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19 Jan
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US close: Major indices sharply lower as sell-off continues

Wall Street stocks closed lower yet again on Wednesday amid elevated bond yields, with the Nasdaq Composite falling into correction territory.

19 Jan
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Europe close: Stocks edge higher on the back of latest corporate updates

European shares finished in the green on Wednesday as upbeat corporate updates outweighed worries over interest rate rises.

19 Jan
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London close: Stocks finish higher despite 30-year inflation record

London stocks managed a positive finish on Wednesday, lifted by well-received updates from the likes of Pearson and Burberry, as data showed UK inflation surging to its highest level in nearly three decades in December.

19 Jan
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Major airlines cancelling flights to US ahead of 5G rollout

Several of the world's largest airlines grounded many of their flights to and from the US ahead of the expected launch of 5G telecommunications services in America on 19 January.

19 Jan
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Unilever won't lift £50bn offer for GSK consumer health arm

Unilever will not be increasing its offer for GlaxoSmithKline’s consumer healthcare business.

19 Jan
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Director dealings: Kape CEO makes £2.6m sale, Card Factory chair buys shares on market

Kape Technologies chief executive officer Ido Erlichman enjoyed a £2. 6m payday, the company disclosed on Wednesday, as a group of senior staff members made share sales.

19 Jan
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BoE's Bailey flags risks of energy inflation becoming more embedded

A slower decline in energy prices than was expected up to just a few months ago risked embedding them for longer in overall inflation pressures, the Governor of the Bank of England said.

19 Jan
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FTSE 250 movers: WH Smith gains ground after update; Liontrust retreats

London’s FTSE 250 was flat at 22,655. 86 in afternoon trade on Wednesday.

19 Jan
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Broker tips: Rio Tinto, Ryanair, Segro

Analysts at Berenberg hiked their target price on mining giant Rio Tinto from 5,500. 0p to 5,700. 0p on Wednesday after the firm's fourth-quarter production efforts were broadly in line with their estimates.

19 Jan
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FTSE 100 movers: Burberry rallies on update; Ashtead falls

London’s FTSE 100 was up 0. 2% at 7,579. 48 in afternoon trade on Wednesday.

19 Jan
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US open: Stocks in the green as earnings continue to trickle in

Wall Street stocks were in the green early on Wednesday after major indices recorded heavy losses in the previous session amid rising bond yields.

19 Jan
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Christie set to beat profit expectations after strong end to year

Christie Group reported an “extremely strong” year-end performance in its business broking, valuation and advisory practice Christie & Co in an update on Wednesday.

19 Jan
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US housing starts unexpectedly rise in December

US housing starts unexpectedly rose in December and building permits surged, according to figures released on Wednesday by the Commerce Department.

19 Jan
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Entain's BetMGM venture to blast past $1bn net revenue in 2022

Entain updated the market on performance at its BetMGM joint venture with MGM Resorts International on Wednesday, with the operation expecting full-year net revenue to top $1. 3bn in 2022.

19 Jan
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Oil supply set to overtake demand - IEA

Oil supply is on track to outstrip demand, the International Energy Agency forecast on Wednesday, with the Omicron variant having only a "muted" impact on demand.

19 Jan
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SocGen upgrades Unilever to 'buy'

Societe Generale upgraded Unilever on Wednesday to ‘buy’ from ‘sell’ and lifted the price target, citing the company’s new strategy and a projected 12-month total shareholder return of 20. 5%.

19 Jan
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PCI-PAL trading ahead of expectations after 'excellent' first half

Cloud payment technology provider PCI-PAL reported an “excellent” first half in a trading update on Wednesday, with all of its key metrics either at or ahead of management expectations.

19 Jan
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Appreciate Group performs well in key third quarter

Corporate and consumer retailer redemption programme provider Appreciate Group reported third quarter billings of £96. 1m in a trading update on Wednesday, up 13% on the pre-pandemic period in the third quarter of the 2020 financial year, and “broadly similar” to 2021’s £96. 8m figure.

19 Jan
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Eve Sleep flags customer services 'challenges', shares plunge

Shares in Eve Sleep tumbled on Wednesday as the mattress retailer warned of "challenges" caused by a spike in Covid cases.

19 Jan
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Morgan Stanley quarterly profits beat expectations

Investment bank Morgan Stanley posted quarterly profits that beat expectations on Wednesday amid a surge in mergers and acquisitions and an increased level of fees from advising on deals.

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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.