Latest News
Sector movers: Utilities and homebuilders pace gains
Utilities paced gains in the middle of the week on the back of a sharp drop in yields on longer-term Gilts.
Morgan Stanley says British American Tobacco's ability to grow is underappreciated
Morgan Stanley reiterated its 'overweight' stance on shares of British American Tobacco, telling clients that the company's ability to offset the ongoing decline in the ranks of smokers and a potential ban in the US on flavours was going underappreciated.
Thursday preview: US jobs market, Melrose Industries in focus
The market spotlight will remain firmly on the US jobs market come Thursday.
Europe close: Stocks move higher, chemicals pace gains
Stocks across the Continent bounded higher on Wednesday, tracking fresh gains overnight on Wall Street and helped by a dip in the single currency's value.
London close: Stocks finish higher as housebuilders surge
London stocks finished in the green on Wednesday, with housebuilders pacing the gains following well-received results from Barratt Developments and an upbeat survey from Nationwide.
Broker tips: Aggreko, WPP, IAG
Aggreko was under the cosh on Wednesday as Morgan Stanley initiated coverage of the stock at ‘underweight’ with a 400. 0p price target.
Live Company inks deal to take show to Israel
Lego-based events operator Live Company announced on Wednesday that a new contract has been signed for ‘Brickosaurs’, with Hadran in Israel.
Strix launches 'HaloPure' in China's livestock farming sector
Kettle safety control company Strix Group announced the launch of its ‘HaloPure’ technology water purification and disinfection solution within the livestock farming industry in the People's Republic of China on Wednesday.
ProPhotonix releases five new laser module wavelengths
LED and laser diode company ProPhotonix announced the extension of its range of ‘PROdigii’ digital laser modules with five new wavelengths on Wednesday, being 375nm, 405nm, 450nm, 905nm and 940nm.
Nostra Terra buys 100pc of Caballos Creek Oil Field
Oil and gas exploration and production company Nostra Terra announced the acquisition of a 100% working interest in the Caballos Creek Oil Field, a producing oil field with additional development opportunity, in Atascosa County, Texas on Wednesday.
Director dealings: Electrcomponents CEO sells shares
Electrocomponents said on Wednesday that chief executive Lindsley Ruth had disposed of 15,706 ordinary shares in the FTSE 250-listed industrial and electronics products distributor.
Take profit on Ferguson, JP Morgan says
Investors should take profit on Ferguson after a strong results season led to upgrades for companies in the sector, JP Morgan said as it downgraded the plumbing and heating company's shares to 'neutral'.
FTSE 250 movers: Computacenter surges; Aggreko hit by broker note
London’s FTSE 250 was up 0. 5% at 17,687. 47 in afternoon trade on Wednesday.
Private sector hiring increases by less than anticipated in August, ADP says
Hiring in the US increased at a slower-than-expected pace last month, the results of a closely-followed survey revealed.
US open: Stocks higher despite weaker-than-expected payrolls data
Wall Street stocks were higher after the bell on Wednesday despite the release of some much weaker-than-expected payroll data.
Citi stays at 'neutral' on IAG, says will never return to 'former glory'
Analysts at Citi lowered their target price for shares of IAG ahead of the airline's rights issue, arguing that they do not expect it to ever return to its former glory.
Citi still sees 'strategic rationale' for Ocado Retail, raises target for M&S
Citi sounded a positive note on the launch of Ocado Retail, bumping up its target price for Marks&Spencer 's shares to 120. 0p in the process.
Buying equity income over bonds is 'no brainer', BoA says
Investors' wariness of shares means buying equity income over bonds is a "no brainer", Bank of America said.
FTSE 100 movers: Housebuilders gain; gold miners lose their shine
London’s FTSE 100 was up 1. 3% at 5,939. 91 in afternoon trade on Wednesday.
Altice USA offers to buy Canada's Cogeco for CAD10.3bn
Broadband communications and video services provider Altice USA has offered to buy Canadian telecommunications and media group Cogeco for around CAD10. 3bn in cash.
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