Market Pulse
US close: Stocks sharply higher following Trump's re-election victory
Wall Street stocks closed sharply higher on Wednesday after news outlets called the 2024 presidential election for Donald Trump.
Broker tips: Burberry, Smith and Nephew, 3i Group
RBC Capital Markets upgraded Burberry on Wednesday to 'outperform' from 'sector perform' and hiked its price target on the stock to 900. 0p from 650. 0p.
London close: Stocks finish mixed after Trump election landslide
London stocks ended Wednesday in mixed territory as markets processed Donald Trump’s surprise landslide victory in the US presidential election.
Director dealings: Asos CFO snaps up shares
Asos revealed on Wednesday that chief financial officer Dave Murray had acquired 5,800 ordinary shares in the London-listed fashion retailer.
Deutsche Bank upgrades 3i Group to 'buy'
Deutsche Bank upgraded listed private equity firm 3i Group on Wednesday to ‘buy’ from ‘hold’.
FTSE 100 movers: CRH and Ashtead rally; Persimmon in the red
London’s FTSE 100 was flat at 8,168. 57 in afternoon trade on Wednesday.
US open: Stocks sharply higher following Trump's re-election victory
Wall Street stocks were sharply higher at the open on Wednesday after news outlets began to call the 2024 presidential election for Donald Trump.
Boohoo should get shareholder approval before disposals, says Frasers
Frasers Group published an open letter on Wednesday in which it urged the board of Boohoo not to dispose of any assets without prior shareholder approval.
US pre-open: Futures surge on Trump victory
Wall Street futures were sharply higher ahead of the bell on Wednesday after news outlets began to call the 2024 presidential election for Donald Trump.
London midday: Stocks rally as Trump becomes 47th US president
London stocks were still firmly in the black by midday on Wednesday as Donald Trump was elected the 47th president of the United States.
UniCredit, Commerzbank deliver contrasting quarters amid tie-up chatter
Italian bank UniCredit and Germany’s Commerzbank delivered contrasting third-quarter earnings on Wednesday as UniCredit pursued an increased stake in Commerzbank, potentially setting the stage for one of Europe’s largest banking mergers in over a decade.
Berenberg lowers Smtih and Nephew to 'hold'
Analysts at Berenberg downgraded medical equipment manufacturing company Smith & Nephew from 'buy' to 'hold' and lowered its target price on the stock from £14. 50 to £10. 50, stating the group's path to recovery was now "less clear".
Asia report: Markets mixed as world watches US election
Asia-Pacific markets showed a mixed performance on Wednesday as investors responded to Wall Street's overnight rally ahead of US presidential election results.
YouGov full-year revenue inches past August guidance
YouGov reported a modestly positive performance for the financial year ended July on Wednesday, with revenue reaching £335. 3m, a 30% year-on-year increase, slightly surpassing its August guidance.
TBC Bank posts robust third quarter
TBC Bank Group posted a robust set of third-quarter results on Wednesday, with net profit rising 15. 6% year-on-year to GEL 347. 26m (£98. 21m), supported by solid income growth across segments.
FCA approves AO World's MusicMagpie takeover
Online electronics retailer AO World has received approval from the Financial Conduct Authority for its £10. 0m cash takeover of MusicMagpie.
Wetherspoons hails 'record' sales, highlights rising costs
Pub chain JD Wetherpoon said on Wednesday that it was "confident of a reasonable outcome for the year" as it reported record sales but highlighted rising costs.
RBC Capital ups Burberry to ‘outperform’, hikes price target
RBC Capital Markets upgraded Burberry on Wednesday to ‘outperform’ from ‘sector perform’ and hiked the price target to 900p from 650p.
Conduit expects $50m hit from large loss events in Q3
Reinsurance business Conduit said on Wednesday that the industry had experienced "a significant level of natural catastrophe and large loss activity" in FY24, with activity across smaller and mid-size natural catastrophes and large risk events elevated in Q3.
Lancashire Holdings announces special dividend as profits grow
Lancashire Holdings posted a 9% jump in premiums written on Wednesday as it announced a special dividend, sending shares in the insurer surging.