Latest News
Europe close: Stocks dip as French elections near
European stocks slipped into the red on Wednesday as investors digested consumer survey data from Germany showing an unexpected drop in consumer sentiment.
London close: Stocks finish choppy day in the red
London stocks ended in negative territory on Wednesday, influenced by a downturn in retail sales data for June.
Thursday preview: US jobless claims, durable goods orders in focus
Investors' attention on Thursday will be on a flurry of economic indicators that are due out in the US.
Director dealings: Real Estate Investors, Landsec execs make trades
Among the director dealings disclosed to the market on Wednesday were two transactions involving senior executives from Real Estate Investors and Land Securities, respectively.
US open: Stocks trade slightly lower as investors wait on inflation data, Q2 end
Wall Street's main market indices were trading mixed as investors bid their time ahead of a key inflation reading due out on Friday, the last trading session of the second quarter.
Broker tips: Future, Whitbread
Future surged on Wednesday as Jefferies upgraded the shares to ‘buy’ from ‘underperform’ and hiked the price target to 1,280p from 635p.
FTSE 100 movers: Anglo American up despite dull De Beers; Haleon falls
FTSE 100 (UKX) 8,210. 01 -0. 46%.
L&G to sell Glencore, TJX stakes over environmental concerns
Legal & General Investment Management (LGIM) said that its environmental, social and governance and some pension funds would divest their stake in commodities miner and trader Glencore due to its thermal coal operations.
Bosch weighing offer for Whirlpool - report
German engineering group Robert Bosch is reportedly considering a bid for US appliance maker Whirlpool.
MNC Capital lifts takeover bid for Vista Outdoor to $3.2bn
MNC Capital Partners said on Wednesday that it has upped its all-cash takeover offer for Vista Outdoor to $42 per share, or $3. 2bn, from $39. 50 earlier in the month.
First Property swings to full-year loss
UK and central Europe-focussed property fund manager and investor First Property Group reported a statutory loss before tax of £4. 41m in its preliminary results on Wednesday, swinging from a £2. 49m profit before tax recorded in the prior year.
Creo Medical reports year of solid progress
Surgical endoscopy medical device specialist Creo Medical Group reported solid progress over the last 12 months in an update on Wednesday, as it leveraged funds from the March 2023 equity raise to advance its strategic goals.
Haleon to sell NRT business outside of the US to Dr Reddy’s for £500m
Haleon said on Wednesday that it has agreed to sell its nicotine replacement therapy (NRT) business outside of the US to Dr Reddy's Laboratories for £500m.
Panthera issues update on Bhukia dispute, secures litigation funding
Gold explorer and developer Panthera Resources updated the market on the ongoing dispute with the Republic of India over the Bhukia project on Wednesday, confirming that it had secured litigation financing for the dispute.
Learning Technologies offloads VectorVMS in $50m deal
Learning Technologies Group announced the sale of its VectorVMS business to PIXID Group on Wednesday, for $50m.
Europe midday: Stoxx slips into red after German survey data
European stocks slipped into the red on Wednesday as investors digested consumer survey data from Germany showed an unexpected drop in consumer sentiment.
London midday: FTSE pares gains as retail sales slump
London stocks had pared some gains by midday on Wednesday, as data showed that retail sales slumped in June.
UK retail sales slide in June - CBI
UK retail sales fell in June, an industry survey showed on Wednesday, reversing May’s short-lived uplift.
Alliance and Witan to join forces in £5bn merger
Alliance Trust and Witan Investment Trust are to join forces, the British firms announced on Wednesday, creating a major new £5bn vehicle.