London stocks gain on Christmas Eve, Vistry falls on profit warning
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 24 2024
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Source: Reuters
FTSE 100 Performance: The UK's FTSE 100 index rose by 0.4% amid thin trading volumes, marking its largest one-day gain in over two weeks, while the midcap FTSE 250 increased by 0.8%. However, homebuilder Vistry's shares fell 16.3% after issuing a profit warning.
Economic Outlook: The British economy is losing momentum, with concerns heightened by tax increases announced in October and cautious monetary policy from central banks, including the Bank of England maintaining key rates.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
