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UK house prices continue to soften
The UK house market continued to falter last month, industry research showed on Thursday, as prices and sales both fell in response to higher mortgage costs.
London close: Stocks edge higher
London stocks were up again on Wednesday, having hit a fresh all-time high at one point, as investors welcomed less hawkish than feared comments from US Federal Reserve chair Jerome Powell overnight.
Europe close: Stocks end mostly higher as investors assess rate outlook
European shares were mostly higher, apparently taking their cue from a rally on Wall Street the day before after less-hawkish-than anticipated comments from US Federal Reserve chief Jerome Powell.
Thursday preview: US jobless figures, German CPI in focus
All eyes on Thursday would be on the latest weekly unemployment claims figures in the US.
Sector movers: Interest rate sensitive stocks catch a bid as rise in bond yields slows
Interest rate sensitive Telecommunications and Home Construction paced gains on Wednesday as investors continued to mull the outlook for interest rates in 2023.
Broker tips: BP, Yellow Cake, Trustpilot
Barclays hiked its price target on BP to 1,000. 0p from 700. 0p on Wednesday following the oil giant's results a day earlier.
Fed's Williams says there's still 'work to do', 'a lot of uncertainty ' around inflation outlook
The Federal Reserve has its work cut out for it in bringing supply and demand into balance, a top official said.
FTSE 100 movers: Housebuilders rally; Smurfit Kappa falls
London’s FTSE 100 was up 0. 4% at 7,895. 62 in afternoon trade on Wednesday.
Director dealings: Mothercare director makes share purchase
Mothercare revealed on Wednesday that non-executive director, Mark Newton-Jones had acquired 604,789 ordinary shares in the London-listed retailer.
Microsoft Activision Blizzard deal 'would hurt gamers' - CMA
Britain's competition regulator has said Microsoft’s planned acquisition of Activision Blizzard would reduce choice for gaming consumers who use competing Xbox and Sony Playstation consoles.
FTSE 250 movers: Oil stocks in vogue; PZ Cussons slips
FTSE 250: 20,457. 50, +1. 33% at 1447 GMT.
US open: Stocks lower as investors focus on earnings and Fed speakers
Wall Street stocks were were in the red early on Wednesday as market participants digested comments from the head of the central bank and thumbed over more corporate earnings.
Anglo American to buy minority stake in Canada Nickel
Anglo American said on Wednesday that it has agreed to buy a 9. 9% minority interest in Canada Nickel, which owns the Crawford nickel project in Ontario, for an undisclosed sum.
Barratt cuts dividend as higher mortgage costs hit housing market
UK housebuilder Barratt cut its dividend as the housing market started to cool down in response to rising interest rates and mortgage costs.
Next appoints Lipsy's Jeremy Stakol as executive director
Next said on Wednesday that it has appointed Jeremy Stakol as non-executive director, putting him in charge of boosting the clothing and homeware retailer's online sales.
Maersk issues profits warning as freight rates, volumes slump
Shipping giant AP Moller-Maersk issued a profit warning on Wednesday due to a slump in container volumes and freight rates.
US pre-open: Futures mostly lower as traders look to Fed
Wall Street futures were mostly in the red ahead of the bell as market participants looked ahead to a number of speeches from Federal Reserve officials and continued to digest comments from the head of the central bank.
CVS Health to buy Oak Street Health in $10.6bn deal
US pharmacy chain CVS Health said on Wednesday that it has agreed to buy Oak Street Health in a $10. 6bn all-cash deal.
Europe midday: Stocks extend gains; Adyen slumps on earnings miss
European shares extended gains on Wednesday, taking their cue from a rally on Wall Street after less-hawkish-than anticipated comments from US Federal Reserve chief Jerome Powell.
Industrial action will not lead to power cuts, Drax insists
Drax Group has insisted that the UK’s electricity supply will not be affected after workers voted in favour of industrial action.