Latest News
03 Jul
Tuesday newspaper round-up: Meta, Aviva Investors, Govia Thameslink

Mark Zuckerberg has announced his social media empire is building what he claims is the world’s fastest artificial intelligence supercomputer as part of plans to build a virtual metaverse. The Facebook founder said in a blogpost that the metaverse, a concept that blends the physical and digital world via virtual and augmented reality, will require “enormous” computing power. The AI supercomputer, dubbed AI Research SuperCluster (RSC) by Zuckerberg’s Meta business, is already the fifth fastest in the world, the company said.

26 Jan
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Wednesday preview: Federal Reserve, Wizz Air in the spotlight

All eyes will be on the US central bank in the middle of the week as it signals the start of normalising the extraordinary emergency measures put in place in the wake of the pandemic.

25 Jan
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US close: Stocks end session in the red as earnings and IMF global growth downgrade take centre stage

Wall Street stocks closed lower on Tuesday as corporate earnings, geopolitical tensions and a downgrade in global growth forecasts were all in focus throughout the session.

25 Jan
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Europe close: Major stocks indices put in small bounce

European shares put in a slight bounce on the back of a big bounce on Wall Street overnight from its session lows despite the still extremely heightened tensions over Ukraine.

25 Jan
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London close: Stocks keep hold of gains through afternoon trading

London stocks managed a positive finish on Tuesday, maintaining their momentum from a positive close on Wall Street, with Royal Mail pacing the advance after a well-received update.

25 Jan
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US house prices continue growing at near-record pace in November, S&P says

A record surge in US home prices barely slowed towards the end of November, the results of a closely-followed survey revealed.

25 Jan
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Director dealings: Moonpig non-exec buys almost £0.1m in shares, Calnex director makes sale

Moonpig disclosed a purchase of almost £0. 1m worth of shares by one of its directors on Tuesday, in what was a day of relatively low-value director dealings.

25 Jan
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FTSE 250 movers: Capricorn Energy rallies; Baltic Classifieds falls again

London’s FTSE 250 was 0. 7% firmer in afternoon trade on Tuesday at 21,598. 73.

25 Jan
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FTSE 100 movers: Banks on the rise; Rightmove in the red

London’s FTSE 100 was up 0. 9% at 7,364. 29in afternoon trade on Tuesday.

25 Jan
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Broker tips: Boohoo, Bakkavor, THG

RBC Capital Markets downgraded fast-fashion retailer Boohoo to 'sector perform' from 'outperform' on Tuesday, slashing the price target to 150. 0p from 330. 0p.

25 Jan
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Nvidia preparing to abandon Arm deal - report

US tech company Nvidia was said on Tuesday to be preparing to abandon its purchase of chip maker Arm from Softbank after making little to no progress in winning approval for the $40bn deal.

25 Jan
US consumer confidence deteriorates in January

US consumer confidence deteriorated in January as short-term expectations weakened, according to a survey released on Tuesday.

25 Jan
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Sopheon set for strong full-year revenue growth

Enterprise management software and service provider Sopheon said in a trading update on Tuesday that revenue for 2021 would exceed $34m, up from $30m in 2020.

25 Jan
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IMF downgrades expectations for global economic recovery in 2022

The International Monetary Fund cut global growth forecasts on Tuesday, citing a number of threats to the world's economic recovery from the Covid-19 pandemic.

25 Jan
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US open: Stocks trade lower following modest gains in previous session

Wall Street stocks were firmly in the red early on Tuesday as corporate earnings, geopolitical tensions and a downgrade in global growth forecasts were all in focus at the bell.

25 Jan
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Eleco ends 2021 with revenue above expectations

Construction software company Eleco said in a trading update on Tuesday that its unaudited revenue for 2021 was expected to be £27. 3m, an increase of 8% year-on-year, and above market expectations.

25 Jan
general electric
Fourth-quarter earnings dip at General Electric

General Electric saw earnings dip in the fourth quarter, the industrial giant reported on Tuesday, sending its shares sharply lower as trading got under way.

25 Jan
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Prices set to jump as factories battle surging costs - CBI

UK manufacturers are poised to ramp up prices as they battle rising costs and labour shortages, a closely-watched survey showed on Tuesday.

25 Jan
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N4 Pharma outlines work plan after 'encouraging' data

Specialist treatment and vaccine delivery system developer N4 Pharma updated the market on its work plan on Tuesday, following “encouraging data” from its oncology research as announced on 13 December.

25 Jan
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Fonix earnings grow faster than forecast in first half

Mobile payments and messaging provider Fonix Mobile said in a trading update on Tuesday that gross profit and adjusted EBITDA in the first half had grown ahead of management expectations.

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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.