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Thursday preview: US inflation, Fedspeak still in focus
US inflation data and Fedspeak will continue to be in the spotlight on Thursday.
Europe close: Stocks moderately higher on hopes inflation may be peaking
European shares extended their recent gains on Wednesday on the back of weaker than expected inflation readings in China, Germany and the US.
FTSE 250 movers: Savills and Dunelm boosted by positive updates
London’s FTSE 250 was up 0. 2% at 23,079. 39 in afternoon trade on Wednesday.
London close: Commodities help keep FTSE in positive territory
London stocks closed above the waterline on Wednesday, as investors welcomed less hawkish comments from US Federal Reserve chair Jerome Powell.
US judge gives FTC green light to pursue Meta lawsuit
A US judge has refused attempts by Meta Platforms to have an antitrust lawsuit against it dismissed.
Broker tips: FD Technologies, Equals Group, Jupiter Fund Management
Analysts at Berenberg downgraded FD Technologies from 'hold' to 'sell' on Wednesday and cut its target price on the stock from 2,200. 0p to 1,600. 0p, citing "misplaced optimism".
FTSE 100 movers: Miners rally; housebuilders drop
London’s FTSE 100 was up 0. 7% at 7,546. 29 in afternoon trade on Wednesday.
Director dealings: Trident CEO picks up 40k shares, Solid State chief transfers holding
Trident Royalties announced on Wednesday that its chief executive officer Adam Davidson has purchased 40,000 shares in the company on market, at a price of 36p each. 0.
Image Scan launches portable security x-ray product
Security and industrial x-ray imaging technology company Image Scan announced the market launch of the ‘ThreatScan-AS1’ integrated portable x-Ray system for bomb squads and security professionals on Wednesday.
US open: Major indices trade higher following December CPI reading
Wall Street stocks opened higher on Wednesday as market participants digested December's consumer price index reading.
Phoenix Copper pleased with latest results from Red Star
United States-focussed base and precious metals explorer and producer Phoenix Copper announced the assay results from additional drilling at the Red Star silver-lead deposit, adjacent to the Empire Mine open pit project in Idaho’s Custer County on Wednesday.
Mpac ends strong year in line with expectations
Packaging and automation technology company Mpac reported a “strong” financial year in a trading update on Wednesday, saying it expected to report revenue, underlying profit before tax and closing cash in line with market expectations.
Pfizer's pneumoccocal vaccine can be co-administered alongside Covid-19 shot, study shows
Pfizer's vaccine against the pneumococcal virus, Prevnar, can be administered safely and without any loss of effectiveness together with its vaccine for Covid-19.
CyanConnode on track to meet full-year forecasts
Smart narrowband mesh network technology company CyanConnode said in a trading update on Wednesday that turnover for the first nine months of its financial year totalled £6. 8m, up from £3. 4m year-on-year.
Morgan Stanley names Shell 'top pick', says sector still 'attractive'
Analysts at Morgan Stanley reiterated their "attractive" view on the European Oil&Gas sector, telling clients that many of the arguments that supported the sector's outperformance in 2021 remained "equally relevant" today.
Johnson Matthey to close battery materials business, sell assets
Johnson Matthey has announced the proposed closure of its battery materials business and the sale of the individual assets after talks over the sale of the entire division failed to result in an agreement.
US CPI rises a tad more quickly than expected in December
The cost of living in the US increased a bit more quickly than expected last month.
Berenberg downgrades FD Technologies to 'sell', slashes target price
Analyst at Berenberg downgraded FD Technologies from 'hold' to 'sell' on Wednesday and cut its target price on the stock from 2,200. 0p to 1,600. 0p, citing "misplaced optimism".
Amazon and Visa 'fail to reach agreement' - report
Plans by Amazon to stop accepting UK-issued Visa credit cards remained on track on Wednesday, after it was reported that the two sides had yet to reach agreement.
Industrial production unexpectedly jumps in Eurozone
Industrial production unexpectedly jumped across the Eurozone in November, official data showed on Wednesday.
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