Full List Of Stories
Broker tips: Abrdn, Croda International, Petra Diamonds
Deutsche Bank downgraded Abrdn to 'sell' from 'hold' on Wednesday and cut its price target on the stock from 175. 0p to 135. 0p, arguing that accelerating stake sales won't offset wider headwinds.
US open: Stocks slightly higher following heavy losses in previous session
Wall Street stocks traded slightly higher on Wednesday following yesterday's heavy CPI-fuelled losses.
Berenberg raises target price on Petra Diamonds
Analysts at Berenberg raised their target price on diamond ming outfit Petra Diamonds from 107. 0p to 130. 0p on Wednesday, updating its model for the group following its full-year results.
US pre-open: Futures in the green following worst session in two years
Wall Street futures were in the green ahead of the bell on Wednesday, putting major indices on track to reclaim some of yesterday's heavy CPI-fuelled losses.
Inditex H1 sales rise, temporarily increases production
Fashion retailer Inditex said on Wednesday that profits and sales had surged in the six months ended 31 July as it revealed it had decided to up manufacturing in order to battle potential supply chain issues over the next six months.
JLEN Environmental to invest £26.7m into glasshouse construction project
Environment infrastructure fund JLEN Environmental Assets Group has agreed to invest as much as £26. 7m into the building of a glasshouse construction project and the supply of heat and power from its adjacent anaerobic digestion plant.
Aston Martin hit with £150m lawsuit from former dealers
Carmaker Aston Martin Lagonda has been slapped with a £150. 0m lawsuit from former dealers who claim they're owed the funds for underwriting the development of its embattled Valkyrie hypercar.
C&C Group H1 revenues rise, consumer spending squeeze slows on-trade momentum
Drinksmaker C&C Group said on Wednesday that interim net revenues had risen 35% year-on-year but cautioned that inflationary pressures on consumer spending had led to a slowdown in on-trade momentum.
Supermarket Income REIT acquires Llanelli Tesco
Real estate investor Supermarket Income REIT has acquired a Tesco supermarket in Llanelli, South Wales, for a total purchase price of £66. 8m.
Tullow Oil H1 gross profits surge as sales revenues grow
Exploration and production firm Tullow Oil said on Wednesday that sales revenues and gross profits had grown in the six months ended 30 June as the group's turnaround gained momentum throughout the period.
Rio Tinto launches Pilbara JV, Tullow Oil H1 profits surge
London pre-open The FTSE 100 was being called to open 58. 7 points lower ahead of the bell on Wednesday after closing out the previous session 1. 17% lower at 7,385. 86.
Rio Tinto strikes Pilbara JV agreement with China's Baowu
Mining giant Rio Tinto has formed a joint venture with China Baowu Steel Group to develop the Western Range iron ore project in Western Australia's Pilbara region.