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US close: Stocks higher as traders shrug off tariff concerns
Major indices closed higher on Wednesday as market participants seemed to look past tariff concerns that rocked markets earlier in the week.
Broker tips: Raspberry Pi, Schroders, RHI Magnesita, Fresnillo
Jefferies downgraded Raspberry Pi on Wednesday to 'hold' from 'buy' "pending visibility of recovery" but hiked its price target on the stock to 770. 0p from 448. 0p.
London close: Stocks rise as trade tensions continue
London stocks edged higher on Wednesday as investors weighed the ongoing effects of trade tensions linked to US president Donald Trump’s policies.
Director dealings: Staffline chairman lowers stake
Staffline revealed on Wednesday that chairman Thomas Spain had disposed of 45,576 ordinary shares in the AIM-listed recruitment firm.
Investec upgrades Crest Nicholson to 'buy'
Investec upgraded its stance on housebuilder Crest Nicholson on Wednesday to ‘buy’ from ‘hold’.
Petro Matad's Block XX gets special purpose land designation
Petro Matad confirmed on Wednesday that the Block XX exploitation area, which includes the company’s producing Heron oilfield, had been officially designated as State Special Purpose Land in Mongolia.
US open: Stocks mixed as tech stocks weigh on Nasdaq
Wall Street trading got off to a mixed start early on Wednesday as share price losses at tech giants Alphabet and AMD put pressure on the broader market.
Europe open: Shares edge ahead amid tariff tit-for-tat; Santander surges
European shares opened slightly higher on Wednesday amid another earnings dump as investors continued to monitor the latest cat and mouse game between US President Donald Trump and his tariff targets.
Grainger shares jump as rental income rises on strong demand
Shares in Grainger jumped on Wednesday as the private housing provider said net rental income rose 15% year on year in the four months to the end of January 2025, driven by strong demand and portfolio growth, and added that government plans to build more homes “further strengthens our outlook for the future”.
London open: FTSE nudges up; GSK surges on guidance upgrade
London stocks nudged higher in early trade on Wednesday as investors mulled disappointing US tech results and continued to assess the impact of Trump’s trade war.
London midday: Stocks slightly higher; GSK jumps on guidance upgrade
London stocks were still a touch higher by midday on Wednesday as investors continued to mull the impact of Trump’s trade war, with GSK surging after it lifted its long-term sales guidance and launched a £2bn buyback.
FTSE 100 movers: GSK surges on guidance; DCC in the red
London’s FTSE 100 was up 0. 4% at 8,604. 03 in afternoon trade on Wednesday.
JPMorgan names Fresnillo as top gold mining pick
JPMorgan has raised its target price for precious metals miner Fresnillo from 900p to 1,000p and named the stock its top pick among the EMEA-listed gold mining sector.
US private sector adds more jobs than expected in January
Private sector employment in the US rose more than expected in January, according to data released on Wednesday by ADP.
AMD numbers disappoint despite sales jump
Shares in AMD fell sharply on Wednesday, after quarterly numbers from the US chip maker disappointed.
Sales slide at Harley-Davidson, hitting shares
Shares in Harley-Davidson came under pressure on Wednesday, after softer consumer confidence hit revenues at the US motorcycle manufacturer.
Berenberg raises target price on RHI Magnesita
Analysts at Berenberg hiked their target price on RHI Magnesita from 4,150. 0p to 4,400. 0p on Wednesday, noting that the group's recent acquisition of Resco had provided it with better US access.
Arrow Exploration reports drilling progress at Alberta Llanos
Arrow Exploration updated the market on its drilling operations at the Alberta Llanos field in Colombia’s Llanos Basin on Wednesday, where it holds a 50% beneficial interest.
Thor Energy appoints Andrew Hume as managing director
Thor Energy announced the appointment of Andrew Hume as its managing director on Wednesday, with his role based in Perth, Western Australia.