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Latest News
23 Sep
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UBS downgrades AB Foods to 'neutral' following pre-close update

Analysts at UBS downgraded Primark owner Associated British Foods from 'buy' to 'neutral' on Wednesday, stating setbacks at the fast fashion retailer had forced it to move to the sidelines.

21 Sep
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Fed hikes by 75bp, guides towards slightly higher rate path

The Federal Reserve delivered a widely-expected 75 basis point interest rate hike, alongside a slightly more aggressive outlook for monetary policy in the near-term.

21 Sep
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Sector movers: Homebuilders, Aerospace and Defence pace bounce

Household Goods and Home Construction led a bounce in the UK stock market, even as investors waited on an interest rate decision from the US Federal Reserve after Wednesday's close and another from the Bank of England the next day, together with news of a partial mobilisation of Russia's armed forces.

21 Sep
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Thursday preview: Bank of England, Bank of Japan in focus

All eyes on Thursday were expected to be on the Bank of England with the Monetary Policy Committee expected to announce a 50 basis point hike in Bank Rate to 2. 25%.

21 Sep
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Europe close: Stocks recover from early selling even as Russia orders partial mobilisation

European shares finished higher even as investors fretted over a likely rise in US interest rates and the mobilisation of extra Russian troops indicating the war in Ukraine was set to intensify.

21 Sep
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Russian President orders partial mobilisation of army reserves

Vladimir Putin called for a partial mobilisation of the country's reservists, in a move decried by many in the West as an escalation.

21 Sep
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London close: Stocks finish firmer amid Russia, Fed concerns

London stocks managed a positive finish on Wednesday, underpinned by strength in the housebuilding sector, as investors braced for another big rate hike by the US Federal Reserve.

21 Sep
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Poolbeg inks exclusive deal for melioidosis vaccine candidate

Clinical-stage infectious disease pharmaceutical company Poolbeg Pharma has signed an exclusive licence agreement with University College Dublin (UCD), it announced on Wednesday, for a late preclinical-stage vaccine candidate for melioidosis.

21 Sep
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Manx Financial agrees higher price for majority share in Payment Assist

Manx Financial Group announced the completion of a majority interest in Payment Assist on Wednesday, for an increased consideration of £4. 24m.

21 Sep
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SDI makes 'good start' to new financial year

SDI Group said in a trading update on Wednesday that it had made a “good start” to its new financial year.

21 Sep
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SourceBio confirms end of VAT dispute with HMRC

Laboratory service provider SourceBio International updated the market on its VAT dispute with HMRC on Wednesday, confirming the matter had been brought to a close.

21 Sep
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Director dealings: Cake Box CEO makes £0.2m share purchase

Cake Box was trading in the green on Wednesday afternoon, after it disclosed a purchase worth over £0. 2m made by its chief executive officer.

21 Sep
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Keywords posts strong revenue growth, agrees to buy Smoking Gun

Video games technical and creative service provider Keywords Studios reported “strong” first-half revenue growth on Wednesday, as it entered a deal to acquire Smoking Gun Interactive.

21 Sep
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Ukraine invasion blamed for Strix first-half performance

Strix Group reported revenue of £50. 7m for its first half on Wednesday, down 7. 3% year-on-year but up 15. 5% compared to the pre-Covid comparator in 2019.

21 Sep
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LBG Media revenue rises as earnings disappoint

Youth-focussed digital publisher LBG Media reported first-half revenue of £24. 8m on Wednesday, up 8% from a “strong” prior year comparator, where revenue grew 133%, although its earnings performance disappointed.

21 Sep
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Frontier Developments reports record revenue, earnings in line

Video games developer and publisher Frontier Developments reported record revenue of £114m in its full-year results on Wednesday, making for annual growth of 26%.

21 Sep
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Broker tips: AB Foods, Celtic

Analysts at UBS downgraded Primark owner Associated British Foods from 'neutral' to 'buy' on Wednesday, stating setbacks at the fast fashion retailer had forced it to move to the sidelines.

21 Sep
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FTSE 100 movers: BAE Systems rallies; banks under the cosh

London’s FTSE 100 was up 0. 5% at 7,231. 00 in afternoon trade on Wednesday.

21 Sep
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AB Dynamics trading well, acquires Ansible Motion

AB Dynamics announced the £19. 2m acquisition of Ansible Motion on Wednesday, as it reported a “strong” trading performance in its second half.

21 Sep
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US existing home sales dip in August

Existing home sales in the US were little changed last month, contrary to forecasts, a leading business lobby said.