Latest News
FTSE 100 movers: Next surges on results; Taylor Wimpey retreats
London’s FTSE 100 was up 0. 3% at 6,145. 28 in afternoon trade on Wednesday.
Edenville shares rise as it brings forward restart at Rukwa
Tanzania-focussed coal company Edenville Energy said on Wednesday that the restart of operations at the Rukwa Coal Project has been brought forward, and would now begin on 3 August.
Integumen secures £3m loan to fund Covid-19 AI goals
Integumen announced on Wednesday that it has secured a £3m, three-year loan facility with Riverfort Global Opportunities and YA II PN.
Berenberg cuts target price on Relx
Analysts at Berenberg lowered their target price on 'hold' rated publisher Relx from 2,080. 0p to 1,800. 0p on Wednesday, stating they were still "on the fence" about the group.
Avacta expands partnership with Daewoong to Covid-19 therapy
Biotherapeutics and reagents developer Avacta Group announced an expansion of its collaboration and license agreement with Daewoong Pharmaceutical and AffyXell Therapeutics - the joint venture established in South Korea by the two companies - to develop stem cell treatments on Wednesday.
Petropavlovsk shareholders set for battle over control of miner
Shareholders in Russian miner Petropavlovsk are trying to mobilise investors to vote in an upcoming emergency meeting against what they claim is an attempt to take over the company by stealth.
Wednesday broker round-up
Sanne: RBC Capital Markets reiterates sector performer with a target price of 600. 0p.
US trade deficit on goods shrinks by more than expected in June
America's shortfall in trade on goods with the rest of the world fell more quickly than expected last month as export growth picked up.
Next upgrades annual profit forecast as Q2 sales beat expectations
Retailer Next upgraded its annual profit expectations on Wednesday as it reported a smaller-than-expected decline in full-price second-quarter sales, beating its own expectations and performing ahead of the best-case scenario given in its April trading statement.
Iran launches missiles at mock US Navy ship raising tensions
Iran’s Revolutionary Guards conducted military drills this week and launched missiles at a mock US Navy ship, leading two nearby US military bases to go on heightened alert.
Devro sees strong 1H sales in emerging markets, pays out 2019 dividend
Devro saw first half sales dip as the Covid-19 pandemic dented its sales momentum, offset by a solid performance in emerging markets that led the company's board to go ahead and pay out the final dividend for 2019 on top of its reular interim payment.
US pre-open: Futures point to small gains ahead of big tech testimony and Fed decision
Wall Street futures were pointing to a mostly positive open ahead of the bell on Wednesday as market participants awaited testimony from the chief executives of some of big tech's most powerful names and the Federal Reserve's interest rate decision later in the day.
Boeing posts $2.4bn quarterly loss as Covid-19 weakens demand
Aerospace giant Boeing posted a quarterly net loss of $2. 4bn on Wednesday amid weakened demand for its aircraft as a result of the Covid-19 pandemic.
Smurfit Kappa reinstates final dividend despite profit fall
Corrugated packaging company Smurfit Kappa reinstated its final dividend on Wednesday despite posting a drop in first-half profit and revenue as the coronavirus pandemic dented demand.
Heathrow chief calls on UK government to introduce passenger Covid-19 tests
The chief executive of Heathrow airport asked the UK government on Wednesday to urgently introduce passenger testing after reporting a 96% fall in passenger numbers during the second quarter.
London midday: Stocks edge higher as Next surges on results; Fed eyed
London stocks were higher by midday on Wednesday, boosted by strong performances from the likes of Next and Smurfit Kappa, but gains were modest amid ongoing concerns about the Covid-19 pandemic and ahead of the Federal Reserve’s latest policy announcement.
MySale trades in line despite Covid-19 disruptions
Online retailer MySale traded in line with management expectations during the second half of its financial year, returning to positive underlying earnings in the final quarter despite the Covid-19 pandemic.
Immotion shares surge as partner sites begin to re-open
Immersive entertainment group Immotion said on Wednesday that a growing number of its partner sites were starting to re-open, with many already operating its VR installations.
Asia report: Markets mixed as investors await Fed decision
Markets in Asia finished in a mixed state on Wednesday, with equities in China leading the gains, as investors held their collective breath ahead of the Federal Reserve interest rate decision later in the global day.
UK lending to individuals and mortgage approvals stronger than expected in June
Lending to individuals began to bounce back in June alongside a stronger than expected pace of mortgage approvals.