Latest News
EU legislators vote to punish Hungary over breach of core values
The European Parliament has voted to rebuke Hungary over alleged breaches of the European Union’s core values by the government of Prime Minister Viktor Orban.
EU parliament votes for new internet copyright law
A new copyright legislation gained support from EU lawmakers and could force tech giants such as Facebook and Google to payout billions to publishers.
FTSE 250 movers: Dunelm right at home while The AA loses its way
London's FTSE 250 was up 0. 42% at 20,312. 13 in afternoon trade on Wednesday.
FDA threatens crackdown to tackle 'epidemic' of youth vaping
The American food and drug administration threatened to move against e-cigarettes as youth vaping levels reach "epidemic proportion" on Wednesday.
Thursday preview: BoE and ECB in focus
All eyes will be on the Bank of England on Thursday, with recent better-than-expected readings on the gross domestic product and wages, alongside an apparently more optimistic tone around Brexit talks out of Brussels leading some observers to speculate that the next hike in Bank Rate might not wait until the end of 2019.
Europe close: Positive news on trade and out of China buoy shares
Stocks on the Continent finished the session with moderate gains buoyed by news that Washington had extended an olive branch to China in their ongoing trade spat.
London close: Stocks jump on improved news on trade, rally in tobacco
London stocks shook off a profit warning from SSE, helped by news that the US is reaching out to Beijing before any decision on moving ahead with further trade tariffs is made and a sharp rally in tobacco stocks.
Cannacord trims target price for Cairn Energy
Analysts at Canaccord Genuity stood by their 'speculative buy' recommendation on shares of Cairn Energy following the explorer's latest set of interim figures.
Workers earnings still 3% below pre-crisis level
Ten years after the 2008 financial crisis, UK worker’s annual wages are still £800 below where they were beforehand, research from the Institute for Fiscal Studies revealed on Wednesday.
US open: Stocks mixed ahead of Apple iPhone launch
Trading on Wall Street got off to a mixed start on Wednesday as investors eyed tech giant Apple's annual product release event in the evening and following the release of a weaker-than-expected reading on the producer price index for August.
Sector movers: Tobacco sparks up, electricity fizzles
Investors could not shake their addiction to tobacco stocks, with British American Tobacco and Imperial Brands spiking higher on Wednesday.
FTSE 100 movers: Tobacco stocks surge on FDA news; SSE slides
London’s FTSE 100 was up 0. 5% to 7,305. 99 in afternoon trade on Wednesday as tobacco shares rallied.
Markets question bid speculation around Fevertree
Shares of Fevertree are trading lower after the FT's Alphaville poured cold water on speculation around a potential bid from US drinks giant PepsiCo.
Advanced Medical profits grow despite woundcare slow-down
Advanced Medical Solutions, the woundcare and surgical device group, increased profits faster than sales in the first half of the year.
Water Intelligence profits gush higher
Leak detection firm Water Intelligence saw its shares jump on Wednesday after the company’s first half profits benefited from an increase in sales.
Housebuilders more robust than given credit for, says Barclays
Some housebuilding stocks are looking oversold, analysts at Barclays said on Wednesday, as the sector's trading has remained robust but investors have been spooked by political and economic issues.
Sports Direct trading in line, chairman Hellawell steps down
Sports Direct said on Wednesday that trading was in line with the group’s expectations of achieving a 5% to 15% improvement in underlying earnings for the current financial year, excluding the acquisition of House of Fraser, as it announced the departure of chairman Keith Hellawell and as CEO Mike Ashley survived a controversial re-election vote.
Focus on organic growth pays off again for 1pm
Independent specialist finance facilities provider 1pm announced its final results for the year ended 31 May on Wednesday, saying they reflected “strong” organic growth in revenue and profits, and further strategic growth from acquisitions during the year.
Forbidden Tech losses widen as it spends more on operations
Cloud video platform technology provider Forbidden Technologies released its interim results for the six months ended 30 June on Wednesday, reporting an increase in invoiced sales to £0. 48m, from £0. 36m a year ago.
N Brown CEO Angela Spindler to step down
Fashion retailer N Brown said on Wednesday that its chief executive officer Angela Spindler will leave the group at the end of this month after just over five years in the job.