Market news - Halifax

London stocks drop amid rising oil prices

London experienced a decline last week with the FTSE 250 index impacted by escalating oil prices ahead of the UK budget. Rolls-Royce shares dropped due to a warning from Safran, while energy sector stocks increased. Banks and commodity-linked companies contributed to a general drop in stock values. Computacenter increased its profit forecast due to rising orders for AI services, and Plus500 improved its annual outlook following a rise in new customer registrations. Oil prices continued to rise amid tensions between Iran and the US.

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