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US close: Stocks drop amid renewed trade tensions
Stocks on Wall Street ended in the red on Wednesday amid escalating tensions between the US and China, after President Donald Trump followed through on his threat to slap tariffs on an additional $200bn of Chinese imports.
FTSE 100 movers: Barratt gains on results but Micro Focus retreats
London's FTSE 100 was down 1. 3% to 7,595. 63 in afternoon trade on Wednesday as trade war concerns intensified after Donald Trump followed through on his threats to slap tariffs on an extra $200bn of Chinese goods.
Deutsche Bank upgrades Superdry, says de-rating overdone
Superdry's de-rating is overdone and the valuation is now attractive, Deutsche Bank on Wednesday as it upgraded the clothing brand to 'buy' from 'hold' and lifted the price target to 1,610 from 1,430p.
London midday: Stocks maintain losses as trade war fears intensify
London stocks were firmly in the red by midday on Wednesday as trade tensions between the US and China ramped up a notch after Donald Trump followed through on his threat to slap tariffs on an extra $200bn of Chinese goods.
US pre-open: Heavy losses expected as Trump ramps up China trade war
US stocks looked set for heavy losses at the open on Wednesday amid escalating tensions between the US and China, after President Trump said his administration will slap tariffs on an additional $200bn of Chinese imports.
21st Century Fox bumps up Sky offer, trumps Comcast
Rupert Murdoch's 21st Century Fox has upped its offer for the Sky shares it does not already own to £14 per share, trumping the latest offer from Comcast by around 12%.
Jefferies upgrades Coca-Cola HBC as it enters a 'sweet spot'
Jefferies upgraded Coca-Cola HBC to 'buy' from 'hold' on Wednesday and hiked its price target to 3,000p from 2,660p, saying the group was entering a "sweet spot" of growth and M&A optionality given the strong balance sheet.
Safestyle warns on profits yet again
AIM-listed Safestyle said on Wednesday that it expects to report a small underlying pre-tax loss for the year, while revenues are likely to be below market expectations, but there was some good news as the double glazing group said order intake has firmed up in recent weeks.
London open: Stocks get clobbered as Trump ramps up China trade war
London stocks took a beating in early trade on Wednesday as trade war concerns reared their head once again after Washington announced plans to impose tariffs on an extra $200bn of Chinese goods.
Grafton revenues boosted by warm weather
Builders' merchant Grafton Group posted a rise in first-half revenue on Wednesday as it benefited from warm weather.
London pre-open: Stocks to drop as Trump ramps up China trade war
London stocks were set for a downbeat open on Wednesday after the US announced plans to impose tariffs on an extra $200bn of Chinese goods.
Wednesday newspaper round-up: M&S, Ocado, Facebook, Trump tariffs
The chairman of Marks & Spencer has given his starkest warning yet about existential threat faced by the high street giant as he refused to rule out further store closures and job losses. This business is on a burning platform,” said Archie Norman, who took over as M&S’s chairman last year. “We don’t have a God-given right to exist and unless we change and develop this company the way we want to, in decades to come there will be no M&S. ” – Guardian.