Market news - Halifax

Stocks fall as FTSE 250 reacts to oil price surge

London stocks fell last week with the FTSE 250 index affected by rising oil prices ahead of the UK budget. Rolls-Royce shares dropped due to a warning from Safran, while energy sector stocks rose. Banks and resource-related companies contributed to a general drop in stock values. Computacenter boosted its profit forecast due to growing orders for AI services, and Plus500 enhanced 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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