Index Builds on record, Bitcoin over 90,000 US dollars

08:18

The largest structural steel entrepreneur in Great Britain, Severfield, to which the Emirates Stadium of Arsenal also includes its projects, warned of lower profits in a “challenging” market.

The company was affected by new projects that were “put into the queue,” in accordance with the currently lower business confidence in the British economy as a whole “.

It is said that the market conditions in Great Britain and all over Europe have “not shown any signs of improvement, with pricing in a competitive market longer than expected at a stricter level and the project opportunities are either canceled or delayed.”

The shares sagged 42% or 19.9p to 27.8p.

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07:53 Present Graeme Evans

The record on Friday for the FTSE 100 index follows a rare outperformance through European markets about Wall Street colleagues in February.

Deutsche Bank pointed out this morning that the great seven fell by 8.7%, the worst month for the band of the Mega cap shares since December 2022.

The US stocks pulled their losses wider, with the S&P index by 1.4% and the NASDAQ 4% lower.

The risk -averse mood reflected the uncertainty about the economic effects of the Canada and Mexico tariffs of this month and some weaker data.

The developments will focus on the US Job Market Report on Friday and a speech on the same day of the US Federal Reserve Chairman Jerome Powell.

Deutsche Bank expects the unemployment rate to increase by a tenth to 4.1%in February with a growth of the salary statements of 160,000 until 143,000.

07:33 Present Graeme Evans

Bunzl, which supports the company with significant products and services, has lifted its dividend for a 32nd year in the series.

In today's annual results, the flat revenue from £ 11.8 billion voted to increase the adjusted operating profit by 3.4% to 976.1 million GBP. The total dividend is 8.2% higher for 73.9 PA shares.

Guidelines for 2025 indicate “robust” sales growth and a operating range in harmony with 2024.

Managing Director Frank van Zanten reported one year with significant strategic advances, including a record year for acquisition expenditure of 883 million GBP.

He added: “Bunzl has delivered a significant shareholder value over a longer period of time, with an annual growth of the adjusted profit per share of 9% since 2004.

“In 2024 we expanded our success story of annual dividend growth to 32 consecutive years, which reflects our resilient business model.”

07:07 Present Graeme Evans

The story continues