Latest News
Elementis shares surge as Franklin sale demand rebuffed
Shares in UK chemicals group Elementis on Wednesday surged as the company rejected a demand by major shareholder Franklin Mutual Advisers to sell the company.
UK car industry hits out at possible delay to petrol car ban
The UK motor industry has criticised plans by the government to potentially water down a number of core green policies.
Sunak waters down key green pledges ahead of election battle
UK Prime Minister Rishi Sunak on Wednesday delayed a ban on new petrol and diesel cars as part of a calculated move to water down plans to achieve net zero carbon emissions by 2050 and play wedge politics ahead of the next general election.
US close: Stocks drop on Fed's 'higher-for-longer' strategy
Stocks on Wall Street finished Wednesday's session in the red after Federal Reserve policymakers revealed that an interest-rate hike was probable at one of its next two meetings.
Thursday preview: BoE, US data in the spotlight
All eyes on Thursday would be on the Bank of England's possibly last interest rate hike for the current tightening cycle.
Europe close: Stocks jump as UK inflation undershoots
European shares extended gains on Wednesday as a surprise fall in UK inflation raised hopes the Bank of England may pause its rate rate hike programme when it meets on Thursday, while a rise in eurozone industrial production also boosted sentiment.
Fed stays put on rates, leaves door open to a further hike
The Federal Reserve stood pat on interest rates, even as it left the door open to a further interest rate hike before the year was out.
London close: FTSE at fresh four-month high ahead of central bank decisions
London's benchmark FTSE 100 closed with strong gains on Wednesday with investors in an optimistic mood after data showed that UK inflation unexpectedly slowed, as markets awaited central bank meetings at both the Federal Reserve and Bank of England.
Director dealings: Currys non-exec invests, Caledonia CEO covers tax bill
Currys was on the list of director purchases on Wednesday after its deputy non-executive chair picked up almost £0. 1m of shares.
FTSE 100 movers: Property stocks jump as inflation eases, Pearson falls
Property stocks were the best performers of the day after data showed a surprise drop in UK inflation. With a surge in mortgage rates and sluggish demand leading to falling profits for housebuilders and valuation declines at real estate groups over recent months, a decline in inflation has raised hopes we may be nearing the trough in the cycle.
FTSE 250 movers: Elementis soars; Housebuilders in focus after CPI falls
Shares in UK chemicals group Elementis on Wednesday surged as the company rejected a demand by major shareholder Franklin Mutual Advisers to sell the company.
US open: Stocks rise ahead of FOMC decision
US stocks edged higher on Wednesday as investors showed optimism ahead of a keenly anticipated Federal Reserve meeting, after which policymakers are widely expected to keep interest rates unchanged.
Cazoo agrees $630m debt-for-equity swap with bondholders
Troubled online car seller Cazoo has agreed a debt-for-equity swap with its bondholders and is now recommending shareholders support the plan.
Poolbeg gets notice of a new Japan patent
Clinical-stage biopharmaceutical company Poolbeg Pharma announced the receipt of a notice of allowance from the Japanese Patent Office for its Immunomodulator I patent application on Wednesday.
Journeo acquires MultiQ Denmark in EUR 2.5m deal
Transport technology and systems supplier Journeo announced its acquisition of MultiQ Denmark on Wednesday for €2. 5m.
Watchdog calls on motor insurers to ensure fair value
The competition watchdog has warned motor insurers that they must provide better value for customers buying certain add-on products.
Crimson Tide wins deal with UNC Health
Crimson Tide announced further expansion into the US market on Wednesday by partnering with a new client responsible for catering services at UNC Health, a division of the University of North Carolina (UNC).
Berenberg sees upside risk to profits at Gym Group
Berenberg has reiterated its 'hold' rating on Gym Group after the company's positive interim results last week, but said that some upside risk to forecasts remains this year.
Shore Capital upgrades Supermarket Income REIT to 'hold'
Shore Capital has upgraded its recommendation for Supermarket Income from 'sell' to 'hold', saying that the real estate group's full-year results demonstrated "portfolio resilience" in the second half.
US pre-open: Futures point slightly higher ahead of Fed decision
Wall Street's main market gauges looked primed for a slightly higher start on Wednesday, as traders sat on their hands ahead of the Federal Reserve's policy announcement at 1900 BST.