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Lockdown weighs heavily on shop prices
Shop prices continued to ease in February, industry research showed on Wednesday, as locked down retailers looked to shore up sales by discounting goods.
Wednesday preview: Global services, DS Smith in focus
Financial markets' focus in the middle of the week will be on global services sector activity with survey results due out in all the main geographical areas.
EU considers emergency approvals for Covid-19 vaccines
The European Commission said on Tuesday it was considering emergency approvals for Covid-19 vaccines.
London close: Markets mixed amid slew of earnings, bubble concerns
London stocks were mixed at the close on Tuesday, after a Chinese official earlier warned that foreign markets are in a bubble, with investors spending much of the day rifling through a veritable tsunami of corporate news.
EV start-up Nio announces chip shortage will affect car production
Chinese electric car start-up Nio said on Tuesday that the global shortage in semiconductors and batteries will affect its production capacity in the second quarter.
Fossil fuel emissions close to pre-Covid levels -IEA
Global fossil fuel emissions were 2% higher in December 2020 than in the same month of 2019, revealed the latest report from the International Energy Agency.
Broker tips: Provident Financial, Spectris
Canaccord Genuity cut its stance on shares of doorstep lender Provident Financial on Tuesday to ‘sell’ from ‘speculative buy’ and reduced its price target to 264. 0p from 290. 0p as it highlighted caution regarding claims.
Safestay sells smallest Barcelona hostel for EUR 0.9m
Hostel operator Safestay announced the agreed sale of the smallest of its three hostels in Barcelona, ‘Barcelona Sea’, a leasehold site with 96 beds, to Beds and Foods Barcelona for €0. 9m (£0. 78m).
Director dealings: Aston Martin director makes share purchase
Aston Martin Lagonda revealed on Tuesday that non-executive director Robin Freestone had acquired 5,000 ordinary shares in the FTSE 250-listed luxury carmaker.
FTSE 250 movers: Renishaw rallies; Provident Financial hit by downgrade
London’s FTSE 250 was flat at 21,212. 61 in afternoon trade on Tuesday.
Renishaw puts itself up for sale, shares surge
Renishaw shares surged on Tuesday after the engineer said it was putting itself up for sale as its founders look to sell their stake.
US open: Stocks head south following S&P 500's best session since June
Wall Street stocks were in the red early on Tuesday following the S&P 500's best session since June 2020.
FTSE 100 movers: Admiral rallies ahead of results; JD Sports retreats
London’s FTSE 100 was up 0. 8% at 6,644. 18 in afternoon trade on Tuesday.
Alba Mineral Resources upbeat on latest drilling at Clogau-St David's
Alba Mineral Resources updated the market on its work activities at the Clogau-St David's Gold Mine on Tuesday, where the latest results of the ongoing phase 1 surface drilling programme had now enabled it to project the newly=identified vein system at the Llechfraith mine area as having a strike extent of 58 metres.
Vela Technologies puts another £66k into fintech firm Mode
Vela Technologies has invested £66,000 in London-listed financial technology company Mode Global Holdings, it announced on Tuesday, as part of Mode's oversubscribed placing to raise £6m, to support the continuing growth of its financial products and services.
Berenberg raises target price on Spectris
Analysts at Berenberg raised their target price on instrumentation firm Spectris from 3,460. 0p to 3,505. 0p on Tuesday, stating the group's turnaround efforts appeared on track to pay off.
Canaccord downgrades Provident Financial to 'sell'
Canaccord Genuity cut its stance on shares of doorstep lender Provident Financial on Tuesday to ‘sell’ from ‘speculative buy’ and reduced its price target to 264p from 290p as it highlighted caution regarding claims.
Volvo pledges to only sell EVs by 2030
The Swedish carmaker, Volvo, has pledged to shift all its production to electric cars by 2030 in a move to abandon fossil fuels and fight climate change.
German retail sales crash in January
German retail sales sank at the start of 2021 as the sector was clobbered by Covid-19 restrictions and a three percentage point hike in the country's value added tax.
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