Latest News
US close: Stocks manage small gains on Ukraine-Russia deal
Wall Street closed slightly higher on Tuesday, extending gains from the prior session amid reports of a partial ceasefire agreement between Ukraine and Russia.
Europe close: Report of imminent US car tariffs hits shares
European shares were lower on Wednesday amid ongoing uncertainty and nervousness around the expected 2 April date for Washington's announcement of reciprocal trade tariffs.
US open: Trade tensions ruffle investors' feathers
Wall Street gave up its early positive start to trading following a report that the US administration might announce tariffs on the car sector specifically on the same day.
London close: Stocks higher as Reeves delivers Spring Statement
London stocks closed modestly higher on Wednesday, supported by investor reaction to the chancellor’s Spring Statement and a larger-than-expected drop in UK inflation.
Broker tips: Ocado, Qinetiq
Ocado surged on Wednesday after JPMorgan Cazenove upgraded the shares to ‘overweight’ from ‘neutral’ and lifted the price target to 400p from 340p.
Director dealings: Real Estate Investors, Secure Trust Bank disclose transactions
Two director-related share purchases were disclosed in London on Tuesday, involving Real Estate Investors and Secure Trust Bank.
FTSE 100 movers: Babcock, M&S in the black
London’s FTSE 100 was up 0. 4% at 8,696. 74 in afternoon trade on Wednesday.
Imperial Brands takes wraps off new long-term strategy, 'evergreen' buyback
Imperial Brands unveiled a new long-term growth strategy to 2030 on Wednesday, building on its current five-year plan with a focus on delivering sustainable value in combustibles, scaling its next generation products (NGP) business, and driving efficiencies through a more agile, data-led organisation.
Chancellor confirms spending cuts as OBR trims growth forecasts
The chancellor confirmed cuts to welfare spending on Wednesday while pledging to turn the UK into a "defence industrial superpower", in a spring statement designed to ensure the government's fiscal targets would still be met.
Deutsche Bank downgrades Wetherspoons to ‘sell’
Deutsche Bank downgraded its stance on shares of pub group JD Wetherspoon to ‘sell’ from ‘neutral’ on Wednesday, slashing the price target to 450p from 600p following interim results.
BP finalises deal with Iraq to redevelop Kirkuk oil fields
Oil major BP has finalised a deal with Iraq to redevelop several giant oil fields in Kirkuk, in the north of the country, the company said on Wednesday.
Europe midday: Stoxx falls as UK CPI in focus
European shares were lower on Wednesday as investors assessed a surprise fall in UK inflation and an economic statement from British Finance Minister Rachel Reeves, which included savage cuts to public spending.
Reabold confirms LN Energy agreement to acquire Colle Santo
Reabold Resources confirmed on Wednesday that LN Energy had entered into a binding agreement to acquire full ownership of LNEnergy Srl, the operator of the Colle Santo gas field in Italy, marking a key step forward in the project’s development.
US pre-open: Stocks set for slightly higher start
Stocks in the US are being called to start the session slightly in the black thanks to a better-than-expected reading on durable goods orders.
GameStop surges on plan to buy Bitcoin
GameStop surged in pre-market trade on Wednesday after the video game retailer said it plans to buy Bitcoin.
Achilles moves to oust Urban Logistics chair
Activist investor Achilles Investment has called for a radical overhaul of Urban Logistics’ board, including the removal of chair Nigel Rich, it was confirmed on Wednesday.
JPMorgan upgrades Ocado to 'overweight', shares surge
Ocado surged on Wednesday after JPMorgan Cazenove upgraded the shares to ‘overweight’ from ‘neutral’ and lifted the price target to 400p from 340p.
London midday: FTSE stays up ahead of Spring Statement
London stocks were still a little firmer by midday on Wednesday, while sterling fell as investors mulled a slightly bigger-than-expected drop in UK inflation ahead of the Spring Statement.
Arecor enters collaboration with unnamed global pharma major
Arecor Therapeutics announced on Wednesday that it has entered into a new collaboration with a major global pharmaceutical company to apply its proprietary Arestat technology platform to develop an enhanced formulation of the partner's proprietary product.