Proactive Investors - Finance
02 Jun 2026, 09:41 UTC · 1h ago
FTSE 100 Live: Miners rise and oil giants fall, BAT and Chemring disappoint
Proactive Investors - Finance
02 Jun 2026, 09:41 UTC · 1h ago
Story key points
5 claims · impact-rated
STMicroelectronics raised its data center revenue target to $1 billion due to strong AI demand. — A significant upward revision in revenue targets for a major semiconductor firm validates the strength of the AI infrastructure trade.
+0.60Elementis completed the sale of its pharmaceutical manufacturing business and will return the ~€30 million proceeds to shareholders via a buyback. — Direct capital return to shareholders and an improvement in operating margins typically act as a positive catalyst for the specific stock.
+0.40UK mortgage approvals for April rose to 65,900, exceeding market expectations of 62,000. — Higher than expected approvals suggest resilience in the housing market despite higher borrowing costs.
+0.30Continue reading
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Net mortgage lending in the UK slowed sharply to £4.4 billion in April, falling short of the £5.2 billion consensus forecast. — A sharp decline in net lending indicates a cooling of credit growth and a more cautious borrowing environment.
-0.20Chemring shares fell 5% following the release of its results. — Immediate negative price action following a financial reporting event indicates market disappointment.
-0.20Ticker attribution
Model heads
Up 6.2% following a business sale and the confirmation of a share buyback.
Stock rose 8.2% after raising data centre revenue targets due to strong AI demand.
Described as powering Wall Street's gains overnight.
Topped the Stoxx 600 as a top riser after being given more time to sell its stake in Delivery Hero.
Share price is down 5% following its results.
Mentioned positively in the context of an $80 billion AI investment.
The company is specifically mentioned as a fall contributing to the London index lagging.
Mentioned as the buyer of Elementis's pharmaceutical business.
Mentioned neutrally in the context of Prosus selling its stake.
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