Latest News
Thursday preview: Philly Fed index, Weekly US jobless claims in focus
Investors' focus on Thursday will be on a barrage of economic indicators in the U. S.
US close: S&P 500, Nasdaq hit two-month lows as rate-cut hopes sink
US stocks declined on Wednesday, with the S&P 500 and Nasdaq both hitting two-month lows, as investors significantly scaled back their projections for interest-rate cuts.
Sector movers: Industrial miners pace gains
Industrial miners led gains on the FTSE 350 in the middle of the week as risk aversion waned.
Asos losses widen, sales fall in first half but stock cuts ahead of target
Half-year losses at UK online fast-fashion retailer Asos have widened as it continued to deal with competition from Chinese rival Shein, but said it was ahead of target on shifting the mountain of excess stock it built up during the Covid pandemic.
Europe close: Stocks end higher but off best levels
European shares rebounded on Wednesday after a major sell-off a day earlier.
Broker tips: AO World, Asos
Analysts at Canaccord Genuity raised their target price on electrical retailer AO World from 52. 0p to 75. 0p on Wednesday after the group's trading update last week led the broker to adjust its FY24-26 estimates.
Director dealings: Angus Energy CEO ups stake
Angus Energy revealed on Wednesday that chief executive Richard Herbert had acquired 5. 0m ordinary shares in the AIM-listed onshore oil and gas development firm.
London close: Stocks mixed as bargain hunters pick over FTSE 100
London stocks showed a mixed performance by the close on Wednesday, with the top-flight index in the green as investors hunted for bargains after its four-week low on Tuesday.
US open: Stocks mixed as investors digest Powell comments
Major indices were mixed early on Wednesday, with the S&P 500 narrowly on track to snap its three-day losing streak.
FTSE 250 movers: IDS in focus on Kretinsky interest; Kainos slips again
FTSE 250 (MCX) 19,408. 65 0. 33% .
Agronomics investee Mosa Meat raises EUR 40m
Cellular agriculture investor Agronomics announced the completion of a €40m fundraising round by its portfolio company Mosa Meat on Wednesday.
Eli Lilly weight-loss drug 'significantly' reduces sleep apnoea
Eli Lily’s weight-loss drug tirzepatide has been shown to “significantly” reduce sleep apnoea severity, the US drugs giant said on Wednesday.
First-quarter bookings fall sharply at ASML
Shares in ASML Holding came under pressure on Wednesday, after the chip industry giant disappointed with its first-quarter trading update.
Royal Mail-owner rebuffs takeover approach
Shares in International Distribution Services soared on Wednesday, after it emerged that Czech billionaire Daniel Kretinsky had made a takeover approach for the Royal Mail owner.
Europe midday: Shares up as IDS spikes 20% on Kretinsky bid approach
European shares extended their rally on Wednesday after a major sell-off a day earlier as investors digested UK inflation news and a rebuffed bid approach for Royal Mail owner International Distribution Services that sent the stock up 20%.
Time Out signs deal to open market in Budapest
Media and hospitality company Time Out Group announced plans for a new Time Out Market in Budapest on Wednesday, through a management agreement with Corvin Food Market.
US pre-open: Futures higher, S&P on track to snap losing streak
Wall Street futures were in the green ahead of the bell on Wednesday, with the S&P 500 on track to snap its three-day losing streak.
London midday: Stocks bounce back after sell-off, IDS soars
UK stocks were rising on Wednesday morning, rebounding slightly as investors went bargain-hunting after the FTSE 100 dropped to a four-week low the previous session.
Berenberg lowers target price on Asos
Over at Berenberg, analysts lowed their target price on fast fashion retailer Asos from 510. 0p to 490. 0p on Wednesday as it lowered its gross margin assumptions to reflect the negative impact of discounting during the first half of the fiscal year.