London close: oil price rally tips stocks into the red
London stocks finished on the back foot on Wednesday, as a renewed rally in the oil price reversed earlier modest gains.
‘Challenging’ markets hit sales at Warpaint, shares slump
Shares in Warpaint London tumbled on Wednesday, after the make-up and beauty brand saw interim profits slide and warned that full-year revenues would likely come in at the lower end of its guidance range.
Europe close: Stocks decline as oil rebounds, bond yields rise
European stocks declined on Wednesday, erasing early-morning gains, as a surge in bond yields worldwide saw investors scale back equity positions while oil prices rose for the first time in six days.
Broker tips: Standard Life, BP
Analysts at RBC Capital Markets lifted their target price on Standard Life to 970p from 885p on Wednesday, saying upgraded forecasts and a stronger long‑term outlook justified the increase.
Thursday preview: Vistry results, Trump-Xi meeting eyed
Thursday will bring full-year results from DFS and CVS, half-year results from housebuilder Vistry Group and Raspberry Pi a trading update from Halma in the UK.
Director dealings: Intercede's Dan O'Brien raises stake
Intercede Group revealed on Wednesday that non-executive director Dan O'Brien had acquired 22,070 ordinary shares in the AIM-listed cybersecurity software firm.
Tough market conditions hit sales, profits at Judges Scientific
Judges Scientific posted a slump in sales and profits on Wednesday, following a “very poor” first half.
US open: Stocks lower as oil spikes, bond yields push higher
Major indices were in the red early on Wednesday, as oil prices moved higher amid renewed uncertainty surrounding the conflict between the US and Iran.
S&P Global flash PMIs rise to multi‑year highs in September
US business activity accelerated sharply in September, with preliminary readings of S&P Global's composite, services and manufacturing PMIs all rising to multi‑year highs.
General Mills Q1 sales fall as yogurt disposal weighs
Shares in General Mills were lower on Wednesday after the US foods group reported a 3% decline in first-quarter sales as the disposal of its US yoghurt business weighed on reported growth.
FTSE 100 movers: Rentokil boosted by upgrade; JD Sports slumps after results
London’s FTSE 100 was down 0. 1% at 10,700. 65 in afternoon trade on Wednesday.
Legal & General to cut around 1,000 jobs by middle of 2027
Legal & General confirmed on Wednesday that it plans to cut around 1,000 jobs by the middle of next year as it looks to simplify the business.
Kooth swings to first-half profit as margins improve
Digital mental health provider Kooth swung to a first-half profit and more than doubled adjusted earnings despite a modest decline in revenues, as lower marketing spend boosted margins.
RBC Capital raises target price on Standard Life
Analysts at RBC Capital Markets lifted their target price on Standard Life to 970p from 885p on Wednesday, saying upgraded forecasts and a stronger long‑term outlook justified the increase.
Qualcomm to buy robotics software firm PickNik
Qualcomm Technologies said on Wednesday that it has agreed to buy robotics software firm PickNik for an undisclosed sum.
US mortgage applications fall 1.5pc as fixed rates climb above 7pc
US mortgage applications fell 1,5% in the week ended 18 September, according to the Mortgage Bankers Association, extending the 4. 1% drop seen in the prior week and marking a third straight weekly decline.
UK does not need higher interest rates - OECD
The Bank of England does not need to put up interest rates, a leading global think tank argued on Wednesday, even as worldwide growth was forecast to slow.
Balfour Beatty to create 2,000 UK jobs as infrastructure pipeline grows
Balfour Beatty said on Wednesday that it plans to increase its UK workforce by 2,000 over the next two years as it scales up to meet growing infrastructure demand.
US pre-open: Futures flat amid volatile crude prices, geopolitical uncertainty
Wall Street futures were little changed ahead of the opening bell on Wednesday, as oil prices swung between gains and losses amid renewed uncertainty surrounding the conflict between the US and Iran.