Latest News
Spain-focused Berkeley Energia lists on Main Board
Spain-focused Berkeley Energia graduated to the London Stock Exchange's Main Board and updated investors on its plans to list on Spain's four major bourses on Wednesday.
Tesla Model 3 'quite likely' to meet production goals, says Musk
Tesla Motors stock was up 3% on Wednesday after shareholders reinforced chief executive Elon Musk's grip at the head of the company and he said it was “quite likely” that the firm would meet Model 3 production goals of 5,000 weekly units.
Market buzz: US Q2 GDP at 5.0%?, India hikes, ECB's Praet pumps euro
1700:Close Miners paced gains on Wednesday, as the US dollar slipped after ECB chief economist Peter Praet left the door open to the announcement, for as soon as the following week, of the exact end-date for the ECB's asset purchases.
Europe close: Stocks mostly higher despite more hawkish ECB
Stocks on the Continent finished higher, despite relatively hawkish comments from the European Central Bank's chief economist.
Sector movers: Cyclicals lead on Wednesday, but BoA-ML tactically cautious
Cyclicals paced gains on the market on Wednesday, with Miners doing best, boosted by US dollar weakness after the chief economist of the world's second most important central bank failed to show his characteristically dovish side.
Nick Clegg: The UK will be the first country to introduce trade barriers in Europe since WWII
That Nick Clegg, former British deputy prime minister, is a fervent opponent of Brexit is no secret.
Results round-up
Africa-focused cold chain foods and retail business Zambeef issued its unaudited interim results for the six months ended 31 March on Wednesday, reporting revenue of $123. 85m, up from $118. 38m year-on-year.
Europe midday: Stocks reverse early losses on trade news, Italian bonds recover
Gains in stockmarkets on the other side Channel are gaining momentum, amid what appear to be less negative headlines around the ongoing trade talks between China and the US and perhaps also Brexit.
EU to retaliate with tariffs on US products as soon as July
The European Commission endorsed a decision on Wednesday to impose additional tariffs on a list of US products.
Bids value BHP's US shale assets at $9bn
Multinational mining, metals and petroleum firm BHP Billiton has received the first round of bids for its US shale portfolio, valuing the unit at between $7bn and $9bn, according to sources who spoke to Bloomberg.
Powerhouse Energy discredits reports of Chester planning rejection
UK technology firm Powerhouse Energy on Wednesday has branded reports that University of Chester’s Thornton Science Park faces closure by Cheshire West and Chester Council as "inaccurate".
London close: Miners boosted by more positive tone to US-China trade talks
London stocks regained some ground on Wednesday as commodity stocks were boosted by a weaker dollar, encouraging sounds from China-US trade talks and the euro spiking on hawkish comments out of the European Central Bank.
Thursday preview: Results due from Auto Trader, CMC Markets and Mitie
Thursday sees a small handful of results expected, including for Auto Trader, CMC Markets and Mitie, while Halifax will update on its house price data.
Broker tips: Hammerson, British Land, Shaftesbury, Ferguson, Huntsworth
The retail squeeze is starting to show on property values, said Credit Suisse as it reappraised real estate investment trusts Hammerson, British Land and Shaftesbury.
Berenberg initiates coverage on 'strong' and 'competitive' Huntsworth at 'buy'
Berenberg initiated coverage on healthcare communications firm Huntsworth with a 'buy' rating on Wednesday, highlighting the group's "strong competitive positioning".
Tlou Energy launches £3.2m fundraiser
AIM-listed coal power development company Tlou Energy announced its intention to raise up to £3. 2m via an entitlement offer on Wednesday, shortly after successfully wrapping up the placement of 24. 75m new ordinary shares that saw the firm pocket £1. 4m to cover costs associated with drilling and regulatory expenses associated with its Botswana and Southern Africa projects.
FTSE 100 movers: Centrica powers up leaderboard
Commodities stocks were dominating the FTSE 100 leaderboard led by Centrica, while defensive stocks led the fallers.
FTSE 250 movers: WH Smith and Merlin impress; RPC melts
Tatty-carpeted stationery and snacks retailer WH Smith shares topped the FTSE 250 leaderboard on Wednesday as the company impressed with stronger sales growth in the third quarter of its trading year, where like-for-like sales rose 1% compared to last year, reversing the 1% decline in the previous six months.
IAG revenues increase as BA and Aer Lingus add new North American routes
British Airways parent company International Consolidated Airlines Group saw group traffic increase in May following its launch of the world's first and only non-stop flight between Tennessee and Europe.
US crude stockpiles jump as net imports drop sharply, DoE says
Crude oil inventories in the US saw an unexpected build last week, as net imports reversed direction.