Advertisement
UK markets close in 8 hours 8 minutes

  • FTSE 100

    8,343.62
    +29.95 (+0.36%)
     

  • FTSE 250

    20,443.25
    +30.17 (+0.15%)
     

  • AIM

    775.83
    -0.59 (-0.08%)
     

  • GBP/EUR

    1.1618
    -0.0006 (-0.05%)
     

  • GBP/USD

    1.2485
    -0.0025 (-0.20%)
     

  • Bitcoin GBP

    49,954.85
    -958.66 (-1.88%)
     

  • CMC Crypto 200

    1,295.60
    +0.93 (+0.07%)
     

  • S&P 500

    5,187.70
    +6.96 (+0.13%)
     

  • DOW

    38,884.26
    +31.99 (+0.08%)
     

  • CRUDE OIL

    77.54
    -0.84 (-1.07%)
     

  • GOLD FUTURES

    2,320.90
    -3.30 (-0.14%)
     

  • NIKKEI 225

    38,202.37
    -632.73 (-1.63%)
     

  • HANG SENG

    18,345.35
    -134.02 (-0.73%)
     

  • DAX

    18,479.51
    +49.46 (+0.27%)
     

  • CAC 40

    8,094.58
    +18.90 (+0.23%)
     

Trending tickers: Apple | Google | Lockheed Martin | Melrose

Lucy Harley-McKeown
Updated ·2-min read
FILE - The Google logo is displayed at their offices, Nov. 1, 2018, in London. In a letter, Wednesday, Aug. 23, 2023, children’s advocacy groups including Fairplay and Common Sense Media asked the Federal Trade Commission to investigate Google, saying the tech giant serves personalized ads to kids on YouTube despite federal law prohibiting the practice. (AP Photo/Alastair Grant, File)

Lockheed Martin (LMT)

Lockheed Martin shares dropped after it said it will deliver fewer fighter jets this year than expected. It also said that its updated TR-3 jets (Technology Refresh) won't be ready until next year.

Stock was down around 4.8% by the end of the trading day in the US on Wednesday, bringing it to its lowest price in over a year. It looks set to recover some of those losses today as it rose in premarket trade.

Melrose Industries (MRO.L)

Aerospace supplier Melrose stock climbed on Thursday morning in London following news of a leadership shakeup. Its CEO and co-founder Simon Peckham will step down in March to be replaced by the company's COO Peter Dilnot.

ADVERTISEMENT

It also announced a $500m (£401.7m) share buyback while it lifted full-year profit expectations as it reaped benefits from better margins in its engines division.

Shares reached their highest level since February 2020, rising as much as 8% in early trade.

Apple (AAPL)

Tech darling Apple's shares pulled back 4% on Wednesday following a Wall Street Journal report that China had banned government officials from using the company's phones for work. This was part of a drive to improve cybersecurity and reduce foreign tech influence.

Premarket trading figures suggest it is set to open even lower on Thursday.

The news shook the stock price because Apple earns around a fifth of its revenues from China. It's a key manufacturing up and consumer market for the company.

Alphabet's Google (GOOG)

Google was also among the tech darlings in the limelight on Wednesday, as it was listed among companies as being one of six "gatekeepers" by the EU.

Alphabet (GOOG, GOOGL), Amazon (AMZN), Apple (AAPL), ByteDance, Meta (META), Microsoft (MSFT), and 22 of their "core platform services" must comply with the Digital Markets Act, a law passed in 2022 to promote competition.

The rules, which are enforceable starting in March, outline how technology companies should operate and establish penalties if they don't comply. That includes fines or a possible company breakup.

Watch: EU targets six 'gatekeepers' under its Digital Markets Act

Download the Yahoo Finance app, available for Apple and Android.