Full List Of Stories
FTSE 100 movers: Aviva gains; Experian hit by downgrade
London’s FTSE 100 was down 0. 4% at 7,727. 17 in afternoon trade on Wednesday.
Microsoft looking into global cloud outage
Microsoft said on Wednesday that it was investigating an outage that hit the US tech firm’s cloud platform, Azure, Teams messaging, its videoconference service, Outlook and Word and Excel programmes.
Berenberg downgrades Direct Line to 'hold'
Berenberg downgraded Direct Line on Wednesday to ‘hold’ from ‘buy’ and slashed the price target to 160p from 272p, as it said investors should be prepared for no dividend per share for 2023.
UK’s CMA to probe Broadcom’s acquisition of VMware
The UK’s Competition and Markets Authority said on Wednesday that it has begun the first phase of an investigation into Broadcom’s $61bn takeover of VMware.
London midday: Stocks flat but airlines higher on easyJet update
London stocks were little changed by midday on Wednesday, but airlines got a boost after an upbeat update from easyJet.
US pre-open: Stocks seen lower; Tesla, Boeing earnings eyed
US stocks were set for a weaker open on Wednesday, with earnings due from the likes of Tesla and Boeing.
Credit Suisse downgrades Experian, says it’s fairly valued
Credit Suisse downgraded Experian on Wednesday to ‘neutral’ from ‘outperform’ and cut the price target to 2,900p from 3,250p as it said the shares look "fairly valued".
Ascential FY seen ahead of market views; to separate digital assets
Ascential said on Wednesday that full-year revenues and adjusted EBITDA were set to be ahead of market expectations, as it announced the separation of its digital assets.
Lords Group upgrades full-year expectations
Building materials distributor Lords Group upgraded its full-year guidance on Wednesday as it said trading was ahead of market expectations.
Pendragon FY profit seen 'slightly' ahead of expectations
Car dealer Pendragon said on Wednesday that full-year profit was set to be slightly ahead of market expectations following a strong end to the year.
London open: Stocks nudge higher; easyJet, Ascential surge
London stocks were just a touch higher in early trade on Wednesday, but easyJet and Ascential surged after upbeat updates.
DiscoverIE FY underlying earnings seen ahead of expectations
Customised electronics designer and manufacturer discoverIE said on Wednesday that full-year underlying earnings were set to be ahead of the board’s expectations as it reported a jump in third-quarter sales and a strong order book.
CMC Markets trading in line, growth plans on track
CMC Markets said on Wednesday that net operating income was tracking in line with market expectations for the year ending 31 March 2023 and that it remains on course to deliver its strategic growth objectives.
London pre-open: Stocks seen muted; retail footfall sees strong growth
London stocks were set for a muted open on Wednesday following a mixed US session.
EasyJet FY profit to beat expectations, CMC Markets net operating income in line
London pre-open The FTSE 100 was called to open five points higher at 7,762.
Wednesday newspaper round-up: Britishvolt, Fox Corp/News Corp, energy suppliers
An Australian-based startup, Recharge Industries, has made a nonbinding offer for the collapsed UK battery company Britishvolt that could revive plans to construct a large plant in northern England. The bid was lodged in the UK late on Tuesday, shortly after a cash crunch at Britishvolt sent the company into administration. The collapse has severely dented the country’s attempts to modernise its automotive industry and supply the next generation of UK-built electric vehicles.