THE MOST READ
US close: Stocks mixed amid geopolitical tensions, Nvidia earnings
US stocks turned in a mixed performance on Wednesday as investors eyed third-quarter results from AI-darling Nvidia and monitored geopolitical tensions with Russia.
London close: Stocks fall as UK inflation tops BoE targets
London stocks ended Wednesday in negative territory as unexpectedly high UK inflation data dampened hopes of an imminent interest rate cut by the Bank of England.
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.
FTSE 100 movers: Sage surges on results; Vistry in the red
London’s FTSE 100 was down 0.1% at 8,088.58 in afternoon trade on Wednesday.
Tokyo metro operator grabs Elizabeth Line contract from China's MTR
Tokyo's metro system operator, Japanese trading company Sumitomo and Britain's Go-Ahead Group have won a contract to operate London's troubled Elizabeth Line, taking over from China's MTR, officials announced on Wednesday.
London midday: FTSE flat as investors mull higher-than-expected inflation
London stocks had pared earlier small gains to trade flat by midday on Wednesday as higher-than-expected UK inflation fuelled expectations the Bank of England will refrain from cutting rates next month.
Europe close: Geopolitical jitters put a lid on stocks
European shares surrendered morning gains on Wednesday as continuing geopolitical tensions in Ukraine hit sentiment.
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.
Churchill China tumbles after profit warning
Shares in Churchill China tumbled on Wednesday as it warned that 2024 profit would be "materially below" market expectations and the outlook for 2025 will also be affected, as global hospitality markets remained "subdued".
Xaar CFO Ian Tichias resigns
Inkjet printing technology group Xaar said on Wednesday that chief financial officer Ian Tichias has resigned "to pursue other opportunities".
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.
Broker tips: Petershill Partners, Informa
Berenberg raised its target price on investment company Petershill Partners from 235.0p to 270.0p on Wednesday following the group's Q3 results a day earlier.
House prices push higher in September - UK HPI
UK house prices continued to grow in September, official data showed on Wednesday, despite weakness in the London market.
Vistry's chief operating officer to step down
The chief operating officer of Vistry is to leave the housebuilder, it was confirmed on Wednesday, after his role was axed.
Wednesday newspaper round-up: Aviva Investors, HSBC, car finance
One of the UK’s biggest pension funds has lost more than £350m on a series of “calamitous” investments in incinerator power plants that are expected to go bust in the coming days. The Guardian understands that Aviva Investors will put three incinerators into administration this week after pouring millions of pounds into what has been described as the country’s “dirtiest form of power generation”. – Guardian
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.
Coats holds guidance on strong sales, targets 18% op margin
Industrial thread maker Coats said it expected full-year results to be in line with expectations and forecast an operating margin of around 18%, driven by strong sales growth.
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.
Berenberg ups target price on Petershill Partners
Berenberg raised their target price on investment company Petershill Partners from 235.0p to 270.0p on Wednesday following the group's Q3 results a day earlier.
Director dealings: Sirius CEO invests, TBC Bank executive sells shares
Sirius Real Estate disclosed a number of share transactions involving its chief executive officer Andrew Coombs, and a person closely associated (PCA) with him, Sharon Clarke-Wills, 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.
London pre-open: Stocks to rise as UK CPI jumps past BoE target
London stocks were set to rise at the open on Wednesday as investors mulled the latest UK inflation reading and looked ahead to earnings from US tech giant Nvidia.
Helios Towers slumps as ATP offloads 50.6m shares in placing
Helios Towers fell on Wednesday after investor Arbejdsmarkedets Tillægspension (ATP) - Denmark’s largest lifelong pension plan - sold around 50.6m shares in the company in a placing for approximately £48m.
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.