London’s stock markets presented a downbeat picture at the close of Wednesday’s trading session.
London’s FTSE 100 was down 0. 4% at 7,592. 32 in afternoon trade on Wednesday.
A dip in bond yields was helping stocks hold their ground on Wednesday as markets attempted to rebound after heavy falls the previous session.
The government has approved the development of Rosebank, the UK’s largest untapped oil field, sending shares in its operators higher.
Financial markets' focus on Thursday will be on consumer price data due out in two of the single currency bloc's largest economies.
Bank of America Merrill Lynch downgraded Centrica to ‘equalweight’ from ‘overweight’ on Wednesday and said it would switch into SSE, Engie or Fortum.
Jefferies has downgraded a number of real estate investment trusts, including British Land, on the back of waning demand for office space.
Supermarket chain Morrisons said David Potts was stepping down as chief executive after nine years in the role, to be replaced by former Carrefour boss Rami Baitiéh.
Orders for durable goods rose slightly last month, alongside a sharp rise in those for so-called core capital goods, which are considered a good lead indicator for business investment.
The billionaire chair of the embattled China Evergrande Group has been placed under police surveillance, it was reported on Wednesday.
TUI was among those on the list of director buys on Wednesday after its chief executive officer purchased almost 50,000 shares.
The US Department of Justice has reportedly stepped up its probe into Credit Suisse and UBS over suspected compliance failures that allowed Russian clients to evade sanctions.
London stocks had edged lower by midday on Wednesday as the prospect of higher-for-longer interest rates continued to weigh on sentiment.
Citigroup has slashed its target price for Entain by nearly a third after the gambling company's disappointing third-quarter update this week, but remained broadly positive on the stock.
European shares were lower on Wednesday as worries over interest rates continued to unsettle investors, leading to a sharp fall on US markets overnight on the back of surging treasury yields.
A drop in bond yields was triggering a rise on stock futures on Wednesday as markets attempted to rebound after heavy falls the previous session.
Asset finance software company Alfa Financial Software Holdings confirmed on Wednesday that it is in preliminary takeover talks with US private equity firm Thomas H Lee Partners.
Samsung SDI is to invest $2bn building a second battery plant in the US with global car group Stellantis, it was confirmed on Wednesday.
Casual dining operator Tasty reported minor first-half revenue growth on Wednesday, with a 0. 9% increase year-on-year to £21. 7m.
Sweden's H&M Group reported a jump in profits on Wednesday, in line with expectations, but warned that unseasonably hot weather had dented current trading.