Here are the top 5 news stories from the markets live blog:
- Vistry Group Issues Third Profit Warning: Vistry Group has issued its third profit warning in three months, cutting its adjusted profit before tax to £250m from £300m. This is a significant downgrade and has sent shares plummeting to over a two-year low.
- Brazil Shuts BYD Factory Site: Brazilian authorities have stopped the construction of a factory for Chinese electric vehicle giant BYD due to poor working conditions. Over 160 workers were rescued, and BYD has cut ties with the firm involved.
- Traders Hope for Santa Rally: Despite a tough week, traders are hoping for a late Santa rally ahead of the festive break. The S&P 500 rebounded 0.73% on Monday, while the Nasdaq 100 rallied more than 1%.
- FTSE 100 Best Performing Stocks of 2024: A number of FTSE 100 stocks have delivered standout returns this year, including Novo Nordisk, which has jumped over 5.5%. The UK’s blue-chip index is up 5% year-to-date.
- Brazilian Authorities Crack Down on BYD Factory: Brazilian authorities have stopped the construction of a factory for Chinese electric vehicle giant BYD due to poor working conditions. Over 160 workers were rescued, and BYD has cut ties with the firm involved.
These stories highlight some of the key developments in the markets and economy today.