Latest News
Quilter pre-tax profits rise but AUMA decline in first half
Quilter - formerly Old Mutual Wealth Management - reported a decline in first-half assets under management and administration on Wednesday, but a rise in profits.
Redde Northgate extends share buyback programme
Vehicle rental group Redde Northgate said on Wednesday that it will extend its share buyback programme after having purchased roughly 7. 5m ordinary shares since kicking off the programme on 15 March.
National Express CFO stands down to take up job Diploma
Public transport operator National Express revealed on Wednesday that chief financial officer Chris Davies will stand down from the role to take up a job at industrial supplies company Diploma.
Europe open: Shares slip ahead of US CPI data
European shares were lower at the open on Wednesday ahead of US inflation data.
London open: FTSE edges lower ahead of US inflation data
London stocks edged lower in early trade on Wednesday as investors eyed the release of the latest US inflation data.
TP ICAP revenue and profits improve in H1
Financial services firm TP ICAP said on Wednesday that revenue, underlying earnings, and pre-tax profits had all improved in the six months ended 30 June.
Prudential H1 operating profit rises but outlook cautious
Asia-focused insurer Prudential reported a rise in first-half operating profit on Wednesday but struck a cautious note over the outlook.
China CPI hits two-year high on rising pork prices
Inflation in China hit a two-year high in July, driven by surging pork prices, according to official data released Wednesday.
RS Group to acquire Mexican distributor Risoul y Cia for $275m
Industrial product and service solutions provider RS Group has acquired leading Mexican distributor Risoul y Cia for $275. 0m in cash.
Aviva H1 operating profits rise, TUI posts Q3 operating loss
London pre-open The FTSE 100 had stocks opening 22. 5 points lower ahead of the bell on Wednesday after the index saw out the previous session 0. 08% firmer at 7,488. 15.
Royal Mail workers to stage four days of strikes
Around 115,000 Royal Mail workers are set to strike on four days in August and September in a dispute over pay, the Communication Workers Union (CWU) said.
London pre-open: Stocks seen lower ahead of US inflation data
London stocks were set to edge down at the open on Wednesday as investors eyed the release of the latest US inflation data.
Wednesday newspaper round-up: Elon Musk, stealth raid, EDF
Elon Musk has sold $6. 9bn (£5. 7bn) worth of shares in Tesla after admitting that he could need the funds if he loses a legal battle with Twitter and is forced to buy the social media platform. The Tesla CEO walked away from a $44bn deal to buy Twitter in July but the company has launched a lawsuit demanding that he complete the deal. A trial will take place in Delaware in October. – Guardian.
Aviva witnesses 'continuing momentum' in H1, operating profits grow
Insurance firm Aviva said on Wednesday that it had witnessed "continuing momentum" in the six months ended 30 June, with both operating profits and own funds generation growing in the half.
US close: Stocks slide ahead of key inflation data
Wall Street stocks closed weaker on Tuesday, as market participants digested more second-quarter earnings and closed their pocketbooks ahead of Wednesday’s inflation reading.