10.91%
DR. MARTENS PLC 0.93% 259.6 Delayed Quote.-39.91%
FTSE 100 0.57% 7482.37 Delayed Quote.0.75%
TULLOW OIL PLC -0.58% 51.8 Delayed Quote.12.16%
WARNER BROS. DISCOVERY, INC. -16.53% 14.59 End-of-day quote.-38.02%