Latest News
RBC picks National Grid and SSE as top utility stocks
RBC has cut its target prices for a host of UK utility stocks, but highlighted networks National Grid and SSE as its top picks in the sector.
Tracsis describes robust full-year growth
Transport technology specialist Tracsis reported robust growth, as well as a strong financial position, in a full-year trading update on Wednesday.
London midday: Markets shrug off weak data as utilities gain
London's Footsie index was up 1% by lunchtime on Wednesday, led by strong gains from utility stocks, despite some disappointing economic data across Europe.
Jadestone working to rectify Montara defects
Asia-Pacific oil and gas producer Jadestone Energy updated the market on the Montara Venture floating production, storage and offloading (FPSO) vessel, offshore Australia, on Wednesday.
CMA revises provisional findings in Hitachi's rail signalling takeover
The Competition and Markets Authority (CMA) issued a revised assessment over Hitachi’s planned €1. 7bn rail signalling acquisition on Wednesday, of the Ground Transportation (GTS) segment of Thales.
Asia report: Markets a mixed bag on slew of regional data
Asia-Pacific markets delivered a mixed performance on Wednesday, on the back of diverse economic data points from a number of countries in the region.
UK's Ofgem fines Morgan Stanley £5.4m for WhatsApp breaches
UK energy regulator Ofgem has fined the US bank Morgan Stanley more than £5. 4m after its energy traders used WhatsApp to talk about transactions.
UK private sector output falls at fastest pace in two-and-a-half years
Output in the UK private sector fell in August at the fastest pace since January 2021, according to a survey released on Wednesday.
Prudential a 'buy' ahead of H1 results, says Deutsche Bank
Deutsche Bank has cut its target price for insurance giant Prudential ahead of its results next week, but said the stock is still an "attractive" investment at the current valuation.
Angling Direct upbeat on first-half sales growth
Fishing tackle and equipment retailer Angling Direct reported an 11. 4% improvement in first-half revenue on Wednesday, to £43. 3m.
Wynnstay appoints Rob Thomas as finance director
Agricultural and specialist merchanting group Wynnstay said on Wednesday that it has appointed Rob Thomas as its new finance director.
Things are finally looking up for Hochschild Mining, says Berenberg
Berenberg has hiked its target price for the shares of precious metal producer Hochschild Mining by 30%, saying it's time to "revisit the investment case" after a tough number of years for the company.
Europe open: Shares make solid start despite weak German PMI data
European stock markets made a solid start to trading on Wednesday, as investors awaited eurozone PMI survey data and earnings from US tech giant Nvidia.
London open: Stocks rise ahead of PMIs
London stocks rose in early trade on Wednesday following a positive Asian session, as investors eyed a slew of PMI readings.
GSK reports positive results from shingles vaccine trials in China
GSK reported significant positive findings from its first efficacy trial of the ‘Shingrix’ shingles vaccine in China on Wednesday.
Costain hints at dividend after solid first half
UK construction and engineering company Costain said it is considering bringing back its dividend payments after a strong first-half performance in which is strengthened its balance sheet and refinanced debt.
Reckitt finance chief departing, Ithaca first-half profits grow
London open The FTSE 100 is expected to open 14 points higher on Wednesday, having closed up 0. 18% on Tuesday at 7,270. 76.
Reckitt Benckiser CFO Carr to retire
Reckitt Benckiser said on Wednesday that chief financial officer and executive director Jeff Carr plans to retire at the end of March next year.
London pre-open: Stocks seen up ahead of PMIs
London stocks were set to rise at the open on Wednesday following a positive Asian session, as investors eyed a slew of PMIs.
Cohort wins £17.5m defence tech contract
AIM-listed tech group Cohort has announced a contract win for a major defence programme worth £17. 5m.