Latest News
UK winter fuel bills to fall as Ofgem cuts price cap
Millions of Britons will see their winter energy bills fall by £75 after the industry regulator Ofgem reduced its price cap on standard tariffs.
Twitter admits it may have used user data for ads without consent
Twitter said on Tuesday that it may have used user data for personalized ads without their permission due to issues with the microblogging website’s settings.
Trump calls Fed incompetent and accuses it of harming US economy
US President Trump on Wednesday accused the Federal Reserve of doing more harm to the US economy than China and urged it to cut interest rates to aid his trade agenda.
Tesla's Model 3 under scrutiny over safety concerns
The US National Highway Traffic Safety Administration (NHTSA) sent Tesla CEO Elon Musk a cease-and-desist letter in October last year regarding the safety of the carmaker's Model 3 sedan.
Thursday preview: Chinese trade data, Hargreaves Lansdown in focus
Fresh Chinese foreign trade figures for the month of July will likely keep the market spotlight trained on US-China trade talks on Thursday.
Europe close: Stocks stage bounce even as investors seek out safe havens
Stocks across the Continent finished mostly higher on Wednesday, playing catch-up with shares on Wall Street following the previous session's drubbing, helped by a report suggesting that the next round of US-China trade talks scheduled for September would likely still go ahead.
London close: Stocks finish higher despite investor jitters
London stocks reversed course to trade higher following reports that the next round of US-China trade negotiations scheduled for September was likely proceed as planned, but market sentiment continued to be frail.
Broker tips: Sirius Minerals, National Express
Analysts at Berenberg downgraded agrochemicals outfit Sirius Minerals from 'buy' to 'hold' on Wednesday after the group's shares plunged a day earlier when it pulled its $500m bond sale.
Canaccord edges up estimates for National Express following 'pleasing' interim results
Analysts at Canaccord Genuity took a fresh look at National Express on Wednesday, issuing the group with some new numbers following its "pleasing interim results".
Frontier Smart dives as Science Group urges refinancing
Frontier Smart Technologies shares plummeted on Wednesday as 48% owner Smart Group urged the company to pursue a refinancing deal in order to eliminate the risk of breaching its debt covenants.
Director dealings: Hiscox director lowers stake
Bermuda-based insurer Hiscox revealed on Wednesday that chief underwriting officer Richard Watson had disposed of 10,000 ordinary shares in the FTSE 100 constituent.
Burford Capital hits back after Muddy Waters attack
AIM-listed Burford Capital hit back on Wednesday, dismissing a report by Muddy Waters after the US-based research firm accused the litigation and risk management company of "egregiously misrepresenting" its returns and "the state of its overall business", sending its shares tumbling.
FTSE 100 movers: Fresnillo shines as gold rallies; NMC health slumps
London's FTSE 100 was up 0. 5% at 7,205. 73 in afternoon trade on Wednesday, recovering from recent heavy losses as the pound slipped.
FTSE 250 movers: Ultra Electronics jumps, Funding Circle stumbles
London’s FTSE 250 was up 0. 25% at 18,893. 12 in afternoon trade on Wednesday, as Ultra Electronics led the index higher.
US open: Stocks head south as Treasury yield curve slides to 12-year low
US stocks opened decidedly lower on Wednesday erasing gains from the previous session as Treasuries posted a sharp rally while US-China trade tensions remained firmly in focus.
Oilex acquires 48.5% interest in PEL 112 and 444 licenses
Exploration and development group Oilex has entered into an agreement with Holloman Energy to acquire its 48. 5% interest in the PEL 112 and 444 licenses in the Cooper-Eromanga Basins in South Australia.
Avon Rubber to buy 3M's ballistic protection business
Avon Rubber has agreed to buy 3M's ballistic protection business and the rights to its Ceradyne brand, which makes advanced technical ceramics, for up to $116m.
Wednesday broker round-up
Sirius Minerals: Berenberg downgrades to hold with a target price of 17p.
Hargreaves Lansdown bosses reportedly to waive bonuses over Woodford issue
Executives at fund supermarket Hargreaves Lansdown are giving up their bonuses after clients were affected by the suspension of Neil Woodford’s flagship fund, UK media reported on Wednesday.
Kazera upbeat on most recent work at Namibia Tantalite mine
Kazera Global announced an update to its Tantalite Valley Project exploration programme on Wednesday, including initial drilling results for the White City Pegmatite and additional results from channel sampling at Purple Haze.