Headline News
Target surges after Q2 beat, profit upgrade
Target shares surged on Wednesday after the US retailer posted better-than-expected second-quarter earnings and lifted its annual profit outlook.
JT Group to buy Vector Group in $2.4bn deal
US tobacco maker Vector Group said on Wednesday that it has agreed to be bought JT Group in a $2. 4bn deal.
Macy's lowers full-year sales guidance despite Q2 earnings beat
Shares in US department store retailer Macy’s were sliding early on Wednesday, after it reported better-than-expected second-quarter earnings despite a drop in sales, and revised its full-year guidance downwards.
Value of Molten Ventures' holding in Revolut rises significantly
Molten Ventures, a prominent venture capital firm known for investing in high-growth digital technology companies, announced a substantial increase in the valuation of its holding in fintech company Revolut on Wednesday.
UK borrowing higher than expected in July
Government borrowing was higher than expected in July, according to figures released on Wednesday by the Office for National Statistics.