Latest News
Brent edges higher following weekly DoE data
US oil stockpiles fell by more than expected last week on the back of a sharp drop in net imports.
Thursday preview: ECB minutes, Premier Oil in focus
Markets' attention on Thursday will flip remain firmly on Europe - barring surprises.
Commodities: Energy futures mixed despite stock draw in the States
Commodity prices were edging higher in the middle of the week, buoyed by data showing a larger than expected drop in US crude oil inventories and an improved risk appetite in financial markets.
FX round-up: Pound dips as 'no-deal' Brexit risks rise
Sterling drifted slightly lower on Wednesday following the release of data showing a narrower than expected fiscal surplus for July as the government ramped up its Brexit preparations.
Europe close: Stocks jump on optimism ahead of Italian coalition talks
Stocks across the Continent bounced back on Wednesday amid reports of possible progress on crafting a new government coalition in Italy which would avoid having to call fresh elections.
London close: Stocks boosted by weak pound ahead of Fed minutes
London stocks finished higher on Wednesday, helped by a weaker pound as investors eyed minutes from the US Federal Reserve's latest policy meeting which were due out later in the day.
Facebook's Libra under investigation in EU antitrust probe
European Union antitrust regulators have kicked off a probe on Facebook’s cryptocurrency Libra project reported Bloomberg.
Director dealings: Hollywood Bowl director lowers stake
Hollywood Bowl revealed on Wednesday that chief marketing and technology officer Matthew Hart had disposed of 238,000 ordinary shares in the London-listed group.
Broker tips: Victrex, Nostrum Oil and Gas, Tullow Oil, Mitchells and Butlers
Victrex got a boost on Wednesday as Barclays upgraded its stance on shares of the provider of high-performance polymer solutions to 'equalweight' from 'underweight', lifting the price target to 2,020p from 1,990p and highlighting 20% upside to consensus estimates for 2021 earnings per share.
Target shares surge as retailer ups full-year guidance
US retailer Target upped its full-year profit guidance on Wednesday after turning in stronger-than-expected second-quarter results.
Canaccord upgrades Tullow Oil to 'buy' on success offshore Guyana
Analysts at Canaccord Genuity raised their target price on shares of Tullow Oil following the oil explorer's recent success at the Jethro-1 exploration well offshore Guyana.
Galileo Resources to apply for mining permit for Zambia zinc project
Galileo Resources is set to apply for a mining permit for its Star Zinc Project near Lusaka, Zambia, after completing an initial inferred resource estimate on Wednesday that supported its initial estimates.
US open: Stocks go green as major retailers top expectations
Wall Street stocks opened higher on Wednesday as investors digested some solid figures from some major retailers while they waited for minutes from the last meeting of the Federal Open Market Committee to be published.
Randall & Quilter subsidiaries complete several new programme partnerships
Randall & Quilter Investment Holdings announced on Wednesday that its wholly-owned subsidiaries, Accredited Surety and Casualty Company (Accredited US) and Accredited Insurance Europe, had recently completed a number of new programme partnerships as they continued to deliver on their objective of being the “partner of choice” for managing general agents requiring high-quality licenced European and US insurance capacity.
FTSE 100 movers: Burberry and TUI gain; miners drop as metals prices fall
London's FTSE 100 was up 1. 1% at 7,206. 07 in afternoon trade on Wednesday as sterling fell on Brexit concerns ahead of Prime Minister Boris Johnson's meeting with German Chancellor Angela Merkel.
FTSE 250 movers: Amigo ascends, OneSavings drops
London's FTSE 250 was up 0. 97% at 19,193. 03 in afternoon trade on Wednesday, with Amigo Holdings leading the index higher ahead of the release of its interim results next week.
Regal Petroleum upbeat on latest reserves report from VAS
Oil and gas exploration and production company Regal Petroleum updated the market on the reserves and contingent and prospective resources at its wholly-owned and operated Vasyschevskoye (VAS) gas and condensate licence in Ukraine on Wednesday.
Canaccord raises Mitchells and Butlers to 'buy' following sector shake-up
Analysts at Canaccord Genuity upped their rating on pub operator Mitchells and Butlers to 'buy' from 'hold' on Wednesday, stating that bids elsewhere in the sector had ignited a reappraisal of the group and its shares.
HS2 put under review, decision promised by year-end
The future of the HS2 high-speed rail project was thrown into some doubt on Wednesday, as the government announced a review with the promise of a “go or no-go” decision by the end of the year.
US existing home sales rise 2.5% in July
Sales of US existing homes rose in line with expectations in July, according to data from the National Association of Realtors.