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Fed's Waller sounds 'hawkish' note on outlook for rates
A top US central bank official said he could support a further 25 basis point interest rate hike at the 13-14 June policy meeting, depending on how the economic data came in between now and then.
Europe close: Stocks slump amid debt ceiling impasse, core UK CPI surprise
European shares slumped on Wednesday as US debt ceiling talks dragged on and UK inflation fell by less than expected, raising the prospect of yet another increase in British interest rates next month as soaring food prices led to a rise in the country's core CPI.
Sector movers: Homebuilders pace losses after core CPI surprise
Homebuilders were at the bottom of the pile on Wednesday following the release of data showing an unexpected acceleration in core consumer prices.
London close: Stocks fall on inflation data, debt ceiling standstill
London's main stock gauges closed in negative territory on Wednesday, after a higher-than-expected UK inflation report and as concerns over the unresolved US federal debt ceiling issue continued.
FTSE 100 movers: Housebuilders tumble; Intertek rallies
London’s FTSE 100 was down 1. 8% at 7,620. 22 in afternoon trade on Wednesday.
Thursday preview: US Q1 GDP, German consumer confidence in the spotlight
All eyes on Thursday were likely to continue to be on the ongoing debt ceiling talks in the States.
Broker tips: Coats Group, Marks & Spencer, National Grid
Analysts at RBC reiterated their 'outperform' stance for shares of Coats Group on the back of their call with the company's finance director and head of investor relations.
US open: Stocks skid on debt ceiling concerns
Wall Street was adding to the previous day's losses on Wednesday as debt ceiling negotiations between the Republicans and the White House failed to make any progress, with talks due to resume later in the day.
M&S shares surge as FY beats forecasts, sees 'modest' dividend
UK retailer Marks & Spencer delivered a forecast-busting annual profit driven by a major improvement in its food division and said it would reinstate a “modest” dividend in November.
RBC stays at 'outperform' on Coats after call with chief financial officer
Analysts at RBC reiterated their 'outperform' stance for shares of Coats Group on the back of their call with the company's finance director and head of investor relations.
ShoreCap sees 'attractive' entry point in Marks & Spencer
Analysts at ShoreCap told clients they believed they saw a "very attractive entry point" into Marks & Spencer's shares, given the increasing possibility of a rating expansion.
4imprint slumps on warning order increases will slow after strong Q1
Promotional products marketer 4imprint Group said trading was in line with expectations, but warned rises in order activity would moderate over the rest of the year.
Berenberg stays at 'hold' on National Grid, sees shares 'fully valued'
Analysts at Berenberg reiterated their 'hold' recommendation and 1,100. 0p target price on shares of National Grid, the British electricity and gas utility.
UK's Ofcom allows Openreach to cut prices
Britain’s telecoms regulator has allowed BT to cut wholesale prices at its Openreach networking arm, despite claims from competitors that it would give the company an unfair advantage.
Activist investor Cevian ditches almost entire stake in Aviva
Activist investor Cevian Capital has reportedly sold almost all of its stake in insurer Aviva.
Facebook parent Meta launches third round of layoffs
Facebook parent Meta Platforms has launched its third round of layoffs, according to reports on Wednesday, as part of its ongoing cost-saving plan.
Manufacturers expecting lowest inflation in more than two years - CBI
Manufacturers’ expectations for selling price inflation fell to their lowest level in more than two years in May, according to the latest survey from the scandal-hit Confederation of British Industry.
Director dealings: Mike Ashley settles 250k Frasers options, RS Group CEO invests
Frasers Group found itself on both sides of the ledger on Wednesday, after Mike Ashley settled a quarter-million share put option transaction.
Five banks said to have breached competition law in UK bond markets
Five global banks have been provisionally found to have broken UK competition law, it was announced on Wednesday, by allegedly sharing competitively sensitive bond market information.