Latest News
Berenberg lowers target price on Wizz Air
Analysts at Berenberg cut their target price on low-cost European carrier Wizz Air on Thursday based on fuel and currency headwinds.
Delta profits top expectations despite rocketing fuel costs
Delta Airlines turned in a set of third-quarter profits that topped expectations on the Street, with revenues boosted by a strong demand for travel and despite the US carrier's fuel bill surging during the all-important summer travel season.
Asia report: Wall Street bloodbath takes markets by storm
Asian markets dived across the board in Thursday trading, following Wall Street’s lead after the Nasdaq 100 suffered its worst day of trading for seven years.
IMF's Lagarde defends 'loco' Federal Reserve after Trump slam
The head of the International Monetary Fund has pushed back at US President Donald Trump, claiming interest rate rises he had dismissed as "ridiculous" were “legitimate and necessary”.
Oil market is well supplied - OPEC
Producers from the Organisation of Petroleum and Exporting Countries are unlikely to increase output in the short-term, after the cartel’s secretary-general said the market was already well supplied.
Sector movers: Gold miners gleam and utilities remain solid amid sell-off
With most sectors in the red, those still dotted with green were standing out, led by the grocery, telecoms and paper sectors.
Revolution Bars ends talks with Deltic
Revolution Bars, which operates the Revolution and Revolucion de Cuba brands, has called off talks with the Deltic Group about a possible acquisition.
US initial jobless claims unexpectedly rise
The number of Americans filing for unemployment benefits unexpectedly rose last week, according to figures from the Labor Department.
More volatility on Wall Street to come, warns Barclays
Barclays expects the volatility dictating trading on Wall Street to continue, and has recommended investors remain wary of buying despite heavy price falls.
Keller issues profit warning on Asia Pacific business
Engineering group Keller on Thursday warned that its Asia Pacific business would report a full year pre-tax loss of £12 - £15m.
US CPI falls back more quickly than expected in September
The cost of living in the States slowed a tad more quickly than expected last month on the back of a large drop in the price of second hand vehicles and energy.
Norcros grows revenue in tricky conditions
Bathroom and kitchen products supplier Norcros said it had proved its “financial resilience” after posting an increase in first-half revenue amid a trading environment is said was “challenging”.
Renold on track for full year as half-year revenue rises
Chains manufacturer Renold said on Thursday that it was on track to deliver full-year results in line with the board's expectations, as it posted a jump in revenue.
Tesla and SEC ask court to approve $40m deal
Tesla and the Securities and Exchange Commission have asked a New York court to back their $40m agreement, despite a controversial tweet by Elon Musk seemingly undermining the deal.
Hays hit after weaker quarter than expected
Hays posted a weaker-than-expected set of first quarter results on Thursday, sending shares south in early trading.
OnTheMarket swings to loss as costs rise
OnTheMarket swung to a first-half loss as the property portal operator's growth strategy sent admin expenses through the roof, as it doubled the number of estate agent branches represented on its website and tripled its monthly traffic.
London midday: FTSE slumps amid global selloff
There were heavy losses across the board in European equity markets on Thursday and London was no exception following a sharp selloff in the US and Asia amid worries about rising US interest rates.
US pre-open: Stocks set for more losses after Wednesday's selloff
US futures pointed to more losses on Wall Street on Thursday following a massive selloff in the previous session.
House price outlook falls to lowest since Brexit referendum - RICS
Low demand from property buyers has been hit by uncertainty about Brexit and interest rates, leading to house price values falling for the second successive month, according to the the latest RICS survey.