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Europe close: Shares slip on Powell inflation remarks; WoS tanks
European shares closed marginally lower on Friday after US Federal Reserve chair Jerome Powell told the Jackson Hole symposium in Wyoming rates could rise again to quell inflation he thought was "still too high".
CMC Markets shares slump on operating income warning
Financial trading platform CMC Markets said annual net operating income would be lower than last year as revenues continued to fall in a "challenging" environment.
Powell warns inflation still 'too high'
US interest rates could still be on the way to battle inflation that is "too high", Federal Reserve Chair Jerome Powell warned on Friday.
FTSE 250 movers: WoS tanks after Rolex deal; Aston Martin accelerates
Shares in Watches of Switzerland slumped by a fifth after news that Rolex had bought jeweller Bucherer AG.
FTSE 100 movers: Subdued market sees little corporate action
London stocks were firmer by midday on Friday as investors turned their attention to the Jackson Hole symposium in Wyoming, in particular speeches by Federal Reserve chair Jerome Powell and ECB president Christine Lagarde.
US Open: Shares start higher with all eyes on Powell speech
US stocks rose at the open on Friday as Wall Street investors awaited Federal Reserve Chairman Jerome Powell’s Jackson Hole speech.
Europe midday: Shares rally ahead of Jackson Hole; WoS tanks on Rolex deal
European shares rallied after a tepid start on Friday as investors awaited the speeches by Federal Reserve chair Jerome Powell and ECB president Christine Lagarde at the Jackson Hole symposium in Wyoming for any clues on the future path of interest rates.
Europe open: Shares muted as investors await Jackson Hole outcomes
European shares opened slightly lower on Friday in muted trade as investors awaited the speeches by Federal Reserve chair Jerome Powell and ECB president Christine Lagarde at the Jackson Hole symposium in Wyoming.
UK's Ofgem lowers price cap by 7%, but consumers still face high bills
Britain's energy regulator has lowered the price cap on household bills by about 7% as wholesale prices continue to fall, but customers will still face a tough winter and high bills with no government support.