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FTSE 100 live: Index to open lower, Oil price weak, Berkshire posts record profits

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FTSE 100 live: Index to open lower, Oil price weak, Berkshire posts record profits By Proactive Investors

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Published Feb 26, 2024 07:17
Updated Feb 26, 2024 07:40

© Reuters. FTSE 100 live: Index to open lower, Oil price weak, Berkshire posts record profits

Proactive Investors – Blue chips in London were tipped to open modestly lower despite last week’s records in Europe, Japan and on Wall Street.

Footsie was being called around fifteen points lower after mixed trading on Asia overnight.

Japan was an exception as it continued to hit new highs with the Nikkei in sight of 40,000 for the first time heading towards the close.

Oil prices were also lower on Monday as the dollar rose on growing speculation that higher-than-expected inflation could delay cuts to US interest rates.

Over the weekend Warren Buffett’s Berkshire Hathaway (NYSE:BRKa) produced record profits but the legendary investor suggested the days of bumper returns from his financial vehicle might be passed.

This morning, FTSE 100 group Bunzl (LON:BNZL) reported adjusted profits up 3% at £853 million.

Read more on Proactive Investors UK

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FTSE 100 live: Index to open lower, Oil price weak, Berkshire posts record profits

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