Latest News
Thursday preview: US producer prices, UK house prices in the spotlight
Investors' attention on Thursday will continue to be trained on the US inflation picture as the Department of Labor publishes producer price figures for the month of July.
TUI makes Q3 loss after €75m in flight disruption costs
Holiday company TUI said the travel chaos seen across Europe this summer had pushed it to a posted a third-quarter operating loss as it incurred extra costs, but added that summer bookings were close to pre-pandemic levels.
It's no dough for Domino's as Italy says ciao
In the end it was all too much, US takeaway giant Domino’s attempt to grab a slice of the lucrative market in Italy fell flat in the home of pizza as the local franchise holder shuttered its outlets.
US inflation slows to 8.5% in July
US inflation slowed more than expected in July, according to the Bureau of Labor Statistics, advancing at an 8. 5% clip in July, down from June's 40-year high of 9. 1%.
Government 'working up' cost-of-living package for new PM
The government is working on a new cost-of-living package to support Britons facing monumental uplifts in bills and prices, it was suggested on Wednesday, for the next prime minister to consider.
US pre-open: Futures trade higher ahead of CPI reading
Wall Street futures were trading higher ahead of the bell on Wednesday as market participants patiently awaited the arrival of last month's CPI reading.
4imprint shares surge on half-year results
Shares in promotional gift seller 4Imprint surged on Wednesday after the company posted a rise in interim profits.
London midday: Stocks muted ahead of US inflation figures
London stocks were still little changed by midday on Wednesday as investors erred on the side of caution ahead of the latest US inflation data.
Europe midday: Shares rally ahead of US CPI
European shares rallied by midday on Wednesday ahead of key US inflation data, with strong corporate results pulling the Stoxx 600 above the flatline.
Bitcoin and cryptos fall after Coinbase's billion-dollar loss
Bitcoin, and the cryptocurrency market in general, are in the red on Wednesday after around $3 billion evaporated from the market in 24 hours during the wake of negative results from Coinbase. The top cryptocurrency by market cap is trading on the edge of $23,000, down 3% from Tuesday, while other tokens have even lost 5% in the past 24 hours. The total market value lost $1. 1 trillion.
Asia report: Stocks slide across region after China inflation data
Stock markets were mostly lower in the Asia-Pacific region at the end of Wednesday’s trading, as investors digested rising inflation in China and looked ahead to a key inflation report out of the United States.
Musk sells $6.9bn of Tesla shares ahead of Twitter trial
Tesla boss Elon Musk has sold 7. 9m shares in the electric maker in case he loses a legal battle with Twitter and ends up having to buy the social media platform.
CLS launches buyback as share price discount persists
Commercial landlord CLS reported a 17. 8% fall in first-half profit before tax on Wednesday, to £20. 3m, while EPRA earnings per share rose 74% to 5. 8p, as it announced a £25. 5m share buyback.
Jefferies starts Pets at Home at 'buy'
Jefferies initiated coverage of Pets at Home on Wednesday at ‘buy’ with a 425p price target as it highlighted the company’s "resilience and growth".
CountourGlobal performs better than expected in first half
Power generation plant operator ContourGlobal reported a 44% improvement in first-half consolidated revenue on Wednesday, to $1. 35bn.
Berenberg lowers target price on Atalaya
Analysts at Berenberg lowered their target price on Atalaya Mining from 400. 0p to 370. 0p on Wednesday after the group's second-quarter results fell short of expectations.
Deliveroo losses widen in 'challenging' market conditions
Deliveroo said on Wednesday that its losses widened in the first half in "challenging" market conditions, as it announced a £75m share buyback programme.
Hochschild Mining receives key permit in Brazil
Mining giant Hochschild Mining has been granted a key permit from Goiás state's environmental authority, the State Secretariat for the Environment and Sustainable Development, that will enable it to start construction of a processing plant and begin mine pre-stripping.
German inflation falls slightly in July
German inflation fell slightly in July to 7. 5%, confirming initial estimates, according to official data released on Wednesday.
Admiral H1 profits decline amid 'more turbulent cycle', high inflation
Insurer Admiral posted a drop in first-half profit on Wednesday, pointing to a "more turbulent cycle than usual" and high inflation.