Market news - Halifax

Stocks fall as FTSE 250 reacts to oil price surge

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

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