International News
Europe close: Geopolitical jitters put a lid on stocks
European shares surrendered morning gains on Wednesday as continuing geopolitical tensions in Ukraine hit sentiment.
Ford to make 4,000 job cuts across Europe
Automotive giant Ford has announced plans to slash 4,000 jobs across Europe, including 800 UK-based roles.
US open: Stocks fall ahead of Nvidia Q3 earnings
US stocks fell in early trade on Wednesday as investors eyed third-quarter results from tech giant Nvidia, and as geopolitical tensions with Russia rumbled on in the background.
Company veteran named chief scientific officer at Pfizer
Pfizer has appointed company insider Chris Boshoff as its new chief scientific officer, the US drugs giant confirmed on Wednesday.
E.ON must pay £14.5m over billing failures - Ofgem
E. ON has been fined £14. 5m by the UK watchdog for "unacceptable" billing failures during the cost of living crisis, it was announced on Wednesday.
Target shares sink after big Q3 earnings miss
Shares of Target plunged by nearly a fifth in pre-market trading on Wednesday after the American discount retail chain missed third-quarter profit forecasts by a wide margin and lowered its full-year guidance.
Santander puts aside £295m to cover possible motor finance claims
Profits tumbled at Banco Santander’s UK business, the Spanish lender confirmed on Wednesday, after it set aside nearly £300m to cover potential costs relating to an industry-wide probe into car finance.
US pre-open: Quiet start expected as markets prepare for Nvidia earnings
US stock futures were pointing to a subdued start on Wall Street on Wednesday as investors scale back risk appetite ahead of Nvidia's latest quarterly earnings with geopolitical tensions with Russia rumbling on in the background.
Asia report: Markets mixed as Japan exports beat forecasts
Asia-Pacific markets experienced mixed performances on Wednesday as investors digested China’s decision to maintain its benchmark lending rates and Japan’s stronger-than-expected trade data.
Eurozone construction output edges lower
Construction output in the eurozone slipped slightly in September after stagnating the previous month, according to figures released on Wednesday by Eurostat.
China keeps rates unchanged
China left benchmark lending rates unchanged on Wednesday with no repeat of the surprisingly large cuts brought in last month to boost the faltering economy.
German producer prices fall 1.1% in October
German producer prices fell 1. 1% in October as energy costs declined, according to official data published on Wednesday.