Latest News
Just Eat Takeaway to ditch London listing
Just Eat Takeaway said on Wednesday that it plans to ditch its secondary listing on the London Stock Exchange after 24 December.
VW offloads Chinese factory, extends partnership with SAIC
Volkswagen Group is to sell a controversial factory in China for "economic reasons", it confirmed on Wednesday.
US pre-open: Futures lower ahead of PCE reading
Wall Street futures were in the red ahead of the bell on Wednesday ahead of a flurry of economic data, including the Federal Reserve's preferred inflation gauge.
Europe open: Shares down on Trump tariff impact; Grifols slumps
European shares opened lower on Wednesday as the spectre of high US tariffs threatened by President-elect Donald Trump dampened sentiment and prompted warnings from central bankers of the impact on growth and inflation.
Berenberg keeps 'sell' rating on Anglo after steelmaking coal exit
Anglo American's first step of its simplification plan was welcomed by investors this week with shares rising after the sale of its metallurgical coal business; but Berenberg wasn't convinced, with the broker raising concerns about its restructuring strategy.
Europe midday: Shares extend losses on tariff worries
European shares opened extended losses on Wednesday as the spectre of high US tariffs threatened by President-elect Donald Trump dampened sentiment and prompted warnings from central bankers of the impact on growth and inflation.
London midday: FTSE flat ahead of US PCE; Pets at Home tumbles
London stocks were still steady by midday on Wednesday as investors continued to mull the implications of US President-elect Donald Trump’s new tariffs and ahead of a key US inflation reading.
Mitchells & Butlers swings to FY profit, sees 5% cost rise
UK pub and restaurants group Mitchells & Butlers posted better-than-expected annual profits and said like-for-like trading in the first seven weeks of the current fiscal year was up 4%.
Focusrite reports fall in full-year revenue, earnings
Music and audio products company Focusrite reported an 11. 2% decline in full-year revenue on Wednesday, to £158. 5m, driven by weak demand in its content creation segment as the market continued to de-stock following the Covid-19 pandemic.
Macro concerns drag German consumer confidence to seven-month low
Consumer morale in Germany has fallen to a seven-month low with fears about a recession and unemployment weighed heavily on income expectations, according to a closely watched survey by the GfK Group and the Nuremberg Institute for Market Decisions (NIM).
European Metals confirms site for Cinovec processing plant
European Metals Holdings confirmed on Wednesday that the processing plant for its flagship Cinovec Lithium Project in the Czech Republic would be located at the site of the former Prunéřov 1 Power Station (EPR1).
Air France-KLM said to be in talks to snap up 20pc stake in Air Europa
Airline group Air France-KLM was said to be in talks to acquire a 20% stake in Spanish airline Air Europa, according to El Economista.
Strix shares slide on revised profit outlook
Kettle safety control and water technology specialist Strix Group revised its profit forecast for the year on Wednesday, citing weaker-than-expected consumer demand in key regulated markets and ongoing macroeconomic challenges.
Jefferies downgrades Boohoo to ‘hold’, slashes price target
Jefferies downgraded Boohoo on Wednesday to ‘hold’ from ‘buy’ and slashed the price target to 30p from 70p as it said "challenges persist".
Gateley confident after strong first half
Professional services firm Gateley Holdings reported a strong first-half performance in a trading update on Wednesday, with both revenue and underlying profit before tax rising by about 5%.
BT Group's Marc Allera to step down
Telecommunications giant BT Group revealed on Wednesday that Marc Allera will step down as chief executive of its consumer division.
EasyJet profits soar on holiday demand, smaller winter losses
Low-cost airline easyJet reported a surge in full-year profit and boosted its dividend on strong summer holiday demand and a narrowing of winter losses as it swerved some of the problems faced by its rivals.
Grifols shares drop as buyer Brookfield loses interest - report
Grifols share price dropped by more than a tenth on Wednesday on reports that suitor Brookfield was considering dropping its planned takeover of the Spanish healthcare group.
Asia report: Markets mixed as RBNZ cuts rates, China industrial profits fall
Asia-Pacific markets presented a mixed performance on Wednesday, reflecting investor caution after New Zealand’s central bank cut interest rates, China reported a decline in October industrial profits, and Australia released lower-than-expected inflation figures for the month.
Faron announces promising MDS trial results
Faron Pharmaceuticals announced promising interim phase two results from its ‘BEXMAB’ trial on Wednesday, targeting relapsed or refractory myelodysplastic syndrome (r/r MDS) patients.