The UK construction sector’s recovery stalled last month, a closely-watched survey showed on Wednesday, as higher prices, staff shortages and supply chain disruptions hit home.
Economists at Bank of America bumped up their consumer price forecasts for the UK on the back of the recent jump in energy quotes although they still assumed that inflation would dip below Bank's 2. 0% target in April 2023 temporarily.
London stocks closed in negative territory on Wednesday, as inflation concerns grew amid surging oil and gas prices, and as investors mulled a disappointing reading on the UK construction sector.
Europe-focussed mineral exploration and development company Ariana Resources announced recent drilling results from the Kokkinoyia sector of the Magellan project on Wednesday, which is wholly owned by Venus Minerals.
Insolvency litigation financing company Manolete Partners said it performed “well” in its first half on Wednesday, despite the period covering the final six months of the UK government’s temporary Covid-19 measures under the Corporate Insolvency and Governance Act 2020.
London stocks were firmly in the red by midday on Wednesday as inflation concerns grew amid surging oil and gas prices, and as investors mulled a disappointing reading on the UK construction sector.
European stocks continued their slide on Wednesday on the back of surging bond yields and oil prices as investors fretted about inflation.
1430 GMT - Puede que su ingente consumo de energía se convierta en un dolor de cabeza para el Bitcoin en algún momento dado, conforme los inversores buscan alternativas menos nocivas para el medioambiente, dice la analista de Swissquote Ipek Ozkardeskaya. "La verdadera oportunidad estará en las nuevas monedas digítales que sí tienen en cuenta estos aspectos", dice. "Las criptomonedas que utilizan poca energía serán el futuro". Bitcoin se dispara un 10,1% hasta los $55,062 y alcanza su nivel más alto desde el pasado mes de mayo, habiendo superado el nivel clave de los $50,000 el martes tras el anuncio del regulador de mercados estadounidense de que no prohibirá las criptomonedas; por su parte, Bank of America dice que ya no se puede ignorar a ls criptomonedas y U.
Mining company Ferrexpo said on Wednesday that iron ore pellet production had grown in the third quarter.
Shore Capital analysts reiterated their 'buy' stance for shares of Tesco, telling clients that the business was performing well as it anticipates ongoing share buybacks or special dividends "reflective of the prevailing share price multiples".
The Hut Group revealed on Wednesday that non-executive director Iain McDonald had acquired 25,000 ordinary shares in the London-listed commerce firm.
Recruiter PageGroup lifted its guidance for full-year operating profit on Wednesday as it reported a jump in third-quarter gross profit.
Edenville Energy updated the market on its Rukwa Coal Project in south west Tanzania on Wednesday, reporting that after its £2. 475m capital raise in May, it had been focussed on preparing the site to meet expected demand for Rukwa coal.
London’s FTSE 250 was down 1. 3% at 22,441. 52 in afternoon trade on Wednesday.
Palantir elbowed out Raytheon and BAE Systems to clinch a contract with the U. S. Army to refresh part of the core of its intelligence network.
South America-focussed hydrocarbon exploration and production company President Energy announced the conversion of debt into equity on Wednesday.
Wall Street stocks were in the red at the open on Wednesday amid ongoing fears regarding rising rates, higher inflation, global reopening, and the debt limit.
London’s FTSE 100 was down 1% at 7,007. 99 in afternoon trade on Wednesday.
Financial markets' focus on Thursday will be on central banks, particularly the European Central Bank.
Automation and customer engagement software company Netcall reported an 8% improvement in revenue in its final results on Wednesday, to £27. 2m, as revenue from its cloud business grew 26% to £8. 3m.
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