Latest News
16 Dec
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Broker tips: Ideagen, Harbour Energy

Analysts at Canaccord Genuity raised their target price on software and services firm Ideagen from 350. 0p to 365. 0p on Wednesday after the group bulked up its balance sheet via an equity raise earlier in the month.

15 Dec
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Federal Reserve accelerates taper, doesn't commit to calendar for rate hikes

The Federal Reserve announced that it would taper its asset purchase programme more quickly, as expected, likely paving the way for interest rate hikes in 2022.

15 Dec
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Thursday preview: BoE and ECB in focus

All eyes on Thursday will be on the Bank of England with rate-setters expected to stay put on interest rates given the uncertainty around the impact that the Omicron variant of SARS-CoV-2 may have on the economy.

15 Dec
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Europe close: Stocks slip ahead of Fed rate announcement

European shares finished mostly higher heading into the US central bank's rate decision scheduled for Wednesday evening.

15 Dec
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London close: Stocks weaker ahead of PM announcement, Fed decision

London stocks closed in negative territory on Wednesday, ahead of another Omicron update from the Prime Minister as well as the latest decision from the US Fed, and after data showed that UK inflation surged in November to its highest level in more than a decade.

15 Dec
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Director dealings: Future CEO and husband sell £7.5m of shares

Future’s chief executive officer Zillah Byng-Thorne and her husband enjoyed a more-than-£7. 5m payday on Wednesday, selling more than 212,000 shares in the publisher in three transactions.

15 Dec
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FTSE 250 movers: Cineworld tumbles; Baltic Classifieds rallies

London’s FTSE 250 was down 0. 5% at 22,442. 03 in afternoon trade on Wednesday.

15 Dec
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UK inflation to peak above 6% in April 2022, says Deutsche Bank

Deutsche Bank said on Wednesday that it now expects headline consumer price inflation to peak above 6% in April next year, marking the highest annual rate of inflation since the Bank of England's independence in 1997.

15 Dec
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US retail sales rise less quickly than expected in November

Americans consumed with a little less abandon than expected last month, spending less on automobiles and parts and on electronics.

15 Dec
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Hummingbird Resources restarts operations at Yanfolila Mine

Hummingbird Resources updated the market on the Yanfolila mine in Mali on Wednesday, following confirmation earlier in the month that it was back in operation, following “illegal roadblocks” and disruption to “public order” in the region in November.

15 Dec
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SFO confiscates £140,000 from Petrofac's former head of sales

Petrofac's former Head of Sales, David Lufkin, has been ordered to pay more than £140,000 after pleading guilty to 14 counts of bribery in order to influence the awarding of oil and gas contracts in Iraq, Saudi Arabia and the United Arab Emirates.

15 Dec
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US open: Stocks in the red ahead of Fed rate decision

Wall Street stocks headed south at the open on Wednesday as traders prepped for the Federal Reserve's highly anticipated interest rate decision later in the day.

15 Dec
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FTSE 100 movers: Rentokil retreats again; DCC surges

London’s FTSE 100 was down 0. 6% at 7,176. 18 in afternoon trade on Wednesday.

15 Dec
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OptiBiotix signs supply deal with Saudi Arabia chemist chain

Life sciences company OptiBiotix Health has signed an exclusive supply agreement with pharmacy chain Nahdi Medical, it announced on Wednesday, for the sales of its ‘GoFigure’ and ‘SlimBiome Medical’ weight management products in Saudi Arabia.

15 Dec
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Natural gas prices drive US import costs higher in November

The cost of goods purchased from overseas increased more quickly than expected during the previous month, chiefly as a result of dearer natural gas prices.

15 Dec
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Atlantic Lithium rises on drilling results from Ewoyaa

Africa-focussed exploration and development company Atlantic Lithium released initial infill drilling results from the Ewoyaa project in Ghana on Wednesday, where it recently announced an updated scoping study and increased JORC resource of 21. 3 million tonnes at 1. 31% lithium oxide, resulting in a “significant improvement” in the project’s economics and life-of-mine.

15 Dec
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Upside surprise in Empire State index for December, price gauges ease a little

Manufacturing activity in the Federal Reserve Bank of New York's district picked up slightly at the end of the year, to the surprise of economists.

15 Dec
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ECR Minerals granted two exploration licences in Victoria

Australia-focussed gold exploration and development company ECR Minerals announced the granting of two gold exploration tenements in the state of Victoria on Wednesday.

15 Dec
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Sales and profits hit 'historic' highs at Inditex

The recovery at Zara-owner Inditex continued to gain momentum in the third quarter, the retail giant said on Wednesday, with both sales and income reaching fresh highs.

15 Dec
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Berenberg downgrades Harbour Energy to 'hold'

Analysts at Berenberg downgraded exploration and production outfit Harbour Energy from 'buy' to 'hold' on Wednesday, stating more clarity was needed on reserves.

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Important Legal Notice about News Sources

Pilling and Co Stockbrokers Ltd. is not responsible for the content or accuracy of third party news articles and we may not share the views of the author or publisher.

We provide third party news for your convenience and information only and make no representation or endorsement whatsoever and hereby exclude all liability for any loss or damage that may be incurred by you as a result of your access or use. Please note that third party content may be subject to terms and conditions imposed by the third party owner of that content.

The value of investments can fall and you may get back less than you invested.