Latest News
Barclays keeps 1,000p target price for BP shares ahead of CMD
Analysts at Barclays stood by their 1,000. 0p target price for shares of BP ahead of the oil major's next capital markets day.
US close: Stocks in the red as tech plays lead losses
US stocks closed lower on Tuesday, with Apple in focus on the announcement of its iPhone 15, while investors also closed their wallets ahead of August’s consumer price index data, scheduled for Wednesday.
BP CEO Bernard Looney resigns over past relationships
BP said on Tuesday that chief executive Bernard Looney has resigned with immediate effect less than four years into the job, after failing to fully disclose past relationships with colleagues.
London close: Stocks maintain gains after latest jobs data
London’s top-flight index ended Tuesday on a positive note, with AB Foods in focus on the back of an optimistic trading statement, as investors pored over the latest UK jobs data.
Wednesday preview: US CPI, UK GDP in focus
The market spotlight in the middle of the week will be squarely on the latest U. S. consumer price data.
Europe close: Stocks end mixed ahead of US CPI data, ECB decision
European shares ended on a mixed note on Tuesday as investors digested the latest reading on German investor sentiment.
Broker tips: BP, Ashtead, Chemring
Analysts at Barclays stood by their 1,000. 0p target price for shares of BP ahead of the oil major's next capital markets day.
FTSE 250 movers: JTC jumps; Chemring falls on update
London’s FTSE 250 was flat at 18,516. 63 in afternoon trade on Tuesday.
Poundland set to buy 71 Wilko locations
Another 71 Wilko stores were set to change nameplates, it emerged on Tuesday afternoon, as Poundland stepped in to acquire the locations.
US open: Stocks slightly lower ahead of Apple product event
Wall Street's main market indices were slightly in the red on Tuesday, as investors showed caution ahead of a pivotal product event for Apple scheduled for later on the day and key inflation data due out during the next session.
Smurfit Kappa tumbles after agreeing merger with WestRock
Smurfit Kappa shares tumbled on Tuesday after the company said it had agreed to merge with US rival WestRock in a deal that will create a $20bn packaging giant.
Director dealings: Mears chairman picks up shares, Croda secretary involved in sale-and-purchase
Mears Group was among those on the list of director purchases on Tuesday, after its chairman picked up a large tranche of shares.
FTSE 100 movers: AB Foods rallies; Smurfit slumps on merger
London’s FTSE 100 was up 0. 6% at 7,540. 71 in afternoon trade on Tuesday.
Barclays to cut more than 450 jobs, says Unite
Barclays is cutting more than 450 jobs, the Unite union announced on Tuesday.
Global fund managers no longer 'extreme' bearish, BoA says
Fund managers around the world remained bearish in August for the most part, but were no longer "extreme" bearish, the results of a survey showed.
Northern Bear reports promising recent trading
Building and support services provider Northern Bear released a promising trading update on Tuesday, ahead of its annual general meeting taking place later in the day.
Berenberg ups target for Ashtead Tech on strong H1 momentum
Berenberg has hiked its target price for the shares of Ashtead Technology by over a tenth after the subsea equipment rental and solutions provider raised its full-year guidance last week.
Chemring's contract issue a buying opportunity, says Shore Capital
Shares in Chemring dropped 5% on Tuesday after the company said that the timing of a key contract would determine whether it hits its full-year targets; but broker Shore Capital recommended investors to use any weakness in the stock as an opportunity to pick up shares.
Reabold Resources ups stake in LNEnergy
Oil and gas investor Reabold Resources announced a significant addition to its shareholding in LNEnergy on Tuesday, as it invested £0. 25m to increase its stake by an additional 1. 6% through the subscription of 18 new ordinary shares at a price of £13,889 each.
Europe midday: Stocks mixed as investors mull German ZEW
European shares were mixed in a tight range by midday on Tuesday as investors digested the latest reading on German investor sentiment.