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Thursday preview: Philly Fed, Royal Mail in the spotlight
The key data release on Thursday was expected to be the Philly Fed´s regional manufacturing index, which economists believed would reveal a small improvement in activity levels for the month of November.
Europe close: Stocks close above the line despite high inflation
European shares managed to stay above the waterline on Wednesday, despite data showing persistent rising inflation in the eurozone and the UK.
Warner Music in talks to buy Bowie songwriting catalogue - report
Warner Music is reportedly in talks to buy David Bowie’s songwriting catalogue and is raising $535m in debt to support the potential acquisition and others.
London close: Stocks fall as sterling rallies on rate hike expectations
London stocks ended in the red on Wednesday as sterling gained after the latest UK inflation figures reinforced expectations of a rate hike.
Numis said to have referred itself to FCA over THG note
Investment bank Numis has reportedly referred itself to the Financial Conduct Authority after an employee circulated a bearish note to institutional clients last week accusing online beauty and nutrition retailer THG of "a lack of clarity" and casting doubt over its Ingenuity division.
Director dealings: Rotala director raises stake
Rotala revealed on Wednesday that executive director Robert Dunn had acquired 100,000 ordinary shares in the AIM-listed bus operator.
Broker tips: Marks & Spencer, Diageo
Jefferies cut its rating on Marks & Spencer shares to 'hold' with the company's turnaround "finally recognised" by the market.
US housing starts unexpectedly drop in October
US housing starts unexpectedly fell in October, according to figures released on Wednesday by the Commerce Department.
OptiBiotix Health forms operating subsidiary in India
Life sciences company OptiBiotix Health announced the formation of its new India subsidiary OptiBiotix Health India (OHI) on Wednesday.
Pantheon gets $1.5m from shareholder as it seeks funding solution
Pantheon Resources has entered into a short-term draw down facility of $1. 5m with an existing shareholder, it announced on Wednesday.
Strategic Minerals finds more high-grade tin in pit samples
Producing mineral company Strategic Minerals announced on Wednesday that its wholly-owned subsidiary Cornwall Resources (CRL) has identified further significant high-grade tin in four pit samples taken to the west of its main Redmoor deposit.
FTSE 250 movers: CMC Markets drops after results; Hochschild shines
London’s FTSE 250 was down 0. 4% at 23,451. 26 in afternoon trade on Wednesday.
Apple plans to make some spare parts available to consumers
Apple took its first step in conceding to the ‘right to repair’ movement on Wednesday, with the company announcing a programme to make spare parts available from early next year.
FTSE 100 movers: Spirax-Sarco slumps; Sage gains ground
London’s FTSE 100 was down 0. 4% at 7,299. 93 in afternoon trade on Wednesday.
Amte Power making 'excellent progress' towards production
Lithium- and sodium-ion battery technology company Amte Power said on Wednesday that it was making “excellent progress” in line with its planned pathway to production.
US mortgage applications fall amid rising interest rates
The Mortgage Bankers Association revealed on Wednesday that total mortgage application volume fell 2. 8% week-on-week in the US as rising mortgage interest rates continued to take their toll on demand.
Kingswood to buy Kent-based Smythe and Walter
Wealth and investment management company Kingswood has agreed to acquire, subject to completion, the business assets of Smythe and Walter, an independent financial planning business servicing clients across Kent.
US open: Stocks in the red despite solid retail earnings
Wall Street stocks were in the red early on Wednesday as investors thumbed over earnings from more of the country's largest retailers.
Pfizer CFO Frank D'Amelio to retire
Pfizer said on Wednesday that Frank D’Amelio will retire as chief financial officer and executive vice president of global supply after nearly 15 years at the company.
Berenberg raises target price on Diageo following CMD
Analysts at Berenberg raised their target price on drinks maker Diageo from £37. 0 to £39. 0 on Wednesday following the firm's "upbeat" capital markets day.
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