Microsoft and Google are preparing for open warfare after a six-year truce ended in April without renewal as regulators scrutinise barriers to competition.
Wall Street equities closed in a mixed state on Wednesday, as major indices looked set to close out a winning first half and second quarter on a mostly positive note.
Financial markets' focus on Thursday will be on a raft of survey results regarding manufacturing sector conditions around the world.
European shares were still under pressure on the last day of the quarter with investor sentiment weighed down by increases in case numbers of the Covid-19 Delta variant globally and after soft survey data released overnight in China.
London stocks closed in the red on Wednesday, after a session which saw investors poring over the latest UK GDP figures, as well as better-than-expected jobs data from across the pond.
Analysts at Berenberg downgraded exploration and production firm Cairn Energy from 'buy' to 'hold' on Wednesday, stating more clarity on the award payment related to its arbitration with the Indian tax authorities was needed.
Chariot revealed on Wednesday that acting chief executive officer Adonis Pouroulis had acquired 41. 3m ordinary shares in the AIM-listed oil and gas producer.
UK and Canada-focussed oil and gas company i3 Energy updated the market on Wednesday, reporting that the final confirmation hearing in England’s High Court approved the cancellation of its share premium account on 29 June.
Travel and Transport-related names were helping to limit losses on the top-flight index on Wednesday with the likes of Compass Group, Rolls Royce and InterContinental Hotels Group all putting in a small bounce at the end of the quarter and the half.
Indian firm Bharti Global has invested $500m in UK-based space start-up OneWeb in a deal that also grants the Indian firm a 39% stake in the company.
Economic activity in the Chicago area unexpectedly deteriorated in June, according to data released on Wednesday.
The UK Department of Digital, Media, Culture and Sport (DCMS) has told messaging apps to prevent the use of end-to-end encryption on “child accounts”.
A closely-followed indicator of US home sales surprised strongly to the upside in May.
Remote site services provider RA International has concluded contract discussions with Danakali Limited for the construction of camp accommodation for 1,200 personnel, administration and service facilities, as well as the provision of integrated facilities management services, it announced on Wednesday.
Wall Street trading got off to a mixed start early on Wednesday as major indices looked set to close out a winning first half and second quarter on a mostly positive note.
London’s FTSE 250 was down 0. 2% at 22,492. 59 in afternoon trade on Wednesday.
The global economy could lose more than $4trn because of the damage Covid-19 has had on international tourism, a United Nations report has warned.
Sustainable fuel technology company Velocys announced the execution of a strategic framework agreement with Koch Project Solutions (KPS), a subsidiary of Koch Engineered Solutions, for its Bayou Fuels biorefinery project in the US state of Mississippi on Wednesday.
Stagecoach Group reported a slump in annual profits on Wednesday, after the pandemic hit revenues, but said it was encouraged by progress to date on the roadmap out of lockdown.
Hiring in America strengthened by more than expected in June, as services sector firms, especially in Leisure and Hospitality, added to their payrolls.
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