Thursday's market movers and shakers
The US economy returned to growth in the third quarter, but US markets were broadly flat after Meta, the owner of Facebook, announced a big fall in profits. In the UK, shares were broadly flat. On the plus side, profits doubled at Shell; on the minus side, Lloyds warned the outlook for the UK was weak, and said house prices would fall 8% next year. The FTSE 100 closed up 17 points at 7,073, while the mid-cap FTSE 250 edged down 23 points to 18,082.
In today’s movers, investors were buying shares in estate agent Foxtons, even with the poor outlook for house prices. And we look at one retailer where the share price has more than halved in just one day.
Ed Bowsher
27 October 2022
Features
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