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Rio Tinto maintains dividend after stable first half
Rio Tinto reported underlying EBITDA of $12. 1bn for its first half on Wednesday, making for a modest 3% increase from the same period in 2023.
Ferrexpo H1 profits more than double
Ukraine-focussed mining firm Ferrexpo shares traded higher on Wednesday after the London-listed group revealed interim profits had more than doubled.
Rathbones H1 profits surge after IW&I merger
Rathbones posted a jump in first-half profit and funds under management on Wednesday as it said it was ahead of its objectives following a merger with Investec Wealth & Investment (IW&I).
Conduit RoE improves amid 'strong' growth in gross written premiums
Reinsurance business Conduit said on Wednesday that its return on equity had improved in the six months ended 30 June, driven by "strong" year-on-year growth in gross written premiums.
Design and installation segment weighs on Wickes H1 revenues
Wickes posted a drop in first-half group revenue on Wednesday as it was hit by "challenging" conditions in its design and installation division.
London open: Stocks gain ahead of Fed announcement
London stocks rose sharply in early trade on Wednesday, underpinned by strength in the mining and energy sectors, as investors eyed the latest policy announcement from the US Federal Reserve.
Diageo's sell-off marks attractive buying opportunity, says Citi
Diageo's stock was attempting a rebound on Wednesday after a sell-off the previous session as its full-year results disappointed, but that didn't stop Citi from reiterating its 'buy' recommendation on the stock.
Europe open: Shares march on ahead of rate calls; JDE Peet's surges
European shares continued to rally on Wednesday as investors looked ahead to eurozone inflation data, rate decisions from the US and UK amid another dump of corporate earnings.
Just Eat H1 core profit rises, €150m share buyback launched
Just Eat backed its guidance for 2024 on Wednesday as it posted a more than 40% increase in first-half core profit and announced a new €150m share buyback programme.
GSK lifts guidance as Q2 sales beat forecasts
UK pharmaceutical company GSK raised annual forecasts after better-than-expected second-quarter results, driven by a strong performance from its cancer and HIV treatments.
Fresnillo hit by cyber incident but expects no financial impact
Precious metals producer Fresnillo has revealed that it was hit by a cyber attack that resulted in unauthorised access to certain IT systems and data.
Taylor Wimpey's H1 profits drop 21% as costs rise, pricing falls
UK housebuilder Taylor Wimpey saw profits fall by more than a fifth in the first half as residual build cost inflation and weaker pricing hit margins, but said it now expects full-year completions to be at the top end of guidance after a solid operational performance.
Bank of Japan lifts rates to 0.25%
Japan's central bank increased the cost of borrowing for only the second time in 17 years as it tried to tighten monetary policy in the world's fourth-largest economy.
London pre-open: Stocks seen up ahead of Fed, BoE policy announcements
London stocks were set for a positive open on Wednesday as investors looked ahead to policy announcements from the US Federal Reserve and the Bank of England.
HSBC beats interim profit estimates, Rio Tinto maintains interim dividend
London open The FTSE 100 is expected to open 73 points higher on Wednesday, having closed down 0. 22% on Tuesday at 8,274. 41.
Wednesday newspaper round-up: Workplace sickness, Google-Anthropic, Carpetright
The hidden cost of rising workplace sickness in the UK has increased to more than £100bn a year, largely caused by a loss of productivity amid “staggering” levels of presenteeism, a report warns. Analysis by the Institute for Public Policy Research (IPPR) shows the cost of staff sickness has grown by £30bn a year to £103bn in 2023. The annual bill was £73bn in 2018, its study found. – Guardian.