Latest News
10 Oct
New York Stock Exchange, NYSE, markets, Wall Street, US, America. Photo: George Rex
US close: Dow Jones closes more than 800 points lower as higher bond yields spook investors

US stocks got battered on Wednesday as concerns over bond markets and a struggling technology sector sunk the Dow more than 800 points, led the S&P 500 towards its longest losing streak in two years and caused the Nasdaq to record its biggest drop so far this year.

10 Oct
bernard arnault lvmh
Europe close: Technology and Basic Resources pace losses amid yield jitters

Stocks on the Continent sustained heavy losses on Wednesday, with Basic Resources and Technology sustaining the brunt of the losses amid concerns around trade, rising government bond yields and Italy.

10 Oct
mark carney bank of england pound sterling gbp tenner
Thursday preview: US CPI, Jupiter Fund Management in focus

All eyes will be on the latest reading on US consumer prices referencing the month of September.

10 Oct
michel-barnier-negociera-pour-bruxelles-le-brexit
Barnier: '80-85% of withdrawal deal has been agreed to'

Chief EU negotiator Michel Barnier said in a speech addressing the European Parliament of Enterprises on Wednesday that May’s proposal to keep the UK in the single market for goods would give it a “huge competitive edge” over the EU.

10 Oct
cbdixons
FTSE 250 movers: Contour falls again while Dixons' shares dialed up

London's FTSE 250 was down 0. 38% at 19,474. 60 in afternoon trading on Wednesday.

10 Oct
snapchat app
Snapchat to release original show in move to reverse user decline

Snapchat announced on Wednesday that it would be releasing a dozen original series on its mobile app in order to maintain an edge over competitors Facebook and Instagram and reverse its user decline.

10 Oct
London close: Rising bond yields, trade worries give investors indigestion

London stocks finished sharply lower on Wednesday as investors continued to digest a move higher in government bond yields around the globe against a backdrop of ongoing trade tensions, even as Sterling gained on the back of a stronger-than-expected reading on industrial production at home.

10 Oct
Results round-up

Things went from bad to worse for Patisserie Holdings on Wednesday as the company said it has received a winding up petition for its main trading subsidiary, Stonebeach, for £1. 14m in tax owed to HMRC, having earlier warned of potentially fraudulent accounting irregularities.

10 Oct
sears
Sears to file for Chapter 11 bankruptcy protection as early as Friday

Beleaguered department store chain Sears has reportedly hired an advisory firm to assist with a Chapter 11 bankruptcy filing.

10 Oct
cbpetroleo1 short1
'Extreme volatility' to hit oil market, says BP CEO

Oil prices face “extreme volatility” amid the continued uncertainty surrounding Iran’s oil industry ahead of fresh US sanctions, according to BP chief executive Bob Dudley.

10 Oct
ds smith
Sector movers: Damaged packages, telecoms called up

Telecoms stocks were ringing up gains on Wednesday, while packaging companies were dented.

10 Oct
pharma, biotech, drugs, lab, gsk, glaxo, trials,  clinical
Avacta 'delighted' at license agreement with longtime collaborator

Avacta Group agreed a commercial license with New England Biolabs (NEB) to commercialise a science and research assay project using its Affimer technology on Wednesday.

10 Oct
London Stock Exchange, markets, traders, trading, City, shares
Director dealings: Smiths Group CEO lowers stake

Smiths Group chief executive Andrew Reynolds Smith sold 47,468 ordinary shares in the FTSE 100-listed engineering business on Wednesday.

10 Oct
oil wressle egdon testing
Rising yields and dearer oil should not be feared, Barclays says

Do not despair, equity strategists at Barclays Research told clients.

10 Oct
dixons_carphone_technology_retail_currys_PC-world
Broker tips: Sage, Dixons Carphone, Hollywood Bowl, Ocado

A day after being downgraded by Barclays, software company Sage was lifted to 'hold' from 'sell' at Deutsche Bank, which highlighted the valuation and potential for private equity interest.

10 Oct
Dixons Carphone, electrical retail
Dixons Carphone could deliver investor bonus, HSBC thinks

Ahead of a strategy update two months away, Dixons Carphone shares do not reflect enough optimism about the potential for new management to improve performance and dividends, said HSBC as it upgraded to 'buy' from 'hold'.

10 Oct
bowling bolos
Shore Capital reiterates 'buy' rating on 'well-run' Hollywood Bowl

Analysts at Shore Capital took a fresh look at "exceptionally well-run" ten-pin bowling outfit Hollywood Bowl on Wednesday, reiterating their 'buy' recommendation for the shares following the company's post-close update.

10 Oct
ocado snow
Ocado valuation now more reasonable for Barclays

Barclays upgraded Ocado on Wednesday after the online grocery specialist's valuation retreated to a more "reasonable" level.

10 Oct
dup northern ireland arlene
DUP threatens to vote against Tory budget if Brexit 'red line' crossed

The Democratic Unionist Party said on Wednesday it would withdraw support from the government’s budget plan if Theresa May breaks their “red line” on the Irish border issue.

10 Oct
wall street
US open: Stocks trade lower at the open as bond market concerns persist

Wall Street trading kicked off with heavy losses on Wednesday as concerns over bond markets, putting the S&P 500 on track for its longest losing streak since November 2016.