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LSE:CCR 23 January 2026

UK stock market today: FTSE 100 slips as upbeat UK data meets rate-cut doubts; Babcock, C&C move

UK stock market today: FTSE 100 slips as upbeat UK data meets rate-cut doubts; Babcock, C&C move

The FTSE 100 fell 0.13% to 10,136.43 on Friday, reversing early gains as strong UK retail sales and a jump in business activity fueled speculation the Bank of England may delay rate cuts. Retail sales rose 0.4% in December, beating forecasts, while the UK Composite PMI hit 53.9, its highest since April 2024. Babcock shares slipped 1.2% after its CEO announced plans to retire. C&C Group dropped 9.6% on a profit warning.
23 January 2026
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Stock Market Today

  • Nasdaq Falls as Super Micro AI Chip Smuggling Charges Hit Market
    March 20, 2026, 12:01 PM EDT. The Nasdaq composite dropped about 1% on March 20, 2026, led by a sharp 28.37% plunge in Super Micro Computer shares following charges against its co-founder for conspiring to smuggle $2.5 billion of Nvidia AI chips to China. The indictment alleges complex export control violations, involving fake shipping documents and label swapping to mask shipments through Southeast Asia. Nvidia shares fell 1.66% given their exposure to Super Micro, and AMD dropped 2.32% amid sector-wide unease. The Invesco QQQ Trust also slipped 1%, extending its four-week losing streak amid ongoing geopolitical strains, including Iran tensions and volatile oil prices. Analysts question Super Micro's credibility and internal controls despite the charges targeting individuals rather than the firm itself.
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