Latest News
Wednesday preview: US services, Darktrace in the spotlight
Financial markets' attention on Wednesday will shift more towards the U. S. where two surveys covering the health of the country's services sector are set for release.
US close: Stocks fall on gloomy data, but oil prices jump
US markets finished with moderate losses on Tuesday, with the S&P 500 pulling back from a one-month high as investors returned to their desks after the Labor Day holiday with a risk-off approach.
Europe close: Stocks and euro slip, oil jumps
European shares extended losses on Tuesday as weak services survey data from China and the eurozone dampened sentiment.
London close: Stocks fall on back of weak services data
London’s stock markets ended the trading day in negative territory on Tuesday, pressured by a decline in sterling against the dollar on the back of disappointing services sector data.
US open: Markets slip as investors digest poor data
US stocks retreated on Tuesday, with the S&P 500 pulling back from a one-month high, as poor economic data dampened market sentiment after the long weekend.
Broker tips: B&M, Tesco, Lancashire
JP Morgan cut its performance rating for UK-listed stocks B&M and Tesco as part of its downgrade of the whole European food retail sector.
Chip designer Arm seeking to raise $4.9bn in NY listing
Chip designer Arm is looking to raise up to $4. 87bn for owner Softbank in a New York listing.
FTSE 250 movers: Caledonia gains on sale
Caledonia Investments said it was selling its majority stake in retail wealth manager Seven Investment Management (7IM), to Ontario Teachers' Pension Plan Board for £255m.
FTSE 100 movers: Oil giants rally; B&M hit by rating downgrade
London’s FTSE 100 was up 0. 2% at 7,466. 64 in afternoon trade on Tuesday.
Saudi Arabia extends voluntary oil cut - report
Saudi Arabia has extended its 1-million-barrels-per-day voluntary oil production cut until the end of the year, CNBC reported, citing the state-owned Saudi Press Agency.
Director dealings: Wetherspoon chair, easyJet director make purchases
On the list of director purchases on Tuesday was pub chain JD Wetherspoon, after its outspoken chairman picked up almost a million shares.
SkinBioTherapeutics selects probiotic blends for acne study
Skin health specialist SkinBioTherapeutics updated the market on its decision on the probiotic blends to be used in a consumer volunteer study aimed at acne treatment on Tuesday.
XLMedia inks three-year partnership with Atlanta Journal-Constitution
Sports and gaming content specialist XLMedia announced a three-year exclusive partnership with the Atlanta Journal-Constitution (AJC) on Tuesday.
Brickability confident in its trading despite macro concerns
Construction materials distributor Brickability said in an update on Tuesday that trading in the current financial year to 31 March 2024 had continued well, with the group performing in line with board expectations throughout the first quarter and to 31 July.
US pre-open: S&P 500 to retreat from one-month high
US stock futures were pointing to a weak start on Wall Street on Tuesday, as investors returned to their desks after the three-day weekend in a risk-off mood.
Midwich revenue, earnings rise on robust live events market
Trade-focussed audio-visual distributor Midwich Group reported a robust first-half financial performance on Tuesday, even amid challenging market conditions.
Craneware upbeat on post-pandemic US healthcare market
Healthcare software specialist Craneware reported significant gains across a number of financial metrics in its full-year results on Tuesday, positioning itself favourably for the upcoming year.
B&M snaps up 51 Wilko stores for £13m
Discount retail chain B&M is to buy "up to" 51 stores from collapsed rival Wilko, which fell into administration last month.
Europe midday: Shares slip as EZ, China PMI data spooks investors
European shares extended losses on Tuesday as weak services survey data from China and the eurozone dampened sentiment.
SigmaRoc posts strong set of interim numbers
Quarried materials specialist SigmaRoc reported strong first-half numbers on Tuesday, including 17% growth in revenue to £290m, and a 15% increase in EBITDA to £54. 9m.