Full List Of Stories
FTSE 250 movers: Greencore hit by downgrade; Tullow rises
London’s FTSE 250 was up 0. 2% at 22,920. 21 in afternoon trade on Wednesday.
FTSE 100 movers: Burberry gains on upgrade; Kingfisher falls
London’s FTSE 100 was up 0. 1% at 7,089. 49 in afternoon trade on Wednesday.
Etsy to buy Depop for $1.6bn
Etsy has agreed to buy Depop, a privately-held, community-led fashion marketplace, for $1. 63bn.
Exane upgrades Burberry to 'outperform', shares rally
Burberry rallied on Wednesday after Exane upgraded the shares to ‘outperform’ from ‘neutral’ and lifted the price target by 29% to 2,700p.
Airtel Africa to sell Tanzania tower portfolio for $175m
Airtel Africa said on Wednesday that it has agreed the sale of its Tanzania tower portfolio to a joint venture owned by a subsidiary of SBA Communications Corp and Paradigm Infrastructure for around $175m.
London midday: Stocks maintain gains but struggle for direction
London stocks were still a little higher by midday on Wednesday but markets lacked direction, with many traders away from their desks for the half-term holiday.
Bloomsbury Publishing lifts guidance again as sales jump
Harry Potter publisher Bloomsbury Publishing lifted its guidance for 2022 again on Wednesday as it reported a surge in annual profit and revenue as people increasingly turned to reading during the pandemic.
Berenberg upgrades Tate & Lyle to 'buy'
Berenberg upgraded its stance on shares of Tate & Lyle to ‘buy’ from ‘hold’ on Wednesday, pointing to the increasing likelihood that an eventual separation of the speciality Food & Beverage Solutions (FBS) unit and bulk Primary Products (PP) unit will occur.
London open: Stocks edge higher in quiet trade
London stocks edged higher in early trade on Wednesday but markets lacked any real direction, with many traders away from their desks for the half-term holiday.
Tullow Oil Chair Dorothy Thompson to step down
Tullow Oil said on Wednesday that non-executive Chair Dorothy Thompson has decided to step down from the board.
German retail sales fall more than expected in April
German retail sales fell much more than expected in April as further Covid-19 restrictions were introduced, according to figures released on Wednesday by Destatis.
London pre-open: Stocks seen flat as investors eye fresh catalysts
London stocks were set for a flat open on Wednesday following mixed sessions in the US and Asia.
Wednesday newspaper round-up: Fossil fuel, EU migration, coal-fired plants
The nations that make up the G7 have pumped billions of dollars more into fossil fuels than they have into clean energy since the Covid-19 pandemic, despite their promises of a green recovery. As the UK prepares to host the G7 summit, new analysis reveals that the countries attending committed $189bn to support oil, coal and gas between January 2020 and March 2021. In comparison, the same countries – the UK, US, Canada, Italy, France, Germany and Japan – spent $147bn on clean forms of energy.