Trending tickers: Bitcoin | BYD | BP | Marks and Spencer – Yahoo Finance UK

Even as inflation fell from double-digits to 3.9%, there are many families that are still being squeezed by the cost of living
Bitcoin surged above $45,000 for the first time since April 2022 amid renewed optimism around the possible approval of spot bitcoin exchange-traded funds (ETF).
Despite multiple rejections in recent years, there is growing anticipation that the US Securities and Exchange Commission (SEC) might approve some of the 13 proposed spot bitcoin ETFs as early as 10 January.
Jupiter Zheng, partner of liquid funds at HashKey Capital, told news agency Reuters that the cryptocurrency market is likely to see positive momentum in 2024.
Read more: FTSE wavers and European stocks rise as UK manufacturing slips into red
"The crypto market is set to experience notable growth this year, with key influencing factors being the influx of investment funds from spot ETFs, Bitcoin halving, and a more accommodative monetary policy both in the United States and worldwide," he said.
Shares in Chinese automaker BYD were trending in after-hours trading after it announced it produced more than 3 million new electric vehicles (EVs) in 2023.
The figures put the Chinese electric car maker on track to takeover Tesla’s (TSLA) production for a second straight year.
Read more: Stocks that are trending today
The Shenzhen-based automaker said it sold about 1.6 million battery EVs as well as about 1.4 million plug-in hybrid EVs.
Tesla said it produced 1.35 million cars during the first three quarters of 2023. The US carmaker still hasn’t revealed figures for the full year but analysts tracking Elon Musk’s company expect it to have shifted around 483,200 units in the last quarter, according to estimates compiled by Bloomberg.
Shares in BP rose by over 1% after oil prices jumped as a result of potential supply disruptions in the Middle East and expectations of an economic stimulus from China, the world’s top crude importer.
The price of Brent crude (BZ=F) rose 2.4% to $78.87 in early trading after Iran sent a warship into the Red Sea increasing fears of an escalation in hostilities.
Read more: UK house buying activity drops almost a third in a year as interest rates bite
Some shipping companies have paused sailings on the route, in favour of a much longer trip around the tip of Africa. Rerouting the vessels will add time and expense for shipping companies.
Marks and Spencer has risen to top the FTSE 100 after BNP Paribas Exane raised the retailer’s stock rating to “outperform” from “neutral”.
BNP Paribas Exane named M&S among its top picks in the European retail industry for 2024 and a potential winner from the Christmas period.
Marks and Spencer’s chairperson said the department store chain is on path to become a “global brand”, adding that the company was planning a further international expansion.
"We would like Marks & Spencer to be here for another 100 years, but to do that it has ultimately got to become a global brand,” Archie Norman told The Times.
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Markets were in the red on the first trading day of the year.
Food prices fell sharply in December as discounters competed against each other to attract Christmas shoppers.
(Bloomberg) — A host of new institutional investors including pension funds and registered investment adviser-based vehicles will flock to Bitcoin assets if US regulators approve the first-ever spot exchange-traded fund for the cryptocurrency, according to CBOE Digital’s president. Most Read from BloombergIran Sends Warship to Red Sea After US Sinks Houthi BoatsTokyo Runway Collision Leaves 5 Dead, Aircraft AblazeHarvard’s President Claudine Gay to Resign After ControversyUS Pressured Netherlan
A survey of factory managers in China shows manufacturing contracted in December in the latest sign the world’s second-largest economy remains sluggish. The official purchasing managers index, or PMI, fell to 49 last month in what officials said was evidence of weak demand, the National Bureau of Statistics reported on Sunday. It was the third straight month of contraction.
Part of the reason so many lottery winners and heirs blow their windfalls shortly after getting rich is that they never learned the skills to manage, guard and grow that kind of money. The other…
In the run-up to the general election, Sir Keir Starmer will no doubt be looking back at Labour’s most successful leaders and asking himself how he can emulate their success.
Marks & Spencer shares hit a five-year high as investors predict the high street stalwart will be crowned the best-performing retailer over the Christmas period.
The number of new UK investment funds has reached its lowest level in two decades, as asset managers are hit by high costs.
Jon Smith explains how some FTSE stocks could possibly outperform the market in 2024 should we see interest rate cuts in the UK. The post These FTSE shares could soar if interest rates fall appeared first on The Motley Fool UK.
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But some brokers were sceptical of the timing of the cuts
BAE Systems shares rocketed in 2023 and should perform well this year as global tensions rise. But is there a better opportunity elsewhere? The post I’m tempted by BAE Systems shares but may buy this cheap FTSE 250 rival instead appeared first on The Motley Fool UK.
Research shows that in the past, the mid-cap FTSE 250 index has delivered strong returns in the years following a peak in UK interest rates. The post History shows that 2024 could be a big year for FTSE 250 stocks. Here are 3 to look at now appeared first on The Motley Fool UK.
Lenders have kicked off a new year “mortgage rates war” amid hopes the Bank of England will cut borrowing costs.
Sumayya Mansoor loves exploring potentially lucrative penny stock options for her holdings and explains why this pick could fit the bill. The post Here’s why this penny stock could fly high when the market rallies! appeared first on The Motley Fool UK.
It will stop the race to the bottom. It will make sure global multinationals finally pay their fair share. It will put a few tax “havens” out of business, and it will raise the money needed to preserve welfare states.
Fuel your caffeine addiction without torching your finances.
This FTSE 100 stock is carrying an enormous dividend yield at present. But do the risks outweigh the potential passive income rewards? The post Should I buy Imperial Brands shares for the 8.5% dividend yield? appeared first on The Motley Fool UK.
News of a winning media deal with Amazon could see Games Workshop's share price surge. But it's not the only reason I'm hopeful for the new year. The post 2024 could be the biggest year in history for the Games Workshop share price. Here’s why! appeared first on The Motley Fool UK.
Charlie Carman explores how much he could have made by investing £1,000 in the FTSE 100 last year and how the index might fare in 2024. The post If I’d put £1k in the FTSE 100 at the start of 2023, here’s how much I’d have now! appeared first on The Motley Fool UK.

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