Latest News
Deutsche Bank upgrades Sage to ‘hold’
Detusche Bank upgraded Sage on Wednesday to ‘hold’ from ‘sell’ and hiked the price target to 800p from 590p as it said the software firm was turning a corner but areas of uncertainty remain.
Sector movers: Travel, Retail and Mining pace gains
Cyclicals including Travel and Leisure, as well as consumer staples, paced gains on the FTSE 350 in relatively flattish to mixed trading given the absence of many traders from their desks due to the Thanksgiving Day holiday in the US.
US initial jobless claims hit highest level since August
Americans lined up for unemployment benefits at an accelerated clip last week, with first-time claims easily beating expectations.
RBC Capital Markets upgrades SSE to 'outperform'
Analysts at RBC Capital Markets upgraded energy company SSE from 'sector perform' to 'outperform' on Wednesday after gaining clarity on UK windfall taxes.
Accesso lifts expectations after bumper autumn
Leisure and entertainment technology provider Accesso updated the market on its trading on Wednesday, reporting an improvement in profitability.
Alliance Pharma tumbles amid slower market recovery
Alliance Pharma updated the market on fourth quarter trading on Wednesday, reporting that the expected recovery in some of its demand was happening more slowly than anticipated.
National World says it won't make offer for Reach
National World said on Wednesday that it has no intention of making a firm offer for larger rival Reach.
Jadestone acquires remaining 10pc of Indonesia's Lemang
Asia-Pacific oil and gas company Jadestone Energy announced the acquisition of the remaining 10% interest in the Lemang production sharing contract, onshore Indonesia, on Wednesday.
CVS Group reports 'positive start' to financial year
Veterinary service provider CVS Group reported a “positive start” to the financial year in an update on Wednesday, with total sales increasing 7. 4% in the first four months to 31 October.
AB Dynamics hikes total dividend after record year
Transport testing, simulation and measurement technology specialist AB Dynamics reported record revenue, order intake and EBITDA in its final results on Wednesday, despite a “challenging” operational backdrop.
Seeing Machines releases new key performance indicators
Driver monitoring technology company Seeing Machines said in an update on Wednesday that the number of cars with its tech on the road increased 204% over the 12 months through September, to 559,302 units.
US pre-open: Futures little changed ahead of data onslaught
Wall Street futures were little changed prior to the opening bell on Wednesday as investors braced for a slew of data points ahead of tomorrow's holiday.
Europe midday: Shares rally on positive eurozone PMI
European shares edged ahead at midday as flash PMIs from the eurozone came in higher than expected.
London midday: Shares extend gains ahead of Fed minutes
London stocks rose in early trade on Wednesday, taking their cue from positive US and Asian sessions, as investors eyed the latest readings on the UK manufacturing and services sector, and minutes form the Federal Reserve.
RBNZ delivers biggest ever rate hike in another hawkish decision
New Zealand’s benchmark stock index was in the red on Wednesday, after the country’s central bank delivered its biggest-ever rise in interest rates as it tightened policy for the eighth consecutive time.
Asia report: Stocks mixed as RBNZ delivers biggest-ever rate hike
Stock markets were mixed in the Asia-Pacific region on Wednesday, after New Zealand’s central bank delivered the biggest interest rate hike in its history.
Acquisitions boost 'strong' first-half performance at Marlowe
Marlowe posted a surge in half-year revenues on Wednesday, buoyed by acquisitions and solid organic growth.
Boohoo deflects claims of poor working conditions at warehouse
Boohoo responded to reports of poor working conditions at one of its facilities on Wednesday, saying the claims made by the Times were not reflective of its practices.
Dead Cat Bounce for cryptos?; "We could see sharp declines"
Is a Dead Cat Bounce ocurring? Cryptocurrencies rebound strongly on Wednesday after several days of declines and cuts and have added approximately $60 billion to the total market capitalization in the last 24 hours. Bitcoin (BTC) scores a 5% rise to $16,500 after touching 2020 lows, while Ethereum (ETH) is approaching $1,200 after soaring 6% and coming perilously close to losing $1,000.
US and EU set to announce price cap for Russian oil on Wednesday
Washington and its allies were set to announce the level of the price cap for exports of Russian crude oil on Wednesday.