Latest News
Stocks jump as Fed shifts to meeting by meeting approach
US monetary policymakers shifted back towards a meeting by meeting approach to setting interest rates on Wednesday, instead of offering explicit guidance on the magnitude of their next move.
Thursday preview: US Q2 GDP, Barclays in focus
Investors' attention on Thursday will be on whether the US entered a so-called 'technical' recession, widely defined as two consecutive quarters of negative growth, during the second quarter.
Europe close: Italian shares outperform as Unicredit ups guidance
European shares were higher on Wednesday amid a deluge of corporate results as cautious investors eyed the energy supply situation and awaited a rise in US interest rates.
Sector movers: Cyclicals, Travel and Leisure names pace gains
Cyclicals paced gains ahead of the US central bank's policy announcement, possibly on hopes that policymakers might rein in their outlook for further interest rates.
London close: Stocks make gains ahead of crunch Fed decision
London stocks closed in positive territory on Wednesday, helped along by well-received updates from the likes of Smurfit and Reckitt, as investors pored over fresh data from across the pond ahead of the latest policy announcement from the Federal Reserve later.
US foreign trade narrows in June as imports dip
America's shortfall on trade in goods with the rest of the world shrank more quickly than expected last month, as imports slipped.
Director dealings: THG chief buys, gives away £0.82m of shares
Online retail group THG was at the top of the list of director buys on Wednesday, after its chief executive officer gifted shares to a number of his friends.
Dollar strength masks first-half progress at Boku
Mobile payments provider Boku said in an update on Wednesday that first-half payments revenue was expected to be at least $30. 3m, broadly in line with the $30. 7m it reported last year.
Barclays sees 'opportunity' in Sabre Insurance after 'significant' de-rating
Analysts at Barclays reiterated their 'overweight' stance on shares of Sabre Insurance Group, telling clients that the "significant" de-rating in the shares was an opportunity.
US pending home sales fall as mortgage rates rise
US pending home sales fell in June following a slight increase the month before, as mortgage rates rose, according to figures released on Wednesday by the National Association of Realtors.
Broker tips: Unilever, EasyJet
Analysts at Deutsche Bank upgraded consumer goods company Unilever to 'buy' from 'hold' on Wednesday, stating prospects had now improved for the group.
FTSE 100 movers: Smurfit rallies on results; Rio in the red
London’s FTSE 100 was up 0. 7% in afternoon trade on Wednesday at 7,356. 85.
US open: Stocks higher as Q2 earnings continue to roll in
Wall Street stocks were in the green early on Wednesday as investors digested another fat stack of corporate earnings and awaited the outcome of the Federal Reserve's latest policy meeting.
Morrisons owner CD&R struggling to sell Motor Fuel Group - report
Clayton Dubilier & Rice’s efforts to sell Motor Fuel Group are reportedly stalling.
US durable goods orders jump in June as defence aircraft orders nearly double
Orders for goods made to last more than three years posted a sharp and unexpected rise last month, albeit mainly on the back of a near doubling in orders for defence aircraft.
Smart Metering lifts full-year earnings expectations
Smart Metering Systems said in a trading update on Wednesday that its index-linked annualised recurring revenue had grown 8% over the six months to 30 June, to £93. 1m, as it lifted its full-year earnings expectations.
Chip shortage, China lockdowns led to Q1 loss for Jaguar Land Rover
Jaguar Land Rover reported strong demand and a record order book in its first quarter on Wednesday, but said sales were still constrained by the global chip shortage.
Breedon wary going forward after strong first half
Construction materials group Breedon reported a 12% improvement in underlying revenue in its first half on Wednesday, to £671. 1m, as it also hiked its interim dividend.
Credit Suisse names new CEO as losses widen significantly
Credit Suisse named a new chief executive officer on Wednesday, as it reported a much deeper loss than was expected in the second quarter.