Market Report
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.
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.
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.
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.
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.
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.
London midday: FTSE gains amid Powell relief
London stocks had extended gains by midday on Wednesday, having hit a fresh all-time high, as investors welcomed less hawkish than feared comments from US Federal Reserve chair Jerome Powell.
TP Icap ditches talks over data division sale - report
Interdealer broker TP Icap has reportedly ditched talks about a sale of its data division, Parameta, despite coming under pressure to return more cash to investors.
Barclays hikes BP price target
Barclays hiked its price target on BP on Wednesday to 1,000p from 700p following the oil giant’s results a day earlier.
Europe open: Shares up as Powell speech soothes rate fears
European shares opened strongly on Wednesday, taking their cue from a rally on Wall Street after less-hawkish-than anticipated comments from US Federal Reserve chief Jerome Powell.
Berenberg slightly raises target price on Yellow Cake following 'timely acquisition'
Analysts at Berenberg slightly raised their target on uranium business Yellow Cake from 543. 0p to 552. 0p on Wednesday following a "timely acquisition" by the group.
Renold sees FY profits ahead of market expectations
Renold said on Wednesday that full-year profits were set to be ahead of current market expectations following strong trading since the interim results in November.
JPMorgan upgrades Trustpilot to 'overweight'
JPMorgan Cazenove lifted Trustpilot to ‘overweight’ from ‘neutral’ on Wednesday and upped the price target to 150p from 100p, as it said EBITDA was at a turning point and the top line has been de-risked.
London open: Stocks rise as investors mull Powell comments
London stocks hit a record high in early trade on Wednesday, having taken their opening cue from gains on Wall Street, as investors mulled the latest comments from US Federal Reserve chair Jerome Powell.