Latest News
UK inflation hits fresh record high in June
Inflation has hit a fresh record, official data showed on Wednesday, climbing to 9. 4% on the back of surging food and fuel prices.
Netflix loses 1 million subscribers in Q2
Subscriber numbers at the streaming giant Netflix continued to fall in the second quarter, though the loss was less than expected.
TRIG acquires a further 2.4% equity interest in Hornsea One
Investment company the Renewables Infrastructure Group has acquired a further 2. 4% equity interest in the Hornsea One offshore wind farm, located off the coast of northeast England.
Europe open: Stocks nudge up as gas supply concerns ease
European stocks were a touch higher overall in early trade on Wednesday following an upbeat session on Wall Street and as worries about gas supplies eased, but gains were muted ahead of an address by Italian Prime Minister Mario Draghi.
Pendragon delivers 'another strong performance' in H1
Automotive retailer Pendragon delivered "another strong performance" in the first half of 2022, with the group now expecting to report interim underlying pre-tax profits of roughly £33. 0m.
London open: FTSE gains on positive US cues; inflation hits fresh 40-year high
London stocks rose in early trade on Wednesday, taking their cue from a positive session on Wall Street, as investors mulled the latest UK inflation figures.
Beijing leaves lending rates unchanged
China has left two benchmark lending rates unchanged, it was announced on Wednesday, in line with forecasts.
Morses Club considers scheme of arrangement to settle redress claims
Subprime lender Morses Club said on Wednesday that it was considering using a scheme of arrangement to deal with the rising number of customer redress claims for unaffordable lending.
Antofagasta lowers FY copper guidance
Mining giant Antofagasta lowered full-year copper guidance on Wednesday after Q2 production levels dropped and costs increased as a result of a drought in Chile, the temporary shuttering of its concentrate pipeline at Los Pelambres, and lower grades at Centinela Concentrates.
Premier Foods backs FY expectations as Q1 sales rise
Mr Kipling and Oxo owner Premier Foods said on Wednesday that it was firmly on track to meet full-year expectations as it posted a jump in first-quarter revenues.
Royal Mail Q1 revenues slump, Weir submits 'more ambitious' emissions reduction targets
London pre-open The FTSE 100 was being called to open 38. 5 points higher ahead of the bell on Wednesday after the index closed the previous session 1. 01% stronger at 7,296. 28.
London pre-open: Stocks to gain after positive US session; inflation in focus
London stocks were set to rise at the open on Wednesday following a positive US close, as investors mulled the latest UK inflation data.
Weir submits 'more ambitious' emissions reduction targets
Engineering firm Weir has submitted "more ambitious" scope 1,2 and 3 emissions reduction targets to the Science Based Targets Initiative for validation.
Wednesday newspaper round-up: Netflix, Amazon, Twitter
Netflix reported better-than-expected earnings on Tuesday, seeing a smaller exodus of viewers than originally forecast even as the platform struggles to maintain its meteoric pandemic growth. Though Netflix reported its second straight quarterly drop in subscriber growth, and lost 1 million viewers in the second quarter of 2022, that number was lower than the 2 million it had projected in its previous report. Shares were up 10% in after-hours trading. – Guardian.