Latest News
US close: Stocks mixed following FOMC decision
Wall Street stocks delivered a mixed performance on Thursday after the Federal Open Markets Committee’s latest interest rate decision a day earlier.
Sector movers: Hawkish Fed, French politics trigger bout of risk aversion
Risk aversion picked up on Thursday after policymakers at the US central bank signalled a slower pace of interest rate cuts overnight.
Europe close: Markets fall on political fears, French stocks at four-month low
European stock markets suffered a sharp sell-off on Thursday with indices in Paris, Frankfurt and Milan all dropping 2% or more on the back of ongoing political uncertainty.
Friday preview: US consumer confidence, import prices in focus
The market spotlight at the end of the week will continue to be firmly on the US and the latest inflation numbers for that economy.
Broker tips: Victrex, Great Portland
Analysts at Berenberg lowered their target price on high performance polymers business Victrex from 1,680. 0p to 1,491. 0p on Thursday, stating the group was "not out of the woods yet".
London close: Stocks fall amid renewed global jitters
London markets exhibited a mixed performance on Thursday, as investors digested the latest policy announcement from the US Federal Reserve and reacted to corporate developments in various sectors.
Director dealings: Premier Foods CFO makes share sale
Premier Foods revealed on Thursday that chief financial officer Duncan Leggett had disposed of 6,164 ordinary shares in the London-listed food manufacturer.
Virgin Money profits up but still sees tough second half
Virgin Money, set to be taken over by Nationwide in a £2. 9bn deal, on Thursday posted an 18% jump in interim profit as it continued to benefit from higher interest rates and a lower bad debt charge, but reiterated it expected headwinds in the second half of the year.
Serabi Gold on track to meet production guidance
Brazil-focused gold miner Serabi Gold has reiterated full-year production targets after an acceleration of activity at its Coringa project as the production ramp-up continues.
FTSE 100 movers: Housebuilders hit by Crest Nicholson warning; Halma rallies
London’s FTSE 100 was down 0. 7% at 8,156. 78 in afternoon trade on Thursday.
FTSE 250 movers: Crest Nicholson crumbles; Pennon in favour
FTSE 250 (MCX) 20,324. 85 -0. 84% .
US open: Stocks mixed following FOMC decision
Wall Street stocks were mixed early on Thursday after the Federal Open Markets Committee’s monthly policy meeting wrapped up yesterday.
Upside surprise in weekly US jobless claims at the start of June
The number of people in the States filing for unemployment benefits moved higher during the preceding week.
US producer prices register unexpected drop in May
Wholesale inflation in the US dipped somewhat unexpectedly last month.
ADM Energy reports improvements at JKT facility
Natural resources investing company ADM Energy updated the market on Thursday on operations at its oil reclamation business, JKT Reclamation, in which it holds a 30. 6% economic interest.
Christie Group reports more favourable trading environment
Professional services provider Christie Group reported a more favourable trading environment for its transactional brokerage business in an update on Thursday, compared to the first half of 2023.
China calls on EU to scrap EV tariffs
Beijing has urged the European Union to abandon newly-announced tariffs on Chinese electric vehicles, accusing it of “politicising” trade.
R&Q Insurance mulling liquidation to complete Accredited sale process
R&Q Insurance has said that it is considering a provisional liquidation as it pushes forward to complete a sale of its program management business, Accredited, to Onex Corporation – causing shares to plummet on Thursday.
NWF FY performance seen in line with expectations
Agricultural and distribution business NWF that its full-year performance was expected to be in line with market expectations, reflecting a normalisation in the fuels and feeds markets and a strong contribution from its food division.
Ariana Resources upbeat on revised Dokwe mineral resources
Ariana Resources, an AIM-listed mineral exploration and development company with interests in gold projects across Africa and Europe, reported a revised mineral resource estimate (MRE) for its Dokwe North and Dokwe Central projects in Zimbabwe on Thursday.