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LSE:WICK 26 May 2026

FTSE Opens Up as Oil Moves, But Investors on Watch

FTSE Opens Up as Oil Moves, But Investors on Watch

The FTSE 100 rose 0.86% to 10,556.60 after the spring bank holiday, led by gains in Kingfisher and oil-linked stocks. Kingfisher reported a 0.7% drop in first-quarter like-for-like sales but kept its profit target. Brent crude climbed over 2% to $98.21 after U.S. strikes in southern Iran. UK shop prices rose 1.2% in May from a year earlier, the British Retail Consortium said.
26 May 2026
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Latest articles

Ulta Beauty Raises Outlook, Shares Jump on Steady Beauty Demand

Ulta Beauty Raises Outlook, Shares Jump on Steady Beauty Demand

2 June 2026
Ulta Beauty shares jumped 7% in extended trading after quarterly earnings and comparable sales beat estimates, prompting the company to raise its full-year profit forecast as shoppers spent more on higher-priced beauty products; net income climbed to $340.5 million and gross margin improved to 40.1%, though Ulta warned inflation and macro pressures could impact future spending.
GitLab shares rise on stronger AI outlook, 350 layoffs announced

GitLab shares rise on stronger AI outlook, 350 layoffs announced

2 June 2026
GitLab shares jumped 7% in late trading after beating Wall Street sales estimates and raising its annual forecast, as investors weigh whether its AI-powered Duo Agent Platform can boost growth amid a 14% workforce cut and continued competition from Microsoft’s GitHub.
Rocket One shares surge 66% on AI-space move

Rocket One shares surge 66% on AI-space move

2 June 2026
RKTO soared 65.7% to $2.22 on heavy volume after naming Dr. Supriyo Bandyopadhyay as lead technical adviser for early-stage nanomagnetic AI tech, but filings warn of no commercial product, substantial capital needs, and “substantial doubt” about its ability to continue as a going concern.
Nike shares drop toward 52-week low as Wall Street frustration shows

Nike shares drop toward 52-week low as Wall Street frustration shows

2 June 2026
NIKE shares plunged 4.8% to $43.73, nearing a 52-week low, as investors doubted CEO Elliott Hill’s turnaround ahead of the critical June 30 earnings report; weak sales, falling margins, and sliding global market share fueled the selloff, while short interest climbed to 4.67% of shares outstanding.
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