Latest News
Bitcoin takes a hit from the Fed and its possible acceleration of tapering stimulus
Bitcoin maintained its rebound on Monday and Tuesday, along with other risk assets, but failed to break above $60,000, yet again being pressured downwards. The November close has been above $57,000, which means a drop for the queen of the 'cryptos' of 7%. All in all, its annual boom remains at 100% and optimists still expect the crypto-asset to stage a rally to $70,000 before the end of the year. In recent hours, due to the words of Federal Reserve (Fed) Chairman, Jerome Powell, Bitcoin´s rises have been limited above $59,000.
UK house price growth doubles forecasts but outlook 'uncertain'
House price growth continued at a brisk pace in November, buoyed by "robust" conditions in the labour market, but the multiple headwinds the sector was facing meant that the outlook was uncertain.
Berenberg raises target price on 'top pick' Future
Analysts at Berenberg raised their target price on media firm Future from 4,890. 0p to 5,225. 0p on Wednesday following the publication of the group's solid full-year results.
Euro zone Nov manufacturing up, but inflation tightens squeeze
Euro zone manufacturing growth rose slightly in November with worsening supply chain constraints hitting output and sending raw materials costs soaring, according to a survey released on Wednesday.
Drax sees FY profits at top end of forecasts; Aims to double biomass capacity
Power generator Drax said it expected annual core earnings to be at the top end of current forecasts as it looked to double sustainable biomass production capacity and sales by 2030.
Manufacturing input prices hit 30-year high in November
UK manufacturing input prices hit a 30-year high in November amid supply chain issues, according to a survey released on Wednesday.
Blue Prism to be taken over by SS&C Technologies in £1.24bn deal
AIM-listed software company Blue Prism has agreed to be taken over by US fintech SS&C Technologies for £1. 24bn in cash.
German retail sales undershoot forecasts as mobility declines
German retail sales undershot forecasts by a wide margin in October due to mobility restrictions and in part because of the drag from rising prices.
Frasers Group enters into new term loan and revolving credit facility
Retailer Frasers Group said on Wednesday that it has now entered into a new term loan and revolving credit facility with its banks, replacing its existing facility of £913. 5m in the process.
Loungers interim revenues grow on strong sales
Bar and restaurant operator Loungers said on Wednesday that revenues had grown 91. 4% to £102. 4m in the 24 weeks ended 3 October.
Peel Hunt H1 revenues drop but investment banking division shines
Peel Hunt reported a record performance from its investment banking division in its maiden results on Wednesday, but a drop in overall profit and revenue.
International PPL picks up stakes in additional BSF projects
Infrastructure investment company International Public Partnerships has acquired additional interests in the Bradford and Lewisham "Building Schools for the Future" projects.
Europe open: Shares rebound in latest round of Covid volatility
European markets continued their roller-coaster Omicron Covid-variant volatility ride on Wednesday morning as shares rebounded once again.
Chinese factory PMI plunges in November amid price pressures, Covid-19 outbreaks
Activity in China's manufacturing sector slowed unexpectedly last month as rising inflation and Covid-19 in various Chinese regions dampened demand, the results of a closely-followed survey revealed.
London open: Stocks gain as worries about Omicron ease
London stocks rose in early trade on Wednesday following heavy losses earlier in the week, taking their cue from a positive session in Asia as concerns about the new Omicron variant eased.
Chysalis to raise follow-on funds via 238p-a-share placing
Investment trust Chrysalis on Wednesday said it was looking to raise new funds via a placing at 238p a share to drive the performance of existing assets in current portfolio companies.
IG Group to sell Nadex, Small Exchange for $216m
Online trading platform IG Group has announced the proposed sale of North American Derivatives Exchange (Nadex) and Small Exchange for a combined $216m in cash.
Pendragon lifts full-year profit guidance
Motor retailer Pendragon lifted its full-year profit guidance on Wednesday as it hailed a strong performance to date in the fourth quarter.
Sirius Real Estate buys Stuttgart business park for €34.5m
Sirius Real Estate, which owns and operates branded business and industrial parks in Germany and the UK, has completed the acquisition of a business park in Neckartenzlingen in Stuttgart for €34. 5m.